I took out a loan and borrowed on credit cards to help pay for the delivery of my twins in April 2013 as maternity was not covered in my insurance at that time. The same year, my husband and I lost our jobs and I could not afford to pay the instalments, stopping the payments…
DetailsFollowing the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online: The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…
DetailsThe National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered status quo in the insolvency process of Electrosteel Steels India Pvt Ltd. The NCLAT has also directed the steering committee, if any appointed, not to spend any amount except as required for the day-to-day operations of Electrosteel. A bench headed by S.J. Mukhopadhyay was hearing…
DetailsIt was an interview she would almost certainly come to regret. In early 2003, Catherine Brenner, then a director of corporate finance for ABN AMRO discussed her beauty regime with the women’s magazine, Vogue. In the article “Groomed for Success”, Brenner revealed that she spends as much as $600 a month on beauty accessories, and…
DetailsCarpetright has warned its full-year loss will be double those previously expected, as the struggling retailer received backing from creditors and shareholders for a restructuring process designed to stave off administration. Britains biggest carpet retailer now expects to make an underlying pretax loss of £7m to £9m for the year to the end of April,…
Details* Pretax loss of 244.4 mln stg as restructuring charges weigh * Shares fall more than 20 pct * Expects restructuring gains by 2020 (Adds detail, background) April 30 (Reuters) – Britains Interserve Plc reported a deeper annual pretax loss on Monday, sending its shares 20 percent lower, as CEO Debbie White leads a turnaround…
DetailsA PERTH-based events management company is closing down, with claims it owes artists close to $200,000. JumpClimb, which is an independent presenter of events at Perths Fringe World festival, is tipped to enter voluntary administration. A statement on the JumpClimb website said: A combination of factors including a downturn in ticket sales on recent projects, debtors…
DetailsThe Resolution Professional (RP) for Adhunik Metaliks Ltd will present a detailed report before the Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday seeking suitable directions with regards to the insolvency proceedings of the company. The 270-day deadline granted to the bankrupt company under the corporate insolvency resolution process (CIRP) expired on…
DetailsLabour has pledged to help people caught in a “debt trap” by placing a cap on the total amount that can be paid in overdraft fees or interest payments. Labour claims it could help an estimated 2.7 million people who it says are stuck with permanent overdrafts, saving them the equivalent of £86 each per year. Shadow…
DetailsA few years ago you finished high school and diligently headed straight to university where you took advantage of the Higher Education Loan Program (HELP). Once uni was over, you took a job and worked hard for a few years, but the lure of overseas work called. Or perhaps, you were an apprentice and took…
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