What is debt consolidation? – My Business

Debt consolidation maximises the potential for big savings on monthly repayments and interest charges. Read on below to know how to begin an effective debt consolidation. Debt consolidation is the combination and integration of debts into a single loan to  lower overall interest rate. With debt consolidation, business owners  can be able to deal with…

Myer approached by distressed debt experts, lenders – The Australian Financial Review

Distressed debt experts and investors are approaching Myer offering to help refinance banking facilities as the beleaguered department store retailer moves closer to appointing a new chief executive. Sources close to Myer say boutique financial adviser Houlihan Lokey  which helped restructure about $500 million of debt at South African retailer Edcon in 2016 and is advising lenders to heavily indebted US department…