Law Firms Posted Apr 29, 2016 05:50 am CDT By Debra Cassens Weiss Several BigLaw firms are replicating a Latham & Watkins program to connect associates with banks willing to refinance their student debt. According to the Am Law Daily, the banks refinance the debt at rates as low as 2.5 percent (at First Republic…
The upswing was the first increase since Q1 2014, and was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015. A total of 804 companies were subject to a compulsory winding-up order in Q1 2016, a 36% increase on the previous quarter but 11.5% lower than Q1…
MORE companies went into insolvency in the first three months of 2016 at 3,694 than they did in the final quarter of 2015 but still some 3.6% below the same period in 2015, the latest figures from the Insolvency Service reveal. The 5.4% rise marked the first uptick since Q1 2014, primarily caused by a big…
Now watching Next video starts in : 7 Play Puerto Rico’s Looming Debt Deadline: Will Congress Help? Replay video … Read the full article at: http://finance.yahoo.com/video/puerto-ricos-looming-debt-deadline-190606827.html
The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate rather than closing the company, as is the common prescription under the countrys current laws. Jacob Saah, the Executive Secretary of GARIA Mr. Jacob Saah, the Executive Secretary of GARIA made the call…
Human Services Minister Alan Tudge in Sydney. Photo: Kirk Gilmour Alan Tudge clearly remembers the moment he came face-to-face with problem gambling in Australia. Five years ago a member of his Aston electorate in Melbourne’s outer east was bankrupted after racking up an $80,000 debt betting online credit with Sportsbet, owned by Irish gambling giant…
The amount UK consumers owe on loans and credit cards grew by £1.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic. Bank of England figures show outstanding borrowing on credit cards increased by £635m over the month, compared with an average increase of £400m over the…
The number of people going into a type of personal insolvency known as “bankruptcy light” increased during the first three months of 2016, official figures show. The Insolvency Service said 6,722 debt relief orders (DROs) were taken out between January and March across England and Wales – marking a 3.4% increase compared with the previous…
… Read the full article at: http://www.expressnews.com/business/local/article/Symphony-donors-negotiate-debt-reduction-plan-for-7382514.php
Puerto Rico is facing its biggest debt deadline yet on May 1, but Congress, which experts say is the territory’s only hope, likely won’t be doing anything about it. Congress holds keys to solving the situation,” economist Aleksandar Tomic told ABC News about the territory’s $73 billion debt crisis. On May 1, a $422 million…