UAE residents struggling to meet their financial obligations are now more open to seeking help as a result of The Nationals Debt Panel column, a round-table discussion revealed yesterday. During the session, The Debt Panel One Year On, delegates discussed how the stigma surrounding personal indebtedness has eased since the launch of the advice column…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
KUCHING: A DAP motion seeking the withdrawal of bankruptcy allegations against its sacked Pujut assemblyman Dr Ting Tiong Choon was thrown out by the Sarawak Legislative Assembly. Kota Sentosa assemblyman Chong Chieng Jen, who tabled the motion on Monday, wanted International Trade and E-Commerce Minister Datuk Seri Wong Soon Koh to withdraw his allegations that…
Wayne Rooney lost £500,000 in a two hours late night gambling spree on his own at a casino. The Man United and England star ran up the bill on roulette and blackjack. One witness at Manchesters 235 Casino said: He was gambling a lot on red and seemed to be in his own world. Gambling-mad…
On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…
BEIJING – A slew of upbeat economic data pointed to latest restructuring achievements and provided fresh stabilization signs for the Chinese economy. Highly-watched economic figures released Monday, including industrial output, retail sales, fixed-asset investment and housing sales, confirmed the message that the ongoing growth model transitioning is providing new impetus to the world’s second largest…
Reuters Monday 15 May 2017 Dubai-listed conglomerate Gulf General Investment Co(GGICO) said on Monday it expected to complete a restructuring of around Dhs2.36bn ($643m) in loans by next month. The firm, which has investments spanning financial services, property, hospitality, manufacturing and retailing, previously renegotiated Dhs2.8bn in financial commitments in 2012. But the subdued local economy…
OrotonGroup’s major shareholders are under increasing pressure to privatise the upmarket accessories retailer so it can be restructured away from the glare of public markets. Fund managers have stepped up calls for the company to be taken private after its shares went into a trading halt on Monday before another profit downgrade, the second in five…
Debt has been giving consumers a hard time managing their finances and as debt consolidation is able to help people out, National Debt Relief aims to point out common pitfalls people might encounter with the program. The article titled “When Is Las Vegas Debt Consolidation A Bad Idea?” and published March 31, 2017 talks about…