Q: It feels like Ive been in debt forever. Even while I was married and we both earned enough to pay our bills, it seemed like no matter how much we paid, debt was the silent partner in our marriage. Now that Im on my own again and have been surviving on pandemic pay since…
Steve Ramsey gets his feet repaired at The Hawthorns At the peak of his addiction, Steve Ramsey was placing 500 bets on football a day. “It was the in-play betting that did me over,” he says, shortly after leaving Wolverhampton Wanderers’ Molineux ground on a 130-mile walk this week to highlight football’s relationship with gambling.…
As businesses continue to be affected by the new normal, many are expected to restructure their debts after the moratorium ends on Sept 30 by NUR HANANI AZMAN / pic by RAZAK GHAZALI MORE corporates are expected to descend into defaults as the business disruption brought about by the Covid-19 pandemic continuing to unfold resulting…
(Bloomberg) — Singapores central bank is in talks with lenders about extending the nations debt moratorium program beyond Dec. 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to people with knowledge of the matter. One of the key measures being discussed by the Monetary Authority of Singapore…
Bench took decision after banks from whom the ex-IAS officer took loan objected to the pleaThe Ahmedabad bench of National Company Law Tribunal has rejected a petition filed by former IAS officer Sanjay Gupta to put up one of his group companies in liquidation under the bankruptcy law. The bench took the decision after the…
Bain Capitals acquisition of Virgin Australia Holdings (VAH) is on track for October completion, administrator Deloitte has indicated in a letter to creditors and employees. Creditors had on 4 September accepted a proposal that is structured around 10 deeds of company arrangement (DOCAs) for all 41 VAH entities in voluntary administration. I confirm the DOCAs…
Ahead of the budget, the government has announced new rules that will allow small businesses at risk of collapse to continue to work out their problems instead of appointing an administrator. They are needed because of an avalanche of insolvencies awaiting the end of an effective moratorium on bankruptcies (a so-called regulatory shield) that expires…
Failure to make provision for your debt in your estate plan can leave your loved ones financially compromised. Making provision for the debt in your estate is an important part of estate planning, and failure to do so can leave your surviving spouse and/or heirs financially compromised. Assets that you had intended to bequeath to…