Professor Peter Walton and Dr Lzelle Jacobs, University of Wolverhampton Executive summary Key New Findings Consistently with the Interim Report from June 2022, the Restructuring Plan continues to be seen as satisfying its policy objectives Latest evidence has revealed greater ambiguity regarding the Moratorium than was suggested by the findings of the Interim Report although…
DetailsGAMBLING on something as miniscule as a soccer game or backing a horse at the races could possibly lead to a detrimental addiction that spark some people to fall into a life of debt and depression. Ireland is regularly cited as the third-ranked country in the world in terms of gambling spend per head of…
DetailsStudent loan borrowers hold a collective $1.6 trillion in debt. While the debt, at one point, was a tool used to afford a college degree, many borrowers find it harder than previously expected to pay back the money. Student loan debt has become such an issue that the Biden Administration has been attempting to cancel…
DetailsWhen the history of gambling is discussed, the modern meccas immediately spring to mind, such as the glittering towers of Las Vegas or the luxe casinos of Macau. Yet while many of these places benefit from the industry, they did not invent it. Below, we discuss three places that contributed to the modern gambling scene…
DetailsWashington, DC: On December 16, 2022, Austria disbursed a 14.9 million grant (about US$15.8 million) for the International Monetary Funds (IMF) Heavily Indebted Poor Countries (HIPC) Initiative. This contribution will allow the IMF to provide debt relief to Somalia and Sudan once all the conditions under HIPC have been met. The HIPC Initiative was launched…
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DetailsA bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution professional for the Mumbai-based coaching firm. The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the companys operational creditor Connect Residuary to initiate…
DetailsFinTechDealsInvestment Landmark legal proceedings are underway to try and rescue Manchester FinTech GoodBox from administration. The move could save 4.5 million invested by the public purse and help to secure the future fundraising of thousands of charities. At a hearing at Leeds High Court scheduled for Wednesday, 21st December 2022, NGI Systems, a tech vendor…
DetailsMARTIN Lewis has issued a warning over three questions that anyone struggling with debt should ask themselves. The cost of living crisis has hit the wallets of millions of Brits, which could cause more of us to get into unwanted debt. 1 Martin Lewis has urged those in debt to consider three thingsCredit: Rex More…
DetailsNew EU regulations mean directors of financially stressed companies must have regard to the interests of creditors, writes Ian Barrett, Managing Director in KPMG’s Restructuring Team. Recently, there has been much commentary on the prospect of a large increase in company insolvency arising from the Covid-19 pandemic, along with an increasingly turbulent macroeconomic environment. The…
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