Comments (0) SHOCK figures released this week have shown that the average amount of family debt has risen. Many families are now saddled with debt of around £13,000, which has rise from around £9,000 before. Locally those who offer help to people crippled by debt have spoken of the expert help they can offer. It is…
Abengoa SA, the Spanish renewable energy firm fighting to avoid bankruptcy, plans to shrink itself by about a third under a business plan aimed at convincing creditors it can survive as a smaller company, according to a person familiar with the matter. The company will reduce revenue by about 30 percent from the 7.15 billion euros…
CHEYENNE WINhealth Partners, once the second-largest health insurance company in Wyoming, will be liquidated. Laramie County District Judge Thomas Campbell signed an order Tuesday to liquidate the company because he determined it was insolvent. Liquidation means the dissolution of a company whose assets are turned into cash to pay off its debts. Wyoming Insurance Commissioner…
Three men have been arrested while police hunt for two accomplices, after a 23-year-old man was allegedly scammed out of HKD1 million in Macau this month. According to Apple Daily, the victim, surnamed Wong, is a second-year student at university in the UK, who had made a short trip to Macau earlier this month while…
The financial services sector has been reeling under the pressure of mounting bad assets, including failed restructuring attempts, and the situation seems far from over. The proposed Bill on bankruptcy, consolidating the existing scattered laws relating to insolvency of companies, is a noteworthy move by the government for accelerating the winding up process for defaulting…
Police arrested three men and were hunting two of their accomplices for allegedly conning a 23-year-old student from a wealthy family in a HK$1 million gambling scam in Macau, Apple Daily reported on Friday. The victim surnamed Wong, a sophomore at a university in the UK who has just returned to Hong Kong for the New…
ROBERT KITCHIN/FAIRFAX NZ Dick Smith stores have remained open while receivers and administrators try to get the business sorted for sale. Almost 200 Dick Smith New Zealand employees are owed $353,000 by the company and it is uncertain whether they will get their money. Dick Smith’s administrators McGrathNicol held the first New Zealand creditors meeting…