The pension trustee who oversaw negotiations with Sir Philip Green over BHS’s retirement scheme deficit was parachuted in to advise on the crisis at Carillion days before the construction group collapsed. Sky News has learnt that Independent Trustee Services (ITS), which is run by Chris Martin, was appointed earlier this month to help safeguard the…
DetailsThe travel dreams of dozens of Australians have been left in tatters after the collapse of a retro camper-maker, which owes $3.5 million to investors and customers around the world. Key points: Gidget Retro Teardrop Campers went into voluntary administration last week A total of 80 customers across Australia and America have lost $1.5…
DetailsIn 2016, I had a medical emergency that landed me in the hospital for days. It was scary and stressful, but the worst part wasnt being ill it was the medical bills that started pouring in afterward. Out of money, I ended up paying my medical bills with credit cards, racking up approximately $20,000 in…
DetailsHarrogate residents owe nearly £5,000 more in debt than the national average, after a recent survey found personal debt soared by two thirds in the last three months. The average level of personal debt held by people in Harrogate has increased by 59 per cent in the three months leading up to Christmas, according to…
DetailsBY MELISHA YAFOI Thousands of Police and State Savings and Loan Society Limited members have been left high and dry after the society was declared insolvent by the Bank of Papua New Guinea. The society has been declared insolvent since May 2017 following a notice by the Central Bank of PNG advising members, service providers…
DetailsCAPE TOWN – How the downgrade of South African credit ratings will affect individual investors depends very much on their personal circumstances. Nevertheless, we can make some broad generalisations, and you can decide whether they apply to you. Credit ratings can have implications for all South Africans insofar as they affect the rand exchange rate and…
DetailsClujana, one of the oldest shoe factories in Romania, went into insolvency, according to a decision of the Cluj Specialized Court, cited by local Mediafax. The company has difficulties in repaying over RON 13 million (EUR 2.8 million) worth of historical debts to the tax authority ANAF, which was accumulated during 2013-2014. However, the factory…
DetailsSerie C side Vicenza have been declared bankrupt by a tribunal this afternoon, bringing 115 years of history to an end. The Lanerossis players havent been paid since September, and have taken strike action in recent weeks. Today a tribunal formally declared the club bankrupt, so control of the club will pass to a bankruptcy…
Details11:47, 18 January 2018 9 Ukraine’s Deposit Guarantee Fund in 2017 paid depositors of insolvent banks UAH 7.058 billion (US$246.2 million), which was by 50% down from UAH 14.936 billion ($521 million) in 2016, according to the Fund’s press service. Photo from UNIAN At the same time, the Fund in 2017 received UAH 3.315 billion…
DetailsTravel and Tourism Agents are extremely concerned with the current situation at Air Malta especially in the light of recent statements reported in the media regarding the airline’s future related to the stalemate in ongoing the dispute with the pilots’ union. This statement was issued before news of an agreement between the…
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