Join prevention staff from the Center for Alcohol & Drug Services, Inc. at 1 p.m. Wednesday on Zoom to learn about the often hidden addiction of gambling. For many, gambling is a form of entertainment but for others, gambling can lead to debt, bankruptcy, and failed relationships, a news release says. Participants in the presentation,…
DetailsThe once high-flying Chinese conglomerate HNA Group Co. Ltd. is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case. HNAs decision, made public Friday in three separate announcements by its restructuring team, offers a…
DetailsAs part of its global cost restructuring plans, Finnish telecom giant Nokia will lay off around 1,500 employees in India. Through this cost restructuring, the telecom bellwether aims to increase investment towards research and development capabilities and reduce site fragmentation. The restructuring plans will hit Nokia’s global operations as well as its India operations. Consultation…
DetailsThe worlds largest airlines have built up a mountain of more than $300bn in net debt, a sign the pandemic will hamper recovery for years as carriers face paying back huge bills from rescue financing and state support. With hopes of a limited restart to travel in the summer, attention is turning to how quickly…
DetailsThe sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…
DetailsTennis legend Boris Becker gave 120,000 in backhanders to his wife and his ex to evade bankruptcy rules, court hears Boris Becker, 53, was declared bankrupt four years ago after spending fortune Tennis ace allegedly hid money following bankruptcy order to paying creditors Court hears he hid proceeds from 3m sale by sending them to…
DetailsBankruptcy can happen to anyone even billionaires. The news is full of former high-flying celebrities whose careers have tanked, or they made unwise investments. Filing for bankruptcy isnt a prison sentence. Youll see a multitude of bankrupt celebrities, movie stars, musicians, and athletes. Some celebrities of the past who went bankrupt include singer and actress…
DetailsThe Liberal-National Coalition government pushed its industrial relations legislation through the Senate yesterday, but it had to drop key aspects of the bill that had been demanded by big business in order to win the votes of crossbench MPs. While the laws contain attacks on the rights and conditions of casual workers, and have been…
DetailsMany Americans carry some form of debt. Debt consolidation can help you break free of high-interest debt before trouble arrives. Here, we’ll help you compare online debt consolidation lenders and find out who offers the best terms for your situation. If you’re asking yourself, “What is debt consolidation?” you’ve come to the right place. We’ll…
DetailsMar 19 2021, 1:47 PMMar 19 2021, 1:57 PMMarch 19 2021, 1:47 PMMarch 19 2021, 1:57 PM Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolvency provisions for guarantors were notified…
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