Are you tired of struggling to save money and still being unable to enjoy a decent living because debts keep accumulating? Are you suffering from chronic stress caused by the pressure of repaying each month the seemingly endless loans? Do you feel like the quality of your life dropped significantly because of these financial inconveniences? If you feel like you are sinking and you no longer have the power to fight, then you should consider resorting to debt consolidation. This concept implies combining all your debts into just one payment so you do not have to face significant bills and multiple interests. With the right debt consolidation program, bankruptcy becomes a term that no longer exists in your vocabulary. You probably won…
Read the full article at: http://www.valuewalk.com/2017/12/avoid-common-debt-consolidation-mistakes/
The government may remove the blanket ban on corporate guarantors of failed businesses bidding for stressed assets during the resolution process as it seeks to soften some of the rigidities in a recent ordinance amending the Insolvency and Bankruptcy Code (IBC). It may also create a carveout for smaller insolvent firms to allow their promoters to bid during the resolution process.
These changes are likely to be made when the ordinance is introduced in Parliament in the upcoming winter session. Issued last month, the ordinance barred guarantors of insolvent companies from bidding for the assets for which they had provided a guarantee, irrespective of whether this had been invoked and respected or not. “Changes are being examined…
Read the full article at: https://economictimes.indiatimes.com/news/economy/policy/blanket-ban-on-guarantors-of-stressed-firms-may-go/articleshow/62059700.cms
Sherri Parker Chapman and Susan Parker are launching Southern Estate Liquidations, a revolutionary estate liquidation company.
Southern Estate Liquidations will be pioneering the way for estate owners across the Southeast with its finger is on the pulse of the most aggressive buyers and sellers. This cutting edge company is ready to revolutionize the “Mom and Pop” estate industry, by employing expert appraisers and sophisticated strategies.
Sherri Parker Chapman is a veteran real estate professional with over 30 years of experience in both the public and private sectors. Chapman has served as an owner/investor, a buyer and agent, fostering long term relationships and key connections throughout the Tennessee Valley.
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Read the full article at: http://blog.al.com/press-releases/2017/12/sherri_parker_chapman_and_susa.html
Manoj K Singh
The Insolvency and Bankruptcy Code (IBC), 2016, has been enacted to reorganise and provide for the insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner inter alia for maximisation of value of assets.
The Corporate Debtors, Operational Creditors, Financial Creditors, Insolvency Professionals and other persons involved in the process of corporate insolvency resolution process have expressed concerns over various grey areas in the IBC. The ambiguities in relation to the Code need to be addressed as it will give more clarity to the objective behind enactment of the Code.
Some of the grey areas of the code are as below:
Position of property buyers
The position of th…
Read the full article at: http://www.moneycontrol.com/news/trends/expert-columns-2/decoding-the-grey-areas-of-insolvency-and-bankruptcy-code-2460979.html
Open enrollment closes by Dec. 15 for most individuals purchasing health insurance on the health care marketplace, and open enrollment periods are closing with many employers. Nationwide, people are experiencing pricing sticker shock. Health plan premiums are increasing by as much as 50 percent in some states. With annual health insurance premiums averaging $18,764 per family in 2017 and medical coverage costs rising from 6.5 percent of household median income in 2006 to 10.1 percent of household median income in 2016, many consumers are feeling the pinch.
“Rising medical costs are most evident for people who buy their own health c…
Read the full article at: https://www.prnewswire.com/news-releases/freedom-debt-relief-offers-tips-for-people-struggling-with-medical-debt-300570407.html
13 December 2017 | 12:50 | FOCUS News Agency
Source: Focus Information Agency Sofia. Dishonest employers will no longer be able to transfer their business to a third person who is unable to develop it. The proposed amendment to the Labour Code was unanimously supported by 111 votes, FOCUS News Agency reports. The adopted text introduces a new condition for insolvency proceedings. If a company fails to pay wages to more than 1/3 of its employees, it can be declared insolvent.
During the debates MP Krum Zarkov from the Bulgarian Socialist Party (BSP) said the new text had accomplished several things. It will no longer be possible, or at least not so easy, for a dishonest employ…
Read the full article at: http://www.focus-fen.net/news/2017/12/13/425887/parliament-abolishes-practice-of-transferring-a-company-to-a-tramp.html
Maurizio Zamparini assures Palermo wont go bankrupt – everyone can think what they want, but Ive never stolen a Euro.
Bankruptcy proceedings have been opened against the Sicilian club, with allegations that theres a 70m hole in their accounts.
The website Il Sole 24 Ore reported last month that the problem arose from repeatedly selling the Palermo brand, creating a financial benefit of 68.9m.
Im calm, because when I look at myself in the mirror I see a serious man, the Rosaneros major shareholder said as he left a charity event.
I dont want to talk about it, everyone can think what they want, but Ive never stolen a Euro.
If Palermo have to be declared bankrupt I think of Milan, who have to cover 300m of debt…
Read the full article at: http://www.football-italia.net/114181/zamp-‘palermo-won’t-go-bankrupt’
TEL AVIV (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday.
The plan includes closing its research and development center in the coastal city of Netanya, selling its logistics center in Shoham and laying off a third of its 6,800 workers in Israel, Calcalist said, citing people familiar with the matter.
A spokeswoman for Teva declined to comment.
Teva, the worlds largest generic drug maker, employs more than 56,000…
Read the full article at: https://www.reuters.com/article/us-teva-pharm-ind-restructuring/teva-pharm-to-unveil-restructuring-plan-on-thursday-report-idUSKBN1E70R1
TEL AVIV (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday.
The plan includes closing its research and development center in the coastal city of Netanya, selling its logistics center in Shoham and laying off a third of its 6,800 workers in Israel, Calcalist said, citing people familiar with the matter.
A spokeswoman for Teva declined to comment.
Teva, the world’s largest generic drug maker, employs more than 56,000 people. Last week, Bloomberg reported that the firm was considering cutting up to 10,000 jobs to reduce costs by $1.5 billion to $2 billion in the next two years.
Teva s…
Read the full article at: https://au.news.yahoo.com/a/38277242/teva-pharm-to-unveil-restructuring-plan-on-thursday-report/
ETMarkets.com|
Updated: Dec 13, 2017, 11.24 AM IST
Read the full article at: https://economictimes.indiatimes.com/markets/stocks/news/monnet-ispat-surges-3-on-reports-aion-jsw-may-acquire-cos-stressed-assets/articleshow/62048740.cms