I have debts of about Dh130,000. I have two credit cards, both of which have been maxed; there is a Dh10,000 limit on one and Dh40,000 with another. Then I also have an Dh80,000 loan with a bank, which I have paid for almost a year now. I am only earning a monthly salary of…
DetailsWhat is Abhaile? It is the latest Government plan to tackle the problem of mortgage arrears. This new national service marks a departure in State assistance by providing free, independent expert advice and support on financial and legal issues and its number one objective is helping people stay in their home wherever possible. It will…
DetailsUS-based Karma Media Holdings has taken control of troubled local Australian streaming media company Quickflix. Voluntary administrators Jason Tracy and Richard Hughes of Deloitte announced that Karma has bought Quickflix and its assets in exchange for payment of $1.3 million. Tech and media entrepreneur Erik Pence will lead Quickflix as the managing director. Karma will…
DetailsKim Kardashians Paris robbery is making headlines today, but it didnt take long for rumors to start swirling that the multi-million dollar jewelry heist is nothing but a hoax. Was the robbery staged to help Kanye out of debt, something he tweeted about several months ago? Or did Kardashian Momager Kris Jenner need a compelling…
DetailsTo implement the restructuring, Garden Fresh has filed voluntary petitions for reorganization under Chapter 11 protection. Piper Jaffray has been engaged to assist with the anticipated sale of the business to second lien lenders, subject to higher and better bids. The Company also plans to close between 20 and 30 underperforming restaurants to strengthen its…
DetailsDissolution and liquidation Bankruptcy Penalties On December 11 2015 the Indonesian Financial Services Authority (OJK) enacted Regulation 28/POJK.05/2015 concerning the Dissolution, Liquidation and Bankruptcy of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies. The regulation was authorised by Articles 42(4), 44(3), 45(3) and 51(4) of Law 40/2014 concerning Insurance, which require…
DetailsBy NEIL HARTNELL Tribune Business Editor [email protected] Seven Baha Mar companies have now been placed into full liquidation by the Supreme Court, prompting a well-known QC to say he cant understand the legal strategy pursued by original developer, Sarkis Izmirlian. Justice Ian Winder last week appointed Baha Mars joint provisional liquidation team Bahamian accountant Ed…
DetailsBy Associated Press Published: 02:12 +11:00, 4 October 2016 | Updated: 02:12 +11:00, 4 October 2016 e-mail Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn…
DetailsAround 15m is being spent on the service, to be known as Abhaile the Irish for home. It offers financial and legal advice and will be free for those who are eligible. To qualify for the scheme, the mortgage holder must be in arrears and insolvent. People can apply for the scheme through the Money…
DetailsThe bankrupt Nick Denton company also is proposing that two-thirds of Univision’s $135 million be allocated to its Hungarian affiliate. If there’s to ever be a rebirth for Gawker.com, it won’t happen through Univision. On Friday, it was revealed in bankruptcy papers that the sale of various Gawker Media properties to Univision for $135…
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