A wave of corporate collapses is expected in both mainland China and Hong Kong as insolvency cases look set to soar in a slowing economy, says credit insurer. Fabrice Desnos, head of Asia-Pacific of credit insurer Euler Hermes, said insolvency cases in mainland China were expected to increase 20% this year, following a 24% jump…
A travel agency that was turning over approximately $2 million annually has collapsed into voluntary administration after a proposed merger fell through. The travel divisions of Round the World Experts Pty Ltd and RTWexperts Pty Ltd entered voluntary administration on May 9, with Timothy Mableson and Martin Lewis of Ferrier Hodgson appointed to manage the…
Comments AA Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief. Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay…
ATHENS Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief. Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF…
ATHENS Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief. Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF…
A Greek national flag flutters atop the parliament building in Athens, Greece April 11, 2016. Reuters/Alkis Konstantinidis Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief. Athens hopes the measures, two days before a key…
Share Tweet Share Share Email Occasionally, without us realising it, the money we borrow can reach overwhelming proportions. At this time, when we do not know where to appear for help, it is wise to consult a debt mediating agency as theyll have several choices which you could use to enhance your financial situation. What…
Churches Together in Boston is encouraging those facing financial anxiety to contact a dedicated debt centre it supports in partnership with the charity Christians Against Poverty. The scheme says it finds that poor mental health often runs hand-in-hand with financial difficulties and, in this Mental Health Awareness Week, the centre is highlighting that debt help…
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…
By: 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…