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Daily Archives: April 7, 2017

HHGregg plans company closures, liquidation – Local 8 Now

LiquidationBy Insolvency GuardianApril 7, 2017

INDIANAPOLIS, Ind. (WTTV) — Appliance and electronic store HHGregg informed employees that all company stores nationwide will be closing, CBS affiliate WTTV reports. According to WTTV, the company reportedly said they already began the liquidation process last week, and that the company will be completely out of business in around eight weeks. The company announced…

‘Serious cash’: A glimpse into Phil Mickelson’s gambling world – New York Post

GamblingBy Insolvency GuardianApril 7, 2017

A leaked Phil Mickelson voicemail provides some insight into his gambling world. The affable lefty is well known to love action on the golf course in the days leading up to a tournament or in his spare time. The message, obtained by Deadspin, is Mickelson setting up a match on a course in San Diego. Its unclear…

Australia’s $1 trillion foreign debt level should worry us all – The Sydney Morning Herald

Debt HelpBy Insolvency GuardianApril 7, 2017

When you consider how many people worry about the federal government’s debt, it’s surprising how rarely we hear about the nation’s much bigger foreign debt. When it reached $1 trillion more than a year ago, no one noticed. That’s equivalent to 60 per cent of the nation’s annual income (gross domestic product), whereas the federal net…

Business banks have an edge in capital constrained world – The Australian Financial Review

Debt HelpBy Insolvency GuardianApril 7, 2017

When Australia’s prudential regulator this week revealed plans to impose higher capital charges on housing loans it was seen in some circles as a gift for the “two stumps”. The two stumps refers to the Melbourne headquartered banks, ANZ Banking Group and National Australia Bank. They are part of the four pillars policy that stops…

Gas company goes into liquidation – Bury Times

LiquidationBy Insolvency GuardianApril 7, 2017

COMPANY 1Gas has gone into liquidation resulting in nine job losses. The company offered a range of gas services, installing meters and pipes and sourcing suppliers. Manu Mistry, financial consultant, said: On March 31, 2017, 1Gas & Power Ltd trading from Castle Buildings in Bury was placed into liquidation. Manu Mistry and Hemal Mistry of…

7 FAQs Regarding Debt Consolidation and Debt Settlement … – Card Trak

LiquidationBy Insolvency GuardianApril 7, 2017

Most Americans have multiple credit cards open with outstanding balances and sometimes juggling accounts can be real challenge. However, there are options to bring your monthly debt burden down to more managable levels.  National Debt Relief Following offered some very common questions about debt consolidation and debt settlement. Q: Can Credit Card Consolidation Cut My…

Gas company goes into liquidation – This Is Lancashire

LiquidationBy Insolvency GuardianApril 7, 2017

COMPANY 1Gas has gone into liquidation resulting in nine job losses. The company offered a range of gas services, installing meters and pipes and sourcing suppliers. Manu Mistry, financial consultant, said: On March 31, 2017, 1Gas & Power Ltd trading from Castle Buildings in Bury was placed into liquidation. Manu Mistry and Hemal Mistry of…

Indian, foreign creditors to be equal under new insolvency provisions – Business Standard

BankruptcyBy Insolvency GuardianApril 7, 2017

With the government recently notifying the cross-border insolvency provisions under the insolvency and bankruptcy law, claims of foreign creditors, as well as those of Indian creditors on foreign assets of the company going insolvent, could be satisfied by courts. However, experts believe that notifying the rules is not enough and New Delhi…

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