A te…
Read the full article at: https://www.dailymail.co.uk/femail/article-9376301/Teacher-racks-250K-debt-height-gambling-addiction-bet-50K-single-horse.html
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.
Many Americans carry some form of debt. Debt consolidation can help you break free of high-interest debt before trouble arrives. Here, we’ll help you compare online debt consolidation lenders and find out who offers the best terms for your situation.
If you’re asking yourself, “What is debt consolidation?” you’ve come to the right place. We’ll tell you what it is, how it works, and how you can decide if it’s right for you.
What is debt consolidation?
Debt consolidation involves taking out one new loan to pay off high-interest debts (such as credit cards and loans). Because the new loan has a lower interest rate than your original debt, you save money on interest charges. Debt consolidation can also help you get out of debt faster b…
Read the full article at: https://www.fool.com/the-ascent/personal-finance/what-debt-consolidation/
Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolvency provisions for guarantors were notified in 2019 was unconstitutional.Personal insolvency provisions constitute Part III of the Insolvency and Bankruptcy Code. While it applies to partnerships and individuals, th…
Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolv…
Read the full article at: https://www.bloombergquint.com/law-and-policy/ibc-supreme-court-to-decide-on-the-promoters-vs-government-fight
Focus on sports quiz, set to become a leading digital sports entertainment group in China
HONG KONG, March 19, 2021 /PRNewswire/ — V1 Group Limited, (“V1 Group” or the “Company“, together with its subsidiaries, the “Group“; stock code: 82) announces today its audited results of the year ended 31 December 2020.
From the acquisition of Crazy Sports in 2018 to the completion of restructuring by end 2020, the Group divested its telemedia and e-commerce businesses, then landed a foothold in Hainan and secured approval for sports quiz business; it then signed an agreement with FIFPro, together with China Super League gaining top football IPs. Having been nurtured for three years, Crazy Sports has evolved into the core business engine of the …
Read the full article at: https://finance.yahoo.com/news/v1-group-achieved-business-turnaround-024700203.html
Qantas arguments, that the choice of jurisdiction was not clear had no link to Singapore and that a hearing in Australia would be more convenient to all, also faced derision.
The choice of jurisdiction is clear, Justice Hammerschlag said. There is no challenge to the jurisdiction of Singapore … that the proceedings have to be conducted remotely and that the parties will be separated from their Australian lawyers are matters of mere inconvenience. Remotely conducted proceedings have been the order of the day for more than a year now.
He ordered Qantas to pay Mr Rohrlach and Virgins costs.
Virgin CEO Jayne Hrdlicka embroiled in a conflict with her former employer, a2 Milk announced Mr Rohrlach as the new head of the Velocity Frequent …
Read the full article at: https://www.afr.com/companies/transport/virgin-draws-first-blood-in-battle-over-defecting-jetstar-executive-20210319-p57cb6
NO liquidation appointment notices have been listed for businesses in the Ipswich Local Government Area so far today. The total for the past year is eight.
News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.
Queensland-based companies operating without an ABN were omitted from the list below, however can be found in our monthly statewide list.
Here’s the list for Ipswich, listed by postcode in date order:
4300
Wyton Employment Pty Ltd, ABN: 16159632229, Main Business Location: QLD 4300, Notice Date: March 12, 2020, Liquidator: John Maxwell Morgan
Youth Employment & Training Australia Pty Ltd Trading As Yeta, ABN: 83615405797, Main Business Location: QLD 4300, …
Read the full article at: https://www.qt.com.au/news/latest-business-liquidations-in-ipswich/4219325/
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A teacher whose gambling addiction saw him rack up250,000 of debt and once bet and lose 50,000 on a single horse at Cheltenham has turned his life around after hitting rock bottom and wanting to end it all.
Patrick Foster, 33, of Oxford, started betting casually with friends at Durham University, but it spiralled out of control when, after moving to London and landing a well-paid job in the City, he won 35,000 in one hit.
At that point his relationship with gambling changed and he began chasing big wins – betting increasingly larger sums of money and falling further into debt. After changing careers and becoming a teacher, he began borrowing money off his students’ parents and his colleagues.
By …
Read the full article at: https://www.msn.com/en-gb/news/other/teacher-reveals-he-racked-up-£250k-debt-amid-gambling-addiction/ar-BB1eJ4WL
IRVINE, Calif., March 18, 2021 /PRNewswire/ –CarbonLite Holdings, LLC has retainedForce 10 Partners to lead its restructuring effort, following its voluntary bankruptcy filing on March 8, 2021. Force 10 Co-founder Brian Weiss is serving as chief restructuring officer. The Force 10 team is focusing on the post-bankruptcy emergence of CarbonLite, one of the world’s largest suppliers of post-consumer recycled polyethylene terephthalate (rPET), which is then used to produce high-quality food-grade recycled rPET material sold to the world’s largest beverage companies for packaging.
Force 10 was initially retained during the fourth quarter of 2020 to navigate underperformance and insolvency issues surrounding its complicated capital struct…
Read the full article at: https://www.prnewswire.com/news-releases/force-10-partners-tapped-to-restructure-carbonlite-a-leading-supplier-of-recycled-content-in-plastic-water-bottles-301250424.html
When flight paramedic Rita Krenz boards a helicopter, she knows her patients are about to face problems she can’t fix a healthcare system that buries people in debt after a car accident or stroke.
So she decided to do something about it. She turned for help to RIP Medical Debt, a nonprofit that buys and forgives medical debt.
Krenz started a fundraising campaign that brought in more than $18,000 for the charity. That money has helped RIP Medical Debt forgive the debt of more than 900 people so far, with the average bill abolished totaling around $1,340.
Krenz has no way of knowing if she will help anyone she’s treated. But it’s enough to know that her campaign will help somebody.
“A lot of my friends in healthcare are worn down …
Read the full article at: https://www.modernhealthcare.com/people/one-good-thing-flight-paramedic-treats-patient-medical-debt
Defrauded students who received only partial relief from their federal student loan obligations could now see that entire debt wiped out, after the Biden administration rolled back a Trump-era formula.
Students who were defrauded by their colleges and received only partial relief from their federal loans could now see them fully cancelled, the administration of United States President Joe Biden announced Thursday, reversing a Trump administration policy.
The change could lead to $1bn in loans being cancelled for 72,000 borrowers, all of whom attended for-profit schools, the US Department of Education said.
Borrowers deserve a simplified and fair path to relief when they have been harmed by their institutions misconduct, said Secretar…
Read the full article at: https://www.aljazeera.com/economy/2021/3/18/us-students-defrauded-by-colleges-could-see-full-debt-relief
The committee behind the JM Kelly Builder company liquidation is due to meet next week to discuss the recovery actions.
The Rockhampton-based major building firm went bust in October 2018.
At the time, JM Kelly had received the contract for the construction of Aldi and multiple workers walked off site.
The liquidation saw the loss of more than 200 jobs and an estimated $50 million was owed to creditors.
John Murphy and Geoff Murphy of JM Kelly.
An annual return filed with the Australian Securities Investment Committee in February stated the building subsidiary company had assets of $1.98 million and owed more than 400 creditors approximately $20 million.
It is expected the liquidation will be finalised in December 2021.
The Austr…
Read the full article at: https://www.themorningbulletin.com.au/news/jm-kelly-liquidation-meeting-to-be-held-next-week-/4219280/
news, local-news, bexley bowling club, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, voluntary administration, cor cordis, administrators, creditors
The Administrators of Greek community group, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, have paid a dividend to the majority of creditors to the sum of over $2 million which represents a 100 cents in the dollar return to unsecured creditors. The Association, which is one of the oldest in the Greek community – starting in Australia in 1934 – entered Voluntary Administration in September 2020 owing $3 million to creditors. The amount owed related primarily to legal fees and also for consulting fees conn…
Read the full article at: https://www.theleader.com.au/story/7171236/administrators-pay-majority-of-greek-community-group-ahepa-creditors/?cs=1507
Teacher, 33, who racked up 250,000 of debt and once bet and lost 50,000 on one horse at Cheltenham reveals he had 23 pay day loans and owed 113 people at the height of addiction that left him suicidal
- Patrick Foster, 33, of Oxford, started betting with friends at Durham University
- Spiralled out of control when he won 35,000 in one hit while living in London
- Began chasing big wins, betting more and more money and falling into debt
- Ended up with76 online betting accounts, 23 payday loans and owed 113 people
- Saved from ending his life by text from brother. Will take 15 years to pay off debts