Insolvency Guardian Media Centre
A Sydney family struggling with combined loan repayments of $6500 a month managed to slash that by nearly $4000 by consolidating their debts and refinancing.
Tim and Katie Manners recently refinanced their home in The Oaks, near Camden in Sydneys southwest.
Mr Manners, who works in sales, had recently re-entered the workforce but the family had racked up debt while he was off due to a bad neck injury.
We were basically struggling to get money together every week, the 37-year-old said.
We didnt want to live week to week any more. We looked at refinancing with Macquarie but it was all too difficult and they werent very helpful.
Mr Manners did a bit of searching and got in touch with online mortgage platform Lendi, which helped them roll togethe…
Read the full article at: https://www.news.com.au/finance/money/costs/sydney-family-slashes-monthly-loan-payments-by-4000-but-theres-a-catch/news-story/63831454fc6f1ca83af5ff9357f8f64e
Blockchain and settlement payments technology firm SETL has appointed administrators to handle a restructuring of the business.
SETL, which was established by Chi-X founder Peter Randall and appointed the former governor of the Banque De France to its board in January, announced the corporate reorganisation following the completion of a development and investment project in two platforms.
Administrators will separate SETLs software development business line from its investments portfolio, which included the ID2S and IZNES platforms, both based in Paris. ID2S is a regulated central securities depository (CSD) that completed its connection testing to the Target2-Settlement (T2S) platform in October la…
Read the full article at: https://www.thetradenews.com/blockchain-specialist-setl-calls-administrators-amid-corporate-restructuring/
On a day when the National Company Law Tribunal (NCLT) endorsed ArcelorMittals bid to take over Essar Steel, the tribunal also gave the green light to a 5,050-crore joint bid by Reliance Industries Ltd. (RIL) and JM Financial Asset Reconstruction Company to acquire debt-ridden textile manufacturer Alok Industries.
In July 2017, the Ahmedabad bench of the NCLT had admitted insolvency proceedings against the textile company under the Insolvency and Bankruptcy Code (IBC). According to the details of the case, Alok Industries owed its lenders 29,500 crore and was taken to NCLT under the newly-instituted IBC.
However, against the total dues of 29,500 crore, RIL and JM Financial had jointly made a bid to acquire it for just 5,050 crore, which …
Read the full article at: https://www.thehindu.com/business/ril-jm-financial-arm-bid-for-alok-industries-gets-nod/article26475458.ece
This is to inform you that Hindusthan National Glass & Industries Limited (the Company) has received an intimation through the legal counsel of the State Bank of India (SBI), that the SBI, in its capacity as a financial creditor to the Company, has initiated proceedings in NCLT, Kolkata bench on 5 March 2019, against the Company seeking certain reliefs under section 7 of the Insolvency and Bankruptcy Code, 2016.The Company is in the implementation stage of the OTS and is taking best efforts to obtain all approvals for the successful implementation of the OTS. In this regard, the incoming Strategic Investor has applied for the approval of the Competition Commission of India (CCI) for the proposed transaction on 21 January 2019 and the ap…
A lack of parity exists between the Western Suburbs Magpies and Balmain Tigers in the joint venture.
More than a quarter of the roughly 800 people expected to be laid off from Activision Blizzard as part of its sweeping reorganization worked in the Blizzard side of the company, according to records obtained by Variety from Californias Employment Development Department.
Those 209 Blizzard layoffs hit in cities around the country including Califonias Irvine, Santa Monica, and Burbank, as well as New York City, Austin, Texas and Bloomington, Minnesota.
Blizzard employees were given 60 days of compensation and benefits, none were represented by a union, according to the Worker Adjustment and Retraining Notification filed with the state by Blizzard on Feb. 12.
The breakdown by department also noted that employees were provided a severance pa…
Read the full article at: https://variety.com/2019/gaming/news/blizzard-hit-with-209-layoffs-as-part-of-activision-blizzard-restructuring-1203158334/
Credit Settlement Market report is a comprehensive study of the changing Medical industry due to the Credit Settlement Market. There is several systematic information in the report, like the estimated CAGR values in the forecast years of 2018-2023, and the implication of the market definition, classifications, applications, and market trends mean and the ways to use them to achieve a greater edge on the key players and brands with their company profiles are included in the report.
According to this study, over the next five years the Credit Settlement market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the…
Read the full article at: https://wiseawareness.com/credit-settlement-market-future-outlook-to-2023-guardian-debt-relief-debt-dr-premier-debt-help-freedom-debt-relief-national-debt-relief-llc-rescue-one-financial/
Update (12:10 UTC, March 7): This article has been updated with statements from a SETL press release received after publication.
London-based blockchaininfrastructure company SETL has filed for insolvency and is looking for a larger financial services firm to take on some of its holdings.
The newsrevealed in a notice of insolvency filed today with the U.K. authorities comes as something of a shock given that, last October, the startup company was granted a license by Frances securities regulator to operate a central securities depository (CSD)system using blockchain tech.
The firm, whichwas co-founded by City of London trading veteran Peter Randall back in 2015,said in a statement:
Having made an early investment in the de…
Read the full article at: https://www.coindesk.com/blockchain-settlement-startup-setl-has-filed-for-insolvency
A two-member bench also pulled up Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder.
PTI Last Updated:March 8, 2019 |14:03 IST
