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.
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Opus Business Advisory Group has launched a new outpost in Bermuda. The offshore insolvency and restructuring market is rapidly expanding,
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By Rachel N. MadisonReporting Texas  Dollar For executive Jared Walker, left, takes a selfie with Let’s Crush Medical Debt members
Nearly 40 billion baht from FIDF to support SMEs Under the current model to support SMEs, funding will come
Lower debt-servicing charges likely to help govt save Rs500bn  Business Recorder Read the original article here
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REVEALED: Latest business liquidations in Murray  dailytelegraph.com.au Read the original article here
China has set up a debt-management department that will oversee borrowing by central and provincial governments, set debt ceilings, and

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Facebook App: Open links in External Browser

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Opus Business Advisory Group has launched a new outpost in Bermuda. The offshore insolvency and restructuring market is rapidly expanding, offering lucrative opportunities for firms catering to clients’ insolvency needs.

The ‘offshore’ market of Caribbean-based tax havens has been attracting a glut of consulting talent in recent years – with large companies and financial operators having flocked to the overseas territories to make the most of their beneficial status. In particular, restructuring firms have been arriving in the market in some numbers, to support clients as they further overhaul their…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:


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Reporting Texas

 

Dollar For executive Jared Walker, left, takes a selfie with Let’s Crush Medical Debt members and other allies at the Texas Capitol where they sought the Legislature’s help in requiring hospitals to tell patients about charity care options. Photo courtesy of Jared Walker

In 2020, Austin resident Zachary Cook was run over by a car while walking down a sidewalk. After several weeks in a hospital for severe injuries, he returned home to find a $78,000 medical bill in the mail. 

Unable to pay, Cook searched for assistance online and found Dollar For, a national nonprofit that helps patients navigate medical debt and health care expense reduction programs.  

With Dollar For’s…

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Nearly 40 billion baht from FIDF to support SMEs

Under the current model to support SMEs, funding will come from the Financial Institutions Development Fund (FIDF) — the same source used for the “You Fight, We Help” scheme.

The plan involves allocating part of the FIDF’s resources to create a “central pool”, by diverting half of the 0.46% annual contribution that commercial banks make to the fund — or 0.23% — into this new mechanism. The money would be used to revive struggling SMEs and finance urgent economic recovery programmes.

Each year, financial institutions contribute around 80 billion baht to the FIDF. If half of that amount were redirected — as done under the You Fight, We Help project — approximately…

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Lower debt-servicing charges likely to help govt save Rs500bn  Business Recorder

Read the original article here

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Read the original article here

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

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REVEALED: Latest business liquidations in Murray  dailytelegraph.com.au

Read the original article here

China has set up a debt-management department that will oversee borrowing by central and provincial governments, set debt ceilings, and police the murky world of liabilities generated by local government financing vehicles (LGFVs).

It is headed by Li Dawei who was until recently in charge of a government debt research and rehabilitation body.

Recall that last year the Chinese government had issued a 1.1 trillion debt-relief package to ease funding pressures on cash-strapped provinces and shore up flagging growth. The package underscored Beijing’s consolidation of the purse strings.

Since the 1994 tax reforms, local governments can neither introduce new taxes nor alter rates without Beijing’s approval,” says China scholar Amit…

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