The case was listed for hearing last week and will be heard again on November 16, according to the Mumbai NCLTs cause list.A sinister ditty by the long-retired American satirical songwriter Tom Lehrer flashed into my mind yesterday morning. The song, called The Old Dope Peddler, contains the following verse: ‘He gives the kids free samples/because he knows full well/that today’s young innocent faces/will be tomorrow’s clientele’.
Lehrer was describing i…
Read the full article at: http://www.dailymail.co.uk/debate/article-4961232/Gambling-firms-targeting-children-bad-drug-pushers.html
Guy Chazan
Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a major risk to the world economy, in his parting shot as Germany’s finance minister.
In an interview with the Financial Times, the Europhile who has steered one of the world’s largest economies for the past eight years said there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into markets.
Mr Schäuble also warned of risks to stability in the eurozone, particularly those posed by bank balance sheets burdened by the post-crisis legacy of non-performing loans.
A strong advocate of fiscal rectitude, Mr Schäuble dominated Europe’s policy resp…
Read the full article at: http://www.afr.com/markets/debt-markets/wolfgang-schuble-warns-of-new-debtfuelled-global-financial-crisis-20171009-gywx9z
FRANKSTONs return to the VFL competition has gathered steam with the club appointing Adam Skrobalak as its senior coach for 2018.
Foxfooty.com.au understands the Dolphins will officially unveil Skrobalak as early as Monday afternoon.
Skrobalak will combine his full-time role as St Kilda Football Clubs ruck coach with his Frankston responsibilities. This unique mix will see him working closely with the Saints rucks during the week, only to coach against them whenever the Dolphins take on Sandringham in the VFL home and away season.
However this challenge pales into insignificance compared to the one Skrobalak faces in getting Frankston up to standard between now and the beginning of its 2018 campaign.
The debt-ridden club was booted out of th…
Read the full article at: https://www.foxsports.com.au/afl/returning-vfl-club-frankston-dolphins-appoint-coach-for-2018-season/news-story/b4b157d0923328f7bb91384ddd4b538e
The 49-year-old former tennis ace was previously declared bankrupt in June and is rumoured to be £54 million in debt, a figure which his lawyers have stated they “vehemently deny”.
Now, The Sun states that Boris will accept a staggering £500,000 pay check to go into the jungle for this year’s I’m A Celebrity… Get Me Out Of Here!
“As everyone knows, Boris’ financial situation is desperate,” a source close to the star told the publication. “He needs a way to make a lot of money fast, and has looked to I’m A Celebrity to help him do exactly that.”
The insider revealed that Boris’ team are currently in talks with ITV regarding his fee, and are aiming to achieve the whopping six-figure sum.
The three-time Wimbledon champion has been …
Read the full article at: http://www.express.co.uk/showbiz/tv-radio/863777/Im-A-Celebrity-2017-Boris-Becker-joins-line-up-500000-fee-bankruptcy-Ant-and-Dec-ITV
MUMBAI: Lenders to GTL Infrastructure declined to share information about the company in an effort to block a Reliance Capital arm from bidding for the telecom tower company. GTL Infra, where lenders currently own a majority, is running a sale process as part of a strategic debt restructuring exercise. After a decision to deny the Anil Ambani group company from bidding at the joint lenders forum (JLF), lenders plan to send questions to Reliance Capital Advisory Services (RCASL) seeking clarity on its intent of the purchase.
The bankers at the JLF expressed concerns over Reliance Capitals intention to buy GTL Infra, given that its parent group is exiting the telecom tower business. They also discussed RComs own strategic debt restructu…
Read the full article at: http://economictimes.indiatimes.com/news/company/corporate-trends/gtl-infras-lenders-bar-reliance-capital-arm-from-bidding-for-its-tower-assets/articleshow/60998380.cms
Parliament will resume on October 16, when the Senate will consider the governments proposed changes to higher education. There has been a lot of discussion about many of the changes, but little about the impact of the proposed change to HELP repayments. Here are five things Senators should know.
1. The HELP repayment threshold will vary according to family circumstances
Legislation to drop the minimum HELP repayment threshold for 2018-19 from $57,730 to around $52,000 was passed by the parliament last year. The government is now proposing to further reduce it to $42,000. This is around two-thirds of annualised average weekly earnings (AWE). This threshold will not apply to everyone with a HELP debt.
In 1997-98, the Howar…
Read the full article at: http://theconversation.com/five-things-senators-and-everyone-else-should-know-about-changes-to-help-debts-84843
Phil Ivey isnt the only one battling the Borgata in civil court. According to New Jersey court filings on Monday, former Washington Redskins running back Clinton Portis will be forced to stand trial December 6 for a $170,000 gambling debt hes owed Atlantic Citys Borgata Hotel and Casino since 2011.
Former NFL star Clinton Portis owes Atlantic Citys Borgata $170,000 from a 2011 gambling debt, and the casino is taking him to court to recoup the money. (Image: redskins.com)
The University of Miami product is attempting to have the debt written off due to his 2015 bankruptcy filing.
When Portis, a former collegiate national champion and All-Pro back, filed for bankruptcy, he had just $150 in his savings account and …
Read the full article at: https://www.cardschat.com/news/former-nfl-star-clinton-portis-faces-december-court-date-borgata-hopes-recoup-170000-gambling-debt-52379
As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for Chapter 22, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firms viability out of bankruptcy. The chart below summarizes the four Chapter 22 filings over the past year:
1 Emergence from 1st to 2nd filing.
In all of these Chapter 22 cases, the companies attempts to improve core operations were not successful. The restructuring of these companies after the Chapter 11 filings did not go far enough to address their various operational problems instead the efforts focused on improving the…
Read the full article at: https://www.chainstoreage.com/real-estate/big-mall-owner-cbl-launches-rebranding-campaign/
A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop.
Shareholders of The Fitzpatrick Companies, whose subsidiaries include Country Curtains, voted Wednesday to liquidate the 61-year-old business. Country Curtains will begin liquidating operations immediately, and a going-out-of-business sale will be launched in its 19 retail stores (and website) starting on Oct. 5. The stores will close by the end of the year.
Country Curtains has been struggling, challenged by online and other pressures. Its turnaround attempts, which included bringing in a new CEO, failed to take hold.
This has been a heartbreaking decision, but in sharing the background and facts w…
Read the full article at: https://www.chainstoreage.com/news/small-retailer-devoted-fans-closing-its-doors/
NEW DELHI: Jaiprakash Associates‘ board has approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company.
The company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by the Joint Lenders’ Forum.
The Jaiprakash Associates Ltd (JAL) board “has consented to carry forward the same through the scheme of demerger of the identified assets and liabilities” into a wholly-owned subsidiary of the company, it said in a stock exchange filing late on Saturday.
“The scheme envisages a demerger of the undertakin…
Read the full article at: http://economictimes.indiatimes.com/industry/banking/finance/jaiprakash-associates-approves-debt-restructuring/articleshow/60992964.cms