Insolvency Guardian Media Centre
OAKLAND A man allegedly linked to several California bank robberies was hit with three new federal charges this week, court records show.
Clayton Quiz Smith, 44, was charged with robbing robbing two US banks in San Ramon, an El Dorado Savings Bank in Folsom, and a BBVA Compass bank in Concord. Court records say Smith confessed to robbing banks, saying he needed the money to pay a gambling debt. All robberies occurred in 2017, according to court records.
Smith was …
Read the full article at: http://www.eastbaytimes.com/2017/08/17/three-new-charges-for-alleged-bay-area-bank-robber/
Aequitas Capital managed private loans for Corinthian College students
OLYMPIA Attorney General Bob Ferguson announced today that Lake Oswego, Ore.-based Aequitas Capital Management must provide nearly 2,000 Washington student loan borrowers more than $7 million in debt relief.
A motion was filed in federal court today that, when approved, will allow Ferguson to file an assurance of discontinuance forcing the investment management firm to reduce, and in some cases eliminate, private student loan debt it manages for former students of for-profit Corinthian Colleges.
Aequitas exploited the broken promises that Corinthian made to Washington students, Ferguson said. These student borrowers deserve relief.
Corinthian owned and operated s…
Read the full article at: http://www.atg.wa.gov/news/news-releases/ag-obtains-7-million-debt-relief-nearly-2000-washington-student-borrowers
The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken.
Ownership of Valtifest has been transferred from the events brand Meubel Stukken to Vault Events. In a statement published on Valtifest’s website (which is currently down) and their Facebook page on August 11th, the event’s new owners said the festival “… will be executed and programmed under a new leadership. All purchased tickets remain valid and there will be no refunds.” It will take place on Saturday, September 9th as planned. The statement went on: “Due to the short…
Read the full article at: https://www.residentadvisor.net/news.aspx?id=39766
The student loan debt crisis has become one of the big moral and political quandaries of our age. 44 million Americans owe over $1.4 trillion in total debt, which is almost double that of total U.S. credit card debt. Even worse, those in debt are young, productive Americans who have to deal with this burden instead of purchasing homes or other investments which would further help the American economy. Even young accountants can find themselves struggling under the pile of such debt.
Individuals looking to ease their debt burden can find countless articles on the Internet describing ways to relieve their debt payment, but there is no substitution for professional expertise and advice. This is where CPAs can step in. By offe…
Read the full article at: https://www.accountingweb.com/community/blogs/garyeastwood/how-to-provide-student-loan-counselling-to-clients
The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken.
Ownership of Valtifest has been transferred from the events brand Meubel Stukken to Vault Events. In a statement published on Valtifest’s website (which is currently down) and their Facebook page on August 11th, the event’s new owners said the festival “… will be executed and programmed under a new leadership. All purchased tickets remain valid and there will be no refunds.” It will take place on Saturday, September 9th as planned. The statement went on: “Due to the short…
Read the full article at: https://www.residentadvisor.net/news.aspx?id=39766&comments=1
DECEIT: Steve Josifovski thought he could trust his old school friend Lemuel Page, but eventually became just another of the con man’s many victims. Inset: Page and his then wife Fiona at a Josifovski family function in happier times.
EVEN now, years later, Steve Josifovski doesnt want to believe he was ripped off.
After all, he and Lemuel Page had grown up together: they’d known each other since kindergarten at Waratah West Public School, spent their weekends together.
We grew up very close, Mr Josifovski said. But when he turned 16 he moved to Sydney and we lost touch.
Then one day in late 2001, without a word for more than a decade, Page turned up at Mr Josifovski’s family home in Waratah.
It didnt take long before he was forced to ta…
Read the full article at: http://www.westernadvocate.com.au/story/4851750/with-friends-like-lemuel-page/?cs=4189
This summer has been a DIY disaster for the UKs two biggest home improvement chains with both reporting falling sales as they struggle with wet weather and disruption from major restructuring plans.
Kingfisher, Europes largest home improvement retailer, reported a 4.7% fall in sales at its established B&Q stores in the three months to the end of July.
Homebase, which is in the process of transforming into an outpost of the Australian Bunnings chain, revealed a 4.3% fall in sales at stores open more than a year in the three months to the end of June.
Total sales fell 6.8% and underlying sales at established Homebase and Bunnings stores by 4.3% as they cut prices and suffered disruption from changing their look and product ranges….
Read the full article at: https://www.theguardian.com/business/2017/aug/17/b-and-q-kingfisher-sales-uk-barbecues-garden-furniture
A person who has to receive a payment from an insolvent company can now seek the claim under the insolvency law as the revised regulations have enabled owners of undelivered flats to get relief.
Till now, only financial and operational creditors were permitted to seek claims under the Insolvency and Bankruptcy Code (IBC).
The revised regulations come at a time when a large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the developers citing fund crunch.
The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Code, has amended the regulations whereby claims can be made by creditors other than financial and operational cred…
Read the full article at: http://economictimes.indiatimes.com/news/economy/policy/not-just-banks-and-firms-even-home-buyers-can-claim-their-money-under-new-bankruptcy-law/articleshow/60103489.cms
Vandana Ramnani
Moneycontrol News
With the Real Estate (Regulation and Development) Act 2016 (RERA) tightening the noose around the developer community, some of them may have found liquidation proceedings or the bankruptcy law as an avenue to escape the ambit of the state regulator, say legal experts.
Insolvency cases are likely to go up going forward, they say, adding through this method builders will be able to transfer the losses to property owners.
The Allahabad bench of the National Company Law Tribunal on Wednesday declared Jaypee Infratech as an insolvent company. There are reports that more developers may be declared insolvent. After Amrapali, other developers such as Earth, Era and Gardenia have expressed their inab…
Read the full article at: http://www.moneycontrol.com/news/business/real-estate/will-companies-declared-insolvent-be-out-of-reras-ambit-2362743.html
Multinational telecom operator Ericsson which carries 40% of the worlds mobile traffic on its networks and is Swedens second largest company by revenue reported another disappointing quarter last month.
As response, the troubled companys new CEO Börje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake.
Now insider sources have provided details to Svenska Dagbladet (SvD), indicating that Ericsson’s restructuring will be more brutal than expected.
The Swedish newspaper reports that there are advanced plans to cut Ericssons operations by 80-90 percent in some markets, and centralize several European markets. However, the 14,000 employee-strong Swedish wor…
Read the full article at: http://nordic.businessinsider.com/ericsson-is-reportedly-planning-to-cut-25000-jobs-in-brutal-response-to-crisis-2017-8/
There has been 41 bankruptcy adjudications in Louth since 2014, according to the Insolvency Service of Ireland, who released its Q2 statistical report for 2017 recently.
This represents a rate of 4.4 adjudications per 10,000 adults in Louth. This compares to 7.6 adjudications in Monaghan, 6.2 per 10,000 adults in Meath and 3.7 in Dublin.
The lowest rate in Ireland was in 2.8 per 10,000 in Kerry, and the highest was in Kildare, at 7.8 bankruptcy adjudications per 10,000 people.
When looking at debt solutions in Louth since 2014, it was found that there were 165 DRNs, DSAs, PIAs and bankruptcies approved.
A Debt Relief Notice(DRN) is a personal insolvency process provided for under the Personal Insolvency Act…
Read the full article at: http://www.dundalkdemocrat.ie/news/home/265512/revealed-bankruptcy-adjudications-in-louth-since-2014.html
Debt consolidation and debt restructuring are two separate debt repayment programs and National Debt Relief shares the difference between the two. The article titled “Debt Consolidation Vs. Debt Restructuring” and released August 14, 2017 takes a look at the distinct differences between the two to help consumers make better and informed decisions.
New York, NY (PRWEB) August 17, 2017
Debt consolidation and debt restructuring are two separate debt repayment programs and National Debt Relief shares the difference between the two. The article titled “Debt Consolidation Vs. Debt Restructuring” and released August 14, 2017 takes…
Read the full article at: https://www.benzinga.com/pressreleases/17/08/p9943205/debt-consolidation-and-debt-restructuring-differentiated-by-national-de