Victorians struggling to pay gas and electricity bills will be entitled to more help to prevent debt and disconnection under new rules for energy retailers. Flexible payment options, lower tariffs and a six-month debt payment “hold” for people who have missed paying their energy bills are part of changes announced by the Essential Services Commission…
Former Lugari MP Cyrus Jirongo; commercial court declared him bankrupt for failing to pay Sh700m debt NAIROBI, KENYA: When faced with overwhelming debts obligations, some people turn to courts of law to file for bankruptcy. They compel the courts to declare them bankrupt and insolvent, meaning that they no longer have capacity to clear their…
Prior to his stint at Amec, Mr Lewis was at US giant Halliburton for 20 years. Ian Powell, chairman of Capita, said Mr Lewis had the ideal blend of experience to lead the transformation of the company, including developing major client relationships in both the private and public sectors. Mr Lewis said he spied an…
VA TECH WABAG, a construction company that focuses on water project, denied reports that it was insolvent and said it was appealing the recent order of the Chennai bench of National Company Law Tribunal. The bench, at its hearing held on 6th October 2017 has passed an order for initiation of Corporate Insolvency Resolution Process…
Green Marine was involved in many of the world’s leading yacht races, building custom boats for the Volvo Ocean Race and Alex Thomson’s IMOCA 60, HUGO BOSS HUGO BOSS in the 2016-17 Vendée Globe The award winning Hampshire boat builder, Green Marine, has gone into liquidation, with the loss of 46 jobs. The company is…
According to Life Delayed, a report issued by American Student Assistance (ASA), The average amount paid for a mortgage, student loans, and credit card debts equals $1,670.12, or 44.2% of the average college graduates take home pay8.2% higher than the maximum debt-to-income ratio required to qualify for a typical home mortgage, and with no room…
DEAN KOZANIC/STUFF Christchurch businessman Bert Govan is head of the queue of creditors of his company Challenge Steel (in liquidation). Christchurch-based Challenge Steel shows debts of more than $10 million. But the majority owner, Govan Property Group owned by company founder Bert Govan, is the front-ranking secured creditor owed $4.8 million. An estimated $6.1m is owed to…
By ABIUD OCHIENG’ Former Lugari MP Cyrus Jirongo has been declared bankrupt after the High Court found that he was unable to service his debts. Judge Olga Sewe ruled that the politician was unable to pay debt amounting to Sh700 million, which he owed some eight companies. The bankruptcy application against Mr Jirongo had been…