Tupperware cancels auction, agrees to lender takeover
Tupperware Brands agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief.
Wed Oct 23 2024
Musk warns of risks of US going bankrupt
Elon Musk says the interest on the debt is trending to rapidly absorb all tax revenue, leaving nothing for critical needs.
Tue Oct 22 2024
Tupperware files for bankruptcy as its colorful containers lose relevance
Post-pandemic cost hikes in raw materials, labor, and freight hit Tupperware's margins hard.
Wed Sep 18 2024
AWANI Tonight: Tupperware Brands set to file for bankruptcy
Tupperware Brands is preparing to file for bankruptcy after a year-long effort to revive the business, as it faces mounting debt and a sharp decline in demand for its once iconic plastic containers.
Tue Sep 17 2024
Altantuya’s family files bankruptcy notice against Razak Baginda
Abdul Razak Baginda failed to pay over RM9.24 mln in damages, including interest, to the family as ordered by the High Court in 2022.
Thu Aug 29 2024
Court rejects Najib and son's bid to stay bankruptcy proceedings
Today's decision was to stay the bankruptcy proceedings to allow the Special Commissioners of Income Tax (SCIT) hearing to go on first.
Mon Jul 29 2024
142,510 bankrupt cases given discharge so far, exceeding initial target of 130,000 cases - PM
The policy is extended to bankrupts to provide them the opportunity to return to contribute to the national economy and live a new life.
Thu Jul 25 2024
AWANI Review: WeWork’s Fallout: A reflection or anomaly in co-working demand?
WeWork's bankruptcy filing shouldn't be misinterpreted as a broader industry downturn. Local operators Stephanie Ping and Andrew Yeow of WORQ say that as offices continue to pivot towards flexible working, so too does the demand for co-working space.
Sat Nov 25 2023
Budget 2024: Second chance policy on bankruptcy expanded - PM
Datuk Seri Anwar Ibrahim said as of July this year, almost 14,000 cases with small debts of below RM50,000 discharged from bankruptcy.
Fri Oct 13 2023
31,140 youth under 35 declared bankrupt since 2014 - Ramkarpal
The govt has implemented several initiatives including bankruptcy discharge for those declared bankrupt for debts below RM50,000.
Mon Jun 26 2023
Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship
The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
Cuepacs proposes extending maximum loan tenure to prevent bankruptcies
The Finance Ministry and Bank Negara have been urged to look into extending the maximum loan tenure to increase disposable income and prevent bankruptcy.
Sat Feb 04 2023
Twitter won't go bankrupt anytime soon, says Elon Musk
Twitter head Elon Musk has confirmed that the social media platform is no longer "in the fast lane to bankruptcy" reported dpa.
Tue Dec 27 2022
Musk warns of Twitter bankruptcy as more senior executives quit
In his first meeting with all employees at Twitter, Musk warned that the company may lose billions of dollars next year.
Fri Nov 11 2022
Jamal denies being issued bankruptcy order, says eligible to contest in GE15
Sungai Besar BN candidate Jamal Md Yunos has denied being issued a bankruptcy order that could disqualify him from contesting in the GE15.
Fri Nov 04 2022