Category Archives: Bankruptcy

Lenders must now tell customers if they can save on their mortgage – Independent.ie

(Stock photo) Lenders must now tell customers if they can save on their mortgage Independent.ie Banks will have to tell customers if they can make savings on their mortgages under new rules which have just come into effect. https://www.independent.ie/business/personal-finance/property-mortgages/lenders-must-now-tell-customers-if-they-can-save-on-their-mortgage-37676957.html https://www.independent.ie/incoming/article37624019.ece/60110/AUTOCROP/h342/page17_property.jpg Email Banks will have to tell customers if they can make savings on their mortgages…

Brits more likely to bury their heads in the sand than deal with debt – Business Leader

A shocking number of UK adults would leave it up to three years or more before seeking professional help if they were in debt, new research has revealed. A survey of 1,000 UK adults, carried out by Creditfix, the UKs largest personal insolvency practice, found that 59% of Brits would wait over two years before…

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Yangtze River Port and Logistics Limited YRCW – Business Wire

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRCW) from February 2, 2016 through December 5, 2018, inclusive (the Class Period). The lawsuit seeks to recover damages for Yangtze…

The IBC has an incentive problem – Livemint

Photo: Aniruddha Chowdhury/Mint The Insolvency and Bankruptcy Code (IBC) was introduced by the Narendra Modi government in December 2016 to expeditiously resolve claims involving insolvent companies in a bid to tackle the bad loan problem plaguing Indias banking system. Two years on, even as it continues to evolve, the legal reform has emerged largely successful.…

Corporate failures to affect 20 Scottish firms every week – The Scotsman

Around 20 Scottish businesses are set to fail each week in 2019, an industry expert has predicted, after corporate insolvencies were found to have risen dramatically in the past year. Continued uncertainty surrounding Brexit, an increase in competition and a squeeze on pricess in many sectors are all key factors, according to accountancy and business…

Deborah Southon Acquires 100,000 Shares of FSA Group Ltd (FSA) Stock – Fairfield Current

FSA Group Ltd (ASX:FSA) insider Deborah Southon bought 100,000 shares of the companys stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of A$1.07 ($0.76) per share, with a total value of A$106,500.00 ($75,531.91). Shares of FSA Group stock traded down A$0.05 ($0.04) on Tuesday, reaching…

Thousands of Scots expected to file for bankruptcy in 2019 – The Times

Greig Cameron More than 8,770 people entered into personal insolvency in the first nine months of last yearALAMY Dozens of Scots are expected to become bankrupt every day this year as rising household bills and sluggish wage growth continue to impact personal finances. Last year, about 12,000 people are thought to have been sequestered, the…

Big rise in companies forced off Aim market – The Times

Insolvency or financial distress forced sixteen companies off Londons junior market last year, up from nine in 2017. Conviviality, the owner of Bargain Booze, and Crawshaw Group, a chain of butchers, were among the high-profile casualties whose listings were cancelled on Aim after collapsing into administration last year. The travails of Wolf Minerals, a Dartmoor-focused…

Bragar Eagel & Squire, PC Reminds Investors that it is Investigating Yangtze River, Net 1 UEPS, and Belden on Behalf of Stockholders and Encourages Investors to Contact the Firm – GuruFocus.com

NEW YORK, Dec. 31, 2018 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Yangtze River Port and Logistics Limited ( YRIV), Net 1 UEPS Technologies, Inc. (NSADAQ: UEPS), and Belden Inc. (: BDC). Additional information about each potential action can be found…

Insolvency & Bankruptcy Code: Less delay, more reform – Economic Times

Last month, 13 economists, including IMF chief economist Gita Gopinath and former RBI governor Raghuram Rajan, praised Indias bankruptcy law while charting an economic strategy for the country heading for general elections later this year. Their policy advice for the financial sector covered reviving projects when bank balance sheets are cleaned up, improving governance in…