The mother of a woman who killed herself after losing 36,000 gambling has told MPs of h…
Read the full article at: https://www.dailymail.co.uk/news/article-9190749/My-daughter-killed-36-000-gambling-debts.html
The proposals would see the total amount of debt permissible to enter a DRO increase from 20,000 to 30,000. The value of assets owned by individuals accessing a DRO would increase from 1,000 to 2,000, and the level of surplus income from 50 to 100 per month.
DROs were introduced in 2009 as low-cost and accessible debt solutions to support vulnerable people. They protect debtors from creditor action and after 12 months all debt within the order is written off.
The consultation follows an announcement last year that the government would be introducing a breathing space scheme in 2021, to provide people in debt with a 60-day pause on creditor enforcement action while they access professional debt advice.
Financial services expert Jonathan …
Read the full article at: https://www.pinsentmasons.com/out-law/news/uk-debt-relief-limits-under-review-as-economic-impact-of-covid-19-bites
A debt consolidation loan can help you streamline debt repayment. (iStock)
If your personal finance goals include paying off outstanding debt, consolidation is one solution to consider. A debt consolidation loan allows you to combine credit card debt and other types of debt into a single personal loan.
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While you could open a 0% APR balance transfer credit card to manage debt, consolidating with personal loans can yield some advantages. For example, you can exchange a variable interest rate on credit card debt for a fixed interest rate. Reducing your interest rate can save you money over time. And when more of your monthly payment goes toward the principal, it’s possible to pay down debt faster.
But there…
Read the full article at: https://www.foxbusiness.com/money/avoid-debt-consolidation-myths
An association of Lebanese lawyers has requested British authorities prevent the liquidation of a company potentially linked to the Beirut blast, Reutersreported.
The Beirut Bar Association sent a letter to British Member of Parliament Margaret Hodge making the request on Monday.
The letter urged the UK corporate registry Companies House to halt the liquidation of Savaro Ltd, which filed for dissolution on 12 January.
The letter described the company as an “indicted entity” in an investigation into the cause of the 4 August explosion which ripped through Beirut leaving over 200 dead and thousands more wounded.
The letter, penned by Bar Association President Melhem Khalaf, states that Savaro has been indicted by Fadi Sawwan, the lead in…
Read the full article at: https://www.middleeastmonitor.com/20210127-lebanon-lawyers-urge-uk-to-halt-liquidation-of-beirut-blast-linked-company/
People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB)
Topics
revenue department|Income Tax department|CBDT
Dilasha Seth | New Delhi
Last Updated at January 27, 2021 06:10 IST
The government is planning to restructure the revenue department, following administrative reforms such as faceless assessment and appeals in direct taxes and customs.
People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB). One option being explored is placing the intelligence and investigation units of both the Central Board of Direct Tax…
Read the full article at: https://www.business-standard.com/article/economy-policy/govt-mulls-revenue-dept-restructuring-cbic-cbdt-to-focus-on-collection-121012700038_1.html
In April last year Services Australia froze 1.3 million debts to ease pressure on household budgets during the COVID-19 pandemic.
But with the reprieve ending in February, Services Australia General Manager Hank Jongen said those who owed money could expect to be contacted via mail regarding their next repayment date.
“It’s really important for people to remember that even though you’ve incurred a debt, you don’t have to pay the whole am…
Read the full article at: https://www.9news.com.au/national/centrelink-debt-collection-starts-again-next-month/b0c06e0b-feb1-4300-900d-f7d1d8048c9e
Los Altos, United States, Jan. 27, 2021 (GLOBE NEWSWIRE) — 
Oak View Law Group, a debt settlement and bankruptcy law firm, has launched a new video series discussing how to manage debt during the pandemic. With the social landscape in 2021 set to mirror the disruption of last year, many families are finding themselves in financial difficulty.
Part 1 of the informational series can be found here:https://youtu.be/zlra_AwCbSU
The ongoing pandemic has made life difficult for families around the world. This has led to more people seeking ways to manage their debt, wanting to learn how to avoid the financial distress caused by the virus, and the best debt settlement solutions.
One…
Read the full article at: https://www.globenewswire.com/news-release/2021/01/27/2164791/0/en/Is-Bankruptcy-An-Option-For-Debt-Relief-Caused-By-Covid-Law-Firm-Offers-Advice.html
This content was published on January 27, 2021 – 00:59
By Tom Bergin
LONDON (Reuters) – A Lebanese lawyers’ association has asked British authorities to halt the voluntary liquidation of a UK-registered company over possible links to last year’s explosion at Beirut port, according to a letter seen by Reuters.
In the Jan. 25 letter to British lawmaker Margaret Hodge, the Beirut Bar Association (BBA) said it had asked the UK corporate registry, Companies House, to prevent the company, Savaro Ltd., which it described as an “indicted entity”, from being woun…
Read the full article at: https://www.swissinfo.ch/eng/lebanese-lawyers-seek-to-halt-liquidation-of-uk-registered-firm-possibly-linked-to-beirut-blast/46320886
GREENFIELD – Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) says it will cut about 350 jobs globally as part of an ongoing restructuring effort. The company says the move aims to improve operational efficiency following the $7 billion acquisition of Bayer Animal Health last year.
The news comes about four months after the company announced more than 900 jobs would be cut in a restructuring.
As part of the latest restructuring, Elanco plans to close research and development sites in New Zealand and Germany, as well as reduce “duplication and optimize structures in U.S. operations, marketing, manufacturing and quality central functions, and administrative areas.”
Elanco did not immediately answer a question from Inside …
Read the full article at: https://www.insideindianabusiness.com/story/43236435/elanco-making-more-cuts-in-restructuring
By Tom Bergin
LONDON (Reuters) – A Lebanese lawyers’ association has asked British authorities to halt the voluntary liquidation of a UK-registered company over possible links to last year’s explosion at Beirut port, according to a letter seen by Reuters.
In the Jan. 25 letter to British lawmaker Margaret Hodge, the Beirut Bar Association (BBA) said it had asked the UK corporate registry, Companies House, to prevent the company, Savaro Ltd., which it described as an “indicted entity”, from being wound up in order to allow investigations into its possible role in the blast to continue.
The letter from BBA president Melhem Khalaf asserts that Savaro has been indicted by the Lebanese judge in charge of the investigation, and that allowin…
Read the full article at: https://whtc.com/2021/01/26/lebanese-lawyers-seek-to-halt-liquidation-of-uk-registered-firm-possibly-linked-to-beirut-blast/