The Danish Financial Supervisory Authority (DFSA) has announced that Gefion has been declared bankrupt. Although there are no remaining live policies in the UK, claims may still be made against Gefion policies, and a number of previously-submitted claims currently remain unsettled, the UK regulator Financial Conduct Authority said in a statement on 7 June. Related…
DetailsCrown Melbourne has been accused of predatory behaviour after a royal commission revealed it allowed a high-roller with a $100,000 gambling debt to keep playing. The man exchanged a $100,000 cheque for chips at the Southbank casino in May 2016. He was a high-stakes roulette enthusiast who usually bet about $4000 per spin and once…
DetailsThe debt relief initiative from the U.S. Department of Agriculture (USDA) will provide assistance for many socially disadvantaged farmers in California. Assistant Secretary for Administration at USDA, Osker Gonzales talked to AgNet West about some of the details of the program. The initiative is expected to provide assistance to hundreds of California farmers. Gonzales said…
DetailsDo you face problems when it comes to managing your debt? Or are you struggling with massive debt that you don’t think you will be able to clear in the future? If so, then it’s better to go for debt relief options. A debt relief program is ideal for people who are getting into debt…
DetailsCHARLESTON In Coles County, you can find evidence of rich history right outside your door. Sometimes, it even shows up at your door unannounced. Thats what happened to Donna Stewart, a Coles County Genealogical Society officer and Mound Cemetery office manager. So I think it’s probably been down in the dirt probably facedown for many…
DetailsDanish insurer Gefion Insurance A/S has been declared bankrupt by Denmarks Maritime and Commercial High Court. The curators of the bankruptcy estate, attorney-at-law Boris Frederiksen and attorney-at-law Sren Aamann Jensen, will contact all policyholders in Gefion to inform and guide them on how to act, said the Danish Financial Supervisory Authority (DFSA), which has also…
DetailsFarmers of color are set to get unprecedented help this month. The U.S. Department of Agriculture plans $4 billion in debt relief as part of the latest pandemic stimulus package. The debt relief is designed to address a well-established history of discrimination against Black, Indigenous and other farmers of color. Studies going back to the…
DetailsAs part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive. The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in…
DetailsAuthor: Toshiro Nishizawa, University of Tokyo The G20 recently extended its Debt Service Suspension Initiative (DSSI) for the rest of 2021, reflecting the severity of liquidity shortages facing the worlds poorest countries due to the COVID-19 pandemic. But it is only a temporary measure. A Common Framework for Debt Treatments beyond the DSSI endorsed by…
DetailsMUMBAI : Financial creditors may realise 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of…
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