COLOMBO, Sri Lanka (AP) — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The agreement marks a key step in the country’s economic recovery after defaulting on debt repayment in 2022. Sri Lanka is under an International […]
By Dietrich Knauth NEW YORK (Reuters) – Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a battle over which group will be paid first. Fisker filed for bankruptcy protection in Delaware on Monday after burning through cash in an attempt to […]
Tensions in Rudy Giuliani’s bankruptcy case are coming to a head, with his creditors hoping for the drastic remedy of having a third party take control of the former New York City mayor’s finances. Since Giuliani filed for bankruptcy protection, spurred by a $148 million defamation verdict, his creditors have accused him of hiding assets […]
Former New York City Mayor Rudy Giuliani claimed his net income is only $2,308 per month in recent federal bankruptcy court filings. The documents were submitted to the U.S. Bankruptcy Court for the Southern District of New York on Feb. 2. Giuliani filed for bankruptcy last December after he lost a $148 million defamation suit filed […]