January 2, 2019

Lenders must now tell customers if they can save on their mortgage – Independent.ie

BankruptcyBy Insolvency Advisory Accountants January 2, 2019

(Stock photo) Lenders must now tell customers if they can save on their mortgage Independent.ie Banks will have to tell customers if they can make savings on their mortgages under new rules which have just come into effect. https://www.independent.ie/business/personal-finance/property-mortgages/lenders-must-now-tell-customers-if-they-can-save-on-their-mortgage-37676957.html https://www.independent.ie/incoming/article37624019.ece/60110/AUTOCROP/h342/page17_property.jpg Email Banks will have to tell customers if they can make savings on their mortgages…

Bestjet collapse: Customers angry over airline booking site fiasco – NEWS.com.au

LiquidationBy Insolvency Advisory Accountants January 2, 2019

Australians left thousands of dollars out of pocket after booking plane tickets that never arrived say they feel robbed and cheated. Queensland-based booking site Bestjet and its subsidiaries went into voluntary administration days before Christmas last year. Would-be travellers who had booked tickets via Bestjet were left in limbo after the collapse and are now…

Brits more likely to bury their heads in the sand than deal with debt – Business Leader

BankruptcyBy Insolvency Advisory Accountants January 2, 2019

A shocking number of UK adults would leave it up to three years or more before seeking professional help if they were in debt, new research has revealed. A survey of 1,000 UK adults, carried out by Creditfix, the UKs largest personal insolvency practice, found that 59% of Brits would wait over two years before…

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Yangtze River Port and Logistics Limited YRCW – Business Wire

BankruptcyBy Insolvency Advisory Accountants January 2, 2019

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRCW) from February 2, 2016 through December 5, 2018, inclusive (the Class Period). The lawsuit seeks to recover damages for Yangtze…

Indian small businesses wooed ahead of elections – Financial Times

RestructuringBy Insolvency Advisory Accountants January 2, 2019

Indian authorities are moving to roll out financial support measures for small businesses, including changes to rules on tax and debt restructuring ahead of a general election due in the next few months. Under new rules announced by the Reserve Bank of India this week, banks will be permitted to restructure distressed loans to small…

Cabinet approves restructuring of National Health Agency as National Health Authority – Business Standard

RestructuringBy Insolvency Advisory Accountants January 2, 2019

Aims for better implementation of Pradhan Mantri – Jan Arogya Yojana (PM-JAY) The Union Cabinet chaired by Prime Minister Narendra Modi has approved the restructuring of existing National Health Agency as “National Health Authority” for better implementation of Pradhan Mantri – Jan Arogya Yojana (PM-JAY). With this approval, the existing society “National Health Agency”…

New Data on Global Debt – International Monetary Fund

Debt HelpBy Insolvency Advisory Accountants January 2, 2019

January 2, 2019 Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom) Until recently, we had a partial view of global debt. Our new update to the IMFs Global Debt Database, first made public in May 2018, now fills even more of…

MSME Debt Worth Rs 10,000 Crore Could Be Restructured After RBI Blinks – BloombergQuint

RestructuringBy Insolvency Advisory Accountants January 2, 2019

Banks and non-bank lenders could restructure up to Rs 10,000 crore in loans to micro, small and medium enterprises without classifying them as bad debt, according to an estimate by rating agency ICRA. This, after the Reserve Bank of India gave in to demands for easier loan restructuring terms for small business. The one-time restructuring…

From pizzas to credit cards – how to encourage better consumer behaviour – The Australian Financial Review

Debt HelpBy Insolvency Advisory Accountants January 2, 2019

David Moloney, the founder of Internal Consulting Group and the head of its global financial services practice, says the changes being implemented fit with his analysis of the evolution of the financial system. He says the financial system is going through three eras: detriment reduction, competition and the betterment of society. He says the Hayne…

WEST OF SUNSHINE To Get US Release – HEAVY

GamblingBy Insolvency Advisory Accountants January 2, 2019

[embedded content] Uncorkd Entertainment is proud to announce the North American theatrical and digital release of the acclaimed Australian crime-dramaWest of Sunshine. A captivating social-realist story from debut feature filmmaker Jason Raftopoulos, the celebrated film hot from an outstanding response, complete with standing ovation, at the Venice Film Festival tells of a father who has…

Daily Archives: January 2, 2019