The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition against Gujarat-based Essar Steel India Ltd., which has a total debt of more than Rs. 45,000 crore, out of which more than Rs. 32,000 crore had turned into Non Performing Assets (NPA). The NCLTs order paves the way for…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
Stock picture 8,000 secured approval for mortgage but couldn’t find a home to buy Independent.ie A big gap has opened up between the numbers getting approved to take out a mortgage and those who end up drawing one down. http://www.independent.ie/business/personal-finance/property-mortgages/8000-secured-approval-for-mortgage-but-couldnt-find-a-home-to-buy-35995718.html http://www.independent.ie/incoming/article35941093.ece/81868/AUTOCROP/h342/page17_property.jpg Email A big gap has opened up between the numbers getting approved to take…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
Maurice Blackburn call on 7-Eleven to guarantee compensation to exploited workers 7-Eleven Maurice Blackburn employment principal Giri Sivaraman. 7-Eleven has attracted scorn over its behaviour. Photo: Paul Jeffers Protesters from the Young Workers Centre pin signs to the windows of a 7-Eleven store. Photo: Paul Jeffers exit Employment law firm Maurice Blackburn has urged…
The number of struggling homeowners seeking debt solutions soared by 123 per cent to 1,082 in the second quarter, figures show. The Insolvency Service of Ireland (ISI) reported the dramatic increase in the number of mortgage holders applying for personal insolvency arrangements (PIAs). PIAs are specifically designed to help struggling mortgage holders. In total, the…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
NEW DELHI | MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI) is looking into a complaint that some professional service firms were acting as insolvency resolution professionals (IRPs) to help banks manage and restructure insolvent companies. Under law, professional entities can’t enrol themselves as an insolvency professional or become a member of another agency…
A curious issue of whether a company can register itself as a resolution professional and raise the main bills for the services, so granted, has cropped up in the nascent discipline of insolvency. The issue stirred a debate after an insolvency professional registered a complaint with the sector regulator against a…
Dov Charney refuses to disappear. In a recent interview with Bloomberg, the disgraced CEO of American Apparel, whose famously skeezy behaviour saw him ousted from his business two years ago, unveiled a thriving new venture a wholesale basics company called, you guessed it, Los Angeles Apparel. “It still is a nail-biter,” says Charney, who has re-hired…