The Personal Insolvency Act can be used by farmers to restructure debt and retain the family home and land. But many farmers are not aware of these mechanisms available to them, that were established by the Personal Insolvency Act 2012. Its a game-changer, says personal insolvency practitioner (PIP) Gary Digney, who addressed the recent Irish…
DetailsFaced with the prospect of dramatic rise in stressed assets of public sector banks (PSBs), about which the RBI warned in its recent report, the government is setting up yet another resolution mechanism. It proposes a bad bank under the ARC (Asset Reconstruction Company) and AMC (Asset Management Company) model in which ARC will aggregate…
DetailsA company with close links to John Delaney, and which has been the subject of inquiries by the Office of the Director of Corporate Enforcement (ODCE), is being wound up. John Flynn and Tom Finnan, directors and joint owners of Pillarview, are friends of Delaney, former chief executive of the Football Association of Ireland (FAI).…
DetailsIn the centre of Florence, near the Uffizi gallery and Cathedral of Santa Maria in Fiore, Pasquale Naccari has serious doubts about whether the seafood and pizza restaurant his family has run for more than 50 years can survive much longer. We are in a desperate situation, said Mr Naccari. My bank account balance is…
DetailsPublished on :06 Feb, 2021 , 11:47 am The Delhi High Court has issued notice in a petition by India Leprosy Foundation, a public Charitable Trust, against the initiation of insolvency proceedings against Dewan Housing Finance Corporation Limited (DHFL) [India Leprosy Foundation vs RBI]. A Bench of Chief Justice DN Patel and Justice Jyoti Singh…
DetailsA 48-year-old man who got involved in cocaine-dealing because of big gambling debts and serious pressure to make repayments has been given a five-year suspended jail term. Judge Sen Donnabhin said he had serious doubts about imposing a fully suspended sentence in the case against James Cregan of 49 Palmbury Orchard, Togher, Cork, but on…
DetailsLeading Democrats are backing a proposed bill to legalize sports betting and online gambling with plans to fund Connecticuts debt-free community college program through iLottery revenue. In 2019, the state established the Pledge to Advance Connecticut, or PACT, program to cover the leftover costs of attending one of the states community colleges after students received…
DetailsWASHINGTON President Joe Biden is considering taking executive action to provide federal student loan debt relief to borrowers nationwide as he continues to call on Congress to take action amid the ongoing coronavirus pandemic. >> Read more trending news In a post published Thursday on Twitter, White House press secretary Jen Psaki said members of…
DetailsSUDBURY Laurentian University filed for creditor protection on February 1, citing years of operational deficits alongside decreasing enrolment and increased expenses due to the pandemic. As a result of recurring operational deficits in the millions of dollars, Laurentians factum says, LU is experiencing a liquidity crisis and is insolvent. Court documents indicate that the university…
Detailsarticle If youre considering debt consolidation or debt settlement, be sure you understand the differences between these similar-sounding options. (iStock) Debt can keep you up at night especially when you owe multiple creditors. If you have credit card debt, medical billsand outstanding loans, staying on top of monthly payments can be overwhelming. If youre interested…
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