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.
Who is the perpetrator of the deadliest mass shooting in U.S. history?
As the identities of the victims started coming in Monday morning and authorities said that the death toll stands at 58 with more than 500 injured, more information has come out on the 64-year-old killer, a man by the name of Stephen Craig Paddock.
According to comments made from his younger brother Eric, Paddock enjoyed gambling and moved from Florida to Mesquite, NV a couple of years ago in order to be closer to the gambling and amenities of Las Vegas and get away from the Sunshine State humidity.
Hes just a guy who played video poker and took cruises and ate burritos at Del Taco, Eric added to the Orlando Sentinel. Theres no political affiliation that we kno…
CLEVELAND, Oct. 2, 2017 /PRNewswire/ — McDonald Hopkins LLC has announced the election of four attorneys to the firm’s membership.
McDonald Hopkins, with offices in Cleveland, Columbus, Detroit, Chicago, West Palm Beach and Miami, named Alexa Guevara (West Palm Beach), Joshua Gadharf (Detroit), Jason Harley (Columbus) and Ilirjan Pipa (Cleveland) members, effective October 1, 2017.
“This year we are privileged to recognize and promote four attorneys for their expertise, consistently high-level of client service and their entrepreneurial spirit,” said Shawn M. Riley, president of McDonald Hopkins. “All four attorneys are rising stars who have demonstrated leadership qualities and expertise in their practice areas.”
Construction of light rail in Addis Ababa, Ethiopia. Development funding in low-income countries must be balanced with repayment capacity (photo: Yannick Tylle/Newscom)
Understanding Debt: A Better Tool for Low-Income Countries
October 2, 2017
The IMF and the World Bank are looking to update the framework for assessing debt-related risks in low income countries by mid-2018. The framework consists of a number of tools to help governments analyze risks and make sound decisions on how much debt to take up, including for public investment that can support development.
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Here are some basics about the debt sustainabilit…
Without providing any evidence to support the claim, the Islamic State group on Monday said the gunman in the mass shooting in Las Vegas was “a soldier” from its ranks who had converted to Islam months ago.
Authorities have yet to identify a motive for the shooting, and said initially there was no evidence of any connection to international terrorism.
The extremist group has a history of exaggerated or false claims, including earlier this year, when it claimed an attack on a casino in the Philippines that turned out to have been a botched robbery carried out by a heavily indebted gambling addict.
The group’s Aamaq news agency released two brief statements hours after the shooting at a country music concert that killed at …
Thompson & Knight LLP is pleased to announce Patrick J. Trostle has joined the Firm as a Partner in its New York office in the Bankruptcy and Restructuring Practice Group.
With 25 years of experience, Patrick will add immediate depth to our nationally recognized Bankruptcy and Restructuring Practice. He will spearhead our distressed investing practice in New York City, said David M. Bennett, the Firms Bankruptcy and Restructuring Practice Leader. Patricks leadership skills and experience will complement our existing New York presence and position us to better service our clients. We simply are delighted to have him on our team.
said Monday it is planning to issue $1 billion of bonds due 2025 and will use the proceeds to help fund the repurchase of existing notes. The company, which is struggling with a $28 billion debt burden, said it would add cash on hand …
NEW YORK, Oct. 2, 2017 /PRNewswire/ — Thompson & Knight LLP is pleased to announce Patrick J. Trostle has joined the Firm as a Partner in its New York office in the Bankruptcy and Restructuring Practice Group.
“With 25 years of experience, Patrick will add immediate depth to our nationally recognized Bankruptcy and Restructuring Practice. He will spearhead our distressed investing practice in New York City,” said David M. Bennett, the Firm’s Bankruptcy and Restructuring Practice Leader. “Patrick’s leadership skills and experience will complement our existing New York presence and position us to better service our clients. We simply are delighted to have him on our team.”
Mr. Trostle focuses his practice on complex restr…
LAST month credit reference agency Equifax was the victim of a major cyber-attack which saw the personal details of thousands of customers stolen.
But what are the credit reference agencies, what information do they hold and what does your credit rating ACTUALLY mean?
Alamy
Your credit report is vital if you’re going to get the best rates on loans and credit cards
What are the Credit Reference Agencies?
In the UK there are three main Credit Reference Agencies:
Experian
Equifax
Callcredit
All three firms hold data on your financial history.
These details include your bank accounts, any credit cards or loans you have and the debt associated with them, any late payments you’ve made, any County Court Judgements (CCJs) made against y…
THOUSAND OAKS, Calif., Oct. 2, 2017 /PRNewswire/ — The new and Innovative LoanGifting SaaS Fin Tech solution was created to help overcome the estimated $1.5 trillion student loan debt epidemic. As per the Federal Reserve Bank of New York, the average default rate on student loan debt is 11.2 percent. More specifically, it is estimated that no payments were made on $137 billion in student loans due in 2016. This represents a 14 percent increase in defaults compared to 2015. Given the increasing student debt load and inability for many to overcome this burden, additional methods to repay student debt must be utilized. LoanGifting harnesses the power of crowdfunding and employee student loan benefits and can help those with st…
Lately, it seems that a day doesnt go by without another gloomy forecast about the retail sector. At the moment, anticipated price hikes are making the headlines, with Brexit, higher inflation, an unstable pound and business rates all being cited as contributing factors. Consumer confidence is another regular theme. The Scottish Retail Consortium recently called on the Scottish Government to rule out any changes to Scottish income tax rates as a way of bolstering consumer confidence in the face of flat wages, rising household bills and the consequent shrink in discretionary spending power.
The retail sector has certainly been one of the busiest for the insolvency profession in recent years. Over the last decade, numerous hou…
Collapse of Monarch, which served more than 40 destinations from five UK bases, follows insolvency filings at Alitalia SpA and Air Berlin Plc
London: UK leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European operator in five months.
The airline and Monarch Travel Group have been placed under administration, leading to the suspension of the Luton, England-based companys operating licence, according to a statement on Monday. Future flights and holidays have been cancelled and wont be rescheduled, affecting a further 300,000 people.
The collapse of Monarch, which served more than 40 destinations fr…
