NEW DELHI: Lenders, shareholders and even employees can seek attachment of all immovable assets, including those abroad, given as guarantee for loans by the promoters of a company going belly up to recover their dues under the new bankruptcy law. The Insolvency and Bankruptcy Code approved by Parliament earlier this month empowers employees, creditors and…
DetailsBy: PTI | New Delhi | Published:May 22, 2016 2:36 pm Photo for representational purpose Lenders, shareholders and even employees can seek attachment of all immovable assets, including those abroad, given as guarantee for loans by the promoters of a company going belly up to recover their dues under the new bankruptcy law. The Insolvency…
DetailsLenders, shareholders and even employees can seek attachment of all immovable assets, including those abroad, given as guarantee for loans by the promoters of a company going belly up to recover their dues under the new bankruptcy law. The Insolvency and Bankruptcy Code approved by Parliament earlier this month empowers employees, creditors and…
DetailsANDREW GORRIE/FAIRFAX NZ One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million. A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million. Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m…
DetailsANDREW GORRIE/FAIRFAX NZ One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million. A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million. Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m…
DetailsMaine policy group tries to help avoid college debt. Marnie MacLean , WCSH 8:36 PM. EST May 20, 2016 PORTLAND, Maine (NEWS CENTER) Maine students graduating from college owe an average of $31,000 in debt. That’s the sixth highest of all states in the country. That issue of college affordability is the subject of a…
DetailsTony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Mrs K.L. writes: My brother, who is 84 years old, has just received a letter saying he has…
DetailsThe retail bond space has just become exciting with the launch of two new frameworks last Thursday. Small investors can look forward to a wider range of retail bonds over time, up from the current 11. Under the new rules, firms that issue bonds can do away with the need to issue a prospectus –…
DetailsGOVERNMENT CHIEF WHIP Regina Doherty has defended her decision to liquidate a company in 2013. Doherty was a director along with her husband Declan of Enhanced Solutions Ltd, a company which bought and sold IT components until it went to the wall in 2009. However, it was not liquidated until 2013. The liquidators report shows…
DetailsHungarys economy minister said he expects the nations credit to be raised by two other rating companies after it regained investment-grade status from Fitch Ratings. Fitch became the first of the largest three credit assessors to reward Prime Minister Viktor Orbans push to reduce public debt and reverse measures that contributed to downgrades five years ago.…
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