Former property tycoons Michael and John Taggart’s fight against being declared bankrupt centres on the firm that controls £1bn of Nama loans in Northern Ireland, it has emerged. It was revealed in the High Court that the Co Londonderry brothers are challenging Promontoria Eagle’s standing at a meeting where creditors rejected an alternative proposal. Dublin…
DetailsInterest-Rates / UK Debt Apr 27, 2017 – 04:41 AM GMT By: Nicholas_Kitonyi The UK lending market has benefited from the reduced lending rates after the interest rate was reduced to an historical low. The UK base interest rate was cut in half in August last year to 0.25% in a bid to stimulate economic…
DetailsBankrupt former rich-lister “Diamond” Joe Gutnick has faced a court grilling over loans to a New York fraudster and Brooklyn-based community organisation. In a fiery examination at the Federal Court on Thursday, Mr Gutnick was challenged over the validity of two major debts declared in his bankrupt estate, including a $33 million debt to Nochum…
DetailsMy mother recently received a bill from a medical collection agency for lab work performed at a hospital 200 miles from her home that she has never visited. In the end after several phone calls and a lengthy complaint letter the debt was identified as a free, at-home, mail-in screening she had been provided by…
DetailsGuidebooks for managers the world over dispense oodles of tips on how to run a slick and efficient machine foremost among them is the old adage “if you can’t measure it, you can’t manage it”. As he grapples with Government debt, Scott Morrison is re-writing the rulebook. He can measure debt, down to the…
DetailsWednesday, April 26, 2017 08.34PM / Anthony I Idigbe, Punuka Attorneys & Solicitors, November 15 2013 World Bank reports on the observance of standards and codes principles and guidelines for effective insolvency and creditor rights systems, published in October 2007, identified the following weaknesses in Nigerian insolvency law: · a lack of efficient means by…
DetailsBrisbane based Vanessa Garrard founded E3 Style in 2006, she called in the administrators in 2016, now the former CEO, who is currently in a major legal battle with Brisbane based distributor The Crest Company, is trying to kick start a new business called SourceHub. She claims that this Company was formed because of the…
DetailsVictorias Novatel Telecommunications has gone into liquidation, leaving debts of more than $2 million to a range of creditors, including Emersion Software Systems, Wirefree Broadband, Megaport and Loanworks Technology. Jirsch Sutherland partner, Malcolm Howell, was appointed as liquidator for the Melbourne-based telecommunications company on 16 March. According to documents lodged with the Australian Securities and…
DetailsUnum Group (NYSE: UNM) today reported net income of $229.9 million ($1.00 per diluted common share) for the first quarter of 2017, compared to net income of $210.6 million ($0.88 per diluted common share) for the first quarter of 2016. Net income includes net after-tax realized investment gains and losses on the companys investment portfolio…
DetailsGreig Cameron Scottish Business Editor Financial difficulties are forecast for Scots amid uncertain times for the economyTimes photographer James Glossop The number of Scots becoming insolvent has risen by almost a fifth, amid fears that many more are likely to face financial difficulty this year. The higher price of food and energy is expected to…
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