National Debt Relief recently shared in an article published April 15, 2016, how finding a loved one plays into the whole financial management goal of a person. The article, titled “Want To Achieve Financial Success? Choose Your Life Partner Wisely,” takes a look at how emotions can be a crucial factor in people’s finances. New…
DetailsThe Code does not currently make much sense for operational creditors The government has brought in this Code, largely modelled on the U.S. Bankruptcy Law, with the good intention of facilitating timely resolution of corporate bankruptcy. However, a critical reading of the legislation reveals that unless necessary changes are made to it, the legislative intent…
DetailsClock’s ticking: Laura Ashley is among retail businesses to have died recently. In good news for insolvency firms but not much else, insolvencies are rising and the number of retailers appointing external administrators is also up. Electronics chain Dick Smith, home furnishings company Laura Ashley Australia and clothing retailer Man To Man are among retailers to have gone under recently. John…
DetailsOn Thursday the Congressional Black Caucus PAC, with a 20-member board including 11 lobbyists, 7 elected officials, and 2 people who work for the PAC, endorsed Debbie Wasserman Schultz. The CBC-PAC is the political arm of the Congressional Black Caucus. If this is supposed to mean black folks have confidence in Debt-Trap Debbie, the CBC-PAC,…
DetailsBASIC FLAW:Unwittingly the Code, as it is, would facilitateease of undoing business. The government has brought in this Code, largely modelled on the U.S. Bankruptcy Law, with the good intention of facilitating timely resolution of corporate bankruptcy. However, a critical reading of the legislation reveals that unless necessary changes are made to it, the legislative…
DetailsMACAU Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the worlds largest gambling hub as high-roller VIP gamblers are retreating. Chinas slowing economy and a pervasive campaign against graft has sapped demand from wealthy gamblers and prompted operators in the southern Chinese territory to shift their focus to…
DetailsPractitioners have welcomed a proposed shakeup of the UKs corporate insolvency regime which would introduce a three-month moratorium on pursuing legal action against struggling businesses looking at rescue options. Measures are also proposed to help businesses continue trading through the restructuring process by preventing them from being ‘held hostage by key suppliers, and to develop a…
DetailsFianna Fáil is calling for amendments to the personal insolvency legislation. The party has said the law is not fit for purpose and must be changed to put home owners first. The call comes as new figures show just 4 review applications were approved by Insolvency Service of Ireland – since it was granted limited…
DetailsAfter more than 30 years, the Perth Theatre Company has gone into voluntary administration. The theatre said the company’s business and financial model was un-sustainable in the current economic environment. Company chairman Dr Saliba Sassine said the theatre had not been successful in finding a solution to its financial problems and had now decided…
DetailsSome student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced…
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