The Nordic Resistance Movement marched with swastika flags in Helsinki on Independence Day 2018. Image: Martti Kainulainen / Lehtikuva The neo-Nazi organisation Pohjoinen perinne (or ‘Nordic Tradition’ in English), a registered association of the Nordic Resistance Movement (Finnish acronym PVL), has been declared bankrupt by Pirkanmaa District Court on Monday. A request for bankruptcy was…
DetailsBy Reuters Staff 2 Min Read ROME, Dec 21 (Reuters) – Italian police said on Monday a man who ran a cryptocurrency exchange that was declared bankrupt last year is suspected of being responsible for a series of hacks that caused losses of 120 million euros ($146 million). More than 230,000 people were defrauded by…
DetailsPakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive financial obligations.…
DetailsBy AFP ISLAMABAD:Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive…
DetailsLONDON The breakup of Arcadia has begun with administrators Deloitte selling off the first brand from the bankrupt clothing group, Evans. The plus-size brand, its ecommerce and wholesale businesses, have been sold for 23 million pounds to City Chic Collective Ltd., an omnichannel retailer that specializes in apparel, footwear, and lingerie in a wide range…
DetailsThe Bankruptcy Law Reforms Committee, which proposed the IBC, noted that the most important objective in designing a legal framework for dealing with firm failure is the need for speed. By Bibek Debroy & Aditya Sinha, A few days ago, a woman in Bhopal moved a court because her father allegedly cheated in a Ludo…
DetailsThe continued suspension of new insolvency proceedings has hit not just recovery for lenders, but also affected small businesses who typically form the bulk of suppliers to many corporates. Operational creditors are those seeking to recover their dues with respect to goods or services they have provided, while financial creditors are the lenders. The government…
DetailsUnder the law, a person declared bankrupt is disqualified from holding any key government office. Justice Duncan Gaswaga of the Commercial Court declared Ndawula bankrupt following a bankruptcy application filed by Hirra Traders, Uganda Limited on August 31, 2020. File Photo Under the law, a person declared bankrupt is disqualified from holding any key government…
DetailsMichael Chopra has recently opened up about his struggles with gambling addiction, his road to recovery, and the help he received from Roy Keane. Career, Big Break and Addiction Former professional soccer player Michael Chopra recently opened up about his problems with gambling addiction and the difficult road to recovery. He thanked Manchester United legend…
DetailsNyajuok Mangongo, 36, made a handful of moves to pay off $87,000 in credit card debt and a car payment in just under a year. From picking up weekend hours as a nurse during the pandemic, to buying things from her local Goodwill to resell on eBay and Facebook Marketplace, Mangongo hustled to supplement her…
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