Jakarta. Flow, an AI-enabled ethical credit management company, seeks to empower Indonesian borrowers to better manage their debt with a new self-service portal, dubbedFlowCares. Indonesia is home to one of the worlds most unbanked populations, especially in rural areas. Its financial literacy is also of great concern. A 2019 nationwide survey by the Financial Services…
DetailsMUMBAI: The Insolvency and Bankruptcy Board of India (IBBI) has proposed major changes in the insolvency process to bring more discipline and transparency and to address issues that have come up in recent cases.The IBBI, which regulates both insolvency professionals and the process, has sought public views on amendments by September 17.A key development is…
DetailsBy Davide Barbuscia 2 Min Read DUBAI (Reuters) – Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt, documents seen by Reuters showed – its third restructuring in a decade. FILE PHOTO: A general view of the Burj Khalifa and the downtown skyline in…
DetailsHugh Fearnley-Whittingstalls television production company has collapsed, leaving behind millions of pounds of debts. The River Cottage chef co-founded the award-winning KEO Films in 1995, which has made popular programmes such as Hughs War on Waste and Easy Ways to Live Well. The company describes itself as having a strong ethical brand reputation and has…
DetailsNHL star Evander Kane was granted a temporary restraining order against his estranged wife after accusing her of punching him in the face multiple times and, in one instance, swinging their baby daughter around during a heated argument, according to court documents. The court filings, which were reported by TMZ on Saturday, mark the latest…
DetailsA general view of the Burj Khalifa and the downtown skyline in Dubai, United Arab Emirates, June 12, 2021. Picture taken June 12, 2021. REUTERS/Christopher Pike DUBAI, Aug 29 (Reuters) – Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt, documents seen by Reuters…
DetailsJEN and Travis Smith decided to get out of the red as they got engaged – and they now live debt-free thanks to no-spend challenges. The married duo, aged 32 and 34, had a combined $78,000 in debt in 2015, which included $74,000 worth of student loans and $4,000 in a car loan. 2 Travis…
DetailsContents1 Read More2 Related Articles3 Read More4 Related Articles Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West. Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen. Related Articles…
DetailsGLENN JEFFREY/Stuff Quinn Lewis Moore robbed the Big Barrel liquor store in Waiwhakaiho, New Plymouth, on December 27. On his way home after losing a large quantity of money on the pokie machines, a meth-addicted man with a $2000 drug debt to pay stopped at a Taranaki liquor store and robbed it at knifepoint. With…
DetailsInsolvency regulator IBBI has come up with a discussion paper on Code of Conduct for the Committee of Creditors (CoC), which is the custodian of public trust during resolution process. The proposed Code of Conduct, which establishes broad principles that can be applied to every situation, is expected to elevate accountability and responsibility of Committee…
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