(Corrects 10th paragraph to show that Sears Canada will continue to sell home appliances. Previous said the company plans to shift away from that area) By Solarina Ho TORONTO (Reuters) – Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations…
Those who don the IP hat are usually chartered accountants or business managers Veena Mani June 25, 2017 Last Updated at 23:53 IST Insolvency professionals (IPs) are the new kid in town in great demand particularly after the RBI asked bank… Read the full article at: http://www.business-standard.com/article/opinion/know-the-new-world-of-insolvency-professionals-117062500786_1.html
Royal Bank of Scotland is to cut 443 jobs in Britain as the bank moves its team that arranges loans for small businesses to India. The taxpayer-controlled bank said that the roles would transfer to Mumbai, to be included in the groups growing team there, as part of a restructuring designed to cut costs, first…
Credit card debt has become a big problem for a lot of consumers especially for single parents that is why National Debt Relief shares some tips to manage it with a recently published article. The material released May 15, 2017 and titled “8 Tips For Single Parents Struggling With Credit Card Debt” aims to give…
Tennis icon Boris Becker has rubbished reports he’s to split from his wife of eight years, Lilly Becker. The former Wimbledon champion, 49, has responded to rumours about his marriage with a tweet, in which he publicly describes the brunette beauty as his “love”. Posting an image of his model partner, the German sportsman captioned…
By Jabeen Waheed For Mailonline Published: 18:28 +10:00, 25 June 2017 | Updated: 20:08 +10:00, 25 June 2017 e-mail 51 View comments Boris Becker is reportedly splitting from his wife Lilly – a move which could potentially add to his financial woes. The three time Wimbledon tennis champion – who has been declared bankrupt over…
Sears Canada said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. The Canadian company, which was spun off from U.S. department-store pioneer Sears Holdings in 2012, said it planned to close 59 of…
Student loans were, of course, supposed to be a good idea. They would help people acquire knowledge and skills that would qualify them for higher-paying jobs. What largely happened instead is that student loan borrowers are saddled with debt repayment obligations they cannot meet. They then default, their credit score goes in the tank, they…
Debt counselling might not work for everyone, but if done properly it does uncover cases of reckless lending and the greed of some credit providers. If your debt was granted recklessly, it can be set aside by the courts. The effectiveness of debt counselling and its cost to overindebted consumers are under the spotlight as…
Within a year of the National Company Law Tribunal (NCLT) starting operations from June 2016, a total of 81 companies which had taken loans to the tune of Rs 14,260 crore have pleaded with the body seeking permission to be declared bankrupt under the Insolvency and Bankruptcy Code 2016. According to the NCLT, 81 cases…