A lucky dip at a school fair seems like a bit of harmless fun, but for David, it was the start of decades of addiction and shame. Gambling woes: Australia has the highest per capita gambling spend of any country It’s estimated $24 billion is spent on gambling here each year Gambling Help says 1…
A summary of the legal and regulatory framework for consumers All insolvency practitioners are expected to follow and comply with a legal and regulatory framework, which ensures that there is an effective insolvency profession that delivers fair outcomes for the people and businesses impacted by their work. The legal framework includes the Insolvency Act 1986…
NORWALK, Conn.–(BUSINESS WIRE)–Frontier Communications Parent, Inc. (Frontier Communications and, together with its subsidiaries, Frontier) today announced that the Company has successfully completed its financial restructuring process and emerged from Chapter 11. Through this process, Frontier has reduced its debt by approximately $11 billion and annual interest expense by approximately $1 billion. With a recapitalized balance…
By David Milliken LONDON (Reuters) – Company insolvencies in England and Wales fell to their lowest level in more than 30 years during the first three months of this year, as government support measures helped businesses hit by the coronavirus pandemic to ward off bankruptcy. Britain suffered its sharpest fall in economic output in more…
KATIE Price is looking to buy two more horses – despite being made bankrupt. Katie, 42, is hoping to snap up a new dressage horse from overseas and has also been looking at ponies for her youngest daughter Bunny, six. 6 Katie Price wants to buy a new horse from HollandCredit: Getty Images – Getty…
Data Tables in Excel (xlsx) Format – Company Insolvency Statistics January to March 2021 MS Excel Spreadsheet, 1000KB This file may not be suitable for users of assistive technology. Request an accessible format. If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format,…
Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and…
The Meadows Casino and Racetrack wants a former Greensburg doctor to repay more than $69,000 a gambling debt that grew from a $48,000 line of credit seven years ago. The problem for the North Strabane casino, which filed for a $69,344 judgment in Westmoreland County court on Wednesday, is that Dr. Nabil Jabbour, 70, of…
Apr 30 2021, 1:08 PMApr 30 2021, 1:18 PMApril 30 2021, 1:08 PMApril 30 2021, 1:18 PM The Reserve Bank of India has started discussions with the Indian Banks Association for a possible extension of the one-time restructuring scheme announced last year to support borrowers through the Covid crisis. While the schemes have closed, bankers…
The number of people going financially insolvent after being unable to pay their debts across England and Wales fell by 5% in the first three months of this year. ome 29,140 personal insolvencies were recorded between January and March, the Insolvency Service said. It said the number of insolvencies was 5% lower than in the…