By NEIL HARTNELL Tribune Business Editor [email protected] A well-known QC yesterday backed calls to urgently reform The Bahamas’ ancient personal bankruptcy laws as a way to save hundreds of persons from a “deep financial grave” post-COVID-19. Fred Smith QC, the Callenders & Co attorney and partner, told Tribune Business that overhauling an Act passed in…
LONDON (AP) Former tennis star Boris Becker appeared in a London court Thursday, pleading not guilty to a string of criminal charges related to his bankruptcy case. Becker, who was declared bankrupt in June 2017, is accused of not complying with orders to disclose financial information and hiding properties in the U.K. and Germany from…
William Hill has received takeover proposals from both Apollo Global Management and Caesars Entertainment, but says there is no certainty of sealing a deal, Bloomberg reported. The UK gambling group, valued at $US4 billion (3.2 million), announced last month that it was closing 119 stores due to COVID-19. Apollo is also up against private equity…
Google will help employees pay off their student loans beginning in 2021. The company announced Thursday that it will match up to $US2,500 per employee per year, beginning with Googlers in the US. The student loan crisis in the US disproportionately affects Black borrowers, who are likely to be saddled with more debt than white…
The Group of Seven finance ministers said Friday they will support an extension of an international debt relief program to help poor countries take measures against the coronavirus pandemic. Japanese Finance Minister Taro Aso said China’s involvement in the initiative, led by the Group of 20 major economies and Paris Club traditional creditor nations, is…
This is on top of temporary rules put in place in March and extended in September for another six months, including relief for directors from any personal liability for trading while insolvent. Those temporary rules also included a provision that made it harder to issue a statutory demand for unpaid bills. The threshold was increased…
Guest post by Jonathan Munnery, UK Liquidators The coronavirus pandemic continues to leave a visible footprint as it disrupts every sector, leaving no shopfront untouched. As each business, from start-ups to SMEs establish strategies to protect their livelihoods, the economic pressure deriving from Covid-19 has pushed unstable businesses over their last leg of trading. As…
10:49 AM GMT Associated Press Former tennis star Boris Becker appeared in a London court on Thursday, pleading not guilty to a string of criminal charges related to his bankruptcy case. Becker, who was declared bankrupt in June 2017, is accused of not complying with orders to disclose financial information and hiding properties in the…
The National Union of Students has endorsed the new Student Hub resource launched by the Young Gamers and Gamblers Education Trust. Backing the website, the NUS has stated that Student Hub will act as a vital support tool for students at risk, or suffering from problem gambling during their time at university. The resource, which…
Firms that help to restructure or wind down distressed startups and other companies are seeing a big pick-up in business. At one firm Silicon Valley-based Sherwood Partners the number of calls it’s getting and deal it’s signing are up 300% from the levels they were at 12 to 18 months ago, its cofounder Martin Pichinson…