Bankruptcy

Mohela, a key player in the student loan sector, is currently facing a significant lawsuit over its role in blocking debt cancellation for borrowers. The company, which services loans for borrowers under the Federal Family Education Loan Program, has found itself at the center of a legal battle prompted by the Biden administration’s attempts to […]

New Thai Prime Minister Paetongtarn is set to focus on addressing the significant issue of household debt, which currently stands at a staggering $474 billion. Many families in Thailand are struggling under the weight of this financial burden. Analysts point out that this crisis has been exacerbated by the COVID-19 pandemic and subsequent economic challenges.

The SBR has reported on the court’s recent decision concerning a high-profile restructuring case. This major ruling impacts the financial future of a prominent company facing significant challenges. In light of the escalating economic pressures, the restructuring process is now under intense scrutiny. It aims to stabilize the company, ensuring it can weather the storm.