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Year-on-year 14% rise in personal insolvencies in Wales 17 October 2017 From the section Wales Image copyright PA Image caption Spiralling debt has led to “record numbers” of people seeking help, says a charity The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal. The increase prompted…
Image copyright PA Image caption Spiralling debt has led to “record numbers” of people seeking help, says a charity The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal. The increase prompted stern warnings from debt advice groups, who said their debt caseload was at “record levels”.…
The Debt Panel: ‘I left the UAE without paying Dh170,000 in loans but the banks wont help me return’ – The National x Abu Dhabi, UAE
Daimler announced on Monday it was preparing to revamp the companys structure to better prepare it for the future of electric vehicles, by legally separating its cars business from its underperforming trucks unit in an attempt to unlock value in both. Analysts say the move by the German group would be the first time a…
The Insolvency and Bankruptcy Code, 2016 (IBC), is a watershed in the history of Indias banking credit culture. Replacing a plethora of legislation it provides for a single-window, time-bound process designed to revive a company or failing which to liquidate it. Based on equity, asset maximization and promotion of entrepreneurship, the IBC aims to balance…
Posted on : Oct.17,2017 17:59 KST Modified on : Oct.17,2017 17:59 KST GM Korea CEO Kaher Kazem explains the business situation to reporters at the companys Bupyeong Factory in Incheon on Sept. 6 (provided by GM Korea) The subsidiary of the largest American automaker has lost 2 trillion won…
The recently introduced Insolvency and Bankruptcy Code, 2016 (IBC), has been put to a real test with the admission of corporate insolvency resolution proceedings (CIRP) against Jaypee Infratech for defaulting on a loan from IDBI Bank. Rahul SudOf counselSNG & Partners The IBC aims to remove the bottlenecks and expedite the CIRP, with a paradigm…
ANZ has sold its OnePath Pensions & Investments (P&I) and aligned dealer group (ADG) business to IOOF Holdings for $975 million. The two businesses represent an aggregate profit of $39 million, with financial services company IOOF purchasing them in a deal representing over 25 times their combined FY17 net profits. The deal also involves ANZ entering into a 20year strategic…
Australia could soon be facing its worst financial crisis in decades, as new research shows that more people than ever are drowning in debt. Data out of The Salvation Army has revealed that vulnerable Australians now have $2.55 worth of debt for every dollar earned, or a debt-to-income ratio of 255 percent. More and more…