(Combines stories, adds German, Commission comment, background) By Jan Strupczewski and Francesco Guarascio Nov 7 The euro zone cannot set the details of medium-term debt relief for Greece now because they will depend on what happens by 2018, the chairman of euro zone finance ministers said on Monday, as pressure grows on the bloc to…
DetailsCape Town – The Western Province Rugby Football Union confirmed today that it had applied for, and obtained, an order for the provisional liquidation of Western Province Rugby (Pty) Ltd, in which it is a 75% shareholder. President Thelo Wakefield and Group CEO Paul Zacks said that the Union had retained expert legal and accounting…
DetailsThe bankruptcy application from US fund Cerberus to have independent TD and former property developer Mick Wallace placed in bankruptcy adds a new layer to what is already a complex relationship. Wallace has used his position as a public representative to attack relentlessly the State-owned National Asset Management Agency (Nama) and how it has gone…
DetailsWith help from Benjamin Wermund, Caitlin Emma and Kimberly Hefling COULD ELECTION STALL PROGRESS ON BORROWER DEFENSE? The presidential transition has created a cloud of uncertainty for tens of thousands of student borrowers seeking loan forgiveness some of whom have already waited more than a year to find out if they’ll get relief. The students,…
DetailsThe bankruptcy application from US fund Cerberus to have independent TD and former property developer Mick Wallace placed in bankruptcy adds a new layer to what is already a complex relationship. Mr Wallace has used his position as a public representative to relentlessly attack the State-owned National Asset Management Agency (Nama) and how it has…
DetailsThe High Court has adjourned for a month an application to bankrupt Independent TD Mick Wallace. The application arises out of a 2m judgment obtained earlier this year against him by a company called Promontoria (Aran) Ltd which took over the TDs debt to Ulster Bank. Edward Farrelly BL, for Promotoria, told Ms Justice Caroline…
DetailsUK household debt has swollen to £1.5trn in the UK for the first time, with indebtedness growing at the fastest rate since before the credit crunch of 2007, according to new research. Before the peak of the financial crisis in 2008, personal debt in the UK reached £1.4trn. Following a recent low of £1.36trn in…
DetailsWest Midlands-based furniture manufacturer Ashcraft Furniture Limited has entered insolvency for the second time. James Martin and Mark Newman, of CCW Recovery Solutions, were appointed as joint liquidators on 13 October 2016 after the company, formerly known as AFL International Ltd, racked up a creditor bill over £460,000. Details of the insolvency has been revealed…
DetailsThe number of business closures have risen since the Brexit vote, according to the Q3 insolvency statistics released by HMRC last week. Business insolvencies are up by 2.2% and voluntary liquidations are up by 5.5%, showing that more businesses are choosing to close. Simon Underwood, partner and business recovery specialist at Menzies, commented on Brexit…
DetailsNational Debt Relief recently shared in an article published October 21, 2016 some of the top financial concerns of consumers and how best to address them. The article titled “How To Overcome The Top 13 Financial Fears Of Americans” takes a look at these most common fears and gives people tips on how to get…
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