Mayfair casino takes Chinese tycoon to court to recover 10MILLION after cheques he cashed to buy gambling chips bounced Yu Songbo spent 19million in five days at exclusive club, in London’s Park Lane Les Ambassadeurs Club also featured in the Beatles film A Hard Day’s Night Clubwants High Court to force Yu Songbo to repay…
Laurentian University says it needs more time todevelop a plan toexit restructuring and is asking a judge to approve an extension of its loan agreement, and a stay of proceedings against creditors,until January 31, 2022. Robert Hach says in an affidavit filed with the motion on the court monitor’s websitethat Laurentian has negotiated a fee…
This comes after a year with lower numbersof businesses entering external administrationthan usual.Australian Securities and Investments Commission (ASIC) recently reportedthat 2020-21,4235companies entered external administration. Thiswas after7362 in 2019-20, and8105in 2018-19. Thenew ABS data saw a12 per cent exit rateof businesses2020-21, downslightlyfrom12.5 per cent the year before.Dr Pamela Hanrahan, Professor of Commercial Law and Regulation at…
Law360, London (August 24, 2021, 5:21 PM BST) — An appeals court said on Tuesday it was not convinced there was a real risk that a Chinese businessman with 6.5 million ($8.9 million) in gambling debts would shift money out of reach if a London casino could not freeze his assets. The Court of Appeal…
Press release The Vulnerability Debt Toolkit will help public sector workers and those who are in debt to government. Toolkit puts protections in place for vulnerable citizens owing money to government Frontline public sector staff will be able to identify and support people facing additional challenges Government can now focus resources towards those in debt…
Government interventions in private debt negotiations could be more effective in preventing default waves if they accounted for the connections between lenders and borrowers across the debt chain, according to a new research paper by Wharton finance professor Vincent Glode and Christian Opp, associate professor of finance at the University of Rochester Simon Business School.…
If you are thinking whether or not you will qualify for debt consolidation loans, youre already trying to address the debt issue, which is a good sign. If you are considering the benefits of debt consolidation and whether youll qualify for it, you are also on the right path. Understandably, there is a bit of…
The number of people seeking advice from financial counselling help lines has soared as COVID-19 lockdowns and severe restrictions take a heavy toll in the nations two most populous states. Thousands of New South Wales and Victorian residents and small business owners have sought assistance from the National Debt Helpline and Small Business Debt Helpline…
Business Standard Referring to the pre-pack scheme of insolvency resolution for micro, small and medium enterprises (MSMEs), he says it takes three-six months for the market to understand a new framework TopicsInsolvency and Bankruptcy Code|IBBI|bankruptcy proceedings Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S SAHOO says 90 per cent of companies applying for…
Did you know that the top reason that people take out loans in the United States is for debt management and consolidation? One of the best ways to help manage your personal debt and financial health is to have a debt consolidation plan. Sadly, for many people in the United States, the debt industry has…