Over 22000 youths declared bankrupt in past 5 years – The Rakyat Post

KUALA LUMPUR, 8 Oct 2016:  Poor financial management resulted in 22,663 Malaysians under the age of 35 being declared bankrupt between 2011 and September 2015, according to the Malaysian Financial Planning Council (MFPC). Deputy president Michael Kok Fook On said this group of people fail to manage their financial resources and do not understand the importance of proper…

Bankruptcy code: Centre issues three more draft guidelines – The Indian Express

By: ENS Economic Bureau | New Delhi | Published:October 12, 2016 1:20 am To put the recently enacted Insolvency and Bankruptcy Code into practice, the government on Tuesday unveiled three sets of draft rules specifying how to make an application to the adjudicating authority, the insolvency resolution process for corporate persons and liquidation of insolvent…

Company operating Devon wedding venue used by Peter Andre ceases trading leaving brides in the lurch – Plymouth Herald

Insolvency practitioners have confirmed that the company operating the Devon wedding venue used by Peter Andre has ceased trading leaving brides-to-be, unpaid staff and suppliers thousands out of pocket. Mamhead House and Castle Ltd is said to owe £150,000 to a string of creditors including brides due to get married at the luxury venue. Now,…

EnerNOC to Restructure its Energy Intelligence Software Business – ACHR NEWS

BOSTON EnerNOC Inc., a provider of energy intelligence software (EIS) and demand response solutions, announced that it is restructuring its subscription-based EIS business to refine its focus to select industry segments and high potential customers. EnerNOC said this move, from broad market creation to a more targeted EIS go-to-market strategy, will materially reduce its operating expenses,…

BREXIT: Manufacturing and retail businesses at biggest risk from economic uncertainty, according to survey – Out-Law.com

The firm surveyed attendees at the Pinsent Masons Restructuring and Insolvency Conference last week, to gauge their views towards some of the issues impacting the industry in 2016. Of the over 400 attendees at what is the largest industry conference in Europe, 62% believed that business failures would increase in the aftermath of the UK’s…

GPs slammed for charging people who seek help for debt crisis £150 to fill out PAPERWORK – The Sun

THAT WILL BE £150! The campaign has been backed by a number of mental health charities A NEW campaign is attempting to block GPs earning money from doing patients paperwork. The movement, fronted by MoneySavingExpert.com founder Martin Lewis, aims to prevent NHS doctors charging mental health patients to fill in forms to get them financial…

ASC to be split in three but not privatised – The Australian Financial Review

“It is important to note that the Government does not have a plan to privatise these three new companies.” Alex Ellinghausen The Turnbull government insists it has no plans to privatise the taxpayer-owned shipbuilding firm ASC but has announced a restructuring of the company’s shipbuilding, infrastructure and submarine operations which would pave the way for a…