The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…
The student loan debt crisis has become one of the big moral and political quandaries of our age. 44 million Americans owe over $1.4 trillion in total debt, which is almost double that of total U.S. credit card debt. Even worse, those in debt are young, productive Americans who have to deal with this burden…
The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…
DECEIT: Steve Josifovski thought he could trust his old school friend Lemuel Page, but eventually became just another of the con man’s many victims. Inset: Page and his then wife Fiona at a Josifovski family function in happier times. EVEN now, years later, Steve Josifovski doesnt want to believe he was ripped off. After all,…
This summer has been a DIY disaster for the UKs two biggest home improvement chains with both reporting falling sales as they struggle with wet weather and disruption from major restructuring plans. Kingfisher, Europes largest home improvement retailer, reported a 4.7% fall in sales at its established B&Q stores in the three months to the…
A person who has to receive a payment from an insolvent company can now seek the claim under the insolvency law as the revised regulations have enabled owners of undelivered flats to get relief. Till now, only financial and operational creditors were permitted to seek claims under the Insolvency and Bankruptcy Code (IBC). The revised…
Vandana Ramnani Moneycontrol News With the Real Estate (Regulation and Development) Act 2016 (RERA) tightening the noose around the developer community, some of them may have found liquidation proceedings or the bankruptcy law as an avenue to escape the ambit of the state regulator, say legal experts. Insolvency cases are likely to go up going…
Multinational telecom operator Ericsson which carries 40% of the worlds mobile traffic on its networks and is Swedens second largest company by revenue reported another disappointing quarter last month. As response, the troubled companys new CEO Börje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake.…
There has been 41 bankruptcy adjudications in Louth since 2014, according to the Insolvency Service of Ireland, who released its Q2 statistical report for 2017 recently. This represents a rate of 4.4 adjudications per 10,000 adults in Louth. This compares to 7.6 adjudications in Monaghan, 6.2 per 10,000 adults in Meath and 3.7 in Dublin.…
Debt consolidation and debt restructuring are two separate debt repayment programs and National Debt Relief shares the difference between the two. The article titled “Debt Consolidation Vs. Debt Restructuring” and released August 14, 2017 takes a look at the distinct differences between the two to help consumers make better and informed decisions. New York, NY…