Insolvency Guardian Media Centre
- PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider.
- The company announced in a quarterly earnings call last week that it expects to incur $US2.5 billion in restructuring costs through 2023, with 70% of charges linked to severance and other employee costs.
- Roughly $US800 million of the $US2.5 billion is expected to impact 2019 results.
- PepsiCo also recently announced plans to restructure the organisation and relentlessly invest in automation.
PepsiCo has kicked off a round of layoffs as it begins a four-year restructuring plan that is expected to cost the company hundreds of millions of d…
Read the full article at: https://www.businessinsider.com/pepsico-layoffs-begin-restructuring-plan-kicks-off-2019-2
Seeking advice about your debts can make improvements to your wellbeing within weeks, according to a new report.
The findings from StepChange Debt Charity are good news for people where debts are having an impact on their health.
The link between debt and depression is well documented, with money worries causing sleepless nights, stress and uncertainty.
Butseeking help to tackle financial concerns will also improve your wellbeing.
StepChange Debt Charity followed up on their clients three, nine and 15 months after their first debt advice session.
Just three months after they spoke to advisors at the charity, two thirds of clients said they worried less about their debts than they did before receiving advice. Four in five said they were “…
Read the full article at: https://www.dailyrecord.co.uk/lifestyle/money/seeking-debt-advice-help-your-14020004
There is a light at the end of the tunnel for tens of thousands of dudded subcontractors after Attorney-General John Quigley pledged to introduce legislation to protect their pay before the end of the year.
Mr Quigley, who took over the Commerce and Industrial Relations portfolio from Bill Johnston in December, yesterday declared he was quietly determined to legislate for pay protection.
He said he intended to adopt barrister John Fioccos recommendations to embrace the east coast model for nationally consistent pay rules.
They include a 15-day pay or explain-why-not deadline, cascading statutory trusts to protect payments down the food chain, and an efficient and quick adjudication system.
He said he had read Subcontractor WA chairwoman Lou…
Read the full article at: https://thewest.com.au/business/construction/attorney-general-john-quigley-promises-laws-to-protect-subcontractors-pay-ng-b881113191z
Ending up with unmanageable debt doesnt usually happen overnight. Instead, its often a slow, almost imperceptible trickle, that can start with being a few hundred dollars short every month, according to Scott Hannah, head of the B.C.-based Credit Counselling Society.
In the early stages, that gentle sloping toward the debt hole can be reversed. You can hunker down, tighten your belt, and dig yourself out.
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Beyond a certain point, though, that becomes impossible, according to Doug Hoyes, licensed insolvency trustee and co-founder of Ontario-based Hoyes Michalos and Associates. You are just not going to be a…
Read the full article at: https://globalnews.ca/news/4974556/5-signs-you-need-help-debt/
(CBS4) Rachael Ray welcomed a mother from Boulder to her show on Thursday. The Rachael Ray show, which airs on CBS4 at 9 a.m. on weekday mornings, featured Kate Lacroix and her ongoing efforts to pay off school lunch debt in Boulder Valley School District.
(credit: CBS)
After seeing someone else eliminate all the layaway debt at a store, Lacroix got the idea to do the same for the Boulder Valley School District lunch program.
I knew that school lunch shaming existed across the country. School lunch debt is when parents cant afford to pay for their students lunch. The kids still get to eat, but (the family) gets a bill, she said.
Lacroix said since starting the effort, she has heard from people around the country who want to start simila…
Read the full article at: https://denver.cbslocal.com/2019/02/21/boulder-valley-school-district-lunch-debt-campaign-rachael-ray-kate-lacroix/
NEW YORK, Feb. 21, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Danske Bank A/S (OTCMKTS: DNKEY)
Class Period: Purchasers of American Depositary Receipts between January 9, 2014 and October 23, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/danske-bank-a-s-loss-form?wire=3
The lawsuit alleges: Danske Bank A/S made materially false and/or misleading statements…
Read the full article at: https://globenewswire.com/news-release/2019/02/21/1739738/0/en/CLASS-ACTION-UPDATE-for-DNKEY-YRIV-TYME-and-MHLD-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders.html
Fior Markets have published a research study on Global Credit Settlement Market Growth (Status and Outlook) 2018-2023. The report is useful for existing market players, as well as, those are interested in the analysis. It contains qualitative market data from 2018 to 2025. The authors have completed an overall analysis of various aspects of markets such as vital information about the industry, status, drivers, trends, and challenges in current market situations. The initial section of this report refers to the introduction, market overview, product scope, and driving factors for growth prospects.
Report overview:
Potential top players along with their weaknesses and strengths are covered in this report. In addition, the …
Read the full article at: http://techdosedaily.com/2019/02/21/global-credit-settlement-market-major-players-analysis-2018-premier-debt-help-freedom-debt-relief-national-debt-relief-rescue-one-financial/
A logo at the newly Interpol completed Global Complex for Innovation is seen during the inauguration opening ceremony in Singapore on April 13, 2015.
Photo by AFP
INTERPOL under a request of judicial agencies of Israel has issued a red notice against Ukrainian businessman Oleksandr Hranovsky (Granovskyi), …
Read the full article at: https://www.kyivpost.com/ukraine-politics/interpol-issues-red-notice-against-businessman-hranovsky-under-request-of-israel.html
The outcome of the 21st meeting is:
1. The RP said that V.6 of the list of Creditors had been submitted to NCLT,uploaded on the website of the Co.&shared with CoC; 2.The CoC said about the exclu. appl. for 24 days filed by the RP with NCLT, on 08.02.19 due to time taken to re-conduct the Outbid Process & discussion &voting over the Distribution Methodology; 3.The RP & CoC discussed about the revised bids received from a Resolution Applicant other than the III subsequent to the Outbidding Process conducted on 22.01.19. Pursuant to the appeal filed by the RA before the NCLAT against the NCLTs order directing the outbidding process to be re-conducted, the CoC was informed that the hearing has concluded during the course of the meeting & the…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ramsarup-industries-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26328923.ece
An important appeal court ruling on insolvency matters was made last month in a joint decision on two cases: Bresco Electrical Services Ltd (in liquidation) vs Michael J Lonsdale (Electrical) Ltd and Cannon Corporate Ltd and Primus Build Ltd [2019] EWCA Civ 27.
In the Bresco appeal, Bresco was in insolvent liquidation where the Insolvency Rules mutual debit, credit and set-off provisions automatically applied, the practical effect of which is that an account must be taken by the liquidator of what is due to or from the company and a creditor to produce a single figure for payment. Lonsdale argued that the effect of Bresco being in liquidation meant these provisions applied such that only the Bresco liquidator had the jurisdiction to d…
Read the full article at: https://www.building.co.uk/communities/how-insolvency-affects-the-jurisdiction-of-an-adjudicator/5097998.article
30-second summary
- Watchdog reviewing use of credit cards to place bets
- As much as 8.6m a year being gambled via credit cards
- MPs concerned it adds to Britains gambling epidemic of 480,000 problem gamblers
After a Daily Mail report highlighted the way gambling companies encourage their customers into spending more money, the next call for action is to ban the use of credit cards. It is feared that credit cards aid vulnerable gamblers to spiral into debt.
Last year, the UK Gambling Commission stated it had begun looking at the use of credit cards. The official review will begin next week, potentially resulting in a tightening of the law around them.
Restrictions on credit card betting
Gamblers are about to find there could be new restrict…
Read the full article at: https://www.vegasslotsonline.com/news/2019/02/20/credit-cards-uk-regulator-mulls-ban-gamblers/
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Read the full article at: http://time.com/5534176/petition-sell-montana-canada-debt/