Scores of debt-ridden young people in Surrey are declaring themselves insolvent before they reach their mid-20s and a debt adviser who works in Redhill has explained why. New data shows a total of 1,413 people in Surrey either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to…
DetailsOkay this aint sexy, but it could be the most important thing you read this year. Did you know that Australian household debt compared to our GDP is sitting at 120 percent and is one of the highest in the world? To watch Bricks and Slaughter in full, and for more on 60 Minutes, head…
Details17 September 2018 German yacht builder saved from administration by private equity fund. German yacht builder Bavaria Yachtbau has been bought out of administration by a private equity fund based in Berlin. The manufacturer went into voluntary administration earlier this year and has since been looking for new backers. In a statement released on the…
DetailsSommer & Staff Constructions has announced that it has appointed Trent Hancock of PKF Chartered Accountants as Voluntary Administrator. The Administration of Sommer & Staff Constructions is due to the suspension of its builders licence as a result of experiencing difficulties on a building contract in the West End of Brisbane where sub-contractors are owed…
DetailsIt’s important to save for retirement. But when you have a big load of student loan debt hanging over you, it’s hard to find the cash both to make your loan payments and to contribute to a retirement plan. That’s why one employer is looking at a novel way to help employees build up retirement…
DetailsCo-founder of iCare Housing Stephen Curtis Curtis leaving IMHO for new Home for Life role Independent.ie Co-founder of iCare Housing and well-known consumer finance advocate Stephen Curtis is to leave the non-for-profit organisation to join recently launched mortgage-to-rent (MTR) provider Home For Life. https://www.independent.ie/business/personal-finance/curtis-leaving-imho-for-new-home-for-life-role-37319980.html https://www.independent.ie/incoming/article37320106.ece/b2941/AUTOCROP/h342/Untitled%205.jpg Email Co-founder of iCare Housing and well-known consumer finance advocate…
DetailsAdani Ports, Indias largest private sector port operator, and Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai are likely to bid for Dighi Port, which was declared bankrupt by the National Company Law Tribunal (NCLT) in April, according to two people aware of the matter. A subsidiary of South Korean steel giant Posco is also…
DetailsSometimes I feel as though I want to say a little prayer for the Archbishop of Canterbury, Justin Welby. His understandable anger and frustrations at the burning injustices of our times seem to have turned the mind of this priest a little too turbulent. Having helped put it out of business, just as he threatened,…
DetailsBy Express News Service BHUBANESWAR: The regulatory authority is making all arrangements for implementation of individual insolvency norms in the country as soon as possible, said Insolvency and Bankruptcy Board of India (IBBI) chairman, MS Sahoo. Speaking at a national conference organised by Indian Chamber of Commerce (ICC) on Insolvency and Bankruptcy Reforms: Code Demystified…
DetailsA decade after Lehman Brothers collapsed, the courts are still working on remnants of the largest bankruptcy in U.S. history as the municipal bond industry continues to feel the effects. For the muni market, Lehman was a domino, said Nicholas Venditti, managing director at Thornburg Investment Management. In and of itself, Lehman wasnt a huge…
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