Insolvency Guardian Media Centre
Being in debt can be stressful, and it can be difficult to know what to do first, especially if youre constantly getting letters and calls from the companies you owe money to.
You might be thinking about taking out a loan to pay back money you owe, but this can make the problem worse when there might be a better solution for you.
Theres no debt problem thats unmanageable.
Becoming debt-free, however long it takes, can improve your credit rating and mean you can think about longer-term plans.
When you have more than one debt, you must make sure youre dealing with the most important ones first.
Debts come in various forms, such as bank loans, pay day loans, credit cards and catalogues.
Some debts are known as priority debts and they …
Read the full article at: http://www.morpethherald.co.uk/news/dealing-with-the-anguish-of-debt-1-8705509
Officials at WyoTech, a Corinthian Colleges campus, talk to students on the day their campus shut down. Adolfo Guzman-Lopez/KPCC
California Attorney General Xavier Becerra announced on Friday that about $51 million in student loan relief will be coming to former California students of the now defunct Corinthian Colleges.
Corinthian intentionally targeted low-income, vulnerable individuals through deceptive and false advertising that misrepresented job placement rates and school programs, Becerra said in a written statement.
The settlement was part of a multi-state effort to wrest funds from bankrupt Aequitas Capital Management Inc., a company that helped Corinthian sign students up f…
Read the full article at: https://www.scpr.org/news/2017/08/18/74827/more-debt-relief-for-former-corinthian-college-stu/
Photo: PTI Union Finance Minister Arun Jaitley
Previous laws were only partly effective in resolving the problems of insolvency and bankruptcy in the corporate world and one would have to wait to judge the effectiveness of the current mechanism to deal with the issue, Finance Minister Arun Jaitley said today.
“Earlier, if companies were for insolvency, they got stuck in courts indefinitely. The SICA merely provided an ‘Iron Curtain’ against debtors, otherwise it was an absolute failure and could achieve very little of the purpose for which it was created,” Jaitley said.
The Debts Recovery Tribunal (DRT) was somewhat faster, but not as effective as envisaged, while the Sick Industrial Companies Act (SICA) failed and the Securiti…
Read the full article at: http://www.indiatvnews.com/business/india-still-judging-current-mechanism-to-resolve-bad-debts-arun-jaitley-397178
A financially rewarding full time job can come from a humble summer gig and National Debt Relief shares some important tips about it. The article titled “How To Turn A Summer Gig Into A Full Time Job” released August 17, 2017 explains how people looking for some financial stability can take advantage of a summer gig.
Miami, FL (PRWEB) August 19, 2017
A financially rewarding full time job can come from a humble summer gig and National Debt Relief shares some important tips about it. The article titled “How To Turn A Summer Gig Into A Full Time Job” released August 17, 2017 explains how people looking for some financial stabi…
Read the full article at: https://www.benzinga.com/pressreleases/17/08/p9953329/full-time-job-from-a-summer-gig-as-explained-by-national-debt-relief
MUMBAI: Finance Minister Arun Jaitley said on Saturday that while previous laws were only partly effective in resolving the problems of insolvency and bankruptcy in the corporate world, one would have to wait to judge the effectiveness of the current mechanism to deal with the issue.
“Earlier, if companies were for insolvency, they got stuck in courts indefinitely. The SICA merely provided an ‘Iron Curtain’ against debtors, otherwise it was an absolute failure and could achieve very little of the purpose for which it was created,” Jaitley said.
The Debts Recovery Tribunal (DRT) was somewhat faster, but not as effective as envisaged, while the Sick Industrial Companies Act (SICA) failed and the Securitisation and Reconstruction of…
Read the full article at: http://economictimes.indiatimes.com/news/economy/policy/sica-experiment-was-an-absolute-failure-fm-arun-jaitley/articleshow/60130658.cms
Amid growing sense of anxiety and confusion among home buyers of Jaypee Infratech projects, the insolvency resolution professional (IRP) has come up with a few clarifications regarding a resolution plan and chances of refund for stalled projects.
The IRP has come up with a list of 27 projects under three land parcels where buyers can submit a claim. Many buyers were confused about whether to file claims against Jaypee Infratech or Jaypee Associates. The IRP has now listed 27 projects which come under Jaypee Infratech.
The IRP constituted by National Company Law Tribunal (NCLT) has issued various clarifications regarding the current logjam between buyers, builders and banks on Friday evening.
Stating that a resolution plan will be approved …
Read the full article at: http://www.hindustantimes.com/noida/homebuyers-of-27-jaypee-infratech-projects-affected-by-company-s-insolvency/story-mhU3MOGe4FaeUYnSdaiK2H.html
Moneycontrol News
The big development over the week has been on the real estate front. In a move that would worry homebuyers, one of the large developers, Jaypee Infratech was declared insolvent by the National Company Law Tribunal (NCLT), causing ripples.
Being declared insolvent means the developer would be able to avoid the stringent provision of the new Real Estate (Regulation and Development) Act 2016 (RERA).
Is there a likelihood of more developers seeking insolvency given the large debts that some of them have piled up over the years? Earth, Era and Gardenia have expressed their inability to pay up their debts. Read if companies declared insolvent will be out of the RERA ambit.
If you are one of the 40,000 unfortunate…
Read the full article at: http://www.moneycontrol.com/news/business/companies/this-week-in-personal-finance-jaypee-insolvency-rattles-homebuyers-2364401.html
New DELHI: The Insolvency Resolution Professional (IRP) dealing with the Jaypee Infratech case has concluded that the current proceedings will cover apartments and plots spread across 27 projects in three land parcels and has ruled out any impact on projects being developed by Jaypee Associates, while also categorically stating that no refunds are possible.
In a second set of FAQs released late Thursday evening, the IRP appointed by the National Company Law Tribunal has also said that the resolution plan will be approved by the Committee of Creditors (CoC), comprising financial creditors – public sector banks, financial institutions and other lenders.
The CoC is to be set up within 30 days, or by September 9 and will decide o…
Read the full article at: http://timesofindia.indiatimes.com/city/noida/insolvency-covers-27-jaypee-infra-projects-irp/articleshow/60126996.cms
Officials at WyoTech, a Corinthian Colleges campus, talk to students on the day their campus shut down. Adolfo Guzman-Lopez/KPCC
California Attorney General Xavier Becerra announced on Friday that about $51 million in student loan relief will be coming to former California students of the now defunct Corinthian Colleges.
Corinthian intentionally targeted low-income, vulnerable individuals through deceptive and false advertising that misrepresented job placement rates and school programs, Becerra said in a written statement.
The settlement was part of a multi-state effort to wrest funds from bankrupt Aequitas Capital Management Inc., a company that helped Corinthian sign students up f…
Read the full article at: http://www.scpr.org/news/2017/08/18/74827/more-debt-relief-for-former-corinthian-college-stu/
Buyers of undelivered flats can now seek claims from an insolvent company under the revised regulations of insolvency law.
IBBI (The Insolvency and Bankruptcy Board of India) on Wednesday night added a form-F for homebuyers. Earlier the homebuyers didnt have a specific form to be filled up to claim refund from a builder. The government added it after the homebuyers protests. Now, there is no confusion on filing claims. Earlier, the buyers were filling claims in Form C under financial creditors, said Pawan Chaturvedi, lawyer with Delhi High Court and expert in insolvency and bankruptcy code and real estate.
Till now, only financial and operational creditors were permitted to seek claims under the Insolvency and Bankruptcy Code (IBC).
Under…
Read the full article at: http://www.hindustantimes.com/noida/jaypee-homebuyers-get-separate-form-to-claim-their-money/story-6ItgiDtHnS8OQlDuB9wxfI.html
Since time immemorial, women have stayed with violent partners because they can’t afford to leave.
Clearly, there’s been progress. In our society women have full economic rights, though we don’t yet have full financial equality. We can hold a job, we can open a bank account, we can own property in our own right, and increasingly we do all of these things. We’re also more likely to get a fair share of joint assets in the case of a break-up.
Though women are arguably freer to leave a violent relationship than ever before, it remains challenging for anyone in that situation. And money remains a key factor .
Befor…
Read the full article at: http://www.smh.com.au/money/app-to-help-women-escape-domestic-violence-through-financial-independence-20170818-gxzpww.html
The Chinese government has served notice on the countrys foreign investment spree in football clubs, skyscrapers and Hollywood as it moves to curb rising levels of debt among domestic companies.
The announcement of restrictions in a range of sectors follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets including Legendary Entertainment, the US film producer behind Jurassic World and Warcraft, buildings such as the Cheesegrater in London, and English football clubs including Southampton and Aston Villa.
The curbs were announced in a document released on Friday by the state council, Chinas cabinet, in the latest move to halt a string of foreign acquisitions. This week the …
Read the full article at: https://www.theguardian.com/business/2017/aug/18/china-moves-curb-overseas-acquisitions-firms-debt-levels-rise