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I left Dubai in April last year after losing my job as a compliance director in the financial sector a couple of months earlier. When I left I had an outstanding loan of Dh380,000 and contacted the bank to inform them about my situation. I asked to reschedule the monthly loan payments into smaller amounts as my salary in Europe is much smaller. The conversation dragged on for five months, by which time I had outstanding / delayed payments. Eventually, the bank’s collection officer agreed to me making some payments and I was promised there would be no police case. He also said he would help me reach a settlement on lower payments. However, a week after making a payment, he cal…
Ex-footballer who tried to rob shops to pay off gambling debt is jailed
BelfastTelegraph.co.uk
A once promising footballer who turned to crime to fund his gambling addiction when injury abruptly ended his career has been jailed for a year after admitting trying to steal from shops.
A once promising footballer who turned to crime to fund his gambling addiction when injury abruptly ended his career has been jailed for a year after a…
“We are going to conduct a sort of reorganization, restructuring of the company this month, and make sure we’re well set up to achieve that goal,” said Musk during the call in early May, after the company reported first-quarter earnings.
A RECORD number of West Australians have been forced into bankruptcy or had to strike debt deals with creditors in a sign of the continuing tough situation facing the State.
New figures from the Australian Financial Security Authority revealed a spike in bankruptcies across WA in the three months to the end of March.
During the quarter, 545 bankruptcies were recorded across the State. It was the largest number of bankruptcies since 2003 and was 16 per cent up on the same time last year.
Bankruptcies were generally steady elsewhere in the country bar NSW where they lifted for the third consecutive quarter.
Taking in Part IX and Part X debt agreements, which allow people to restructure their debts, a record 1020 West Australians struck financi…
Australian online gaming and DFS firm
PlayUp is racking up the acquisitions prior to its dual listing on the NASDAQ and
the ASX via a reverse takeover of Mission NewEnergy Limited (ASX:MBT |
OTC:MNELF).
The company plans to raise $US40 million
($51.5 million) through the reverse listing on the ASX and deliver the worlds
first fully-integrated, blockchain enabled global fantasy sports, online sports
betting & gaming ecosystem.
Headed by Sydney-based entrepreneur Daniel
Simic, PlayUp has already locked in a number of acquisitions as it works
towards its goal of becoming one of the largest fantasy sports platform
operators.
The company is also represented by sporting
legend, Brett Lee, who has a social network of over four mil…
If, like many other people, you have found yourself drowning in debt, you will find that there are a number of solutions that may be suitable for you. The worst thing you can do if you have unmanageable debt is to bury your head in the sand, as this can result in the problem getting much worse and you could find yourself struggling when it comes to keeping on top of your finances. Pretty soon, paying bills and meeting essential costs could suffer, so the earlier you take action the better it will be for you.
One of the solutions that may be suited to your needs is debt consolidation. This is where you take a one larger low rate loan to repay all of your smaller higher rate debts such as credit car…
Running your own cafe, florist, butcher or boutique fashion store can be stressful enough without having to worry about being paid on-time. So to take the stress out of small business, MYOB and BPAY have today announced a partnership that will speed up your payments.
The collaboration means that MYOBs customers will now be able to process BPAY payments from their customers and clients as part of the software companys invoice payments service, which is also capable of processing credit card transactions.
Essentially, small businesses using MYOBs invoicing software now have another way of being paid which Head of Product Marketing, Kim Owen-Jones says will help solve a key problem for small busi…
Meanwhile, JAL, which has been asked by the Supreme Court to deposit Rs 2,000 crore for safeguarding the interest of home-buyers, has so far deposited only Rs 750 crore with the courts registry.
Lakshadweep, a joint venture between Sudhir Valia-led Suraksha ARC and Dosti Realty, will look at improving its bid for Jaiprakash Infrastructure (JIL) if an opportunity is afforded to it, sources close to the development told FE. The firm has already conveyed its intent to the resolution professional and the lenders to the troubled real estate company, the sources added.
Lakshadweeps bid, which had emerged as the highest, was rejected by the committee of creditors (CoC) to JIL last week saying it was too low, triggering speculatio…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and …
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WEST SENECA, N.Y. (WKBW) – They come in the mail all the time. Offers from debt relief and debt settlement companies promising to cut your monthly bills by reducing the amount you owe on loans and credit cards. They sound almost too good to be true – so are they?
“We hear about people getting taken advantage of all the time by debt settlement companies,” said Noel Carter, Chief Administrative Officer for Consumer Credit Counseling Service of Buffalo. Carter said very often debt relief companies fail to tell participants about the fine print, which can include additional tax liabilities, leg…
As previously announced, the Plan will decrease overall debt levels by approximately $600 million (including $522 million of debt exchanged for equity in the reorganized Company) and strengthen the Company’s balance sheet, allowing SEG to invest in the business to further support its financial health and long-term success.
Anthony Hucker, President and Chief Executive Officer of SEG, said, “We are delighted with the Court’s swift approval which marks a major milestone in the transformation and correction of our business. This confirmation paves the way for us to emerge as a strong, viable business that is well-positioned to succee…
Many celebrities go from being rich and famous to being involved in lawsuits or spending sprees that trigger bankruptcy.
One president was broke after leaving the Oval Office, and he had a famous author (who also went broke) write his memoirs.
MC Hammer, Meat Loaf, and 50 Cent all went from being top musicians with great wealth to bankruptcy and debt.
The lives of the rich and famous often seem glamorous, but even the biggest celebrities have issues with money.
Despite many inspiring stories of celebrities who came from nothing and worked their way out of financial hardship, the opposite also happens. For many stars, their career arcs are riches to rags.
Meanwhile, JAL, which has been asked by the Supreme Court to deposit Rs 2,000 crore for safeguarding the interest of home-buyers, has so far deposited only Rs 750 crore with the courts registry.