Latest news and articles about debts from NEX English
The Spanish Supreme Court has granted a new opportunity to a COVID-19 victim, ruling that his debts were incurred while helping his family during the pandemic. The man, whose debts exceeded <strong>20,242 euros</strong>, is now allowed to benefit from the Second Chance Law.
Braskem, Brazil's largest petrochemical company, is considering filing for legal protection in local courts against creditors due to increasing financial pressures. This decision comes at a critical time for the company as it faces mounting challenges that could impact its market sustainability.
Al-Wehda Club management faces repeated warnings from the Dispute Resolution Court regarding the repayment of accumulated debts totaling <strong>1.8 million riyals</strong>, which could lead to restrictions on registering new players.
Brazilian club Flamengo has filed a complaint with the Court of Arbitration for Sport (CAS) regarding unpaid debts related to a former player's transfer to Almería, owned by Cristiano Ronaldo. This move comes after Ronaldo's recent acquisition of a stake in the Spanish club.
A federal judge has approved Multi-Color Corp's request to draw the remaining $250 million of its loan under Chapter 11, allowing the company to continue its financial operations. However, the judge rejected a controversial feature that would have prioritized certain debts for repayment.
Syrian Finance Minister, Mohammad Yasser Barniyeh, has denied any negotiations with Russia regarding debts owed by Syria from the previous regime. He emphasized that external support is in the form of grants, not loans.