Latest MNP Consumer Debt Index foreshadows trouble ahead for indebted Canadians – GlobeNewswire (press release)

Canadians Increasingly Feeling the Impact of Higher Interest Rates The MNP Consumer Debt Index is now at an all-time low, dropping four points since December. MNP Ltd. CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) — The latest MNP Consumer Debt Index research foreshadows trouble ahead for indebted Canadians underlining widespread concern over rising interest rates.…

Australia’s bankruptcy laws are about to change. Here’s what that means for practitioners. – INTHEBLACK

Proposed changes to insolvency laws, currently before Parliament, could see the bankruptcy discharge period in Australia reduced from three years to one. Critics, including CPA Australia, say proposed changes to bankruptcy laws will cause more harm than good. Heres what you need to know. By Zilla Efrat The proposals, contained in the Bankruptcy Amendment…

EXCLUSIVE: Chloe Moretz’s childhood heartache revealed – Parents declared bankruptcy, losing three properties … – Daily Mail

Actress Chloe Moretz’s father, McCoy Moretz, 59, declared bankruptcy in 2005 McCoy Moretz and Chloe’s mother and his then-wife Teri, owed millions to dozens of companies including banks, credit cards, auto firms, and stores  When they declared bankruptcy, the couple, who have five children together, had debts of $5,487,891 The bankruptcy was discharged on February…

Personal insolvency rescue deal saves Sale jobs – Insider Media

Jobs have been saved after Manchester-headquartered Think Money Group completed the acquisition of a number of personal insolvency specialists out of administration. Daniel Smith and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to One Advice Ltd, HB Financial Solutions Ltd (trading as Harrington Brooks), Open-Door, Harrington Brooks Ltd and Harrington Brooks…

Serbia sells insolvent tractor manufacturer IMT to India’s Tafe – SeeNews

BELGRADE (Serbia), April 11 (SeeNews) – Serbia’s government said on Wednesday it signed a contract for the sale of insolvent tractor manufacturer Industrija Masina i Traktora (IMT) to Indian company Tafe for 66.8 million dinars ($699,000/565,000 euro). By purchasing IMT, Tafe acquired the intellectual property rights of the company, which includes the brand, design plans and copyrights,…