MUMBAI: The arrest of former bankers who had approved loans to Vijay Mallyas Kingfisher Airlines will hold back Indias largest lender State Bank of India (SBI) from throwing a lifeline to a troubled company and proactively rejigging loans to give a business house a second chance. In the course of meetings that followed last weeks…
Date: January 30 2017 Belinda Williams You may be risking your entire wealth if you’re a company director for a friend or family member. Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole…
Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…
Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…
Business insolvencies could be on the increase in uncertain times This suggests that the financial ramifications of the Brexit vote are already beginning to hit home and businesses should prepare for the fact that there could be worse to come, according to Simon Underwood, partner and business recovery specialist at Menzies. Crucially, the 5.5 per…
As many as 15,000 people will, within 12 months, avail of the mechanisms in new personal insolvency legislation before the Oireachtas, it has been claimed. Next months Personal Insolvency Bill will offer secured borrowers and lenders in arrears a reasonable alternative to bankruptcy, says one respected analyst. Fergus Doorly, insolvency and corporate recovery partner with…
6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
LONDON (Reuters) The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern about households financial health. Britains economy was the fastest-growing major advanced economy last year, despite initial fears that Junes…
By Reuters Published: 02:18 +11:00, 28 January 2017 | Updated: 02:18 +11:00, 28 January 2017 e-mail LONDON, Jan 27 (Reuters) – The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern…