Daniel Montville knew a debt consolidation loan wouldnt solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again. Montville took out the loan in 2015, but within a year he had fallen…
DetailsHi Nicole, I recently read an article in Money by Caitlin Fitzsimmons about paying off her HECS debt. I have seen a number of columnists suggest it is a good idea not to pay off the debt but rather keep it and invest the money elsewhere as it has a low rate of interest. My…
DetailsKIEV, July 20 (Reuters) – Ukraine’s central bank said on Thursday it had withdrawn the right to formally audit the country’s banks from the Ukrainian unit of the international accounting firm PwC. PwC Ukraine had audited the largest Ukrainian bank, PrivatBank, which Ukraine took over in December after risky lending practices left it with a…
DetailsBy Reuters Published: 06:09 +10:00, 21 July 2017 | Updated: 06:09 +10:00, 21 July 2017 e-mail By Natalia Zinets and Matthias Williams KIEV, July 20 (Reuters) – Ukraine’s central bank said on Thursday it had withdrawn the right to formally audit the country’s banks from the Ukrainian unit of the international accounting firm PwC. PwC…
DetailsAUGUSTA In a rare moment of agreement, Gov. Paul LePage and Democratic lawmakers are pushing for a student debt relief program aimed at convincing recent college graduates to settle in Maine. But they couldn’t convince enough senators to go along Thursday. The $40 million loan forgiveness program sought funding from a bond question next year…
DetailsDalian Wanda has survived setbacks before, like the time Chinese stock-market regulators tried to slow down its flotation of Wanda Cinema Line. The real estate giant responded with an IPO the following year that gave its multiplex business a market capitalization several times that of AMC, the North American theater group Wanda acquired in 2012. This…
DetailsPwC suffered the latest blow to its reputation late on Thursday when Ukraines central bank announced it had pulled its domestic bank auditing rights for failing in prior audits to identify a $5bn balance-sheet hole at PrivatBank, the countrys largest lender. The big four accounting group, which has denied such claims in the past, had…
DetailsMUMBAI/KOLKATA: Innoventive Industries, Indias first company to be tried under the new Insolvency and Bankruptcy Code, has failed to finalize a debt resolution plan in the stipulated six months, prompting the National Company Law Tribunal (NCLT) to extend the deadline by another three months – the maximum permissible before liquidation. If the company fails to…
DetailsBy Edwin Okoth The government is set to let go of its shareholding in Uchumi Supermarkets once the troubled retailer stabilises under the ongoing bailout and restructuring plan. Trade Principal Secretary Chris Kiptoo yesterday said the shareholding exit will come after the government recoups taxpayers’ funds pumped into the company over the years. Uchumi is…
DetailsBis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders. Carlyle Group, Metrics Credit Partners, Varde Partners and other creditors will take ownership in the logistics business from private equity group KKR, with the debt-for-equity deal…
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