Stoke-on-Trent has been identified as the debt capital of England and Wales, according to new official figures. The Midlands city had the highest rate of personal insolvencies in 2017, followed by Plymouth, Hull and Scarborough. The former industrial centre famous for its potteries and pinpointed as a Brexit heartland, recorded an insolvency rate of 44.8…
DetailsHAUPPAUGE, N.Y.–(BUSINESS WIRE)–Vicon Industries, Inc. (OTCQB: VCON) today announced that the company is implementing a restructuring plan to improve the overall operating efficiency and performance of its business. These efforts are aimed to position the company for long term growth and profitability. The Company is taking several steps including reducing overhead expenses, consolidating operations, and…
DetailsROHNERT PARK, Calif., July 13, 2018 /PRNewswire/ — It’s a fantasy many student loan borrowers will not allow themselves the joy of entertaining: waking up one day to find that their student loan is gone, canceled, wiped away or forgotten. The extra money freed up and the peace of mind that comes with a life free of…
DetailsAmerican higher education holds great promise: Thanks to easy-to-obtain loans, students can spend years studying just about whatever they want. But theres a catchbankruptcy rules make it almost impossible to default on these loans when students get in over their heads. Given spiraling tuition costs, this leaves millions of people deep in debt for decades,…
DetailsNew legislation that would legalize sports betting has raised concerns about increased gambling addiction. An estimated nine million Americans are believed to suffer from the disease. (Photo by Lyu Jia/VCG) PHOENIX Another football game hadnt gone Joe Schillers way, and the thousands of dollars of debt he had accumulated from betting was about to bury…
DetailsBy PTI NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today asked the resolution professional (RP) of Jaypee Infratech to submit details on the progress of the insolvency resolution process of the debt-ridden firm. A two-member bench of the appellate tribunal, headed by Chairman Justice S J Mukhopadhaya, has asked the RP to list…
DetailsGraeme Boyd Motorcycles goes into liquidation NEWCASTLE motorcycling identity Graeme Boyd says market conditions are to blame for the liquidation of the business he has run under his own name for more than 20 years. Mr Boyd, who has also been an enthusiastic promoter of moto-cross events in the Hunter over the years, said that if there…
DetailsA new, truTV game show offers contestants a chance to pay off their student loans. Paid Off, which premiered Tuesday, July 10, is styled like Jeopardy with creator Michael Torpey functioning as the shows Alex Trebeck. In the first episode, 28-year-old Madeleine Pilon won $24,000 to pay off her student loans, which totaled $41,000. ……
DetailsNEW DELHI: HDFC Ltd has taken the holding company of Malvinder and Shivinder Singh to bankruptcy court to recover outstanding dues worth Rs 41.1crore. The National Company Law Tribunal (NCLT) asked the company, RHC Holding Pvt, on June 14 to state why insolvency proceedings should not be initiated against it and decided to take up…
DetailsMany families today struggle with debt. College loans, car loans, credit cards, medical bills, mortgages, and other personal loans can easily add up to a lifestyle of struggle and stress. Total household debt in America during the first quarter of 2018 was $13.21 trillionthe 15th consecutive quarter with an increaseaccording to the Federal Reserve Bank…
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