Rep. Katrina Shankland (D-Stevens Point) A series of bills signed into law by Governor Scott Walker last week are designed to help reduce college debt and get students into the workforce more quickly. Supporters of the bills say they are a good step in the right direction towards preventing future debt. Critics contend the state…
DetailsGerman Chancellor Angela Merkel and IMF Managing Director Christine Lagarde agreed that the Fund will participate in monitoring Greeces bailout program but disagreed on a debt haircut. The two women met in Berlin on Tuesday during a conference of global economic leaders. Merkel said that a debt haircut for Greece was not possible as long…
DetailsA new campaign has been launched to outlaw late payments in a bid to save hundreds of Peterborough companies. Called #PayFair, the initiative aims to make Peterborough a no-tolerance city for the late payment of bills among companies. It asks firms to commit to paying on time. Figures show that 620 Peterborough companies closed last…
DetailsAMERSHAM, England–(BUSINESS WIRE)–Today, the law changes to allow the reforms under LASPO (Legal Aid, Sentencing Punishment of Offenders Act 2012) to apply to insolvency proceedings. It will fundamentally improve the way cases are resolved for creditors, with significantly greater returns and more rapid resolutions compared to CFA/ATE cases. The reform, instigated by the Ministry of…
DetailsA Queensland travel company that has collapsed into liquidation is being dragged to court by the Australian Communications and Media Authority. Getaway Escapes is being taken to the Federal Court for allegedly breaching its obligations under the Do Not Call Register Act and Telemarketing and Research Industry Standard. This is the first time ACMA has initiated…
DetailsJOHN KIRK-ANDERSON/FAIRFAX NZ Stonewood Blenheim Region director Brent Mettrick is putting the company into liquidation after its franchise arrangement was cancelled by new Stonewood owners, Inno Capital. The Stonewood Homes franchise that was created to salvage the builds and reputation of the brand in Marlborough is going to be placed into liquidation, its director says. Stonewood…
DetailsKylie Hollard. The Dick Smith collapse has led to an investigation by National Australia Bank and HSBC to explore action against the six former directors of the company and its auditor, Deloitte, but who really is to blame? Should creditors be aware of the warning signs? Staples Rodway Associate, Kylie Hollard, tells us the warning…
DetailsApril 5, 2016 2:01 p.m. ET WILMINGTON, Del.There is no sign of a quick end to the long-running fight over how to divide the remnants of Nortel Networks Corp., a legal battle that has kept the defunct telecommunication companys investors and former employees waiting for years to be paid. Nortels U.S. unit, bondholders, Canadian creditors…
DetailsAfter many dramas and twists, this morning Tel Aviv District Court judge Eitan Orenstein sent Inbal Or’s company Or City Real Estate into liquidation. Reading his decision, Orenstein said there was “no hope of rehabilitating the company.” He ordered the appointment as liquidator to all the companies in the group the person who…
DetailsChancellor Angela Merkel said in Berlin Tuesday that a debt haircut for Greece was not possible as long as the country remains in the eurozone, adding that Germany wanted a quick conclusion of a bailout review. The IMF has fought shy of participating in the bailout without a firm promise of debt relief for…
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