The Personal Insolvency Act 2012 has been a game-changer for restructuring personal insolvency for farm families, said Gary Digney, accountant and personal insolvency practitioner, during last Thursdays ICMSA webinar on unmanageable debt. The personal insolvency arrangement [PIA] can help farmers to restructure debt and retain the land, said Mr Digney. Three new debt resolution mechanisms…
As with nearly every other project Elon Musk is involved with, his SpaceX is going a novel route with its rocket launches. Various media outlets reported on Tuesday that the space exploration company plans to launch rockets from a pair of oil rigs recently purchased from Valaris, the once-mighty offshore drilling contractor that declared Chapter…
More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus pandemic plunged the energy sector into the worst downturn in a generation. Forty-six exploration and production companies and 61 oil-field service companies filed for Chapter 11 bankruptcy last year, according to Haynes and Boone, a Dallas law firm tracking bankruptcies. The…
Nearly a year ago, Casey Urlacher found himself charged with nine others in a sports gambling case that could have put him in federal prison. That prison threat still looms over most of his co-defendants. But late Tuesday, President Donald Trump granted a full pardon to Urlacher, mayor of north suburban Mettawa and brother of…
Customers who have gone for loan restructuring between December and March 31 will be roughly about 1-1.2% of our portfolio, says Shyam Srinivasan, MD & CEO, Federal Bank Earlier, you had projected that Rs 3,500-crore loans will need to be restructured but the request has come for only Rs 1,500 crore. It is great news…
RateSetter has outlined the benefits of a debt consolidation loan, such as reducing a borrowers monthly payments. A debt consolidation loan rolls your existing borrowing into one loan so instead of paying monthly repayments for each of your debts, you pay a single monthly payment to one loan provider. Read more: RateSetter to stop receiving…
THE Singapore Exchange (SGX) has raised queries regarding New Silkroutes Group’s wholly-owned oil-trading subsidiary, International Energy Group (IEG), which the group has not been successful in winding up. The agreement for the disposal of IEG to TK Energy lapsed on June 30 last year, after the buyer failed to disburse loans to New Silkroutes Capital…
Nearly a year ago, Casey Urlacher found himself caught up with nine others in a sports gambling indictment that could have put him in federal prison. That prison threat still looms over most of his co-defendants. But late Tuesday, President Donald Trump granted a full pardon to Urlacher, mayor of north suburban Mettawa and brother…
Despite the fact that many of us treat “debt” like a dirty word, millions of Americans are drowning it in. Even after a huge bump in debt repayments this year, Americans are still past due on their credit card payments to the tune of $945 billion. On top of that, we also collectively owe $1.7…
By Wayne Robinson | 20 January 2021 Ascent Partners has formed a strategic alliance with turnaround professionals Rodgers Reidy / TBA Solutions, in order to provide Australian printers who have experienced significant sustained downturns, with options for the pathway forward. Options for printers: (l-r) Brent Morgan, director, Rodgers Reidy and Richard Rasmussen, director, Ascent Partners…