Post Views: 100 Consumers assess the pros and cons of debt consolidation and what methods are most helpful to the individual. Getting out of an ever-growing collection of debt helps the consumer approach their finances more responsibly. Unsecured debts are the most common accounts that present a serious problem for consumers. Shopping, traveling, and entertainment…
DetailsGo out there and spend. Dont worry about the build up of debt. You will be making a mistake if you remove support for your economies too soon. Thats the message from Kristalina Georgieva, the managing director of the International Monetary Fund, to finance ministers as they contemplate how to deal with the economic damage…
DetailsREINSTATEMENT OF WRONGFUL TRADING LIABILITY FOR UK DIRECTORS As part of its response to the crisis caused by the COVID-19 pandemic, the UK government suspended the liability of UK company directors for wrongful trading from 1 March 2020. Whilst the government protections for business tenants through relief from forfeiture of leases and winding up proceedings…
DetailsA bankrupt Sydney gym and construction entrepreneur previously involved in several collapsed companies is being chased by Brisbane tradespeople who claim they are owed thousands of dollars for work on an inner-city ‘fitness village’. Texture Creative and Wilson Emergency Lighting were this week owed a combined $31,000 for work completed for Fit Village at Paddington,…
DetailsMember Article BUSINESSES struggling to recover in the wake of the COVID-19 pandemic are opting for restructuring rather than redundancy. And a leading Sheffield financial expert is warning that the tough choice will see more companies closing their doors as the furlough scheme comes to an end and they may be facing forced closures and…
DetailsLONDON (Reuters) – Rich nations, development banks and private creditors need to ramp up support for poorer countries to prevent humanitarian crises and a lost decade of global growth, the prominent G30 group of former policymakers and academics said on Wednesday. How to support struggling countries is the most pressing issue being discussed during the…
DetailsA bankrupt Sydney gym and construction entrepreneur previously involved in several collapsed companies is being chased by Brisbane tradespeople who claim they are owed thousands of dollars for work on an inner-city ‘fitness village’. Texture Creative and Wilson Emergency Lighting were this week owed a combined $31,000 for work completed for Fit Village at Paddington,…
DetailsFinance chiefs from the Group of 20 major economies are expected to agree Wednesday to extend their debt relief for developing countries hobbled by the coronavirus pandemic, conference sources said. The G-20 finance ministers and central bank governors are holding a virtual meeting and will also likely endorse delaying a deal on new taxation rules…
DetailsG20 finance ministers and central bankers are set to hold talks Wednesday aimed at spurring global recovery from a coronavirus-triggered recession while considering a proposal to extend debt relief for crisis-hit poor countries. The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP…
DetailsThe revised default threshold of 1 crore for trigger of corporate insolvency applies prospectively from March 24 and not retrospectively, the National Company Law Appellate Tribunal (NCLAT) has ruled. This would mean that those applications before March 24 which had debt default of less than 1 crore, but over 1 lakh can be admitted for…
Details