Experts say there are a few good ways to get out of credit card debt if you’re overwhelmed by what you owe. Getty Images Credit cards have never been a cheap way to finance purchases, but thanks to the Federal Reserve’s recent moves, today’s consumers are seeing the highest rates in decades. The Fed started…
DetailsBERLIN — Germany’s only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the company aims to keep most of its stores open, its insolvency administrator said Wednesday. Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. private…
DetailsHighlights Former Manchester United defender Wes Brown has spoken out for the first time since being declared bankrupt. The 44-year-old was declared bankrupt last year after HMRC filed a bankruptcy petition against the ex-England international. Brown has revealed that he didn’t have the ‘right people’ to guide him during his younger years. Former Manchester United…
DetailsBERLIN Germanys only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the company aims to keep most of its stores open, its insolvency administrator said Wednesday. Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. private equity…
DetailsAlibaba founder Jack Ma is giving his e-commerce company and its executives some much-needed praise. Just over a year ago, the Chinese tech giant announced an ambitious restructuring planonly to hit stumbles due to new domestic competition, a management reshuffle, and geopolitical rivalry. But on Wednesday, Ma took to Alibabas internal forums to express strong support…
DetailsTulip Hotels was a corporate guarantor for two loans disbursed by Yes Bank to Cox & Kings and EzeeGo One Travel and Tours Ltd. Photo: Wikipedia The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings…
DetailsTopline Alibaba cofounder Jack Ma endorsed the Chinese giants sweeping restructuring efforts and praised company leadership in a memo to employees, according to news reports, prompting a surge in shares and marking a rare return to the spotlight for the billionaire after spending years lying low in the wake of a dramatic clash with Beijing.…
DetailsThe Dutch banks will not help the cabinet to impose a limit the amount of money people can spend online gambling because of privacy concerns, banking association NVB has said ahead of talks with the justice ministry later this week. Legal protection minister Franc Weerwind had asked banks to intervene in cases of excessive spending…
DetailsAustralias Grand Ridge Brewing Company has gone into administration after 35 years in the business and establishing a loyal following. The well-known independent family-owned craft brewery, which was established in the 1980s and based in the Strzelecki Ranges, Victorias Gippsland region, said it called in administrators with a view to selling up. In a local…
DetailsMidlands-based professional services firm PKF Smith Cooper has acquired insolvency boutique BLB Advisory. The move comes as the former continues to execute regional expansion plans, adding eight new experts to its team in the process. Dean Nelson, head of business recovery and restructuring at PKF Smith Cooper, commented, Acquiring BLB Advisory Limited has strengthened our renowned…
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