CORPORATE restructuring seems to be the buzzword in the current difficult economic environment and more competitive marketplace. It is a management term for the act of reorganising the legal, ownership, operations of a corporate entity, usually driven by the necessity to make financial adjustments to its assets and liabilities. Corporations restructure for many reasons. While…
DetailsA Corowa dental clinic will soon extend its opening hours to help an elderly woman in the town who was conned out of $7000 as a result of a phone scam. The Free Press reported on the scam in June last year that left the woman, who did not want to be named, feeling shaken…
DetailsThe Taling Chan Court issued the arrest warrants on Tuesday for Pisit and two women identified as Pornpaveen Chukaew and Thitapa or Pattharawadee Sawasdee, Sanit said. Pasit and Pornpaveen were accused of forging and using forged document to cheat Pasit’s pro-bono client Porntip Chantharat, 44, and her wheelchair-bound 14-year-old daughter Pattarada Beam Kaewpong out…
DetailsMILAN, July 12 (Reuters) – Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are…
DetailsBeena Parmar Moneycontrol News The Gujarat High Court will be hearing Essar Steel’s plea today challenging the Reserve Bank of India’s order directing lenders to refer the debt-laden company to the National Company Law Tribunal. In many ways, the verdict will have a bearing on the future course of resolution proceedings under the Insolvency and Bankruptcy…
DetailsLas Vegas Review-Journal has published some new information regarding Australian high stakes pro Matthew Kirk’s recent lawsuit, where Kirk claims Kings Casino owner Leon Tsoukernik is refusing to pay him back a personal loan of $2 million. The Las Vegas Review-Journal has published a text message…
DetailsKnowledge is a powerful thing. And no one needs knowledge about the long-term financial impact of a college loan more than the kid whos going to be on the hook for it. In the past, the whole nature of disclosing information about the direct impact of college loans on ones finances was a case of…
DetailsSTOCKHOLM–Securitas AB (SECU-B.SK) Chief Executive Alf Göransson has been declared bankrupt after falling victim to identity theft, the Swedish security company said Wednesday. A fraudulent loan application was made in Mr. Göransson’s name after his personal identification was stolen at the end of March this year, Securitas said in a statement. Despite reporting the incident…
DetailsBeena Parmar Moneycontrol News The National Company Law Tribunal will be hearing the insolvency petition filed by Era Infra Engineering‘s lender on July 25. Originally set for hearing on Tuesday, the case against the debt-laden company has been postponed as about 18 winding-up petitions are still pending against it in the Delhi High Court. On Tuesday,…
DetailsFormer NBN contractor Daly International has been spared liquidation after its director Peter Daly agreed to pay the troubled companys creditors the proceeds of sales of company assets and guarantee a cash payment for an additional $900,000. The two payments are the key financial terms of a company deed that Daly successfully put to creditors…
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