People: Law firm boosts business recovery and insolvency team; RSM promotes; and more – The Business Desk

Corporate law firm Shulmans is strengthening its business recovery and insolvency team with an appointment and internal promotion. Lucy Clark, who joined the firm in 2013, has been promoted to associate. Clark has specific expertise in investigatory work and asset realisation in complex bankruptcies, in addition to extensive knowledge of all matters relating to administrations,…

Deposit Guarantee Fund looking for persons, accepting bank to remove Finbank from market – Interfax

2017-04-12T09:55+02:00 09:55 12.04.2017 The Individuals Deposit Guarantee Fund has started searching for authorized persons interested in participating in the removal of insolvent Finbank (Odesa) from the market, the fund has reported on its website. Preliminarily the authorized persons would have the following ways to remove the bank from the market: liquidation of the bank, selling…

Could you handle a 33 per cent interest-rate hike on your debt? If not, start paying it off now – Globalnews.ca

The Bank of Canada (BoC) will tell us tomorrow whether it will raise or lower interest rates or leave them untouched. And while the overwhelming expectation among economists is that things will stay as they are, a growing number think that BoC governor Stephen Poloz may signal that the bank is contemplating a future rate hike.   Many…

UK firms have reportedly used a loophole to offload nearly £4 billion in pension liabilities – Business Insider Australia

LONDON A Financial Times investigation has found that several UK companies have used a controversial insolvency procedure to offload up to £3.8 billion of pension liabilities. The investigation found that 17% of the 868 schemes managed by the Pension Protection Fund (PPF) a fund which picks up pension liabilities from failing companies had entered the…

Three in ten Canadians say low interest rates have caused them to take on more debt than they otherwise would have – Marketwired (press release)

Looking ahead to BOC interest rate announcement: – Thirty-one per cent say they will be comfortable taking on more debt if rates decrease – Half say they will be more concerned about their ability to pay their debts if rates increase CALGARY, ALBERTA–(Marketwired – April 11, 2017) – As the nation awaits the Bank of…