KUALA LUMPUR: The number of Malaysians declared bankrupt due to credit card usage is still relatively low, Deputy Finance Minister Datuk Othman Aziz said. He said as of December last year, only 1,598 or 0.04 per cent users were declared bankrupt due to credit card usage. The number is still under control and many preventive…
DetailsMore than 600,000 people in financial difficulties last year sought help from the debt charity StepChange, including disproportionate numbers of single parents and those in rental accommodation. The charity said 619,946 new clients contacted it for debt advice last year 3.5% more than in 2016, and 22% more than four years earlier. There has been…
DetailsJohn Walsh, Ireland Business Editor Around 400 insolvency cases are thought to be on hold over interpretation of the lawGETTY IMAGES Any change to the rules that would enable debtors to challenge directly a banks rejection of their loan restructuring will be made as an amendment to personal insolvency legislation, the finance minister has said. On February…
DetailsAny hope of salvaging something from the spectacular mess that was Doughnut Time is now gone for good, with the company going into liquidation and closing all remaining stores, leaving behind a staggering sum of $200,000 in wages owed to ex-employees. Last week the company was thrown into utter chaos, with over half its stores abruptly closing…
DetailsPolicymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
DetailsBRUSSELS (Reuters) – Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the blocs finance ministers said on Monday, steps that should help underpin its economic recovery. FILE PHOTO – A Greek and a tangled EU flag flutter atop Greece’s Financial…
DetailsAll Doughnut Time stores will close, are the sales the store fell over at the last minute. Last week it was reported the chain will would be sold to the companys former CEO but half of the remaining stores would close. Last night the ABC reported the sale had fallen over at the last minute. …
DetailsCamilla Hodgson March 13, 2018 Greencore, the worlds biggest sandwich maker by volume, shed almost a third of its market value on Tuesday after announcing an unexpected profit warning and the restructuring of its US business. Shares in the FTSE 250-listed group fell 30 per cent after the company, which makes roughly half of all…
DetailsMany entrepreneurs have celebrated President Trump’s signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills. Indeed, the law reduces the maximum corporate tax rate from 35 percent to 21 percent, and further allows pass-through firms to deduct up to 20 percent of their business income, excepting personal services.…
DetailsNEW YORK–(BUSINESS WIRE)–Donlin, Recano & Company, Inc. (Donlin Recano), an AST company a leading provider of corporate restructuring services today announced that Jennifer E. Mercer has joined the firm as Vice President and leader of its Strategic Communications group. In this role, Mercer works closely with internal corporate teams and company advisors to create strategies…
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