Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses.

Accompanying this initiative is a renaming of R&Qs Malta domiciled insurance platform, R&Q Insurance (Malta) Ltd., to Accredited Insurance (Europe) Ltd. This change is effective immediately.

Accredited will be jointly run by Todd Campbell, as CEO of its U.S. business, and Colin Johnson, as CEO of its European division. Both individuals report to Alan Quilter, co-founder of R&Q and group CFO.

Accrediteds strategic aim is to provide high quality and fully licensed capacity for MGAs and othe…

Read the full article at: https://www.insurancejournal.com/news/international/2018/09/07/500417.htm

The Company informs that the Fifth (5th) Meeting of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 was held on Thursday, 6th September 2018. This is a Post Facto intimation of the Committee of Creditors Meeting.

Pdf Link:
Ricoh India Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors

Source : BSE – www.bseindia.com

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ricoh-india-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article24892280.ece

Lyndon Porretta, 47, from Newport was a carpenter, who held management positions in a number of joinery installation companies.

In 2000, Lyndon Porretta set up Kruz Developments Ltd (Kruz) after he spotted a gap in the market caused by increasing demand for disability access. The company provided installation services to clients such as rehabilitation centres, banks and retailers across South Wales.

However, work declined during the recession and in late 2015, after inspecting company records, HMRC discovered that Kruz Developments had deliberately filed 14 VAT returns between December 2011 and September 2015 which understated the amount of tax due by a total of £521,814.

This led to a demand for VAT and penalties of £743,464,…

Read the full article at: https://www.gov.uk/government/news/7-year-ban-for-director-of-disability-ramp-company

Debt-ridden young people in Kirklees are declaring themselves insolvent before they reach their mid-twenties.

New data shows a total of 821 people in the borough either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.

Of those, 44 were aged under 25.

Twenty-one of those youngsters took on an IVA, while 22 accepted a DRO. One was declared bankrupt.

Across Kirklees a whole, one in every 412 adults of all ages fell into individual insolvency in 2017.

The national average for England and Wales was one in 469.

Stoke on Trent had the highest rate, with one insolvency for every 223 adults living in the city.

In some parts of London and the affluent south – such…

Read the full article at: https://www.examiner.co.uk/news/west-yorkshire-news/young-people-broke-going-bankrupt-15118303

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Read the full article at: http://www.digitaljournal.com/pr/3928135

Many people bury their head in the sand, choosing to ignore mounting bills and missed payments this can be incredibly stressful and have a significant impact on happiness, health and wellbeing.

That being said, its important to do something about it before it gets out of hand. From my own personal experience, figuring out a solid way to pay back what you owe and getting yourself out of this situation (for good) is extremely liberating and freeing.

Here are my tips for ending the cycle:

1. Consolidate your debt

If you have more than one credit card or loan, the first step is to roll them into one. This way, you just have one debt to pay off each month, rather than having to juggle multiple deadlines. You may also be able to receive…

Read the full article at: https://www.womenshealth.com.au/how-to-get-out-of-debt-quickly

CREDIT card customers will find it tougher to get plastic under drastic new changes that will force them to repay their debts in just three years.

From January 1 cardholders signing up to a new card must prove they can repay the total limit within this time frame.

Latest Reserve Bank of Australia data shows credit card limits hit a record high in April at $153.9 billion – on an average of about $9400 per card.

Under the changes implemented by the corporate regulator, the Australian Securities and Investments Commission, banks have less than four months to roll out the new rules.

Consumer groups believe the move is a huge win for credit card customers because it will lead to less people running into financial heart…

Read the full article at: https://www.qt.com.au/news/credit-card-crackdown-to-help-customers-get-out-of/3513952/

Ford Motor employees are warily awaiting details of CEO Jim Hacketts promised fitness plan and the serious possibility of significant job losses as the company faces pressure to improve its operations.

The company has warned of $11 billion in restructuring costs over three to five years, which could mean thousands of worker buyouts, according to analysts.

H…

Read the full article at: https://www.usatoday.com/story/money/cars/2018/09/06/ford-motor-jobs-jim-hackett/1209706002/

Local Aussie ice-cream maker Bon Appetit Australia has entered voluntary administration after ongoing issues with the business, with creditors reportedly owed over $1 million.

Established back in 1980, Bon Appetit is a family business that started out as a small Melbourne gelateria on Chapel Street. In 2011, the company began producing and supplying ice cream and gelato to a number of Australian businesses through the Bottega del Gelato and Brown Cow Ice Cream brands.

The company is the main producer of ice cream for the Dairy Bell ice-cream stores based in Victoria, and also runs a frozen and packaged fruit and jam brand called Berry King.

The company acquired Dairy Bell back in 2015 after the iconic local ice-creameries shut t…

Read the full article at: https://www.smartcompany.com.au/finance/dairy-bell-ice-cream-maker-bon-appetit-australia-collapses-one-million-owed-creditors/

People in Plymouth are among the most likely in the country to become insolvent, new figures have revealed.

A total of 851 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.

That works out as one insolvency for every 248 adults living in Plymouth – the second highest rate in England and Wales combined behind Stoke-on-Trent.

To put that in perspective, the average for England and Wales was one in 469.

In some parts of London and the affluent south – such as Kingston upon Thames – the rate was as low as one in 1,111.

The data was published by The Insolvency Service under Freedom of Information laws.