By Reuters Published: 00:12 +11:00, 6 October 2016 | Updated: 00:12 +11:00, 6 October 2016 e-mail By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s bankruptcy problem and help banks recoup bad loans.…
Wednesday, October 5, 2016 The top of the ten biggest companies in insolvency between 2011 2015 is led by the electricity producer Hidroelectrica, followed by the Roment industrial group and the chemical unit Oltchim, says Ziarul Financiar. Out of the ten companies in the top, three are already bankrupt and one is written out so…
Oct 5, 2016- Hundreds of Nepal-bound containers have been stuck at ports all over after shipping line Hanjin Shipping declared bankruptcy. Almost 20 percent of the goods imported by Nepali traders are carried by Hanjin. Rajan Sharma, former president of the Nepal Freight Forwarders Association, said that around 400 containers had been stranded at various…
The law on personal insolvency will come into force in Romania at the end of this month, and not on December 31, as the Government had initially decided. The Chamber of Deputies passed the bill yesterday. The project needs to be sent to president Klaus Iohannis for promulgation. The law on personal insolvency was adopted…
The struggle is real. Photo: Staan Honda/AFP/Getty Images Every day, predictions about the restaurant industry careening toward massive recession look more and more like reality. Last week, it was flatbread-sandwich purveyor Così that declared bankruptcy; this week, its Garden Fresh, the company that runs the nations 123 Souplantation and Sweet Tomatoes restaurants. At least 11…
Baku, Azerbaijan, Oct. 4 By Anvar Mammadov Trend: Azerbaijans Zaminbank OJSC has been declared bankrupt, said Azad Javadov, executive director of the Azerbaijan Deposit Insurance Fund (ADIF). Javadov made the remarks Oct. 4 at a press conference in Baku. We completed the assessment of Zaminbanks assets and were forced to appeal to a court for…
Details added (first version posted on 12:26) Baku, Azerbaijan, Oct. 4 By Anvar Mammadov Trend: Azerbaijans Zaminbank OJSC has been declared bankrupt, said Azad Javadov, executive director of the Azerbaijan Deposit Insurance Fund (ADIF). Javadov made the remarks Oct. 4 at a press conference in Baku. We completed the assessment of Zaminbanks assets and were…
What is Abhaile? It is the latest Government plan to tackle the problem of mortgage arrears. This new national service marks a departure in State assistance by providing free, independent expert advice and support on financial and legal issues and its number one objective is helping people stay in their home wherever possible. It will…
Around 15m is being spent on the service, to be known as Abhaile the Irish for home. It offers financial and legal advice and will be free for those who are eligible. To qualify for the scheme, the mortgage holder must be in arrears and insolvent. People can apply for the scheme through the Money…
OUR children and young people are growing up in a world where they will one day have to make difficult financial decisions. With more financial products and ways to spend money than ever before, these decisions have become increasingly complex. Citizens Advice found the average user of financially risky products such as payday loans, which…