Like many other companies in the debt relief space, DMB Financial promises to help you get out of debt using a process called debt settlement. When you sign up for debt settlement, you’ll be asked to stop making payments on credit cards, medical debts, and other debts you have. Instead, you’ll be asked to deposit a set amount of money into a FDIC-insured savings account. Once you have enough money in your account to settle your debts, DMB Financial will get to work and negotiate your debts down on your behalf.
Where some debt settlement companies claim to help you out of debt in as little as 12 to 24 months, DMB Financial says their process typically takes 36 to 48 months. They also fail to disclose their fees, and they don’t adverti…
The Supreme Court on Tuesday upheld amendments in the Insolvency and Bankruptcy Code which prescribe that at least 100 allottees from the same real estate project should support the initiation of corporate insolvency resolution process in the National Company Law Tribunal (NCLT) against their property developer.
The Insolvency and Bankruptcy Code (Amendment) Act of 2020 had introduced a threshold that required a minimum of 100 allottees, or 10% of the total allottees of a project, whichever was less, to jointly apply for corporate insolvency resolution in the NCLT. The allottees should be from the same real estate project. Aggrieved allottees drawn from different projects of the same developer cannot form the 100.
A third amendment had …
Read the full article at: https://www.thehindu.com/business/sc-upholds-threshold-for-filing-insolvency-plea-against-realty-developers/article33612084.ece
eCommodities Plc has been placed into provisional liquidation following an investigation by the Insolvency Service.
The Official Receiver has been appointed as the provisional liquidator after a hearing at the High Court in London on 10 December 2020. This followed an application by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy.
eCommodities Plc is related to the Ebullio group of companies and is stated to hold, through affiliates, various interests in mining companies and other assets.
The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition.
The provisional liquidator also has the…
Read the full article at: https://www.gov.uk/government/news/ecommodities-plc-placed-into-provisional-liquidation
Neighbours spoilers follow for UK viewers.
Neighbours star Benny Turland has revealed how Hendrix Greyson fears for his life in the show’s gambling debt storyline.
Next week’s episodes on Channel 5 see Hendrix panic as dangerous Kane Jones (Barry Conrad) sends him a death threat.
In upcoming scenes, Hendrix ends up owing $10,000 to Kane after another risky blackjack game goes wrong for him.
Kane immediately starts putting on pressure for the debt to be repaid quickly, making it clear that he’s not to be messed with.
Related: Neighbours star Jacinta Stapleton speaks out on Amy and Shane’s romance
Speaking to Digital Spy about the storyline, Benny explained: “Hendrix is on his own now that Pierce has left. He has…
Read the full article at: https://www.digitalspy.com/soaps/neighbours/a35247326/neighbours-spoilers-benny-turland-hendrix-greyson-fears/
Nobody immediately turns to their finances when bucket list dreams are on the agenda. Its usually all scaling mountains and visiting unexplored corners of the globe in between finding true love and scarfing down fine dining feasts.
But the year 2020 left a lot of people cancelling holiday plans and dinners out on the town to reprioritise financial goals.
So, with economic uncertainty lingering in the wake of COVID-19 and savings on the brain in 2021, weve pulled together some achievements you might want to add to your financial bucket list this year.
1. Conquer your debt summit
Make 2021 the year you climb out of debt. If you owe cash to numerous creditors, consider combining all those plastic fantastic bills and lingering personal loan…
Read the full article at: https://mozo.com.au/family-finances/your-2021-financial-bucket-list
Scottish accountancy practice Wylie & Bisset has promoted two long-standing members of its business recovery and insolvency department.
The promotions see insolvency managers Paul McDougall – with almost 15 years service with the firm – move to associate director, and Chris Wardle – with more than 19 years service – to senior manager with, effect from 1 February.
Donald McKinnon, managing partner at Wylie & Bisset, said: Were delighted to recognise the long-standing contribution made by two of the most-valued members of our insolvency team through these promotions.
Pauls focus is on the consumer debt solutions area of the department and he has second-to-none technical knowledge of all personal insolvency matters.
Chris has held various…
Read the full article at: https://www.insider.co.uk/appointments/wylie–bisset-promotes-two-23344884
eCommodities Plc has been placed into provisional liquidation following an investigation by the Insolvency Service.
The Official Receiver has been appointed as the provisional liquidator after a hearing at the High Court in London on 10 December 2020. This followed an application by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy.
eCommodities Plc is related to the Ebullio group of companies and is stated to hold, through affiliates, various interests in mining companies and other assets.
The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition.
The provisional liquidator also ha…
Read the full article at: https://www.miragenews.com/ecommodities-plc-placed-into-provisional-liquidation/
KUALA LUMPUR (Jan 19): Former Port Klang Authority general manager (GM) Datin Paduka OC Phang, who was ordered to pay RM2.6 billion in damages by the Shah Alam High Court to the authority, has been declared a bankrupt.
The petition notice declaring her a bankrupt was made following a Kuala Lumpur High Court order dated April 11, 2019, that allowed PKA directors to recover the amount of damages that had been assessed.
The notice seeking the court to make the announcement was made by Datuk Yap Pian Hon, who was one of the directors.
This comes after the Shah Alam High Court had in 2018 found her liable for 11 of the 15 breaches listed by PKA in a suit filed against her following the Port Klang Free Zone (PKFZ) cost overruns, according to …
Read the full article at: https://www.theedgemarkets.com/article/former-port-klang-authority-gm-oc-phang-declared-bankrupt
