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DetailsWritten by: YourMoney.com 16/06/2017 Free debt advice provider PayPlan has teamed up with short-term lender MYJAR to trial the use of smartphone messages in a bid to encourage borrowers to seek debt help sooner. With four out of five adults now owning a smartphone, traditional communication methods used by creditors and debt advice service are…
DetailsIf you or members in your family are finding things tough, youre not alone. Statistics released by the Federal agency responsible for bankruptcies show a 27 per cent increase over the year in formalised arrangements made under the Bankruptcy Act. The figure includes a 15 per cent increase in bankruptcies over the same period, a…
DetailsKolkata, June 16 () As many as 110 cases have been admitted by the National Company Law Tribunal for resolution of corporate insolvency. “110 transactions have been admitted by the NCLT for corporate insolvency resolution,” Insolvency and Bankrupcy Board of India’s chairman M S Sahoo said at a programme at Merchants’ Chamber of Commerce. In…
DetailsKolkata, June 16 (IANS) The National Company Law Tribunal (NCLT) has admitted 110 cases for corporate insolvency resolution, Insolvency and Bankrupcy Board of Indias Chairperson M.S. Sahoo said on Friday. The default amount ranges from a few lakhs of rupees to Rs 6,000 crore, he said on the sidelines of an event organised here by…
DetailsChanges support super tax reform, amend Insolvency Law Reform Act Simon Hoyle has been a finance journalist for more than 25 years a finance journalist because the football and motorsports rounds at The Age were filled when he was awarded a cadetship. He worked on BRW and Personal Investment magazines, and was part of the…
DetailsLIVERMORE After more than a years worth of controversy including accusations of fiscal mismanagement, charging tuition to foreign exchange students and child cruelty charges two Livermore charter schools are set to close. The Tri-Valley Learning Corporation board, which managed the charters, directed its attorney on Tuesday to file for Chapter 7 bankruptcy, or a liquidation…
DetailsBy Reuters Published: 21:31 +10:00, 16 June 2017 | Updated: 21:31 +10:00, 16 June 2017 e-mail By Devidutta Tripathy MUMBAI, June 16 (Reuters) – India’s central bank has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the…
DetailsPutting a mechanism in place for ‘the ease of exiting business’ in India, the Ministry of Corporate Affairs today said in Parliament it has laid the ground rules for winding up business for failed ventures, sparing the stakeholders years of mounting losses because of depreciation of assets and a litany of labour disputes. The Insolvency…
DetailsNine months after schedule, Greece finally has some more creditor cash. The countrys 10-year bond is rallying and Athens stock index hit a two-year high this morning after eurozone and International Monetary Fund officials agreed to unlock an 8.5bn tranche of rescue cash to help Greece avoid default and pay off some of its arrears.…
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