© Reuters. Greek PM Tsipras addresses members of his government during a cabinet meeting at the parliament in Athens By Renee Maltezou ATHENS (Reuters) – Prime Minister Alexis Tsipras called on Greece’s international lenders on Thursday to reach an agreement on easing its debt burden by May 22, when euro zone finance ministers meet in…
DetailsRetail Acquisitions, the former owner of the collapsed BHS, is on the point of liquidation, potentially helping investigations into the demise of the department store chain. The group, which bought BHS for £1 in 2015 and was fronted by former bankrupt Dominic Chappell, has been accused of extracting an estimated £17m from BHS despite owning…
DetailsEven when it is obvious that a company is in financial difficulty, it can be difficult to advise the directors. Most of the time, they will believe they can trade through the difficulties, perhaps with a little forbearance on the part of their creditors, or a new line of credit or two. But when is…
DetailsFederal Education Minister Simon Birmingham has unveiled big changes to the Higher Education Loan Program (HELP). With about A$50 billion in outstanding student debt, the goal is to curb costs. Assuming parliament passes the changes, all students will have to pay more and repay quicker. The changes affect current and future debtors. How much more…
DetailsCLOSE Puerto Rico’s financial oversight board has filed a form of bankruptcy for the island under Title III of last year’s Puerto Rico rescue law, which is known as PROMESA. USA TODAY People face off with police during the general strike against austerity measures, which coincides with the International Workers Day, in San Juan, Puerto…
DetailsThe Australian Securities and Investments Commission has debt management firms in its sights as it looks to crack down on misleading conduct by companies that claim to be able to help with bankruptcy advice and debt consolidation at a time when personal insolvencies are up 10%. ASIC put the debt management sector front and centre…
DetailsA cruel and ruthless killer may spend the rest of his life behind bars after murdering his friend, cutting up his body, stuffing it in a suitcase, and then adopting the richer mans identity to fund a life as a high-rolling gambler. After putting the headless torso of Yang Liu inside a Samsonite suitcase and…
DetailsTerexs T 110 telescopic truck crane. Despite a sales decrease of 10 percent from the same period last year, Terex Corporation reports that the company sees encouraging signs in its first quarter earnings moving forward. For the first quarter, Terex reported net sales of $1 billion, down from 1Q 2016 sales of $1.1 billion. The…
DetailsIt was one of the last mega-buyouts of 2008 before the financial markets meltdown, a corporate radio giant with some of Bostons most prominent investors behind it and a whopping $20 billion in debt. Clear Channel Communications Inc., now iHeartMedia Inc., ha… Read the full article at: https://www.bostonglobe.com/business/2017/05/03/restructuring-predicted-for-corporate-radio-firm/sGpqEUM8gjbwrameHahYNI/story.html
DetailsLast week, Fannie Mae unveiled three new programs to help aid current homeowners and future homebuyers who are blocked from eligibility and financing by the burden of student debt. Fannie Mae first announced an expansion of its cash-out refinance program with SoFi. The GSE also announced the implementation of two other programs to help widen…
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