Barry Hughes, who declared himself bankrupt owing £10m and claimi…
Read the full article at: http://www.dailymail.co.uk/news/article-5246247/Ex-millionaires-enjoy-lavish-lifestyles-bankruptcy.html
Dubai-based contracting giant Drake & Scull International (DSI) has announced that it has successfully completed the restructuring of its corporate general bank debt in the UAE.
The company said in a statement that it has also secured new credit lines and working capital facilities for its ongoing and new projects portfolio.
DSI said it has obtained the support from all its creditors for the restructuring of its corporate general debt in the UAE after reaching an agreement with nine banks to refinance AED566 million.
The remaining tranche of the companys corporate general debt comprising the AED440 million sukuk will mature in November 2019. The company will initiate talks with its sukuk holders to refinance this tra…
Read the full article at: http://www.arabianbusiness.com/banking-finance/387156-dubais-drake-says-uae-bank-debt-restructuring-completed
PUBLISHED: 11:36 08 January 2018 | UPDATED: 11:36 08 January 2018
Welwyn Hatfield CAB chief executive Debbie Rixon. Picture: Kevin Lines
Archant
The last day of January is expected to be the busiest of the year for people seeking help with their debts, according to Citizens Advice Welwyn Hatfield.
Analysis of national data from the past 12 months reveals that on January 31 last year, Citizens Advice helped 2,…
Read the full article at: http://www.whtimes.co.uk/news/debt-advice-in-welwyn-hatfield-citizens-advice-1-5346319
MINNEAPOLIS–(BUSINESS WIRE)–Regis Corporation (NYSE: RGS), a leader in the haircare industry,
whose primary business is owning, operating and franchising hair salons,
today announced it will close approximately 600 nonperforming Company
owned SmartStyle salons on January 31, 2018.
Our people are at the center of who we are and what we do, said Hugh
Sawyer, President and Chief Executive Officer of Regis Corporation. As
a result, any decision that may affect our associates is carefully
considered prior to implementation. To retain the unique talent and
loyalty of our stylist community, we intend to offer many of our
impacted stylists and salon ma…
Read the full article at: https://www.businesswire.com/news/home/20180108005447/en/Regis-Successfully-Completes-Restructuring-Company-Owned-SmartStyle
NEW DELHI: Companies which have defaulted on payment of dues to banks will require their approval for managerial remuneration beyond a certain threshold, according to the government.
The approval will also be needed in case of defaults to public financial institution, non-convertible debenture (NCD) holders and other secured creditors.
The provision is part of the amendments to the Companies Act which were cleared by Parliament last month.
A few provisions of the amended Act, which were notified on January 3, have important bearing on the working of the Insolvency and Bankruptcy Code, 2016, an official release said today.
The Code provides for a market-determined and time-bound resolution of insolvency proceedings. Many…
Read the full article at: https://economictimes.indiatimes.com/news/economy/policy/managerial-pay-stricter-norms-for-defaulting-companies/articleshow/62414980.cms
HÀ NI Deputy Prime Minister Vng ình Hu has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem).
The decision, designated for 2018-2020, aims to improve Vinachems structure, capacity, production efficiency and business competitiveness.
While signing the decision, the deputy prime minister stated the need for streamlined and compact business models after the equitisation process at Vinachem and its member companies.
The key focus of Vinachem is State divestment from the mother company and a number of its subsidiaries.
The mother company plans to become equitised in 2018-19, leaving only 50-65 per cent of its charter capital of some VN20 trillion (US…
Read the full article at: http://vietnamnews.vn/economy/420745/government-approves-restructuring-of-vinachem.html
Step 1: Hash out the details
Going into anything blind is never a good idea so make sure to be specific with how long you intend to use the balance transfer card for. The general time period for these cards starts at 6 months and can be upwards of 24 months, that is, before the revert rate kicks in. Just remember, the larger the debt, the longer youll need to hang onto the card.
Step 2: Compare your options
Now comes the time to get specific with the type of card you want. There are a number of different balance transfer cards floating around, which can be overwhelming when you only need to pick one. Luckily, Mozos balance transfer comparison tool makes it easy to compare features of different cards, helping you find your new plastic m…
Read the full article at: https://mozo.com.au/credit-cards/articles/blasting-christmas-debt