A Donegal county councillor has told a court he is facing bankruptcy as a result of failed business dealings and does not have money to pay compensation to a woman he drove over 16 years ago. Independent Cllr John ODonnell was at the centre of controversy last December when he featured on an RTÉ Investigates…
With more than half of American consumers classified as having subprime credit scores,1 it is no surprise that subprime lending is once again on the rise. Making expensive loans to the underemployed and overextended may help fuel economic growth2; however, it is neither just nor sustainable. Dependence on higher-risk subprime loans to boost spending seems…
In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: covenant banking. The authors suggestion of binding bankers to contracts that encourage accountability…
Dr Banchong Mahaisavariya, vice president of Mahidol University, speaks of the controversial scholarship defaulter at a press conference at the university in Nakhon Pathom province on Tuesday. (Photo by Chanat Katanyu) Related Stories Mahidol University will try to have a former lecturer who defaulted on a 10-million-baht state scholarship in the US declared bankrupt in…
February 02, 2016, 14:12, (Property Xpress) – Vesta company filed an insolvency request with the Moscow Arbitration Court against Eastward Capital at the en … This article contains 322 words. The rest of this article is for Property Xpress users, subscribed to the Russian market only. Please sign in using the login form in the…
.@ArchCoals management hopes to use bankruptcy protection to shed $4.5 billion in debt. In case you somehow missed the news, Arch Coal, North Americas second largest coal company, filed for bankruptcy a few weeks back. Archs management hopes to use bankruptcy protection to shed $4.5 billion in debtmoney that Arch borrowed from investors near the peak of the coal…
Dr Banchong Mahaisavariya, vice president of Mahidol University, speaks of the controversial scholarship defaulter at a press conference at the university in Nakhon Pathom province on Tuesday. (Photo by Chanat Katanyu) Related Stories Mahidol University will try to have a former lecturer who defaulted on a 10-million-baht state scholarship in the US declared bankrupt in…
Back February 1, 2016 by norman lebrecht The Commons Public Administration and Constitutional Affairs Committee spares no one in its report on the collapse of Kids Company: Camila Batmanghelidjh, the trustees, government ministers, the auditors and regulators. However, the heaviest criticism is for the charity trustees led by the BBCs Alan Yentob. Yentob is described…
The number of people whose financial situation was so bad that they became insolvent in 2015 is expected to be at its lowest levels in a decade in official figures released on Friday. Creditor services firm RSM predicts that across England and Wales, the Insolvency Service’s figures will show there were around 80,000 personal insolvencies…
12:07 29 January 2016 The number of companies going insolvent in England and Wales fell last year to its lowest level since 1989. Photo: Chris Radburn/PA Wire Company insolvencies across England and Wales fell last year to the lowest level in more than a quarter of a century, according to figures released today. Share link……