The Association of Personal Insolvency Practitioners (APIP) is meeting today to discuss whether it should continue to do specific types of debt arrangements after legal opinion emerged questioning if these comply with the law. The issue involves personal insolvency arrangements (PIAs) that also include split mortgages. A PIA is the restructuring of mortgage and other…
©Getty Graffiti in central Athens It has been a defining feature of the bailout of Greece by the eurozone and International Monetary Fund that the creditors have done the right thing years later than they should. Tuesdays meeting of the eurogroup of finance ministers has provided the chance for eurozone governments to address the questions…
There were 45 people experiencing insolvency in Mandurah, the third highest after Wanneroo and Rockingham. The statistics from three cities were the main contributors to a 13.1 per cent increase in the number of debtors in WA in the March quarter. The number of debtors who entered a personal insolvency increased 1.5 per cent in…
NEW YORK (TheStreet) — Shares of Chesapeake Energy (CHK) are advancing 7.08% to $3.93 in early-afternoon trading on Tuesday after announcing that it has issued or agreed to issue roughly 5% of its outstanding shares in exchange for debt during the past week. The transaction is the second time this month that Chesapeake has swapped debt…
The Sports Authority will begin its going-out-of-business sales at all 463 of its stores on Wednesday after failing last month to find a bidder in a bankruptcy auction willing to keep it going as a smaller retailer, according to court documents filed this week. The debt-laden retailer filed for Chapter 11 protection in federal bankruptcy…
International Business Machines is believed to be moving in the right direction by reducing costs and investing in secular growth Published By: Angela Campbell on May 24, 2016 10:28 am EST International Business Machines Corp (NYSE:IBM) is one of the oldest and largest companies known in the computing space. IBM has played an important…
An extraordinary meeting to discuss a town theatre is taking place next week. Wellingborough Council has called the meeting on May 31, which will include discussion of a report on The Castle. Details of the report have not yet been published by the council, but the meeting comes after The Castle (Wellingborough) Limited, which ran…
May 24, 2016 11:34 AM SHARES of Thai Beverage Public Co (ThaiBev) gained 1.7 per cent or 1.5 Singapore cents as at 11.07am on Tuesday to trade at 87.5 Singapore cents as a Religare report speculated about a potential restructuring of the Chang beer brewer. Religare analyst Nirgunan Tiruchelvam raised his target price for the…
Five years after handing Greece the biggest sovereign-debt write-off in history, European policy makers have come full circle to the point they had all hoped to avoid: a real discussion on debt relief. Despite all the efforts to shrink Greeces debt since the start of the financial crisis, the countrys economy has shrunk at a…
Almost a quarter of adults (23.8%) living in the Derry and Strabane District Council area are living in debt. This is a staggering 7.7% more than the national average – and means most households are dealing with serious debt. This is in line with figures from across Northern Ireland which show that 1 in 5…