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.
Debt Settlement Market New study on Industrial Growth of Debt SettlementMarket 2019-2025: The global Debt Settlementmarketis comprehensively and Insightful information
Octagon, one of the largest construction companies in Romania, controlled by Greek businessman Alexandros Ignatiadis, filed for insolvency on March 22. The company had RON 65 million (EUR 14 million) turnover and RON 60 million (EUR 11 million) debtat the end of 2017.
The company decided to file for insolvency itself after several of its creditors received from court writ of execution for their claims. The company has been squeezed between the rising cost of inputs (labor and construction materials prices)and the tight price of the outcome agreed in advance with the developers.
“The main reason for the companys financial problems was the increase in the price of construction materials and labor cost, amid contracts signed in 2017 under…
Injeti Srinivas, Secretary, Ministry of Corporate Affairs said recently that
majority of corporate insolvency cases have been settled.
The speed at which the cases have been disposed by the NCLT has been
commendable. But the IBC should be invoked only as a last resort. He added.
Elaborating further on the subject, he informed that a majority of corporate
insolvency, which has led to burgeoning of NPAs, has been settled and the
accent is now on resolving personal insolvency.
In this context, an analysis of the outstanding non-food credit shows that
the industry tops the list followed by services sector, housing finance and
vehicle loans.
While many of the poor are burdened with debt, helping them financially is controversial because their debts are often believed to result from bad habits.
A new study by the Social Service Research Centre (SSR) at the National University of Singapore (NUS) demonstrates that reducing the number of debt accounts lowers the mental burden of the poor, thereby improving psychological and cognitive performance. This enables better decision-making. Hence, poverty interventions should be structured to improve psychological and cognitive functioning in addition to addressing the financial needs of the poor.
The study was jointly authored by researchers from NUS and Singapore University of Social Sciences (SUSS). A field study was conducted betwee…
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Dozens of Perth couples have been left heartbroken after a popular wedding videographer shut its doors without warning.
Launch Film Productions, which is one of the citys biggest wedding media companies, has gone into liquidation, with owner John Wilson failing to appear in federal court today to face allegations.
The court was told he still owes more than $368,000 to the Australian Tax Office, despite being told last November he had 28 days to pay his bill.
Mr Wilson also continued to take bookings, and even offered special deals for people who paid up front, receiving some of those payments as late as last week.
Candice Mijat paid $5000 to have her wedding filmed and photographed by the company, but has not received the photos or footage.
The saying that debt is easy to get into and hard to get out of hits home for younger Americans: At the end of 2018, 18- to 29-year-olds carried over $1 trillion in debt, according to the Federal Reserve. Thats the highest level since 2007.
Understanding your options and making a plan is imperative, says Billy Hensley, CEO of the National Endowment for Financial Education. Anyone doing that is going in the right direction.
Knowing a few key points can help anyone new to debt or not resolve their debt faster and potentially save hundreds or thousands of dollars.
CUT YOUR INTEREST RATE
A high-interest credit card or loan is costly. But you may be able to pay less interest, and pay off debt fast…
While many of the poor are burdened with debt, helping them financially is controversial because their debts are often believed to result from bad habits.
A new study by the Social Service Research Centre (SSR) at the National University of Singapore (NUS) demonstrates that reducing the number of debt accounts lowers the mental burden of the poor, thereby improving psychological and cognitive performance. This enables better decision-making. Hence, poverty interventions should be structured to improve psychological and cognitive functioning in addition to addressing the financial needs of the poor.
The study was jointly authored by researchers from NUS and Singapore University of Social Sciences (SUSS). A field study was conducted …
The card is a thin block of aluminum, with your name laser-etched on top of it. There are no credit card numbers, CCV codes, or signatures. This card was born in Cupertinoand those details just get in the way of sleek design.
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This is Apple Card: the credit card Apple is releasing both as a tangible credit card and a virtual card inside Apple Pay, in conjunction with Goldman Sachs and Mastercard. Announced at yesterdays live event in Cupertino and due out this summer, Apple Card marks a strategic shift for the technology company: Dont just sell consumers shiny new gadgets; sell them enticing lines of credit, too.
The Apple Card is introduced onstage during the Apple keynote on March 25, 2019. [Image: Apple]
Three Pennsylvania state senate Democrats are launching a plan to help people with student loan debt.
Sen. Vincent Hughes, who represents parts of Philadelphia and Montgomery counties, is working with Sen.Katie Muth, who represents parts of Montgomery and Chester counties, and Lindsey Williams, who represents Allegheny County, to co-sponsor thePA Student Higher Education Lending Protection Act. The proposalwould allow people to refinance high-interest student loan debt and claim a tax credit on student loans.
Pennsylvanians carry more student loan debt per person than in any other state, Hughes said. About 1.8 million Pennsylvanians have any amount of student loan debt, with an average debt of $36,000 for graduates, according to state f…
Injeti Srinivas, Secretary, Ministry of Corporate Affairs on Monday said the majority of corporate insolvency, which has led to a burgeoning of NPAs, has been settled and the accent is now on resolving personal insolvency.
He was speaking at CII-British High Commission organised National Conference on IBC, 2016 held at New Delhi on Monday.
Majority of corporate insolvency, which has led to a burgeoning of NPAs, has been settled and the accent is now on resolving personal insolvency. In this context, an analysis of the outstanding non-food credit shows that the industry tops the lis…
SAN DIEGO (KGTV) – Student loan debt is crippling tens of millions of people, more than credit card debt and auto loans. Now some companies are helping their workers tackle the mounting debt, offering student loan assistance as a benefit.
Fidelity Investments is one company leading the way with its
We look at our jobs day-to-day and we try and figure out how we can help people make the right financial decisions in their lives and it was something holding back some of our folks here at Fidelity,” said Jared Roethlisberger, a Fidelity Branch Manager in Mission Valley. “They couldnt save for retirement or they were working on saving for tha…
Debt
consolidation rolls high-interest debts into a single lower-interest
payment, such as credit card bills. It can reduce your total debt and
restructure it so that you pay it more quickly. If you have a
manageable debt amount and simply want to reorganize several bills
with various interest rates, payments and due dates are a sound
approach to debt consolidation that you can deal with yourself.
You
have credit cards, student loans and auto loans in depth. Minimum
monthly payments dont help you solve your debt. Something has to
change, and you are considering debt consolidation because the one
easy payment and lower interest rates they offer are promising.
