November 10, 2016 - Insolvency Guardian

Turnbull: ‘We don’t want Australians travelling to South East Asia for these sexual criminal activities’ – NEWS.com.au

BankruptcyBy Insolvency Guardian November 10, 2016

Prime Minister Malcolm Turnbull told 3AW his government is working on a plan to cancel the passports of convicted paedophiles. Picture: Kym Smith CONVICTED Australian paedophiles will have their passports cancelled in a federal government crackdown to prevent offenders travelling overseas and targeting vulnerable children, according to prime minister Malcolm Turnbull. In the past year,…

Insolvent Czech miner OKD sues investors for $987 mln – Reuters

BankruptcyBy Insolvency Guardian November 10, 2016

(Adds background) Nov 10 Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million). An OKD spokesman said the lawsuit was filed with the regional court in the Czech Republic city…

How you could save under Trump’s student loan repayment plan – CNBC

Debt HelpBy Insolvency Guardian November 10, 2016

Take this example: A borrower with $70,000 of federal student loan debt, an average interest rate of 5.5 percent and an income of $50,000 (growing 3 percent annually) would pay about $89,600 over the course of 20 years under a Pay As You Earn plan, introduced by the Obama administration in 2012. Under Trump’s repayment…

Insolvent Czech miner OKD sues investors for $987 mln – Daily Mail

BankruptcyBy Insolvency Guardian November 10, 2016

By Reuters Published: 04:54 +11:00, 11 November 2016 | Updated: 04:54 +11:00, 11 November 2016 e-mail PRAGUE, Nov 10 (Reuters) – Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million).…

CompaniesRestructuring costs push Noble Group to further losses – Financial Times

RestructuringBy Insolvency Guardian November 10, 2016

Noble Group chalked up another quarterly loss as it was forced to shun potentially profitable trading opportunities to focus on paying down debt and conserving capital. In the three months to September the Hong Kong-based group recorded a net loss of $28.1m, against a profit of $24.7m a year earlier as it took a $60m…

With student debt sky-high, can you afford to help your kids with college costs? – CNBC

Debt HelpBy Insolvency Guardian November 10, 2016

The kicker is, the couple had been supporting their adult kids all along, paying some of their college tuition, ponying up living expenses and even putting gas in one child’s car. These “kids,” as they called them, were also 28, 26 and 21 years old! For Ted and Linda, getting their kids through college was…

PDC Group attracts US buyer – Business News

BankruptcyBy Insolvency Guardian November 10, 2016

Applecross-based PDC Group has entered into an agreement for the sale of its building information modelling management business to a US construction services firm for an undisclosed sum. DBM Global, a steel construction services business and a subsidiary of diversified New York Stock Exchange-listed financial services firm HC2 Holdings, has agreed to buy PDC BIM,…

Stournaras: Greece to ease capital controls soon, needs debt measures – Kathimerini

Debt HelpBy Insolvency Guardian November 10, 2016

Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis Stournaras said. Propped up by three successive bailouts, Greece hopes to emerge from a long recession next year. But…

Greece to ease capital controls soon, needs debt measures: Stournaras – Investing.com

Debt HelpBy Insolvency Guardian November 10, 2016

© Reuters. A man walks past the headquarters of the Central Bank of Greece in Athens By George Georgiopoulos and Balazs Koranyi ATHENS (Reuters) – Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset…

Greece to ease capital controls soon, needs debt measures: Stournaras – Reuters

Debt HelpBy Insolvency Guardian November 10, 2016

By George Georgiopoulos and Balazs Koranyi | ATHENS Greece will soon ease capital controls further but full liberalization will depend on progress in easing the country’s debt burden, which is also a precondition for entering the ECB’s asset buying scheme, central bank chief Yannis Stournaras said. Propped up by three successive bailouts, Greece hopes to…

Daily Archives: November 10, 2016