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Daily Archives: January 20, 2019

More financial education needed to help Brits stay debt-free – ChristianToday

Debt HelpBy Insolvency GuardianJanuary 20, 2019

(Unsplash/RawPixel) A Christian charity is calling for more financial education on Blue Monday as people across the UK struggle with rising levels of personal debt. After the Christmas splurge, millions will be coming face to face with the cost of the celebrations as the credit card bills come through the letter box on Blue Monday,…

No need to hear out 3rd party during insolvency admission, NCLAT tells NCLT – Business Standard

BankruptcyBy Insolvency GuardianJanuary 20, 2019

The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party, other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself, at the time of the admission of a case. We…

The bad bet: How Illinois bet on video gambling and lost – Chicago Sun-Times

GamblingBy Insolvency GuardianJanuary 20, 2019

With the last streaks of daylight fading on a mild October evening, the cars pulled up in waves at Pieros Italian Cuisine, an old-school Las Vegas hotspot known for its osso buco. Cadillacs with tinted windows. Taxis and rideshares. A black Bentley limousine and a white minivan. Men and women emerged, most casually dressed, there…

Government stepping in to help expedite the resolution of top defaulters – Economic Times

LiquidationBy Insolvency GuardianJanuary 20, 2019

Four days after Indias biggest lender rushed to sell its outstanding advances to Essar Steel, New Delhi appears to be stepping in to help expedite the resolution of top 12 default cases that make up about a fourth of the countrys bad-loan pile. The government has called a meeting on Monday with the resolution professionals…

Insolvency and Bankruptcy Code, NCLT have improved borrowing & lending since Congress era – ThePrint

BankruptcyBy Insolvency GuardianJanuary 20, 2019

Increase in conversion of NPAs into standard accounts and decline in new accounts falling in NPA category show a definite improvement in the lending and borrowing behaviour. New Delhi: The Congress left behind the legacy of an anachronic system of resolving commercial insolvency. The Companies Act had a provision of winding up a company if…

Nathan Tinkler talks Knights, regrets and the Jets in new interview – Newcastle Herald

BankruptcyBy Insolvency GuardianJanuary 20, 2019

newsletters, editors-pick-list, NATHAN Tinkler says that while his time as the Hunters best known coal baron may not have gone to plan, he is not regretful of his tenure owning the regions two major sporting flagships. Speaking to yourmoney.com.au, Tinkler denied any wrongdoing in the appalling event of ICACs Operation Spicer hearings and said the…

How Illinois bet on video gambling and lost – Peoria Journal Star

GamblingBy Insolvency GuardianJanuary 20, 2019

This story is a collaboration between ProPublica Illinois and WBEZ Chicago, co-published with the Chicago Sun-Times. The machines, which legislators said would generate billions of dollars in revenue for the cash-strapped state, are spread out over 6,800 establishments, dotting highways and towns from Winnebago County in the north to Alexander County in the south. Step…

3 colleges that help with student debt – Albany Times Union

Debt HelpBy Insolvency GuardianJanuary 20, 2019

FILE- This Jan. 8, 2015, file photo shows a row of chairs with the “Pitt” logo, for the University of Pittsburgh before… Read the full article at: https://www.timesunion.com/business/article/3-colleges-that-help-with-student-debt-13547048.php

How Illinois bet on video gambling and lost – The State Journal-Register

GamblingBy Insolvency GuardianJanuary 20, 2019

Legalizing video poker and slots was supposed to generate billions of dollars for the state. A decade later, that hasnt happened. Now, legislators want to double down on gambling. Nearly a decade ago, Illinois lawmakers legalized video gambling. Today, more than 30,000 video slot and poker machines operate outside casinos here, more than any other…

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