The Debenhams department store chain is to be wound down after Christmas, with the loss of up to 12,000 jobs and closure of 124 stores in a new blow to the high street. The liquidation of the 240-year-old business came just a day after Philip Greens Arcadia group, the owner of brands including Topshop, Miss…
DetailsA North Shore butcher was sentenced Monday to a year in federal prison for running an illegal sports bookmaking operation that raked in millions of dollars that he used to fund real estate investments, car purchases and his familys popular wrestling gym. Domenic Poeta, 63, who for years has run Poetas Italian Food Mart in…
DetailsTuesday, 1 December 2020, 6:22 amPress Release: Business NZ BusinessNZ says a 10-month extension of rules allowing businesses to put their debt on hold will give confidence to companies and their employees. The Government introduced the debt hibernation scheme earlier this year as part of relief measures aimed at cushioning the economic impacts of the…
DetailsGetty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million…
DetailsOur Business Restructuring special report, published in The Times, explores how to avoid short-term cuts and long-term losses, new ways retail brands are thriving, the pivot of sales teams during a pandemic, and more. The featured infographic looks at the near-term outlook for chief financial officers and what measures they are taking to shore up…
DetailsThe Government has today announced the extension of the business debt relief through to October 2021 for those business affected by the Covid-19 pandemic. Your playlist will load after this ad The Government announced the extension this morning. Source: 1 NEWS In April, the Government announced a raft of new measures to provide relief for…
DetailsPost Views: 116 Life is harder when you have a lot of debt. Its even more challenging when you have bad credit. These two things together are going to limit how you live your life. Fortunately, there are options for people in this situation. Heres what to do after debt consolidation with bad credit. Stick…
DetailsAny change to the order of payments on insolvency inevitably has consequences on the outcomes for creditors, and is therefore likely to drive changes in behaviour. While some of those changes would have been obvious and anticipated by the legislature, others risk undermining some of the stability that has been brought about by initiatives taken…
DetailsIndia may settle for a pre-packaged insolvency regime which is NCLT-facilitated and not entirely outside of the courts purview, said Sudhaker Shukla, whole-time member, IBBI. This is unlike the process in advanced jurisdictions like the UK, where the pre-packs are outside the court process. A pre-packaged insolvency is an agreement between secured creditors and investors…
DetailsBy Reuters Staff 2 Min Read DUBAI (Reuters) – Dubai builder Arabtec Holding said on Monday it will go ahead with its earlier plan to file for bankruptcy and liquidation after shareholders did not agree for the company to continue its existing business and seek restructuring. The statement came after a shareholder meeting earlier on…
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