Insolvency Guardian Media Centre
Crown prerogative dates back to the Magna Carta entitling the monarch to absolute priority for revenue related debt. Come 6 April 2020 will we really be heading back to feudal times and 1215?
The proposal to reinstate Crown preference was announced as part of the Autumn Budget last year and came as a surprise to many. The expected consultation paper published by HMRC this week seeks the views of individuals, shareholders, directors, lenders, companies and insolvency practitioners on the proposal to reinstate Crown preference in part.
However whilst this is a consultation, one might conclude from the language of the paper that t…
Read the full article at: https://www.natlawreview.com/article/hmrc-versus-company-rescue-hmrc-issues-consultation-paper-proposed-return-crown
Ayalon controlling shareholdercalled to hearing over conduct
Levy Rachmani, the founder and controlling shareholder of insurer Ayal…
Read the full article at: https://www.haaretz.com/israel-news/business/business-in-brief-robotic-parking-garages-unitronics-to-split-into-two-companies-1.6981269
This is to inform you that the application filed by Anchor Leasing Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with rule 4 of Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 before National Company Law Tribunal, Mumbai Bench has been admitted by the Honble Tribunal vide its Order dated February 25, 2019 which was made available on February 27, 2019. The commencement of the Corporate Insolvency Resolution Process is effective from the date of the Order.
Further, Mr. Arun Kapoor having registration No. IBBI/IPA-003/IP-N00030/2017-18/10230 has been appointed as Interim Resolution Professional to conduct the Insolvency Resolution Process.
Pdf Link:
Euro Ceramics Ltd. – Corpo…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/euro-ceramics-ltd-corporate-insolvency-resolution-process-cirp-appointment-of-interim-resolution-professional-irp/article26394975.ece
Editors note: The following article contains information only. It is not intended as general or personal advice. Your Money recommends seeking professional advice specific to your personal circumstances.
When you apply for a loan or credit card, your credit score goes a long way to determining whether youre successful.
With an excellent credit score, the financial world is your oyster. Youll be able to borrow more money from a wider range of lenders often at a better rate.
But if your credit score is bad, the reverse is also true.
Lenders will restrict the amount theyll lend you and the products from which you can choose. In fact, if its very bad, you may not be able to secure fin…
Read the full article at: https://www.yourmoney.com.au/wealth/credit-and-loans/why-your-credit-score-matters-and-how-to-fix-it/
The women gambling with their marriages, careers and even their lives: It starts with harmless smartphone games, warns a top addiction therapist
- Addiction expert Liz Karter, examines the increasing number of female gamblers
- She says many are using gambling to numb pain, anxiety and depression
- Fiona Smithburned through a 40,000 inheritance gambling on her phone
- Kelly Field, 36, has a70,000 debt from gambling that inspired an ITV drama
- She recalls considering suicide before seeking help from an addiction service
- Sarah Grant, 32, spent nine weeks in prison for stealing 1,900 from a friend
…
Read the full article at: https://www.dailymail.co.uk/femail/article-6752665/The-women-gambling-marriages-careers-lives.html
Global Debt Settlement Market report presents the worldwide Debt Settlement market size (value, production and consumption), splits the breakdown (data status 2014-2018 and forecast to 2025), by manufacturers, region, type and application.
This press release was orginally distributed by SBWire
Los Angeles, CA — (SBWIRE) — 02/27/2019 — Global Debt Settlement Market report presents a detailed analysis of the competitive landscape along with company profiling of key players competing in the world. The competitive analysis offered in the report includes market share, gross margin, product portfolio, consumption, market status, and technologies of leading players operating in the global Debt Settlement market.
Global Debt Settlement Market r…
Read the full article at: http://www.digitaljournal.com/pr/4182572
UPDATE: Creditors have voted to place Sporties Dubbo into liquidation, the administrators say. The decision was made at a meeting of creditors held at Dubbo on Wednesday. It comes just over three months since the Erskine Street venue entered voluntary administration. Aaron Lucan and Graeme Beattie, partners of Worrells Solvency and Forensic Accountants NSW & ACT were appointed as the administrators. Sporties Dubbo, the trading name of the Dubbo Railway Bowling Club, ceased to trade on Saturday. It was established more than 60 years ago in 1954 to cater for NSW railway employees domiciled at Dubbo. EARLIER: One of Dubbos oldest bowling clubs has ceased trading and a meeting of creditors on Wednesday will decide the future of its affai…
Read the full article at: https://www.dailyliberal.com.au/story/5927456/sporties-dubbo-ceases-trading-creditors-to-meet/
Revolving credit card debt can be a problem at any age, but its especially troublesome when youre retired and on a fixed income.
Unfortunately, credit cards have become the lender of last resort for some senior citizens who often face medical-related expenses on top of ongoing cost increases in housing, utilities and food.
Here is a look at the problem, ways to deal with credit card debt at an advanced age and how to avoid this problem as you approach retirement.
[Read: Best Low-Interest Credit Cards.]
Is Credit Card Debt an Issue for Senior Citizens?
Credit card debt has increased among families headed by someone age 65 and older in the last couple of decades, according to a 2018 report from the Employee Benefit Research I…
Read the full article at: https://wtop.com/news/2019/02/how-seniors-can-get-help-with-credit-card-debt/
LEVERKUSEN, GermanyBayer AG said the number of plaintiffs suing over its weedkillers had risen by another 1,900 over the last three monthsadding legal pressure on the German pharmaceuticals and chemicals company as it navigates a broad restructuring of its businesses.
The company, which makes drugs such as Aspirin, chemicals and seeds, also reported a net loss of 3.92 billion ($4.46 billion) in the fourth quarter compared with a profit of 148 million a year ago, most of which resulted from write-offs for consumer-health…
Read the full article at: https://www.wsj.com/articles/bayer-faces-mounting-weedkiller-lawsuits-amid-sweeping-restructuring-11551257970
Businessman is balancing with debt, 3D rendering Getty Royalty FreeGetty
Our minds are wired to prioritize the near-term over the long-term. We shouldnt be surprised that a new survey by New York Life shows most parents list paying down existing debt as their number one financial priority over longer term goals like saving for college or retirement. However, the number of American parents focused on primarily paying down debt is astonishing, with roughly 72 percent of parents saying their primary financial focus in 2019 will be debt management.
The number was even higher for younger parents, ages 18-34. Roughly 80 percent said debt reduction is their primary focus. While debt management is extremely important, i…
Read the full article at: https://www.forbes.com/sites/jamiehopkins/2019/02/27/americans-focus-on-debt-management-but-lose-focus-on-retirement-savings/
27-02-2019
To
The GM
Department of Corporate Services,
BSE Limited,
Mumbai.
Dear Sir,
Sub: Outcome of 5th CoC Meeting of M/s. Southern Online Bio Technologies Limited scheduled on 27th February, 2019.
With reference to the subject cited above, I would like to inform you that the following matters are the outcome of the 5th Committee of Creditors Meeting of M/s. Southern Online Bio Technologies Limited held on 27th February, 2019.
1. Discussed on the 4th CoC meeting minutes and approved by the members of the CoC
2. Discussed and approved with the 97% of voting by the members of the CoC to extend the time for submission of Resolution Plans till 7th of March, 2019.
3. RP has informed to the members of the CoC about the status of the Forensic Audit a…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/southern-online-bio-technologies-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26388367.ece
There are not enough trade associations and business chambers capable of leading their industries in transformation efforts, Ms Foo Mee Har (West Coast GRC) said in Parliament yesterday.
These industry federations are expected to play a pivotal role in economic restructuring through the 23 industry transformation maps.
But the task for these federations to make transformation more effective and immediate has proven to be uneven across the various industries, said Ms Foo, who cited feedback she had received.
She added that few trade associations and chambers (TACs) were able to help their members access local and international networks.
Finance Minister Heng Swee Keat said last week that the Government will develop five-year road maps …
Read the full article at: https://www.straitstimes.com/business/few-trade-bodies-able-to-lead-restructuring-foo-mee-har