The Central Bank of the UAE rolled out the National Loans Scheme to help Emiratis burdened by chronic debt repay their liabilities. The initiative, launched in conjunction with the UAE Banks Federation and national banks, will help applicants with multiple loans and credit card balances consolidate the debts into a single instalment. This initiative is…
DetailsA POPULAR toy store chain, with an outlet on the Sunshine Coast, will close stores over the next two weeks after its parent company announced it had gone into voluntary administration yesterday. Staff at Build-a-Bear Workshop were told of the devastating news during the week ahead of the final days of trade. A Facebook post…
DetailsEx-Corrie star Nikki Sanderson has started her own not-for-profit debt management firm an area of business her boyfriends parents were banned from. Her Financial Awareness Community Team claims it can make your financial worries go away. It offers to cut the cash clients owe by negotiating a fixed monthly fee with creditors. Proft-making debt management…
Details(Reuters) – Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday, sending shares of the U.S. home furnishing retail chain sharply lower. FILE PHOTO: The Pier 1 Imports store is seen in Broomfield, Colorado September…
DetailsCredit Agricole SA backed blockchain startup SETL has landed in troubled waters. The company recently appointed administrators to reorganize its business as noted in its corporate insolvency notice. Bloomberg reported that the company would be working with Quantuma LLP to reorganize its business. A Promising Start Leads Nowhere About two months ago, the startup appointed…
DetailsDeirdre Hipwell, Retail Editor Sir Philip Green is preparing to seek a Company Voluntary Arrangement and restructure his retail business empire with significant numbers of store closures and job lossesIsabel Infantes/PA Sir Philip Green is set to carry out a significant restructuring of his retail empire which could result in hundreds of job losses and…
DetailsSir Philip Green is edging closer to a radical restructuring of his Arcadia retail empire in a move that could result in significant stores closure and job losses. The retail billionaire and his advisers are understood to be in talks about entering a company voluntary arrangement (CVA), an insolvency process that would require the approval…
DetailsPursuant to an Order dated 13 March, 2019 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Tantia Constructions Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016.A copy of the said order has been received on 15.03.2019. Mr. Kshitiz Chhawchharia, Interim…
DetailsIf youre like many Americans with rising credit card balances, you may be looking for ways to get your debt under control. Debt consolidation loans are one option that can reduce your debt and help you pay it off sooner. Debt consolidation is the process of combining multiple debts such as credit cards, medical bills…
DetailsPHI Inc. was facing a deadline to pay back $500 million in unsecured notes. The helicopter company didnt have the money. So instead, the Louisiana-based firm declared bankruptcy late March 14, just minutes before the day the payment came due. The Louisiana-headquartered firm, which operates over 240 aircraft, is the latest helicopter company to declare…
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