-
17 May 2018
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.
What does Liverpool think of new betting machine rules?
“Who’s got £100 every 20 seconds?” Toni Wilkinson said, backing the new rules
“Twenty seconds on those FOBTs and your wages are gone… it’s like a drug”.
Stand on the corner of one of the busiest shopping streets in Liverpool and you’ll…
Read the full article at: http://www.bbc.co.uk/news/uk-england-merseyside-44158276
Financial struggles for employees also create problems for employers.
Counting down to payday is a stressful, but all too common practice. Unfortunately, an August 2017 CareerBuilder survey found that the vast majority (78 percent) of the 3,462 full-time U.S. workers polled said they live paycheck to paycheck.
Related: Help With Student Loans Is the ‘Hot’ New Employee Benefit
This isnt just the employees problem. Financial stress hurts everything from productivity and performance to morale and satisfaction at work, making it an employers problem, too.
For these reasons, more employers are opting to provide financial wellness assistance to their employees.
Free financi…
Read the full article at: https://www.entrepreneur.com/article/313064
The issue of whether or not the Conway Golf Club can be sold could be decided June 13 when a hearing on the sale has been scheduled in the Horry County Master of Equitys Court, according to information filed recently in the Horry County Court of Common Pleas.
The hearing is scheduled to begin at 3 p.m.
Also in connection with the issue, Myrtle Beach attorney Douglas Zayicek has filed several new documents, one giving a recent appraisal of the course and its amenities at $1.6 million, and another from an insurance company showing the recent damages done to the clubhouse and course at $21,353.
After expenses, the insurance company…
Read the full article at: https://www.myhorrynews.com/news/fate-of-conway-golf-club-could-be-decided-june/article_8b67de4e-59f6-11e8-b88a-9faaa2b46b15.html
Borealis Maritime is expanding its fleet with pair of sub-panamax boxships bought for about $22.6m.
The UK-managed operation has emerged as the buyer of the 2,510-teu Hermes (built 2006), one of four former Hansa Treuhand-financed sub-panamaxes that were declared insolvent in May 2016.
The Hermes was bought for $10.3m and was delivered to its new owner on 3 May, market sources said. Borealis managing director Christoph Toepfer confirmed the purchase.
It will join the 3,534-teu TRF Praia (built 2009), to be renamed Bomar Praia, which Borealis has purchased for $12.5m.
Borealis bought the TRF Praia from TRF Ship Management, the Norwegian outfit set up to run the fleet of Wilbur Ross-backed Transportation Recovery Fund (TRF). It is one of…
Read the full article at: http://www.tradewindsnews.com/liner/1492297/borealis-bulks-up-on-sub-panamaxes
The business, which was founded by the late Antonio Carluccio in 1999, has 103 restaurants in the UK but is seeking approval from landlords to slash rents in a restructuring plan known as a Company Voluntary Agreement (CVA).
The CVA, put together by restructuring advisers at KPMG, will allow Carluccios to pay a reduced rent for six months while the board engages with landlords about possible closures.
Carluccio’s is a well-established and much-loved part of the UK high street.
Will Wright
-
Carluccio’s is a well-established and much-loved part of the UK high street.
https://www.independent.ie/world-news/carluccios-sets-out-restructuring-plan-with-34-stores-likely-to-close-36918009.html
Carluccio’s is a well-establi…
Read the full article at: https://www.independent.ie/world-news/carluccios-sets-out-restructuring-plan-with-34-stores-likely-to-close-36918009.html
EX-Geordie Shore star Chantelle Connelly has been declared bankrupt.
Her financial troubles follow her GBH conviction for punching a woman in a brawl in Newcastle.
![Chantelle Connelly poses in Marbella as it's revealed she is bankrupt]()
BackGrid
Chantelle Connelly poses in Marbella as it’s revealed she is bankrupt Official papers show the 28-year-old, who is this week sunning herself in Marbella with friends, asked to make herself insolvent.
She told Chronicle Live: I dont want to speak about it.
Chantelle quickly rose to fame on the 12th series of the MTV show, but quit after just one series.
Last year she was found guilty of smacking a woman on a boozy night out in a jealous rage over her ex.
![She is sunning herself with friends abroad]()
BackGrid
She is sunning herself with friends abroad She repeatedly asked victim Lauren Alexander if she had “g…
Read the full article at: https://www.thesun.co.uk/tvandshowbiz/6312522/chantelle-connelly-declared-bankrupt-geordie-shore-punched-woman/
Is Bank of the Ozarks making overly risky loans?
Getty Images
If you need relief from your high-interest loans or credit card debt, you may be considering a personal loan. Offered by many banks and credit unions, personal loans let you consolidate or refinance your debt into a lower-interest loan with one fixed monthly payment.
While they do have some disadvantages personal loans often have higher interest rates than the typical auto loan or mortgage they are a viable option for consumers who need to pay down high-interest debts.
If youve decided to pursue a personal loan, you should try to increase your chances of approval. Here are five tips to get approved for…
Read the full article at: https://www.myfoxzone.com/article/news/nation-now/5-tips-to-get-approved-for-a-personal-loan-for-debt-consolidation/465-9e2fb383-8e23-4d50-916d-ffae50cf4f88
A former FC 11 employee claims the sports academy targeted students who “werent smart enough for university and not good enough to play professional sport”.
“It was a sham. The entire business was leveraged on government grants, and when the government turned off the tap, the bottom fell out.”
FC 11 purchased a licence to operate as a registered training organisation from a Brisbane-based modelling agency and received funding under the VET FEE-HELP scheme, which was plagued by rorts and scandals.
Under the scheme, the federal government offered up-front grants for enrolments in vocational courses, with students required to repay the money once they earned more than $54,000 per year.
But when the government announced a freeze on the schem…Read the full article at: https://www.smh.com.au/education/sports-training-academy-collapses-owing-5-million-20180516-p4zfnd.html
Enbridge Inc. announced a restructuring plan Thursday that would see it offer $11.4 billion in shares to co-investors in four affiliated businesses, in order to offset risks caused by the loss of a U.S. tax allowance for certain interstate pipelines.
If the series of transactions unfold as anticipated, investors in all the companies and limited partnerships would hold shares in Enbridge, one of North Americas largest energy infrastructure companies.
The Calgary-based company holds pipelines in the United States that are losing tax advantages previously provided to so-called master limited partnerships, or MLPs. Enbridge has two MLPs, Enbridge Energy Partners, and Spectra Energy Partners.
The …
Read the full article at: https://www.theglobeandmail.com/business/article-enbridge-to-consolidate-assets-in-894-billion-restructuring-2/
ROME, May 17 (Reuters) – A proposal by the 5-Star Movement and the far-right League to exclude government bonds held by the European Central Bank from countries debt calculations can help Italy meet European rules on debt reduction, a 5-Star lawmaker told Reuters on Thursday.
A draft policy agenda drawn up by the two parties as the basis of a coalition government includes a proposal that sovereign debt bought by the ECB under its quantitative easing programme not be counted in EU countries debt-to-GDP ratios.
The only effect (of the proposal) is to make it easier to respect the fiscal compact, said 5-Star deputy Laura Castelli, who helped draw up the parties joint programme.
The EUs fiscal compact imposes steep annual reductions in the d…
Read the full article at: https://www.reuters.com/article/italy-politics-ecb-debt/5-star-says-coalition-debt-plan-can-help-italy-respect-fiscal-compact-idUSR1N1R502Q
Russia’s VTB Capital-based NuMetal Ltd today told the company law appellate tribunal, NCLAT, that it has offered over Rs 37,000 crore for Essar Steel in the second-round of bidding, which should be opened and the highest bidder be selected from it.
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.
At a hearing of counter petitions field in the National Company Law Appellate Tribunal (NCLAT), senior advocate Mukul Rohatgi appearing for NuMetal said that the second round would help to maximise value for lenders.
Essar Steel is being auctioned after the company defaulted on …
Read the full article at: https://www.businesstoday.in/current/corporate/numetal-offers-rs-37000-crore-for-essar-steel-wants-2nd-round-of-bids-opened/story/277152.html
The mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt.
The court heard she vanished during a custody dispute, and believed the girls were being abused by their father.
There was no evidence to support that claim, the court heard.
Since the woman was located, the girls have been living with their father in southeast Queensland.
In arguing for bail, defence barrister Tony Kimmins said she would likely have to wait in custody until next year before her matter could go to District Court trial.
Justice Peter Davis agreed the potential length of time was a concern.
“By the time this case gets on it’s likely that (the woman) will have served a large proportion of any sentence th…
Read the full article at: https://www.brisbanetimes.com.au/national/queensland/mother-accused-of-kidnapping-granted-bail-20180517-p4zfvx.html
