Page 3796 – Insolvency Advisory Accountants

Ameritech Financial: Treating Medical School Debt With Repayment Options May Help Federal Student Borrowers – PR Newswire (press release)

Debt HelpBy Insolvency Advisory Accountants April 24, 2018

ROHNERT PARK, Calif., April 24, 2018 /PRNewswire/ — Columbia University’s medical school announced recently that the school is implementing a new scholarship program that would replace loans with scholarship funds for students who qualify for financial aid. This new effort to reduce loans will likely be welcome by many medical students attending Columbia since medical…

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Begbies Traynor team celebrates 25 years in Preston – Business Up North (press release)

LiquidationBy Insolvency Advisory Accountants April 24, 2018

Staff at Begbies Traynor are marking the 25th anniversary of its office in Preston during which time the 30strong team has helped rescue hundreds of local businesses, saving thousands of jobs. The practice first came to Preston in 1993 when its founders opened the office in Winckley Court. Then known as Buchler Phillips Traynor, the…

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NCLT allows ICICI Bank’s plea for insolvency resolution process against Unimark Remedies – Business Line

LiquidationBy Insolvency Advisory Accountants April 24, 2018

The Mumbai Bench of the National Company Law Tribunal has admitted ICICI Banks plea to initiate corporate insolvency resolution process against Unimark Remedies Ltd to recover an outstanding loan of about Rs 149 crore. Corporate insolvency resolution process (CIRP) is the process of resolution of insolvency of a corporate debtor (other than a financial service…

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Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which can give up to 15% return – Moneycontrol.com

LiquidationBy Insolvency Advisory Accountants April 24, 2018

The Nifty50 is expected to open flat on Tuesday tracking muted trend seen in other Asian markets. The index closed 20 point higher at 10,584 on Monday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 47 points or 0.44 percent. Nifty futures were trading around 10,575-level…

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Albertans feeling the heat of higher interest rates – Lethbridge Herald

BankruptcyBy Insolvency Advisory Accountants April 24, 2018

By Mabell, Dave on April 24, 2018. Dave Mabell Lethbridge Herald [email protected] Albertas economy is growing. But so are interest rates. And a growing number of Albertans are getting anxious about their debt. A new research report from the nations largest personal insolvency firm shows 55 per cent of Alberta consumers are feeling the pinch,…

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Insolvency and Bankruptcy Code: a legislation mired in controversy – Livemint

LiquidationBy Insolvency Advisory Accountants April 24, 2018

Insolvency and Bankruptcy Code provides for approval of the resolution plan first by the CoC with 75% majority and then by NCLT. Photo: AFP It is unfortunate that the Insolvency and Bankruptcy Code (IBC) is mired in so much controversy. Part of the problem is that the important players in IBC, namely the committee of…

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Only God can bankrupt me: Salim Mehajer – Victor Harbor Times

BankruptcyBy Insolvency Advisory Accountants April 24, 2018

Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent. A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an…

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Salim Mehajer found guilty of intimidating estranged wife Aysha Learmonth – The Sydney Morning Herald

BankruptcyBy Insolvency Advisory Accountants April 24, 2018

Mehajer, the former deputy mayor of the now defunct Auburn council, has launched a Federal Court bid to overturn his bankruptcy while he awaits a court ruling on whether he will be jailed for electoral fraud. Mehajer was declared bankrupt by the Federal Circuit Court on March 20 while he was in prison awaiting trial…

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Board of Thomas Cook (India) approves corporate restructuring – Business Standard

RestructuringBy Insolvency Advisory Accountants April 24, 2018

At its meeting held on 23 April 2018 The Board of Thomas Cook (India) announced that 23 April 2018 approved (subject to regulatory approvals) a corporate restructuring exercise by way of a composite scheme of arrangement and amalgamation, aimed at streamlining its businesses into four key verticals namely: Travel (outbound, domestic, business travel &…

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Major Coast company collapses owing $1.5 million – The Sunshine Coast Daily

LiquidationBy Insolvency Advisory Accountants April 24, 2018

TROUBLE HITS: Contractor goes bust, workers unpaid on $53m Coast project THE principal of a major Sunshine Coast painting contractor has claimed the business which left trade creditors out of pocket $284,439 also owes him $883,366. In its first report to creditors into the collapse of Freestyle F.C. Pty Ltd trading as Coastgard, liquidator Worrells has…

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