CHARLESTON The winners at the 4-H Livestock Shows at this year’s Coles County Fair have been announced.
Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
NEW YORK, Aug. 4, 2021 /PRNewswire/ —Crowell & Moring has expanded its Corporate Group in New York with the addition of partner Frederick “Rick” Hyman, a highly regarded financial restructuring and insolvency lawyer.
With more than two decades of experience, Hyman focuses his practice on the representation of domestic and foreign lenders in connection with in-court and out-of-court workouts and restructurings in both large and middle-market transactions. He has vast transactional experience representing agents and other secured creditors in order to maximize their recoveries in all types of distressed situations. Hyman represents lenders and other creditors in all aspects of bankruptcy, including negotiating restructuring support agre…
Read the full article at: https://markets.businessinsider.com/news/stocks/experienced-financial-restructuring-and-transactional-insolvency-lawyer-frederick-rick-hyman-joins-crowell-moring-1030689731
A home equity line of credit (HELOC) can be a credit nightmare or a credit dream, depending on how you use it.
Tapping into home equity to fund expenses such as debt consolidation, home improvements, and education is now more accessible. In the past year, the average amount of homeowner equity increased to over $200,000, according to the Homeowner Equity Insights report by housing data firm CoreLogic.
This lending product uses your homes value to back a line of credit that can be paid off over…
Read the full article at: https://time.com/nextadvisor/loans/home-equity/how-does-a-heloc-affect-your-credit-score/
Swine Awards
Champion Duroc Barrow: Brantley Combs
Champion Duroc Gilt: Cole Lemmon
Champion Yorkshire Barrow: Cole Lemmon
Champion Black Poland China, Barrow: Nate Shrader
Champion Berkshire, Barrow: Olivia Thoele
Champion Berkshire, Gilt: Ben Cummins
Champion All Other Breeds, Barrow: Arabella Combs
Champion All Other Breeds, Gilt: Karly McKinney
Champion Commercial Barrow: Nate Shrader
Champion Commercial Gilt, Breeding: Amira LeGrand
Champion Market Gilt: Karly McKinney
Champion Breeding: Karly McKinney
Grand Champion Market Hog: Karly McKinney
People are also reading…
Read the full article at: https://jg-tc.com/business/agriculture/coles-county-fair-4-h-show-awards-announced/article_21b9aa68-0c52-55a5-8d8f-faa9ba34c4c6.html
‘Financially unsophisticated’ baroness wins case against crooked ‘Svengali’ lawyer who frittered away her 2m divorce payout… but may not see a penny after he declared himself bankrupt
- Baroness Jacqueline Van Zuylen sued celeb solicitor Rodney Whiston-Dew, 70
- She gave the disgraced solicitor her 2million divorce pay out to invest in 2012
- The Baroness sued Mr Whiston-Dew, who was struck off in 2017 over a tax scam
- High Court judges ruled the ‘Svengali’ lawyer must reimbursethe aristocrat
- But, she may remain penniless as Mr Whiston-Dew has declared bankruptcy
A ‘financially unsophisticat…
Read the full article at: https://www.dailymail.co.uk/news/article-9860407/Baroness-wins-case-against-crooked-Svengali-lawyer-handing-2m-divorce-payout.html
A woman has appeared in court accused of fraudulently disposing of property by giving 75,000 to a relative while declared bankrupt.
Barbara Bentley appeared at Ipswich Crown Court on Wednesday to deny the charge.
The 59-year-old spoke only to confirm her name andher date of birth, and to enter a not guilty plea.
Bentley, of Yeoman Crescent, Hadleigh, is charged with fraudulent disposal of property by making a gift of 75,000 to her son, while declared bankrupt, on March 13, 2017.
Judge David Pugh entered the case for trial on a two-week warned list to begin during the fortnight commencing July 4 next year.
The trial is expected to last between three and four days at Ipswich Crown Court.
Bentley, represented by barrister Isobel Ascherso…
Read the full article at: https://www.eadt.co.uk/news/crime/barbara-bentley-bankruptcy-disposal-ipswich-court-plea-8210682
When the Insolvency Act 1986 became the principal law applicable to corporate insolvency in April 1986, there was much discussion around section 214, because it introduced the concept of wrongful trading in the form of personal liability falling upon a director in respect of certain unpaid company debts in the event of the liquidation.
Previously, directors had operated on the basis that company liabilities were not a personal problem if they were unpaid, with the exception of those for which either a personal guarantee had been issued or personal assets pledged.
Following the introduction of the 1986 legislation, there were some well publicised cases, like Produce Marketing Consortium, which attempted to clarify wrongful trading so th…
Read the full article at: https://www.insider.co.uk/news/wrongful-trading-back-should-you-24683606
A rise in company insolvencies during the past three months is being seen as evidence that unlocking the economy has not produced the boost businesses were hoping for.
R3, the insolvency and restructuring trade body which covers the South West, said a combination of low consumer confidence and a lack of mobility have hampered the economy despite the easing of anti-Covid restrictions.
It pointed to new figures which showed corporate insolvencies hit their highest quarterly total in 18 months. R3 said the increase is possibly due to some company directors opting to close their businesses before the situation deteriorates further.
The statistics for Q2 2021 from the Insolv…
Read the full article at: https://www.business-live.co.uk/enterprise/rise-insolvencies-seen-evidence-fragile-21221020
Frankie Atkinson developed an unhealthy relationship with pokies early in her life.
Key points:
- The community support levy (CSL) is a tax on Tasmanian poker machine losses
- The Tasmanian government plans to change the way the CSL is distributed
- There arecalls for all of the levyto be used to fund problem gambling support services
She first fed money into an electronic gaming machine when she was16.
Ms Atkinson’s best friend didn’t treat her very well.
“It made me quite introverted, it got me into drinking, it got me into debt a lot of debt it really did take over,” she said.
“Even when I wasn’t at a poker machine, in my head, in my dreams, in real life, I would hear the sounds, I would se…
Read the full article at: https://www.abc.net.au/news/2021-08-04/tasmania-call-for-pokies-levy-to-support-problem-gamblers/100348722
For those being chased by debt collectors, simple things like answering the phone, opening mail, or hearing a knock at the doorcan be overwhelming.
Key points:
- There has been a change in the demographics of people seeking help with their debt
- Financial counsellor Kane Johnson who works for the Consumer Action Law Centre and the National Debt Helpline wants people to know they have options
- A Melbourne University studyhas found almost half of Australians who fall behind in debt do so because of physical or mental illness
Many don’t know about the free and independent financial counselling service thatcan advocate on their behalf, stop harassment from collectors, negotiate debts, and organise affordable repayments.
Consumer Action Law Centre and…
Read the full article at: https://www.abc.net.au/news/2021-08-04/service-helps-people-struggling-with-debt/100340304
The University of Newcastle (UoN), located in the industrial city north of Sydney, recently released its 2020 Annual Report. The document points to how the governments and managements are exploiting the COVID-19 pandemic to accelerate the corporate restructuring of higher education, accompanied by an unprecedented assault on jobs and conditions for staff and students.
The report states that in order for the university to keep afloat, due to the impact of the pandemic, we recognised that fundamental changes to our operating model would be needed to ensure our long-term financial sustainability.
The fundamental changes had the aim of reorientating courses to employer needs. That is, the university …
Read the full article at: https://www.wsws.org/en/articles/2021/08/04/newc-a04.html
WASHINGTON DC – MAY 13: Angel C. Dye (left) celebrating the day with her best friend Renee Walter … [+]
The Washington Post via Getty Images
A growing group of historically Black colleges and universities (HBCUs)…
Read the full article at: https://www.forbes.com/sites/korihale/2021/08/03/why-20-hbcus-cancelling-student-debt-matters/
About 130 countries have agreed to the World Organization At least Tax, an idea approved by President Joe Biden. The lower tax is part of an international effort to avoid the tax of multinational corporations.
The deal was announced last Thursday. It is an attempt to address the difficulties of the interconnected and growing online global economy.
The contract pays at least 15 percent of the overall tax. This is important as Biden seeks to raise more money for his US employment program. Technical details are yet to be developed. It will take at least 2023 before the deal goes into effect.
The agreement was announced by the Paris-based Economic Cooperation and Development Organization. The deal covers a portion of the profits of…
Read the full article at: https://presstories.com/2021/08/03/130-companies-are-restructuring-the-global-minimum-tax-for-large-companies/