An oppressive amount of debt can feel like a heavy weight on your shoulders. Every month the problem can seem to get worse as interest accrues and bills continue to fill the mailbox. And it can affect people in several ways: According to a study by the American Psychological Association in 2015, some 72% of…
West Australians are making more calls per capita to the National Debt Helpline than residents in any other state, as the legacy of a mining construction and housing downturn continues to bite. Key points: The WA branch of the helpline received on average 7080 calls per day last month 30 per cent of calls…
What The Directors Want The directors sought that the CoCs decision to back ArcelorMittal India Pvt. Ltd.s bid should be quashed and set aside. They also asked the NCLT to direct the resolution professional and the CoC to provide them with all documents necessary for deliberations and discussions during meetings. But most importantly, the directors…
Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 7th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on January 30, 2019 to…
The inter-se claims by parties over assets of the corporate debtor cannot be determined by the Adjudicating Authority under the Insolvency and Bankruptcy Code, held the National Company Law Appellate Tribunal. The NCLAT was dealing with appeals by two companies, who contended that the Resolution Professional had wrongly treated the articles handed over by them…
Eden Road Wines is being pulled from voluntary administration. Creditors (those owed money) agreed on Friday to accept an offer from shareholders that will allow the winery to remain open while the debt of $3,457,711 is paid. Up until the previous Friday, January 25, a sale of the winery was on the cards in order…
With the reference to the above captioned subject, we hereby inform you that 16th meeting of the Committee of Creditors (CoC) will be held on Wednesday, February 06, 2019 at 11:00 am, at the State Bank of India, Stressed Assets Management Branch-II, Raheja Chambers, 1st Floor, B Wing, Free Press Journal Marg, Nariman Point, Mumbai-…
Three brothers, who stole 3m in a tax scam involving pubs and restaurants, have been jailed and banned from being directors for 28 years. Bournemouth brothers Shahab Hashtroudi, 64, Shahin Hashtroudi, 58 and Hedayat Hashtroudi, 68, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop up their loss-making business empire…
STRUGGLING with debt and feeling stuck? Steve Blofield knows the feeling after having to drop out of school in Paulsgrove at the age of 15 to help pay off his mothers debts. The 54-year-old said: Some of my earliest memories are of my mother getting me to answer the door to bill collectors to make…
The 73-year-old and his partner Ria have been living in poverty in southeastern Bulgaria for the last two months, only to receive help after his story grabbed huge attention in the Netherlands following a TV documentary shown last Sunday. They survived the freezing conditions in a broken-down van, lacking electricity, water and sanitary facilities, and…