In the past year, more than 120,000 Canadians were declared insolvent. You know the one thing they didnt have to give up? The creditors may have been breathing down their throats, looking to get their hands on any assets, but they wouldnt have been able to penetrate the legislative vault their Registered Retirement Savings Plan…
DetailsTeleNet Marketing Productivity Increases by 60% after Restructuring The Athens, GA-based business-to-business lead generation firm has restructured its contact centers and enhanced its services, yielding up to a 60% increase in results for its clients. To capitalize on TeleNets talented staff, while increasing production output, the company restructured their call center management team in…
DetailsMP for Edmonton, Kate Osamor EDMONTON MP Kate Osamor has backed calls for a scheme to help protect thousands of families being ravaged by debt. The Labour MP is supporting a new scheme called Breathing Spaces that would offer people seeking debt advice, a 12-month legal protection from mounting interest, charges and enforcement…
DetailsTimes are tough for independent mobile retailers, not just competing with other businesses in the sector like JB HiFi, Officeworks and the like, but also the carriers and their own-branded stores as well. Today, one of the mid sized independent retailers has called it a day, with Allphones collapsing into voluntary administration. Canadian-owned AMT Group…
DetailsUltrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today that it and certain of its subsidiaries have commenced voluntary cases under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York yesterday (In re Ultrapetrol (Bahamas) Limited, Chapter 11 Case No. 17-22168) in order…
DetailsTwo thirds of directors do not understand the Directors Loan Account properly A new survey of 250 UK Limited company directors by CompanyHelp with polling by Google Surveys reveals shocking levels of misinformation, lack of understanding of key financial facts and also the precarious business situation UKs Limited companies are in. According to the survey results…
DetailsCompany Seeks Expedited Chapter 11 Emergence Plan Supported by Lenders and Bondholders Vendors, Trade Creditors, Employees and Unsecured Creditors to Be Paid In Full Existing Operations to Continue Uninterrupted NASSAU, Bahamas, Feb. 07, 2017 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (the Company), a Bahamas corporation, announced today that it and certain of its subsidiaries have…
DetailsSource: Ministry of Economy BELGRADE (Serbia), February 7 (SeeNews) Serbia’s Bankruptcy Supervision Agency said it has put up for sale again the factory of insolvent rolling stock repairer and manufacturer Zelvoz in Smederevo. Interested investors will be able to place bids for the purchase of the factory and other assets of Zelvoz by February 21,…
DetailsFUT Galaxy allowed players to bet on real-life sporting events, including Premier League and Champions League fixtures, with FIFA‘s virtual in-game currency. The “social gaming” site had no age restrictions and accepted credit card payments, as the Guardian reports. Winnings could then be transferred back into the game. NepentheZ would promote the service on his…
DetailsI am Emirati, work in the government sector in Dubai and have outstanding debts of Dh350,000. This is made up of two loans, a personal loan of Dh300,000 and a car loan of Dh50,000. I dont have any credit cards. I took out the personal loan to start building my house but then the contractors…
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