around 700,000 people struggling with problem debt to benefit from Breathing Space this year scheme will give those facing financial difficulties 60 days to get finances back on track without debts piling up, worrying letters or enforcement action people will also have access to professional debt advice, with stronger protections for people in mental health…
The White House Today the Biden-Harris Administration posted visitor logs from January 2021. The Biden-Harris Administration will be the first administration to post visitor logs from its first full year in office. Visitor log disclosures will occur on a monthly basis. This release was made in accordance with the reinstated policy to voluntarily disclose White…
Introduction Pension plans Financial leases Instalment sales with reservation of title Right to obtain a tax refund Witholdings in guarantee Introduction Article 192 of the Consolidated Text of the Bankruptcy Law (TRLC) introduces the concept of the ‘active mass’ of a bankruptcy, which constitutes all of the assets and rights integrated into the bankrupt’s assets…
Special Report Grant Suneson May 7, 2021 9:00 am Last Updated: May 7, 2021 12:19 pm Numerous American companies struggled to stay afloat throughout the COVID-19 pandemic, which reshaped daily life and rendered some types of businesses unable to function. Economists at the Federal Reserve estimated that 200,000 more businesses closed in 2020 as compared…
Clarke: Client and market reaction has been universally positive The former restructuring advisory and employer covenant business of KPMG has rebranded and launched as Interpath Advisory. The multidisciplinary practice was sold to H.I.G. Europe and Interpath’s managing directors in March. The retitled business formally launched this week. Interpath employer covenant team leader David Clarke said:…
Tomas Campos and Tushar Vaish co-founded Spinwheel in 2019 after Campos saw how student loan debt was affecting his sister, who graduated from college over a decade ago, and his niece, who graduated in 2019. Subscribe to the Crunchbase Daily When she graduated, we thought it was an awesome milestone, but she was distraught over…
The future for McWilliams Wines looks to be assured once again after being acquired by Calabria Family Wines, in a deal announced by KPMG and selling agent Colliers International. The sale, which is set to be complete by 30 April, will see the Griffith-based Calabria family take ownership of the McWilliams brands, intellectual property, and…
Robert Thomas Cree appeared at Newcastle Crown Court where he was jailed for 4 years and 10 months for two counts of fraudulent trading and one count of perverting the course of justice. The court heard that Robert Cree (41), from Newcastle Upon Tyne, ran a number of debt recovery companies: Monument Management Limited, Falcon…
In what has been called an extraordinary case, Valaris$7bn financial restructuring made sizeable waves this week, as firms including Kirkland & Ellis, Slaughter and May and Akin Gump steered it to a successful conclusion. The transaction sees offshore drilling service providerValaris emerge from Chapter 11 after the company filed in August 2020, eliminating $7.1bn of…
Large-scale proposals of any kind have been ruled out for a contentious section of the country’s second oldest national park, as South Australia’s Environment Minister narrowshis scope for the unused land. Key points: The former Belair Golf Course closed in 2018 and the land has been left in limbo since A draft master plan for…