Thanakorn Komkris, secretary of the Stop Gambling Foundation (SGF). Photo: Thai Health Promotion Foundation Tik Kanitsarin — a well-known TV personality and participant of Big Brother in 2006 — accumulated great debts after stepping into the world of online gambling, a habit that has turned her life upside down. Tik became addicted to baccarat, a…
Borrowers in mortgage arrears to gain vital court protection Published 5 October 2020 Helen McEntee Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain vital court protection under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the short but urgent Personal…
NEW YORK (PRWEB) October 05, 2020 Morrison & Foerster, a leading global law firm, is pleased to announce that Theresa Foudy has joined the firm as a partner in its Business Restructuring + Insolvency Group (BRIG) in New York. Recognized as one of the leading bankruptcy litigators in the United States, Ms. Foudys arrival further…
The diocese of Camden in New Jersey has become the second diocese in the United States to file for bankruptcy last week. Bishop Dennis Sullivan of Camden announced the decision on Oct 1 and said new abuse lawsuits and the $8 million in payouts had forced the diocese to file for bankruptcy. I take some…
Borrowers in mortgage arrears to gain vital court protection Published 5 October 2020 Helen McEntee Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain vital court protection under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the short but urgent Personal…
With individual insolvency now identified as IBBIs next big reform area, the insolvency regulator has decided to appoint an external institution or an agency for undertaking a research study on individual indebtedness and insolvency. This external agency once selected by IBBI will have a maximum of one year to complete the research report. Insolvency and…
Economy State moves to seize SK Macharia assets in bankruptcy order Monday October 05 2020 Businessman SK Macharia. FILE PHOTO | NMG By OTIATO GUGUYUMore by this Author Summary The High Court in 2001 ordered Mr Macharia to repay the debt with an annual interest of 19 per cent that is compounded monthly from December…
2020 has seen tens of thousands of jobs and companies on the brink of collapse. In response to a wave of insolvencies expected at the end of the year, the Federal Government has announced a new set of insolvency laws to help small businesses either restructure or fold. 2020 has seen tens of thousands of…
Khao San Road businesses were forced to close because of the Covid-19 pandemic, which damaged the business environment nationwide.Apichart Jinakul Fears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt…