Chicago Bankruptcy & Foreclosure Attorney Launches Debt Relief Legal Services – Yahoo Sports

Chicago bankruptcy and foreclosure attorney Gregory K. Stern, P.C., announced the launch of its Chapter 7, Chapter 13 and foreclosure legal services. The firm helps individuals protect assets and restructure debt through effective debt relief legal services in Chicago while offering alternatives to the process CHICAGO, IL / ACCESSWIRE / December 20, 2016 / The…

CCB eyes debt relief unit – Hong Kong Standard (press release)

China Construction Bank Corporation (0939) proposed yesterday to spend 12 billion yuan (HK$13.4 billion) to establish a wholly-owned subsidiary, CCB Asset Management Co, that will take charge of converting debts into shares. “CCB AMC is proposed to specialize in market-driven debt-to-equity swap business and will mainly operate and conduct financial business, such as acquisition of…

Employees face uncertain Christmas after security firm Kudos Australasia collapses into voluntary administration – SmartCompany.com.au

Administrators have recommended a security firm that owes creditors more than $1 million be wound up, as workers at the company face an uncertain Christmas. Voluntary administrators from Mackay Goodwin were appointed to Kudos Australasia Pty Ltd, trading as Kudos Audio Visual and Kudos Security Solutions, on November 9, however, SmartCompany understands employees of the…

Supreme Court of Justice rules on employee dismissal following employer insolvency – International Law Office (registration)

Facts Decision The Supreme Court of Justice’s July 5 2016 decision in Case 6034/13.8TBBRG-N1.S1 examined whether the payment due for the termination of an employment contract as a result of a collective dismissal following an employer’s declaration of insolvency was a debt of the insolvent estate or the insolvent company. Facts An employee brought an…

Government ignored tax loophole that helped shonky colleges rip off students – The Australian Financial Review

Education Minister Simon Birmingham has again blamed Labor for the VET FEE-HELP fiasco, even though the Coalition was slow to shut down the rorts. Louise Kennerley For three years the federal Coalition government ignored a major loophole in the VET FEE-HELP student loan scheme that allowed dodgy private colleges to scam the program and fraudulently…

The U.S. Government Is Collecting Student Loans It Promised to Forgive – Bloomberg

The U.S. Department of Education has two quite different roles in the lives of indebted former students. The same bureaucracy that must safeguard taxpayer dollars by collecting $1.1 trillion in loans also oversees the nation’s largest-ever effort to forgive student debt. These dual roles have culminated in a strange situation. The Obama administration has repeatedly…

Government criticises ‘inefficient’ debt and pensions advice bodies – The Guardian

The current inefficient and confusing system of government-backed financial help for consumers is to be replaced with a new one-stop-shop organisation that will advise consumers about debt, pensions and scams. This new body will replace three existing publicly-funded organisations, one of which came under fire for spending more than £100m on marketing and advertising in…