James Hurley, Enterprise Editor The number of people being declared insolvent has risen by more than a fifth. In the second quarter 22,503 people were made insolvent, 22 per cent higher than the same period in 2015, and a 6.9 per cent increase on the first three months of 2016. It was the fourth quarterly…
Atlantic City, New Jersey’s gambling hub, will make its $3.4 million debt service payment due Aug. 1, Mayor Don Guardian said on Thursday amid concerns over whether the cash-strapped city would default. In legislation signed by Governor Chris Christie in May, the state committed to helping the city by providing a bridge loan while local…
UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…
One of News Corp’s best-known sports reporters has received payments from Eddie Hayson, the controversial gambler alleged to be at the centre of some of the most sensational betting scandals in rugby league and racing. The multiple cash deposits into the TAB account of Phil “Buzz” Rothfield, the sports editor-at-large at the Daily Telegraph and…
Investors are braced for another bout of turbulence on global markets ahead of the release of special reports on the financial health of Italys ailing banking sector. On Friday evening (AEST), the European Banking Authority will publish the findings of its financial stress-testing of 50 banks in the European Union, including Italys five largest banks…
Personal insolvencies ‘rise by 22%’ By Kevin Peachey Personal finance reporter 28 July 2016 From the section Business Image copyright PA The number of people being declared insolvent has risen by a fifth on a year ago – but low interest rates mean the total is still comparatively low. A total of 22,503 people were…
PRAGUE, July 27 The Czech government approved a 700 million crown ($29 million) loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources , the prime minister and industry minister said on Wednesday. OKD, a major employer in the Czech Republic’s industrial northeast, was declared insolvent by a court…
The Czech government approved a 700 million crown ($29 million) loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources , the prime minister and industry minister said on Wednesday. OKD, a major employer in the Czech Republic’s industrial northeast, was declared insolvent by a court in May after…
The number of Scots going bankrupt is up by more than 50% over a year, according to the latest quarterly figures. There were 1,144 bankruptcies recorded in April to June this year, a rise of 14.7% on the previous quarter and 51.1% higher than the same period in 2015. But the total for the first…
PRAGUE The Czech government approved a 700 million crown ($29 million) loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources (NWRR.L) (NWRR.PR), the prime minister and industry minister said on Wednesday. OKD, a major employer in the Czech Republic’s industrial northeast, was declared insolvent by a court in…