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.
SAP restructuring to focus on cloud SAP CEO Bill McDermott (Image: SAP) German vendor follows suit
This press release was orginally distributed by SBWireLansdale, PA -- (SBWIRE) -- 01/31/2019 -- Those who are facing a mountain
Market House Insolvency Services Limited (MHIS) in association with Home for Life held a workshop on personal insolvency and mortgage-to-rent
The National Company Law Tribunal (NCLT) has asked to initiate insolvency proceedings against real estate firm Emaar MGF Land after
AUSTRALIAN cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk.This includes
On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having
On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having
As education costs rise, employers are helping pay off student loans BOSTON - College students are taking on more debt
A miracle is a surprising and welcome event that is not explicable by natural or scientific laws and is therefore
The new FE insolvency regime is designed to improve the sustainability of the FE sector, says Stephanie Mason, who explains
A DALBY business has been left $1.6million out of pocket after the French government-owned company, Areva Solar KCP, went into
Americans had been doing a better job staying out of debt over the last decade, relative to the personal debt

SAP restructuring to focus on cloud





SAP CEO Bill McDermott (Image: SAP)

German vendor follows suit as the big tech firms reorganise in transition to selling cloud software

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Read the full article at: https://www.techcentral.ie/sap-restructuring-to-focus-on-cloud/

This press release was orginally distributed by SBWire

Lansdale, PA — (SBWIRE) — 01/31/2019 — Those who are facing a mountain of debt while still able to make payments are encouraged to contact the knowledgeable attorneys at Tadross Law. An attorney from this law firm will be more than happy to discuss the various benefits of debt settlement in Philadelphia and the surrounding regions.

Debt settlement establishes a reduced payment of debt in exchange for a lump sum or restructured monthly payments. The attorneys from Tadross Law are able to educate clients on the debt settlement process, as well as negotiate on their behalf and determine the best payment plan for the client and the creditors.

There are two types of debt an individual ca…

Read the full article at: http://www.digitaljournal.com/pr/4136058

Market House Insolvency Services Limited (MHIS) in association with Home for Life held a workshop on personal insolvency and mortgage-to-rent solutions at the Mount Errigal Hotel, Letterkenny, on January 22.
The Workshop was attended by local MABS representatives, solicitors and accountants and provided information on assessing mortgage-to-rent as a means of solving serious mortgage debt problems along with personal insolvency solutions such as Personal Insolvency Arrangements, Debt Settlement Arrangements or Bankruptcy.

Find Solutions
MHIS is a personal insolvency practice located in Market Square, Letterkenny and since 2014 has been helping people find solutions for their debt problems.
Paul C…

Read the full article at: https://www.donegaldemocrat.ie/news/home/361662/well-attended-mhis-workshop-discusses-personal-insolvency-and-mortgage-to-rent-solutions.html

The National Company Law Tribunal (NCLT) has asked to initiate insolvency proceedings against real estate firm Emaar MGF Land after two home buyers filed petition against the company for a huge delay in delivery of their housing units. Admitting the pleas of two of its home buyers, a two member bench headed by NCLT President Justice MM Kumar has appointed one Manoj Kumar Anand as the interim resolution professional of the company and directed him to make a public announcement about the development.

The tribunal has also directed the company, its erstwhile director, promoters or any other person associated with the Emaar MGF Land to extend every assistance and cooperation to the interim resolution professional”.

The NCLT …

Read the full article at: https://www.moneycontrol.com/news/business/companies/nclt-admits-insolvency-plea-against-emaar-mgf-land-appoints-resolution-professional-3461961.html

AUSTRALIAN cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk.

This includes stores in Joondalup, Hillarys, Midland, Booroogoon, Cockburn and Rockingham.

Company directors had been trying to find a buyer for months.

The struggling brand was created in 1995 by Australian makeup artist Napoleon Perdis, who started with a concept store in Sydney before expanding the company overseas in 2004.

Administrators Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue the sale option while the business continues to trade.

All Napolean Perdis stores closed today for a stocktake and are scheduled to reopen tomorrow with an expe…

Read the full article at: https://www.communitynews.com.au/joondalup-times/business/napoleon-perdis-group-in-voluntary-administration

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On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy.

Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more than 100,000.

People who are made bankrupt have a duty to declare their assets, which will be used to pay off their debts. Initially Darren Pole told the Official Receiver that he only owned two properties that had no equity in them.

However, following the appointment of a Trustee in Bankruptcy, further investigations identified a third property owned by Darren Pole. The property was mortgage-free…

Read the full article at: https://www.miragenews.com/cardiff-bankrupt-sentenced-for-hiding-assets-from-official-receiver/

On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy.

Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more than 100,000.

People who are made bankrupt have a duty to declare their assets, which will be used to pay off their debts. Initially Darren Pole told the Official Receiver that he only owned two properties that had no equity in them.

However, following the appointment of a Trustee in Bankruptcy, further investigations identified a third property owned by Darren Pole. The property was mortgage-free and ha…

Read the full article at: https://www.gov.uk/government/news/cardiff-bankrupt-sentenced-for-hiding-assets-from-official-receiver

BOSTON – College students are taking on more debt than ever. In fact, student loan de…

Read the full article at: https://www.boston25news.com/news/as-education-costs-rise-employers-are-helping-pay-off-student-loans/912167288

A miracle is a surprising and welcome event that is not explicable by natural or scientific laws and is therefore considered to be the work of the divine. When Christians talk about a miracle, they mean an event that is not normal that is, one that should not be able to happen according to the laws of nature.

The Gospels describe 35 miracles that Jesus performed. Over half of these miracles are about Jesus healing sick people. Others describe Jesus casting out demons from people. On three occasions, Jesus brought dead people back to life. The rest of the stories show Jesus power over things changing water into wine, feeding a great crowd with very little food, walking on water, calming a storm. This is just a snapshot of the miracles …

Read the full article at: https://www.beliefnet.com/inspiration/financial-inspiration-center/6-prayers-to-help-get-rid-of-all-my-debt.aspx

The new FE insolvency regime is designed to improve the sustainability of the FE sector, says Stephanie Mason, who explains what colleges need to know

On 31 January 2019 the further education insolvency regime comes into force, meaning that for the first time it will be possible for colleges to fail and be placed into an insolvency process. The new legislation, which is similar to the measures introduced last year for private registered providers of social housing, will apply aspects of corporate insolvency law to colleges that are statutory corporations. There will also be a new special administration regime known as education administration, with a special objective to protect learner provision for existing students at an insolven…

Read the full article at: https://feweek.co.uk/2019/01/31/what-does-the-new-insolvency-regime-mean-for-colleges/

A DALBY business has been left $1.6million out of pocket after the French government-owned company, Areva Solar KCP, went into liquidation weeks after it was ordered by a Supreme Court to pay hundreds of thousands of dollars.

Father and son duo Hermes and Steven Speziali own the family business Nortask and were embroiled in a legal battle after the failed Kogan Creek Solar Boost project, operated by Areva Solar KCP and CS Energy, forced them to lay off workers and cost millions in legal assistance, and damage to their property.

The project allegedly went pear-shaped when the materials, purchased by Areva Solar KCP, were found to be defective, according to Steven.

“CS Energy put a hold on the project to sort out these problems…

Read the full article at: https://www.sunshinecoastdaily.com.au/news/local-business-left-in-the-lurch/3636166/

Americans had been doing a better job staying out of debt over the last decade, relative to the personal debt levels seen before the Great Recession.But that scenario is changing.

U.S. adults racked up a total of $1.029 trillion in credit card debt at the end of 2017, according to the Federal Reserve.That amounts to $8,732 per U.S. household, the federal government reports. Worse, way too many credit card customers are paying high-interest rates – often at 20% or higher.

With credit card debt so high, and student loan debt rising to astronomical levels, one way to get on the path to financial recovery is to take out a debt consolidation loan.

These loans can save the day for Americans dealing with high debt burdens, if they manage the …

Read the full article at: https://www.thestreet.com/personal-finance/what-is-consolidated-debt-14847767

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