Elyssa Kirkham Updated on March 27, 2018 March 27, 2018March 27, 2018Refinancing & ConsolidationFeatured, Loans, Personal Finance1155Elyssa KirkhamSEO Using a personal loan to consolidate debt can simplify your financial life. But this move is most worthwhile if you can get debt consolidation loan rates that are lower than what youre currently paying. It can take…
28 March 2018 Bonnier Publishing has announced it is restructuring its business in Australia, with the majority of staff at Bonnier Publishing Australia to enter into redundancy consultation. In a statement released on 27 March, Bonnier Publishing, the publishing arm of Swedish media company Bonnier Group, said the restructure is in response to changing market…
Heralded Australias largest department store, Myer, has ruled out a voluntary administration, following struggling sales, and its recent $476 million half-year loss the biggest in company history. Myer is actively hunting for a new CEO, following the departure of Richard Umbers in February. Umbers joined the retailer in 2015, and was involved in the $600 million…
MUMBAI — India has launched its recapitalization scheme totaling 2.1 trillion rupees ($32.3 billion) to help state-run banks write off nonperforming loans and put the economy back into high gear. State Bank of India, the country’s largest commercial bank, said Friday that shareholders approved a private allotment of preferential shares for the government. The bank will receive an…
EMERYVILLE, Calif., March 27, 2018 /PRNewswire/ — Student loan borrowers often feel like victims of their debt, perhaps especially if they have a high balance. Or they may feel like victims of predatory lending or of a society that pushed them to take on any amount of debt for a degree that may or may…
A former Managing Director of the GCB Bank, Mr Simon Dornoo, is to lead a team of experts from accounting and auditing firm, KPMG to revive and stabilise uniBank Ghana Limited. The revival is to help bring the bank, which was declared insolvent by the Bank of Ghana on March 20, back to…
CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company today obtained approval from the U.S. Bankruptcy Court for the Southern District of New York (the Court) of the companys plan of reorganization (the Plan). The Courts approval of the Plan is a significant milestone in the companys strategic restructuring, which involves its previously announced sale to Brookfield Business…
MUMBAI: The National Company Law Tribunal has ordered liquidation of two Rotomac group companies — Global and Exports — whose promoter Vikram Kothari is accused of being involved in a banking fraud. The order was pronounced at the NCLTs Allahabad chapter. The initial period of 180 days expired on March 19 this year, but the…
By M Umarji A new section 29A has been inserted in the Insolvency and Bankruptcy Code, 2016 (IBC 2016 ) which specifies various categories of persons who are not eligible to submit the resolution plan for insolvent companies, which includes the debtor company itself and its guarantors. It is reported that government is reviewing the…
Dominic Chappell, the former bankrupt who bought the failed retailer BHS for £1, is facing a ban on serving as a company director but previous owner Philip Green will avoid a similar fate following an investigation into the chains collapse in 2016. The Insolvency Service, a UK government agency, said on Tuesday that it intends…