CNN — In August 2019, Saul Malek realized he’d hit rock bottom. His girlfriend had broken up with him, friendships had gone south, and he had money problems. “I noticed all my memories were really gambling related,” Malek explains to CNN Sport. “If I went out with my girlfriend and some friends, I’d tell her…
The National Company Law Appellate Tribunal (NCLAT) in Chennai on Wednesday stayed the corporate insolvency resolution proceedings (CIRP) against Coffee Day Enterprises Ltd (CDEL), operator of the Cafe Coffee Day chain, until the next hearing, reported Bar and Bench. A coram of judicial Member Sharad Kumar Sharma and Technical Member Jatindranath Swain granted an interim…
In a published notice from the Australian Securities and Investments Commission (ASIC) last week, it was revealed that start-up superannuation fund GigSuper has entered voluntary liquidation. At a general meeting on 24 June, it was resolved that the company would be wound up and that principal at DW Advisory, Paul Gerard Weston, would be appointed…
Debt management support marks a turning point for struggling woman micro entrepreneur ESCAP News Read the original article here
Her comments come after a recent Centrix report showed consumer arrears rose to a seven-year high in January, with 13.09 per cent of accounts behind on repayments. It said 480,000 credit users nationwide were behind on payments. In the Bay of Plenty, 14.09 per cent of users were behind on payments, compared to 12.79 per…
Rex passengers facing flight switches after the regional airline went into voluntary administration are urged to not try to organise their new trips at the airport. The company confirmed the news in a statement on Tuesday night, following mounting speculation after it suspended share trading on the ASX on Monday. Flights between major airports have…
Shohei Ohtani’s former interpreter, Ippei Mizuhara, pled guilty to bank and tax fraud charges related to a gambling scandal that rocked Major League Baseball and one of its superstars. Mizuhara entered his plea Tuesday, June 4, in federal court in Santa Ana, California, and he’ll be sentenced on Oct. 25. The two counts against him…
In short: The second-largest city in the United Kingdom is in heavy debt, with childhood poverty near 50 per cent. The city is turning out street lights at night and only collecting garbage fortnightly to save money. What’s next? The UK heads to the polls on July 4 as Rishi Sunak’s Conservative Party faces a…
New Delhi: The ministry of corporate affairs (MCA) is working on increasing the recovery from its corporate insolvency process under the insolvency and bankruptcy code, said MCA secretary Manoj Govil at an event in New Delhi on Monday. This aligns with the government’s plan to increase ease of doing business, Govil said. Ease of doing…
So-called “debt-for-nature swaps” have regained prominence in recent years as part of efforts to raise finance for conservation efforts across biodiverse developing countries. These “swaps” are financial agreements in which a conservation organisation or government reduces, restructures or buys a developing country’s debt at a discount in exchange for investment in local conservation activities. Despite…