Gamban MD exclusive: Players gambling with credit cards are gambling with debt – Gambling Insider – In-depth Analysis for the Gaming Industry

GamblingBy Insolvency Advisory AccountantsMay 30, 2019

Gamban Managing Director Daniel Umfleet shares his views exclusively with Gambling Insider on whether or not credit card gambling should remain legal in Great Britain. Last year, the Gambling Commission claimed nearly 20% of deposits on gambling sites were used through credit cards; do you think credit card gambling should still be allowed? Theres not…

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ALYI Alternet Systems Publishes Update On Management Restructuring To Trigger 1000% Revenue Growth – GlobeNewswire

RestructuringBy Insolvency Advisory AccountantsMay 30, 2019

DALLAS, May 30, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) (ALYI) today published a management update highlighting the companys management restructuring plan within a strategic partnership designed to trigger 1000% revenue growth. The company has recently announced a number of developments regarding major business developments to advance its…

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Pillar launches with $5.5M from Kleiner Perkins and others to tackle your student loan debt – TechCrunch

Debt HelpBy Insolvency Advisory AccountantsMay 30, 2019

A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt and even pay it off early. To do so, the app connects…

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A way out China is getting tough on those who fail to pay their debts – The Economist

BankruptcyBy Insolvency Advisory AccountantsMay 30, 2019

THE CASE of Mr Ke, a carpenter from the eastern city of Taizhou who fell deep into debt, may one day be noted in histories of Chinas financial evolution. On May 9th a local court announced that it had arranged for Mr Kes liabilities to be written off. This was made possible by what state…

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Telstra to expedite restructuring efforts | HRD Australia – Human Resources Director

RestructuringBy Insolvency Advisory AccountantsMay 30, 2019

Telecoms group Telstra is set to fast-track restructuring efforts six months earlier than originally planned. The company issued fresh guidance on its T22 program for downsizing the business. Telstra said it will push through with 6,000 of the 9,500 planned job cuts ahead of schedule, incurring $200m in costs as a result of the layoffs.…

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RCom creditors to meet today – Business Today

LiquidationBy Insolvency Advisory AccountantsMay 30, 2019

RCom is estimated to have a total debt of over Rs 45,000 crore, which includes exposure of public sector banks also. PTINew Delhi Last Updated:May 30, 2019 |08:49 IST New Delhi, May 29 (PTI) The committee of creditors of debt-ridden telecom firm Reliance Communications is scheduled to meet on Thursday, the company said in a…

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Is there Life After Debt for the Poor? | Cryptopolitan – Cryptopolitan

GamblingBy Insolvency Advisory AccountantsMay 30, 2019

Many people believe that getting rid of debt is so consuming that people feel devoid of purpose after finishing it off. When in fact, most of the poor population of our world, after settling debts, start to build on their newfound opportunities of being able to invest. Life after debt for the poor is full…

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Levy: Place MTA into receivership and start from scratch – Long Island Business News

BankruptcyBy Insolvency Advisory AccountantsMay 30, 2019

When it comes to outrageous pensions and overtime at the MTA and public entities, we find ourselves at a crossroad. Thanks to the Empire Center for Public Policys expose of a railroad worker soaking up $344,000 in overtime, the iron is suddenly hot for change. This is our chance to declare the MTA…

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Prestige Melbourne home builder Canny Builders goes into voluntary administration – Property Observer

LiquidationBy Insolvency Advisory AccountantsMay 30, 2019

Staff Reporter|29 May 2019 The prestige Melbourne home builder Canny Buildershas entered voluntary administration. Builder Damian Canny called in the accounting firm PKF last Friday with the administratorsGlenn FranklinandJason Stone assessing whether the business can be sold. PKF said it is already aware of a number of parties interested in the business…

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Irish central bank bond profit helps cut national debt – Reuters

Debt HelpBy Insolvency Advisory AccountantsMay 30, 2019

DUBLIN, May 29 (Reuters) – Bond sales linked to the resolution of Irelands banking crisis helped the central bank record a profit of 3 billion euros ($3.35 billion) last year, 2.4 billion of which has been paid to the state to help cut the national debt. The annual surplus paid to the state has risen…

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