Here is a case with far-reaching repercussions involving the Philippine Deposit Insurance Corp. (PDIC), which allegedly took over the Unitrust Development Bank (UDB) without sufficient legal basis. Heres the worst part: PDIC officials allegedly started dipping their hands into the banks coffers after the takeover, thus sending chilling signals to other banks. On December 28,…
I am sinking under my debts and need help to restructure, consolidate and settle my dues as soon as possible. Ive been driven into this situation as I depend on credit cards to pay my rent of Dh44,000 on a villa in Abu Dhabi because my salary has not been rising. I pay the landlord…
Legal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
Health services at Embangweni Mission Hospital under CCAP Synod of Livingstonia have come to a halt as the management is struggling to clear out MK32million debt it owes different medical suppliers. Embangweni hospital staff during prayers. -Photo by Leonard Masauli On Saturday, the mission hospital organized prayer and fasting session at Kalungulu Mountain in the…
Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether thats driving, working or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any evidence to…
By Corina Pons and Eyanir Chinea | CARACAS Venezuela’s central bank is negotiating about $500 million in financing with a New York-based investment fund by using PDVSA bonds as collateral to help meet almost $3 billion in debt payments coming due in April, a lawmaker said on Monday. The bank began talks with U.S. investment…
Legal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
Theres no panacea for the nations credit card debt but the Financial Conduct Authority is having a go at helping people languishing in continual debt. So-called persistent debt is a serious problem. Under the FCAs definition, credit card customers are in persistent debt if they have paid more in interest and charges than they have repaid…
Legal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
After months of public consultations and revision, the Singapore parliament passed the Companies (Amendment) Bill (the “Bill“) on 10 March 2017 amending the Singapore Companies Act (the “Companies Act“). The Bill contains, among others, significant and novel changes to Singapore’s insolvency laws. This is no doubt a giant step towards positioning Singapore as…