By Ann O’Loughlin A debtor cannot seek a court review of a rejection of their proposed personal insolvency arrangement because the law requires any such review must be applied for by their Personal Insolvency Practitioner, the High Court has ruled. Ms Justice Marie Baker’s findings have implications for hundreds of cases which stand adjourned pending…
DetailsBORIS Becker is selling his Wimbledon trophies amid claims his debts have hit £44million. The BBC pundit, 49 three-time champ in the 1980s hopes his trio of silver gilt cups will net £1million. Splash News Boris Becker is claimed to have reached debts of £44million The move comes months after the German tennis legend, once…
DetailsCitrix Systems, Inc.CTXS has announced a restructuring program in a bid to expedite the transformation to a cloud-based subscription business, increase strategic focus as well as improve operational efficiency. The program will witness removal of some full-time positions and consolidation of facilities.. However, layoffs outside the United States will be subject to local law and…
DetailsShutterstock photo (RTTNews.com) – NeoPhotonics Corp. ( NPTN ), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third…
DetailsQantas shares have soared to a record high after US investment bank Goldman Sachs upgraded its rating on the airline’s improved earnings growth prospects. Qantas shares gained as much as 3.7 per cent to hit $6.15 today after Goldman Sachs upgraded its rating on the stock from neutral to buy, and reset the airline’s target…
DetailsFIVE million consumers are struggling to pay their credit card debts, the chief of the City watchdog has warned. Financial Conduct Authority (FCA) boss Andrew Bailey slammed lenders for not doing enough to help those customers “with persistent credit debt.” Getty – Contributor Five million people are struggling to deal with their credit card debt…
DetailsTennis great Boris Becker is reportedly selling his Wimbledon trophies, amid claims the German ace has racked up debts in excess of £54million. Becker, 49, was once worth £30million. But three months ago her was declared bankrupt over money owed to a bank. Now magazines Stern and Bunte claim that declaration was merely the start,…
DetailsFORMER patients of two financially struggling medical centres are paying the price after receiving healthcare at the businesses. Explaining the $77 fee lumped with patients seeking medical records, the administrators of Calliope and Gladstone Valley Medical Centres said the money would “partially recoup” what was being spent the winding up the non-profitable centres. EARLIER REVEALED:…
DetailsCzech CSG to buy insolvent Serbian machinery maker IMK 14. Oktobar Jaroslav Strnad, owner of CSG; Source: Jaroslav Strnad’s Twitter profile BELGRADE (Serbia), October 5 (SeeNews) – Czech industrial group CSG has said it plans to acquire Serbian insolvent construction and agricultural machinery manufacturer IMK 14. Oktobar for an undisclosed sum. The creditors’ committee of IMK…
DetailsMANILA – Finance Secretary Carlos Dominguez is calling on the Land Bank of the Philippines and the Government Service Insurance System to come up with a refinancing program for public school teachers who are saddled with debt, his office said Thursday. The “easy to pay, low interest” scheme is needed after a recent report by…
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