I work at an outlet in Abu Dhabi and have some debt that is now really difficult to manage. I had some financial problems back home in India and had to send money in large amounts. This was mainly for the medical treatment for my wife and mother and other expenses. Also, I was building…
DetailsThe Ghana Association of Restructuring and Insolvency Advisors (GARIA) is to lay before Parliament the Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses. The bill is also expected to promote efficient closure and transfer of assets of businesses which are no longer viable and a…
DetailsA bankrupt haulier has been disqualified for 18 months after he encouraged his former stepdaughter to apply for an O-licence as a front for him. Sean Mullins, who traded as Sean Mullins Transport, attempted to avoid the effect the revocation of his O-licence would have on his business by persuading Kerry Mullins to make an…
DetailsSEJONG, Oct. 11 (Yonhap) — Seven more South Korean companies are seeking to win government approval for four cases of voluntary corporate restructuring, the trade ministry said Tuesday, in a move meant to boost their competitiveness. The Ministry of Trade, Industry and Energy said a government panel is set to hold a meeting next Tuesday…
DetailsPremier Li Keqiang said Chinas debt risks are generally controllable and that hes confident it can achieve its economic goals this year with growth in a reasonable range. The economy has exceeded expectation and is looking more positive in the third quarter, though it still faces downward pressure, Li said in remarks before a conference in Macau.…
DetailsShutterstock The phrase student debt crisis might conjure up a person in their 20s worried that their six figures of debt will keep them from marrying or buying a house. It should probably be someone more like Maria Hurtado. Hurtado, 46, who lef… Read the full article at: http://www.marketwatch.com/story/meet-the-real-face-of-the-student-debt-crisis-2016-10-10
DetailsAlmost every adult in the UK has some sort of debt. Whether it be an overdraft, credit card, loan, car finance, mortgage, or even a student loan, most of us owe money to somebody else. Whilst most people are able to manage their debts quite well and ensure that they have enough…
DetailsUpdated Oct. 10, 2016 9:24 a.m. ET BEIJINGChina unveiled a controversial loan-relief plan that could help companies reduce their mounting debt loads but leave banks more strapped for capital. The continued economic slowdown has made it harder for businesses to repay debts that have been piling up at an alarming rate in recent years as…
DetailsConsolidation. Its a word used widely in financial circles. Consolidation of debt (translation: combining lots of different credit cards into one seemingly simple yet unmanageable whole). Consolidation of assets (translation: combining liabilities into one seemingly simple yet unmanageable whole). You get my drift. So, consolidation is not always a good thing. I wonder if this…
DetailsChina unveiled guidelines on Monday to reduce rising corporate debt levels which some analysts fear could destabilize the worlds second-largest economy. The government will take a multi-pronged approach to cutting company debt, including encouraging mergers and acquisitions, bankruptcies, debt-to-equity swaps and debt securitization, according to guidelines issued by State Council, or the cabinet. Corporate China…
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