Many SMB owners think that that debt management is frustrating, repetitive and even awkward, but it doesnt have to be. When approached with professionalism and a clear plan of attack, the right debt strategy could save weeks worth of work per year, while also doubling or tripling working capital. So, why isnt everyone doing a…
DetailsBy Linda NguyenThe Canadian Press Tues., July 18, 2017 Liquidation sales at dozens of Sears Canada locations slated for closure could begin as early as this week after an Ontario court signed off on the plan Tuesday. The sales can start Friday and run no later than Oct. 12 with the deep discounts happening only…
DetailsThe relief program launched by Mexican water authority Conagua in 2014 to help municipalities resolve their water debt problems is moving … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
DetailsConsolidation a strategy, not a cure Montville’s attorney, Blake Brewer, says many of his clients have no idea how their expenses stack up against their income. They assume that their next tax refund or stretch of overtime will help them catch up, not realizing they’re consistently spending more than they make. “These people are just…
DetailsBy MR Umarji The Reserve Bank of India has recently prescribed provisioning requirements for banks in cases where insolvency resolution process is initiated against any company. The banks initiating insolvency resolution process have to make a provision of 50% of the secured portion of the loan and 100% of the unsecured portion. The provisions will…
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DetailsSumoSalad’s groundbreaking use of the insolvency laws to force Westfield shopping centres to negotiate lower rents for its fast food franchisees has proved successful. The two parties are on the brink of agreeing a mutually favourable commercial outcome, with the final details to be sorted out by early next week. The deal will be closely…
DetailsThe governments latest insolvency statistics show that the Isle of Wight was in the top 5 local authorities for the highest rates of personal insolvency a combination of bankruptcies, individual voluntary arrangements and debt relief orders in 2016 and that such insolvencies are most common in coastal towns, says insolvency and restructuring trade body R3. The statistics show that the Island has the fourth…
DetailsJitendra Kumar Gupta Moneycontrol Research On Monday, Inox Wind lost Rs 141 crore in market capitalisation following a claim made by one of its creditors for a sum of Rs 57 lakh. While the damage is already done, the magnitude and implications are little understood. To put it in perspective, Jeena & Company, the creditor…
DetailsBy Lisa Mcloughlin For Mailonline Published: 22:11 +10:00, 18 July 2017 | Updated: 23:07 +10:00, 18 July 2017 e-mail 11 View comments Boris Becker has landed his fourth parking ticket in a matter of weeks since he was declared bankrupt late last month. The tennis champ, 49, was left reeling after his luxury Porsche was…
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