If youve ever been to the emergency room, you know the cost of a single visit can leave you feeling worse than before you got there. Medical debt is a huge problem — one in five Americans have it and its the most frequent cause of bankruptcy in the United States. Experts with RIP Medical…
By Jarrett Renshaw Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner NEW YORK (Reuters) – U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to…
The administrator of collapsed snack business Johns Nuts says franchisees have been left in a very challenging condition after the company entered voluntary administration at the end of January. On January 30, Michael Caspaney of Menzies Advisory was appointed to the five companies that operate the Johns Nuts business, a kiosk-style snack food operator that…
Anglo American has changed almost beyond recognition since a restructuring and sales programme was started in 2013 to address enormous debt, with the company on Thursday posting its highest dividend in a decade and slashing debt. Anglo CEO Mark Cutifani made the point several times during the diversified miners annual results presentation that the company…
Introduction Illiquidity Bow wave theory Decision Consequences for practice Introduction German regulations obliging managing directors to monitor the liquidity of a company during crisis situations are typically rather strict and give rise to the risk of personal liability in cases of non-compliance. Legislation requires company management to file for insolvency proceedings without undue delay in…
It sounds like a far-fetched concept from a movie – an ecological project which sees a remote country trade some of its unspoiled “terrain” for a financial aid package that is backed by four of the planet’s most significant economies and a world-famous film star. But the plan which is currently taking shape in the…
There is no denying that America suffers from a student loan debt crisis, as even young accountants can find themselves saddled with debt which is not easily forgiven. The statistics at this point are well known: 44 million young Americans owe $1.48 trillion, with private loans hitting $7.8 billion in 2014-15. While private loans may…
Do you sometimes feel like youre not making progress on your debt? Theres probably a reason for that: A good chunk of each monthly payment goes toward interest. If you want to get off the debt treadmill, one strategy is to consolidate your credit cards into a single payment. Personal loan companies can help you…
VICTORIA (Reuters) – The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week in return for a novel deal relieving it of part of its sovereign debt. The Indian Ocean island, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt…
By Stephen Gibbs for Daily Mail Australia Published: 17:09 AEDT, 22 February 2018 | Updated: 21:42 AEDT, 22 February 2018 e-mail 24 View comments Sydney’s Star casino lost or destroyed two cheques totaling $7million it was given as security by a high-rolling Chinese gambler. The casino admitted in the New South Wales Supreme Court the…