Lenders are racing to avoid a potentially long-drawn insolvency process as all such defaulting projects will proceed for liquidation after 26 August following a recent RBI circular. Photo: Mint Mumbai: Lenders to Indias stressed coal-based power projects are chasing one-time cash settlements to recover their long-pending loans even at a substantial cut on their dues.…
DetailsDamien Simonfi, CEO of DJ Partners, reveals how brokers can help their customers face debt head on Figures from the Australian Bureau of Agricultural and Resource Economics confirm that agriculture was the largest contributor to GDP growth between 2016 and 2017, contributing 0.5% of the 1.9% increase in Australias GDP. Further, gross production values reached…
DetailsThe U.S. Education Department is proposing changes to Obama-era rules that offer debt relief for students who were defrauded by their colleges. If you attended a school that misled you or engaged in misconduct, theres a government program called Borrower Defense to Repayment that helps get relief from your federal student loans. The rules that…
DetailsWith the recent news that Marks & Spencer, Debenhams and House of Fraser are to close stores across the UK amid heavy falls in profit, it has raised questions around what employees rights are when a business decides to restructure. Contributor Kirsten Cluer, HR Consultant and owner Cluer HR. House of Fraser, the most recent established…
DetailsNew London Ten years ago, on July 28, 2008, federal regulators arrived early in the morning at the tiny New London Security Federal Credit Union to close down the more than 70-year-old institution, only to find that someone apparently had broken in to the office overnight. “It looked like somebody had tried to get past the…
DetailsJonathan Ames, Legal Correspondent Kevin Cash with his wife, Carla, a former model. North Aston Hall is up for sale but it may be beyond the reach of creditorsVAGNER VIDAL/INS; NICK HARVEY/GETTY IMAGES A little more than a year ago, he had it all expensive houses, the trappings of luxurious living and a trophy wife. He…
Detailsexclusive A former banker from RBSs Global Restructuring Group is alleged to have demanded cash from customers in return for forbearance on their debtsPhilip Toscano/PA Allegations that a former Royal Bank of Scotland manager solicited bribes from small business owners in return for showing leniency towards their troubled companies are being investigated by police, The…
DetailsTabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
DetailsTabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
DetailsEnlarge this image Education Secretary Betsy DeVos is proposing new rules to the Borrower Defense program. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images The U.S. Education Department is proposing changes to Obama-era rules that offer debt relief for students who were defrauded by their colleges. If you attended a school that misled…
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