As many as 15,000 people will, within 12 months, avail of the mechanisms in new personal insolvency legislation before the Oireachtas, it has been claimed. Next months Personal Insolvency Bill will offer secured borrowers and lenders in arrears a reasonable alternative to bankruptcy, says one respected analyst. Fergus Doorly, insolvency and corporate recovery partner with…
DetailsGreece faces what is likely to be an explosive surge in its public debt levels that within decades will mean it will owe almost three times the countrys annual economic output unless given significant debt relief, the International Monetary Fund has warned in a confidential report. The new report was prepared by IMF staff ahead…
DetailsBy Deep Value Analyst : Calloway’s Nursery (OTC: [[CLWY]]) is the rare under the radar micro-cap stock that is trading below liquidation value that could be worth 3x more as its experienced management team and board continue to make operational improvements and unlock value. Calloway’s is an 18 store chain of high margin plant and…
DetailsIt looks like it’s the end of the line for one-time teen favorite store chain Wet Seal. The mall-based retailer is planning to close all of its 173 or so stores after failing to turn its business around, according to several media reports. The company did not immediately return a request from Fortune for comment,…
DetailsA LEADING Inverclyde problem gambling campaigner has welcomed a change in rules that will allow councils to tackle controversial roulette machines. MSP Stuart McMillan, pictured, has been a long-time critic of so-called fixed-odds betting terminals (FOBTs) and believes new measures recently agreed in the Scottish Parliament will help tackle the issue. The Delegated Powers and…
DetailsPhoto via Pixabay A deadly gambling debt may have led to the bloody stabbing deaths of two men in the their 60s at a Chinatown senior citizen gathering place. A trail of blood led from the scene, making authorities believe the attacker was hurt. Police Friday continued to search for the killer who was…
DetailsNEW YORK, United States In a widely anticipated move, Condé Nast chief business officer and president of revenue Jim Norton has announced a sweeping restructuring of the company’s business side to align more closely with the model favoured by rival publisher Time Inc. as rumours continue to swirl that the business is being prepared for…
DetailsPhoto via Pixabay A deadly gambling debt may have led to the bloody stabbing deaths of two men in the their 60s at a Chinatown senior citizen gathering place. A trail of blood led from the scene, making authorities believe the attacker was hurt. Police Friday continued to search for the killer who was…
Details6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
Details6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
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