FOURTEEN financial institutions in Singapore will participate in a debt consolidation plan this month, said the Association of Banks in Singapore (ABS) on Tuesday. The debt consolidation plan will allow eligible customers to consolidate their existing unsecured credit balances across financial institutions with just one participating financial institution. Such debt will include credit card debt,…
SINGAPORE Fourteen financial institutions in the Republic have come together to launch a new repayment scheme to help overextended borrowers reduce their debts, the Association of Banks in Singapore (ABS) said on Tuesday (Jan 17). The move followed the Governments decision to tighten borrowing limits for unsecured loans from the current 24 times monthly income…
> Staff Reporter Windhoek There is a myth that debt consolidation saves interest and you have one smaller payment, but the truth is that debt consolidation is an indication of over-indebtedness which only treats the symptom. Debt consolidation is defined as taking out a new loan to pay off a number of liabilities and consumer…
Former senator Rod Culleton could face jail if he continues to claim he is a federal MP. Picture: AAP Image/Richard Wainwright FORMER One Nation senator Rod Culleton could face jail time for impersonating a government official if he continues to claim he is a federal MP. Nearly a week after he was removed from his…
AIB is pursuing a Dublin solicitor, Barry Lyons, for judgment for 4.7m over alleged unpaid loans. The banks proceedings against Mr Lyons, Garville Road, Rathgar, Dublin were admitted by Mr Justice Brian McGovern on Monday to the fast track Commercial Court. The application to transfer the case was on consent of Mr Lyons, a solicitor…
Fast-food chain Pie Face is heading towards profitability for the first time in a long time, as its receiver flags the business will be sold shortly. But the one-time, high-flying, hot-pie business has left behind a trail of destruction. Liam Bailey says many creditors are unlikely to receive payment out of the receivership. Photo: Justin McManus…
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Fast-food chain Pie Face is heading towards profitability for the first time in a long time, as its receiver flags the business will be sold shortly. But the one-time, high-flying, hot-pie business has left behind a trail of destruction. Liam Bailey says many creditors are unlikely to receive payment out of the receivership. Photo: Justin McManus…
By Reuters Published: 00:11 +11:00, 17 January 2017 | Updated: 00:11 +11:00, 17 January 2017 e-mail By Angus Berwick and Toby Sterling MADRID/AMSTERDAM, Jan 16 (Reuters) – Spanish police arrested one of the Netherlands’ most prominent corporate lawyers, Peter Wakkie, on Monday at Madrid airport as part of an investigation into the insolvency of Russian-Spanish…