Comments (0) Community leaders have called plans to cut funding for debt advice and benefit services “foolhardy” and “retrograde”. Staffordshire County Council had agreed to end the council’s £439,000-a-year contribution to the countywide debt, benefit and consumer advice service provided by the Citizens’ Advice Bureau (CAB). The decision to end the subsidy was approved by the…
In this article, we will take a look at three micro-companies ($3-35m) that are deeply undervalued and whose current market cap is lower than the liquidation price. All of them are in the gold and minerals mining business and all of them have participations in bigger companies and own their own ancillary projects, the value…
The European Commission has approved the restructuring of France’s Areva group, ruling that the French government’s plan to grant a capital injection of 4.5 billion ($4.8 billion) into Areva does not breech European Union (EU) state aid rules. France notified the commission in April last year of the planned restructuring of Areva, which is 86.5% state-owned, in…
LOS ANGELES Add Live Nation and its nearly 9,000 employees to the growing list of companies offering to help pay down student debt as an employee perk. Live Nation Entertainment is working with tech startup Tuition.io (tuition I owe, get it?) to administer the program, which Tuition.io also does for Staples, Fidelity Investments and Hewlett-Packard.…
The National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition filed by UB Engineering Ltd (UBEL), part of the Vijay Mallya-owned UB group. As part of the process, the tribunal’s Mumbai bench, where the petition was filed, has appointed insolvency professional A K Mehta to initiate the process of insolvency resolution. …
The organisation, Council Tax Advisors (CTA), will operate on a UK-wide basis and provide free help and advice to people struggling with tax arrears. Carrington Dean said this meets a growing need for help as an estimated one in 10 UK households are struggling with council tax debts. The service will help individuals by assisting…
Comments (0) Cheadle Citizens Advice Bureau (CAB) is bolstering its debt advice support as families struggle to balance their finances juggling Christmas debts with rising heating bills and other expenses. An online poll, conducted for the Money Advice Trust by YouGov, suggested that 11 per cent of consumers expect to fall behind with their finances in…
A former Scotland goalkeeper has been made bankrupt with debts of more than £210,000. Rab Douglas, who played for Celtic and Dundee and was capped 19 times for his country, was declared insolvent after failing to settle large bills. Most of the money is thought to be owed to the tax authorities and relates to…
Troubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
The National Companies Law Tribunal (NCLT), Mumbai has admitted the first insolvency proceedings initiated under the Insolvency and Bankruptcy Code, 2016 (Code) by ICICI Bank, against Innoventive Industries Ltd to commence a corporate insolvency resolution process. ICICI was represented by Cyril Amarchand Mangaldas who had briefed Zal Andhyarujina while Innoventive, the debtor company was represented by Crawford Bayley who had briefed senior counsel Ravi Kadam .…