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Daily Archives: May 23, 2016

The gambler, golfer and chairman: A web of debt and insider tips – The Denver Post

GamblingBy Insolvency GuardianMay 23, 2016

The tips came to Billy Walters, the Las Vegas high-roller, by prepaid burner phones and during lunch meetings. From there some were fed to Phil Mickelson, one of the worlds most beloved golfers. The code word at the center of the scheme: Dallas Cowboys. What began with a friendship forged over gambling, golf and business…

Greece Eyes Debt Relief After Passing Key Tax Hikes – Fortune

Debt HelpBy Insolvency GuardianMay 23, 2016

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 meeting of Eurozone finance ministers, will help it unlock the funds it needs to pay off debts…

Linc Energy to go into liquidation: Former employees among creditors owed $320m – ABC Online

LiquidationBy Insolvency GuardianMay 23, 2016

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation. The meeting went for just half an hour in Brisbane and the several creditors present did not ask any questions. PPB had recommended to creditors that Linc Energy be wound up. PPB Advisory…

Baby boomers dealing with debt can find financial help – Detroit Free Press

Debt HelpBy Insolvency GuardianMay 23, 2016

The Eldercare.gov site connects seniors to local resources.(Photo: Susan Tompor) Story Highlights Some struggling seniors can boost their budgets by up to 29% by tapping into more benefits. An Eldercare Locator can connect caregivers and others to support services and local agencies. Nearly 60% of seniors in Detroit and some nearby cities do not have…

After the tsunami: banking is set for recovery – Financial News (subscription)

Debt HelpBy Insolvency GuardianMay 23, 2016

iStockphoto/FN montage How it felt: working in a bank has been like getting hit by a tsunami, but now the industry is getting back into its depth What slammed into the banks was not seawater but a huge, moving wall of regulation that knocked bankers off their feet and left them fighting to survive as…

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