With a territory of nearly three million square miles but a population of just 27 million people, Australia is a difficult place to launch and operate low-cost airlines, due to the high costs, coupled with a relatively small potential client base. Earlier in October, two U.S. executives from the financial company that helped launch Queensland-based budget carrier Bonza were charged with fraud of over $500 million over allegedly "pledging assets that [the] firm did not own, falsifying bank statements, and ...

RT Chris Rossini (@ChrisRossini)The Empire mentality demands that you put other countries first -- to try to preserve the Empire.Trump (leading a bankrupt government himself) is going to attempt to bailout another bankrupt government.The American people can watch their farmers suffer and get their beef from Argentina instead. ...

Judicial delays and rickety infrastructure hurt failing Indian firms and their would-be rescuers. Can a raft of changes to the country’s bankruptcy laws help? https://t.co/hcjlYEABSE ...

LET'S FIGURE OUT HOW THE TEAM FEELS ON A RISK-ON START TO THE WEEK. >> MAYBE IT'S A MONDAY THING, WE ARE LESS OPTIMISTIC ON FRIDAYS. THE START OF EARNINGS SEASON IS SOMETHING TO WATCH AND WITHIN THE U.S. GOVERNMENT SHUTDOWN, THERE WAS A STRONG SIGNAL FROM LOAN GROWTH BOUNCING.BANKS ARE WILLING TO LEND AND HOUSEHOLDS ARE CONFIDENT TO BORRW. -- BORROW. NOT UNDULY WORRIED ABOUT LOSSES, SO THE FED HAS DATA ON HOUSEHOLD INCOME RELATIVE TO DEBT, HEALTHY LEVELS.KRITI: SO EVERYTHING IS FINE. [LAUGHTER] >> BANKRUPT ...

Core Insights - A Reddit user, previously with a perfect credit score, is now facing over $177,000 in debt and considering bankruptcy [1][5] Financial Situation - The individual has $118 in total cash and over $160,000 in credit card debt across multiple banks including Bank of America, Barclays, American Express, Capital One, JPMorgan Chase, and U.S. Bancorp [2] - Additionally, there is a personal loan of nearly $17,000 from SoFi with a 12.66% interest rate [2] Employment and Income - The individual was previously employed at a major tech firm with an annual income of approximately $175,000 but is now unemployed and reliant on disability income [4] Community Response - The Reddit community has strongly advised the individual to file for Chapter 7 bankruptcy, with many suggesting it is the best course of action [5] - Concerns were raised about the implications of continuing to use credit cards prior to filing for bankruptcy, as it could affect the bankruptcy case [5] Future Considerations - Commenters urged the individual to think about post-bankruptcy life and the potential consequences of damaging relationships with major banks [6]

A new out-of-court route aims to speed up settlements of genuine failures. A former chair of a bankruptcy watchdog reckons that these amendments will fulfil India’s bankruptcy code’s “intended purpose”. About time https://t.co/JUjmCebkL3 ...

Sonder, an online rental company that focuses on boutique apartments, is pursuing an out-of-court agreement with creditors in a last-ditch effort to avoid a bankruptcy filing, according to sources https://t.co/zzTjFKISZf ...

Creditors of PrimaLend, which provides financing to auto dealerships that cater to subprime borrowers, are weighing pushing the firm into bankruptcy. https://t.co/ZY2qB5S12n ...

🚨JUST IN: BRIC REACHES A $299.5M SETTLEMENT WITH TETHER TO PAY THE CELSIUS BANKRUPTCY ESTATE ...

BRIC announced a $299.5 million settlement with Tether to pay the Celsius bankruptcy estate. The agreement stems from an adversary proceeding BRIC filed in August 2024 in the U.S. Bankruptcy Court for the Southern District of New York, alleging Tether violated bankruptcy law and related obligations by transferring and liquidating collateral prior to Celsius’s 2022 bankruptcy filing. https://t.co/kKi1PhreJ1 ...