Many policymakers have used safeguarding tools to protect funds against loss of value and illiquidity risk, but the rules may not provide sufficient safety in practice. For example, many common law countries require mobile money firms to store funds in a trust. A trust structure aims to ensure funds provided by customers are unreachable by…
DetailsPresident Joe Biden touted a new pathway for debt relief that kicked into gear Wednesday for 153,000 student loan borrowers, calling it a ticket to “chase dreams” in a speech in Culver City, California, and highlighting a key part of his 2024 campaign strategy. “Folks, I’m happy to have been able to forgive these loans…
DetailsLynda Carter was a director and the majority shareholder of All Sign Solutions Ltd, based in Margate. The Insolvency Service report into her conduct found that she had applied for a second BBL of 20,000 when she knew or should have known that the company was not entitled to the money. She had previously applied…
DetailsDocuments reveal the popular late-night haunt failed to pay employees superannuation, suppliers invoices and more. Newtown Oporto is expected to reopen as soon as possible, after more than $758,000 of unpaid tax, superannuation and more led its former franchisee to close the store and collapse into liquidation on Friday. The fast food franchise, owned by…
DetailsOn Wednesday, February 21, it was announced that The Office star Ewen MacIntosh had died following a long health battle. Since the news of his death, the 50-year-olds last social media post has emerged. Ewen, who was well-known for playing Keith in the British sitcom, had reposted a tweet on his account in April 2022.…
DetailsOne-hundred-and-four years old Bridge And Roof Company, a miniratna company under the Ministry of Heavy Industries, has escaped insolvency proceedings after the Appellate Tribunal set aside NCLT Kolkata Benchs order admitting the CIRP against the central public sector enterprise. The National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunals order after…
DetailsThe Body Shop India on Wednesday said that recent announcement on plans to restructure the UK business will not have an impact on the India business and all its stores will operate as usual. India operations of the brand are run by the franchise partner, Quest Retail, and the administration process relates to the Body…
DetailsWhile gambling is a fun pastime worldwide, a significant percentage of participants end up with a gambling problem. Poor habits can result in mental and financial health problems, with some people unable to give up the activity despite suffering negative impacts. According to the United Kingdom Gambling Commission, about 200,000 gamblers in the UK alone…
DetailsBest Debt Relief Companies of February 2024 Expand Best Debt Relief Companies of February 2024 Our Top Picks National Debt Relief CuraDebt Accredited Debt Relief New Era Debt Solutions Freedom Debt Relief Money Management International Pacific Debt Relief Apprisen See More (5) Our Expert Recommendations Compare the Best Debt Relief Companies What Is Debt Relief?…
DetailsCHICAGO (February 20, 2024) – Seyfarth Shaw LLP announced today that James M. Sullivan, an experienced corporate restructuring and bankruptcy lawyer, has joined the firm as partner in its corporate department and a member of the newly formed Restructuring & Insolvency practice. Sullivans addition continues the growth of the firms New York office, which has grown…
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