Financial advisors and experts offer practical steps and straightforward advice to help you become debt-free. (File photo) Countless UAE residents are struggling with debt that has spiralled out of their control. With many owing huge outstanding amounts on multiple credit cards and unsecured loans, the road to being debt-free can seem like a distant dream. …
DetailsAlan Limb from BRI Business Recovery and Insolvency has been in touch following the closure of Ryde Arena. The Southampton Office of BRI Business Recovery and Insolvency have been instructed by the Directors of Ryde Arena Limited to assist them in placing the Company into Creditors VoluntaryLiquidation. Just a couple of weeks ago, hundreds formed…
DetailsRecently, we talked about Singapore ship arrest laws and procedures as well as their practical effect in light of Hanjin Shipping Co. Ltds recent financial troubles. That article also mentioned that Hanjin had filed for bankruptcy protection, which has given some relief from their monetary woes. But how does bankruptcy protection really benefit Hanjin? Is…
DetailsLondon, Oct 31, 2016 (AFP) – A former Manchester United midfielder is contemplating a new career after being ordained as a deacon in the Catholic Church. Philip Mulryne won 27 caps for Northern Ireland in a career that included spells with Norwich City and Leyton Orient. He was ordained by the Archbishop of Dublin, Diarmuid…
DetailsIn addition, the Japanese electronics giant also saw weakness in its cash cow semiconductor division, with the unit swinging to a 4.2 billion yen loss in the second quarter from an operating profit of 34.1 billion yen in the same period last year. Sony said that foreign exchange effects as well as inventory write-downs of…
DetailsA legal business consultancy that snapped up a host of law brands in the past two years has itself gone into liquidation, the Gazette can reveal. Assure Law Limited commenced the liquidation process last week and creditors are now being contacted with information about the companys financial status. Assure Law emerged on the legal services…
DetailsI am having terrible difficulties with the Dh150,000 in debt I have accumulated. I have loans from two banks and two credit cards from another two banks. I work as a customer service executive in Dubai and my monthly salary is only Dh5,000. Previously I could manage to make my monthly payments, but because of…
DetailsArrium says it will create 44 new jobs at its Whyalla plant. (9NEWS) Troubled steelmaker Arrium is hiring dozens of new workers in Whyalla to keep up with rising demand for its products. The company, which went into voluntary administration earlier this year, says increasing demand from NSW and Victoria has led it to add…
DetailsThe UAE government has been formally considering amendments to the insolvency regime since 2009, and a previous draft insolvency law was published in 2011 (the 2011 Draft); the New Law, however, is different in certain respects. span style=”font-family: Calibri; font-size: small;”>Key changes under the New Law Repeal of current regime: Chapter V of the Commercial…
DetailsRelated Story: Underpaid Pumpkin Patch workers to be reimbursed A dispute around entitlements is growing at clothing retailer Pumpkin Patch, which went into receivership last week. The New Zealand-based board admitted the company was ‘over-leveraged’, and in the interest of stakeholders put the company into voluntary administration. The same day, its…
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