Danish Insurer Qudos Ceases Underwriting, Pending Restructuring – Insurance Journal

Restructuring

Article 0 Comments Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project will continue in conjunction with leading legacy specialists. The insurance market, particularly…

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The Mortgage Professor: Debt consolidation during a period of rising interest rates – PostBulletin.com

Debt Help

Debt consolidation is the conversion of high-rate debt into lower-rate debt in order to reduce total interest costs. Homeowners with large amounts of credit card debt who have unused borrowing power on their home have a consolidation option. Whether or not it is in the homeowners long-run interest to exercise the option, however, turns out…

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Shilpi Cable Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency … – The Hindu BusinessLine

Bankruptcy

Shilpi Cable Technologies Limited informed the exchanges that the resolution plan submitted by the resolution applicant was put up for the approval of the committee of creditors (CoC) in the Fifteenth CoC Meeting of Shilpi Cable Technologies Limited, in accordance with the Insolvency and Bankruptcy Code, 2016 and the rules and regulations framed thereunder. On…

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Deal struck to save Max Brenner – Australian Hospitality Magazine

Restructuring

Max Brenner has been saved at the last minute by Australian investment office Tozer & Co. The dessert chains future was thrown into question earlier this month when it entered voluntary administration. It was then announced that 20 of the brands 37 Australian stores would be closed. Advertisement However, appointed liquidators BDO Australiaissued a statement…

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The first Romanian insolvency company to expand to Europe: Casa de Insolventa Transilvania opens an office in Cyprus – Business Review

Bankruptcy

Casa de Insolventa Transilvania, one of the biggest insolvency management firms in Romania, will open its first office outside the country in Cyprus, an emerging market where the insolvency practitioner profession only started to be officially recognized 2 years ago. The European insolvency market needs a complex multidisciplinary approach and the integrated product that the…

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Gardner bill would let employers help pay student loan debt – KOAA.com Colorado Springs and Pueblo News

Debt Help

[embedded content] COLORADO SPRINGS Walking across the stage, receiving a diploma and finishing college for many, its supposed to signify the end of years of education and the beginning of a professional life. Theres just one problem: student loan debt. We have a big problem. Student loan debt is now about $1.5 trillion in the…

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