Comments (0) Lisa Thomas, Insolvency practitioner at Neville&Co explains how a CVA could be the answer to keep an insolvent company trading Keeping control of an insolvent company can still be an option. Liquidation is one of the most common insolvency procedures used when a Company is insolvent and there is no real prospect of it…
DetailsState law limits a homeowners rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesnt matter if the policy was issued before a statute constraining the associations obligation took effect, Justice Charles Canady wrote for a…
DetailsChinese authorities have detained 18 employees of billionaire James Packer’s Crown Resorts, including three top Australian executives, in a co-ordinated police operation targeting the gaming giant’s marketing activities in China. Most senior among those detained was Jason O’Connor, the company’s executive general manager in charge of international VIP services. Previous slide Next slide Australian Crown…
DetailsIt finds that Britains household debt problem has a local dimension with communities with high concentrations of lower income, younger and households living in rented housing more likely to experience problem debt. This concentration of household debt reduces household consumption and so constrains local economic growth. Over-indebtedness is also associated with poor health and negatively…
DetailsJamie Hyndman, founder My Four Weeks With six million one in every two Australian workers not taking the annual leave they are entitled to and more than 118 million days of annual leave stockpiled in businesses around the country, Australias first travel savings company is here to help people cut up their credit cards for…
DetailsCape Town – The commercial leg of the Border Rugby Union, Border Rugby (Pty) Ltd, has filed for liquidation. The union confirmed the news on Thursday. According to a release, the decision was “unavoidable” and that it was completely voluntary after having sought expert advice. The statement read as follows: It is a fact…
DetailsA LUXURY Teignbridge wedding venue used by pop star Peter Andre is set to go into liquidation with debts of around £360,000. Couples who had booked weddings at Mamhead House and a number of trade creditors are expected to lose out when the business is wound up. Mamhead House and Castle Ltd, the wedding business…
DetailsAbout six months ago, the White House announced a campaign — the Student Debt Challenge — to raise awareness of the existence of income-driven repayment options. In this week’s post, the Student Loan Ranger updates readers on the initiative’s impact. There’s no argument that college can be expensive — and the costs continue to rise.…
DetailsCould Norfolk Southern’s 3Q16 Earnings Surprise Investors? PART 3 OF 5 By Samuel Prince | Oct 19, 2016 5:49 pm EDT Triple Crown Services In fiscal 2015, Norfolk Southern (NSC) restructured its underperforming subsidiary, Triple Crown Services. The aim of this restructuring was to focus on hauling vehicles and auto parts, given booming automotive sales. In…
Details(Adds quote, detail) Oct 19 Ivory Coast will organise debt relief for the state oil refinery using public and private funds, a government spokesman said on Wednesday. The Societe Ivoirienne de Rafinage (SIR) is the biggest refinery in French-speaking West Africa and has accumulated debts worth hundreds of billions of CFA francs (hundreds of millions…
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