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Daily Archives: January 11, 2017

Health Republic co-op insurer is being liquidated – NJBIZ

LiquidationBy Insolvency GuardianJanuary 11, 2017

(THINKSTOCK) Health Republic of New Jersey, the co-op insurance company created in response to the Affordable Care Act marketplace that was put into rehabilitation late last year, is now in liquidation, according to documents filed by the state Department of Banking and Insurance last month. The document calls for a termination of the rehabilitation process…

Culleton loses position as senator – Perth Now

BankruptcyBy Insolvency GuardianJanuary 11, 2017

Independent senator Rod Culleton has lost his spot in the Senate after he was declared bankrupt by a Federal Court judge. Senate president Stephen Parry has informed Mr Culleton and WA governor Kerry Sanderson there is a vacancy because the former One Nation member has been disqualified from the position as he is an “undischarged…

BoF Exclusive | KCD Announces Major Management Restructuring – The Business of Fashion

RestructuringBy Insolvency GuardianJanuary 11, 2017

NEW YORK, United States In 1990, Julie Mannion and Ed Filipowski, then-employees at fashion public relations firm KCD, were named agency partners. Nearly 30 years later, as the industry continues on a path of rapid transformation, Mannion and Filipowski are doing the same for eight of their most seasoned employees across the globe. And restructuring…

NBU declares Platinum Bank insolvent – Interfax

BankruptcyBy Insolvency GuardianJanuary 11, 2017

2017-01-11T11:37+02:00 11:37 11.01.2017 The Board of the National Bank of Ukraine (NBU) on January 10 issued decision No. 14-rsh/BT on placing the PJSC Platinum Bank (Kyiv) on the list of insolvent banks, the NBU said in a statement on its website on Wednesday. “As of January 1, 2017, the bank did not reach the positive…

Nathan Saunders killed himself by stepping in front of a train near Macclesfield – Daily Mail

BankruptcyBy Insolvency GuardianJanuary 11, 2017

Nathan Saunders had tried to kill himself three times before he was hit by train 20-year-old with five siblings worked in O2 shop and was a ‘bit of a party animal’ But he also had a history of gambling debts and was fatally struck last August Cheshire Coroner ruled he died from multiple injuries after taking…

Virginia Democrats Seek to Help Ease Student Loan Debt – WSLS

Debt HelpBy Insolvency GuardianJanuary 11, 2017

RICHMOND (WSLS 10) Virginia Democrats are proposing a way for borrowers to refinance student loans much like you refinance a house. Virginia Democrats said an estimated 629,000 Virginians could benefit from re-financing their loans. Virginians collectively owe more than $30 billion dollars in student loan debt, said Delegate Simon. This is creating a crisis that…

Debt advisors praise EastEnders for linking money worries to mental health – Metro

Debt HelpBy Insolvency GuardianJanuary 11, 2017

(Picture: BBC) EastEnders has been praised for its recent focus on debt storylines and money worries for characters, with leading debt advice provider PayPlan commending the show for linking financial difficulties with mental health in some of its scenes.  The most notable plot has seen Lee Carter get further and further into debt which, in turn, has…

National Bank of Ukraine declares Platinum Bank insolvent – Kyiv Post

BankruptcyBy Insolvency GuardianJanuary 11, 2017

The Board of the National Bank of Ukraine (NBU) on Jan. 10 issued decision No. 14-rsh/BT on placing the PJSC Platinum Bank (Kyiv) on the list of insolvent banks, the NBU said in a statement on its website on Jan. 11. As of January 1, 2017, the bank did not reach the positive value of…

Culleton disqualified from senate due to bankruptcy – SBS

BankruptcyBy Insolvency GuardianJanuary 11, 2017

Former One Nation Senator Rod Culleton has been formally disaqualified from holding a senate seat. In a statement released on Wednesday, Senate President Stephen Parry confirmed there was now a senate vacancy. “Having received the necessary documentation of the facts from relevant officials, I have informed Senator Culleton and notified the Governor of Western Australia…

Saudi Arabia plans bond deal to help finance budget deficit – Financial Times

Debt HelpBy Insolvency GuardianJanuary 11, 2017

Saudi Arabia plans to follow its record-breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdoms budget deficit and invest in economic diversification away from oil and is…

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