The OKD hard coal company, belonging to New World Resources which is in controlled by the by the so-called Ad Hoc Group, filed for insolvency on Tuesday; the move had been expected after the government made clear last week it would not step in to help the long-ailing firm. The company issued a statement that…
DetailsA church-based charity is celebrating three years of helping people from personal debt. In May 2013, members of seven Hastings and St Leonards churches decided they wanted to do more to help the community and partnered with UK debt counselling charity, Christians Against Poverty (CAP) to open a local branch. The team has helped more…
DetailsPremier Annastacia Palaszczuk has affirmed her commitment to regional schools arts touring as the organisation responsible for delivering the program battles extreme financial hardship. Artslink Queensland, formerly known as the Queensland Arts Council, has entered voluntary administration with the first creditors meeting held on Tuesday morning. Artslink Queensland, formerly known as the Queensland Arts Council,…
DetailsNational Debt Relief recently shared in an article published March 31, 2016 some financial tips to help consumers become millionaires in the future. The article titled “How To Become a Millionaire Without Really Trying” lists down some ways people can make small tweaks in their financial approach to help them prepare for the future. Los…
DetailsI am a UAE national with a nice salary but recent circumstances have put me in trouble and I am in a lot of debt. My salary is nearly Dh50,000, but the Equated Monthly Installment (emi) on my loans is Dh90,000 plus. My total loan amount is very high at nearly Dh1 million. Im willing…
Details2nd May, 2016, 9:55 PM By Tom Tibble Former West Ham star Lucas Neill has been declared bankrupt in the UK despite earning an estimated £27million in his career, according to a report. The retired Australian defender spent half of that high-level playing-career in the Premier League, amassing 96 international caps, and represented West…
DetailsBy In-Soo Nam SEOUL– Hanjin Shipping Co., South Korea’s largest container operator by capacity, reached out to owners of its chartered fleet and terminal operators to say it can’t survive unless they help with its debt-restructuring efforts. In a letter to foreign owners, Chief Executive Suk TaeSHY-soo said the debt-saddled operator faces serious challenges as…
DetailsMonday May 02, 2016 Adelaide has lost another 45 jobs with a Brompton-based electrical contracting company going into liquidation. Monday May 02, 2016 Monday May 02, 2016Comments Comments Print article … Read the full article at: http://indaily.com.au/business/2016/05/02/45-jobs-lost-as-vip-electrical-goes-into-liquidation/
DetailsSAN JUAN, Puerto Rico – Puerto Rican officials warned Monday the island’s default on a $422 million bond payment is only the beginning if the U.S. Congress doesn’t help resolve the situation soon. The U.S. island territory did not make nearly $370 million of the payment that was due, the third and largest since 2015.…
DetailsIts almost certainly the end of The Sports Authoritys road. In March, the debt-laden retailer filed for Chapter 11 protection in federal bankruptcy court in Delaware, saying that it would close about 140 of its 463 stores. But last week, The Sports Authority gave up hope it could re-organize under bankruptcy protection, opting instead to…
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