MONTGOMERY, Ala. (WSFA) – It is a staggering number. About 45 percent of all bankruptcies in Montgomery County alone are tied to massive medical debts. But two Montgomery churches and a synagogue are doing their part to help lift the burden from those saddled with the debts. Kreg Sherbine is a member of First Christian…
{{featured_button_text}} COPENHAGEN, Denmark (AP) Low-cost carrier Norwegian Air Shuttle said Wednesday it is seeking restructuring and bankruptcy protection in Ireland, where its fleet is held, saying the decision was in the interest of its stakeholders. Norwegian will continue to operate its route network and both its bonds and shares will trade as normal on the…
Saudi Minister of Finance Mohammed al-Jadaan wears a protective mask as he attends a virtual meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia July 18, 2020. G20 Saudi Arabia/Handout via REUTERS As the pandemic-induced global recession continues to batter African economies, the Group of Twenty (G20) governments have sidestepped the…
Wednesday, November 18, 2020 Executive Summary On a UK companys insolvency, the UK tax authority (HMRC) will become a preferential creditor in respect of certain unpaid taxes (Crown Preference) with effect from 1 December 2020. Despite lobbying against the move (including in light of the COVID-19 pandemic), the UK government has persisted with the change,…
Loading “We had become very formal and formulaic in doing what we were doing and were spending too much time trying to copy other competitors.” Virgin launched as the budget carrier Virgin Blue 20 years ago but in 2011 reinvented itself as a full-service airline targeting Qantas’ rusted on corporate travellers. It ran up huge…
Lubys, which operates Lubys Cafeterias and Fuddruckers restaurant chains, has received approval from its stockholders for the liquidation and dissolution of the company. The approval enables the sale of the companys assets and distribution of the net proceeds to the stockholders before completing the remaining operations. Lubys said that 99% of its shareholders voted in…
Banco Santander has released a statement confirming its acquisition of tech assets from insolvent payment processor Wirecard. Although not confirmed in the companys official document, other sources report the total figure exchange as being 100m. Wirecard, which declared insolvency earlier in the year following revelations that it had misplaced over US$2.3bn in funds, was formerly…
By Sinead Cruise, Iain Withers 8 Min Read LONDON (Reuters) – One morning, after years of financial prudence and solid creditworthiness, you wake up and its all gone. Youre no longer worthy. Youre a risk. In fact, youre sub-prime. FILE PHOTO: People wearing protective face masks walk past a boarded up public house in Hackney,…
Colin Llewellyn, 56, siphoned off cash from the 1st Bayston Hill Scouts in Shrewsbury to fund his gambling problem – money the children had painstakingly raised for a trip to a summer camp in Bern. Llewellyn, a scout master of 27 years, was subject of a proceeds of crime act hearing at Shrewsbury Crown Court…
Virgin Australias sale to US private investment company Bain Capital is officially complete. It comes after the airline went into voluntary administration amid the coronavirus pandemic, appointing Deloitte as administrators. Virgin Australia has also appointed a new CEO, former Jetstar boss Jayne Hrdlicka, and outlined its new direction under her leadership. Visit Business Insider Australias…