Treat Insolvency Rules as ‘a complete code’ for payment of statutory interest, rules Court of Appeal – Out-Law.com

The Court of Appeal has dismissed the application of representative creditors regarding the distribution of a surplus of LBIE’s estate and their entitlement to statutory interest for periods after the administration starting. This decision is the latest in the series of the Waterfall proceedings which relate to the administration of Lehman’s European business, LBIE. Upon…

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Freedom Debt Relief Helps More Americans Resolve Financial Struggles – Markets Insider

SAN MATEO, Calif., Nov. 10, 2017 /PRNewswire/ — Freedom Debt Relief (FDR) has become the first in its industry to surpass the $7 billion mark in total consumer debt resolved, helping more consumers than ever recover from serious financial hardship. Freedom Debt Relief, founded in 2002, is the largest and most experienced debt relief companies in…

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Alleged Drug Kingpin Leads Venezuela’s Debt Restructuring Effort – Fox Business

CARACAS, Venezuela — Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin. Continue Reading Below As the country runs out of cash, Venezuelan President Nicolás Maduro last week…

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Freedom Debt Relief Helps More Americans Resolve Financial Struggles – PR Newswire (press release)

FDR advisers help people who are unable to repay all of their debt work with their creditors to repay an amount they can afford. Despite servicing a consumer with a high degree of financial stress, FDR consistently receives high marks from clients for its customer service and trustworthiness. The company is a founding member of…

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Casino mogul blames booze and ‘fatigue’ for contested $3 million poker loss – Washington Post

EXCLUSIVE: Casino Owner Says He Was Tired, Drunk When He Lost $3M In Controversial Poker Game https://t.co/pNJefyRO9e pic.twitter.com/lMRtbSsZSJ CardPlayer (@CardPlayerMedia) November 9, 2017 In the early hours of May 27, two of professional gamblings big names sat down for a private, high-stakes poker match. The setting was the Ivey Room, a posh enclave in the Aria…

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