The personal insolvency group said that while indebtedness among public sector workers had risen due to the squeeze on living standards from stagnant pay and inflation, police officers, firefighters and paramedics had seen the sharpest increases in their debts. Creditfix said that the average emergency services worker with debts saw them rise from £11,043 at…
Disgraced Sydney businessman Salim Mehajer is expected to challenge a court which ruled him insolvent because “only God” has the power to declare him bankrupt. A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded…
Previous arrests in Perth, Darwin, Sydney and Christchurch have also been linked to the operation. Last week six people were arrested during planned searches across the greater Dublin area, in which 250,000 (about $400,000) was seized after it was discovered in a mattress. Irish authorities have confirmed a number of those arrested to date have…
Tel Aviv District Court Judge Eitan Orenstein today issued a liquidation order for the Eurocom Group. The order will take effect on May 3, as requested by the banks. The official temporary receiver was appointed as the temporary liquidator for Eurocom Communications, and the banks’ lawyers were appointed as special managers for the company. The…
ATLANTA Atlanta police are investigating a double shooting in northeast Atlanta. The shooting happened shortly after 9 p.m. along Parkway Drive NE. Investigators confirm to Channel 2 Action News that one person died in the shooting. TRENDING STORIES: Recommended for you Recommended for you Recommended for you Detectives told Channel 2’s Wendy Halloran they believe…
Canadian online gambling giant The Stars Group announced Saturday that it would buy UK counterpart Sky Betting & Gaming in a move that would create the largest publicly listed online gambling company, boost The Stars Groups sports betting product, and secure the combined entity with better positions in key online gambling markets amid intense competition.…
Instead of falling behind, you should look for an alternative that refinances your debt over a longer term. (Shutterstock) Follow > , Debt consolidation is often associated with emails that land in your spam. But in reality debt consolidation, when offered by a reliable bank or specialised company, is a good financial tool that…
Retailers are filing for bankruptcy at record-high rates as Americans changing shopping habits, along with years of overly aggressive store growth, continue to shake up the industry. Just four months into the start of 2018, 11 US retailers have already filed for bankruptcy or announced liquidations. Heres the retail carnage so far this year: Nine…
National Company Law Tribunal (NCLT) Chairman Justice M M Kumar today said that Article 14 of the Constitution (right to equality) can be invoked if the committee of creditors violates the Insolvency and Bankruptcy Code law while examining business restructuring plan and proposals. “Article 14 of the Constitution can come in case of COCs (committee…
Greeces creditors are getting closer on a deal to ease the countrys debt burden, according to Eurogroup President Mario Centeno. Greeces 86-billion euro ($106-billion) bailout program is set to run out in August, and creditors are working on finding a compromise on debt repayments that would help to manage the countrys financing needs after it…