Almost 60,000 people in financial difficulty have deferred property tax payments worth more than 7 million, according to the latest figures. Householders have delayed payment for numerous reasons including low income levels, current financial hardship, personal insolvency or as the personal representative of a deceased person. Social Democrats TD Catherine Murphy called on Minister for…
DetailsFaced with mounting foreign debt, some of which may have resulted from dubious loan agreements, the Maldives is looking at India for more budgetary support to help Male meet its development goals: Ahead of his meeting with Indian leaders on Monday, Maldives foreign minister Abdulla Shahid told TOI that Male was still trying to study…
DetailsBusinesses are sidestepping tax bills amounting to tens of millions of pounds using an insolvency procedure that the government is considering banning. That is the conclusion of an independent panel set up by the government to monitor the use of insolvency arrangements known as pre-packs. The Pre Pack Pool says some businesses have used the…
DetailsManaging your debt can be key to managing your finances properly. Whether you have multiple small loans or a number of credit card payments, youre forced to contend with many bills and payments on a monthly basis. This can get tiresome or even confusing over time. In such a situation, consolidating all your monthly payments…
DetailsBy Press Association Published: 18:32 AEDT, 25 November 2018 | Updated: 18:32 AEDT, 25 November 2018 The pre-Christmas sales are now in full swing and retailers are bombarding us with their so-called too good to miss offers. But now can also be a particularly dangerous time for people being tipped into debts by festive spending…
DetailsStill elusive The self imposed 100 days deadline almost over the PTI (Pakistan Tehreek-e-Insaf) led government is yet to get its act together. Especially on the economic front there is confusion worst confounded. The prime minister during the period has made quick dashes to Saudi Arabia, China, UAE and Malaysia ostensibly to get financial assistance…
DetailsIMF faces China debt dilemma as low income nations seek help The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and requests for help from Angola, Zambia and others are forcing the fund to confront a pressing question: how far is debt…
DetailsThe Kerala State Fishermen Debt Relief Commission (KSFDRC) will probe fishermens complaint that some banks are denying debt relief to them using questionable methods. KSFDRC Chairman P.S. Gopinathan, who was in the city for an adalat, said the banks were found adopting a renewal tactic, hoping it would help them surpass the commissions order for…
DetailsThe insolvency law has helped in directly and indirectly addressing stressed assets worth Rs 3 lakh crore in the last two years, a senior government official said on Saturday. More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC), which became fully operational in December 2016. Corporate Affairs Secretary Injeti…
DetailsSub.:- Appointment of Mr. Radhakrishnan Dharmarajan as Resolution Professional (RP) and Relieve of Mr. Gopalsamy Ganesh Babu as IRP We would like to inform you that Mr. Radhakrishnan Dharmarajan has been appointed as Resolution Professional (RP) and Mr. Gopalsamy Ganesh Babu has been relieved as IRP vide Order Passed by National Company Law Tribunal, Single…
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