One worrying takeaway from the first week of the Financial Services Royal Commission is how many elderly people are being adversely affected by irresponsible lending. Such lending is often the result of an agreement with a family member, for example an adult child, to help that person financially by entering into a joint loan.…
Stock Photo Banks blamed for first fall in applications for debt deals Independent.ie THERE has been a fall in the number of people applying for official debt deals. https://www.independent.ie/business/personal-finance/property-mortgages/banks-blamed-for-first-fall-in-applications-for-debt-deals-36710478.html https://www.independent.ie/incoming/article36303344.ece/16c28/AUTOCROP/h342/stock-finance-bills-thinkstock.JPGfdg Email THERE has been a fall in the number of people applying for official debt deals. The drop is despite Ireland having one of the…
The parent company of Winn-Dixie, Bi-Lo and Harvey’s will close 94 stores only one in Louisiana as part of a restructuring agreement with creditors holding the vast majority of its debt. Southeastern Grocers’ one Louisiana store set to shut down is a Winn-Dixie at 619 N. Causeway Blvd. in Mandeville. About three weeks ago, Winn-Dixie announced it…
Anthony Hucker, President and Chief Executive Officer of SEG, said, “The agreement we announced today is an important step in Southeastern Grocers’ transformation to put our company in the best position to succeed in the extremely competitive retail market in which we do business. With a foundation built on iconic, heritage banners, and with the…
AUGUSTA, Maine. (WABI) Maine ranks as the eighth highest state in the country in terms of student debt, that according to a national report. The LePage administration has brought forward a bill to provide debt relief for students in an attempt to keep younger people in the state. “The ultimate goal, the bigger picture, is…
Jordan Blum, Houston Chronicle Published 8:00 am, Thursday, March 15, 2018 … Read the full article at: https://www.chron.com/business/energy/article/EnerVest-business-filing-for-bankruptcy-to-12755380.php
THE latest figures on personal insolvency show numbers are going down in Bundaberg – but there’s still plenty of people lining up for welfare. St Vincent de Paul Society Bundaberg family intervention co-ordinator Patsy Birznieks said people were literally standing in line waiting for help. “We’re open three mornings a week on Mondays, Tuesdays and…
Alan Meek Morton Fraser is expanding its corporate restructuring and insolvency team with the appointment of Alan Meek as a partner in the firms Glasgow office. Mr Meek, a highly regarded practitioner in the corporate restructuring and insolvency sector, joins the 29 strong corporate team at Morton Fraser. In his new role, he will be advising…
Maitland Leagues Club has gone into voluntary administration owing some of its creditors hundreds of thousands of dollars. The clubs board of directors resolved at a meeting on March 11 to place the Bulwer Street business into voluntary administration appointing Newcastle-based insolvency firm Shaw Gidley administrators. The clubs president Ben Newcombe declined to comment when approached by Fairfax…
Toys”R”Us also announced that it is pursuing a going concern reorganization and a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland. The Company’s international operations in Australia, France, Poland, Portugal and Spain are considering their options in light of this announcement, including potential sale processes…