Insolvency Guardian Media Centre
Aug 14 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
– The number of air passengers arrested for drunken misbehaviour on flights and in airports has risen by 50 percent in the past year, an investigation has found. Two senior peers have pressed UK government to place the aviation industry under the same strict licensing laws as pubs and nightclubs. bit.ly/2vSFdWZ
– One in six care home companies is in danger of insolvency, according to a report from an accountancy firm Moore Stephens. About 420,000 people over the age of 65 are being looked after in Britain’s 11,000 residential care homes, including 220,00…
Read the full article at: https://www.reuters.com/article/britain-press-business-idUSL2N1KZ0MQ
Stephen Hundy from Worrells, Canberra.
So far, Ive focused on celebrating businesses in this series, as their owners are truly bucking the trends. But what if your business is not only not bucking the trends, but even sliding down a slippery slide to oblivion and financial ruin. What if you are so far from bucking the trends that you are desperate? What are your options? Ive found a man who knows the answers.
Lets take a birds eye view of the financial landscape through the lens of a specialist and expert in the insolvency business, Stephen Hundy from Worrells, Canberra.
Stephen has been in the insolvency industry for over 20 years. On completing his commerce degree through the ANU, he was immediately given the opportunity to work…
Read the full article at: https://the-riotact.com/bucking-the-trends-in-business-worrells/208141
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses dont make it past the first three years, which is why business owners should seek help early on to ensure their financial health.
But first, business owners have to be realistic about their financial situation. Too many look at their bank accounts, see they have money and assume theyre doing well without taking accumulated creditor and tax debt into consideration. Others believe the next big sale will solve systemic problems while facing mounting business debts.
No one plans for failure,…
Read the full article at: http://www.dynamicbusiness.com.au/small-business-resources/finance-cash-flow/headed-for-financial-trouble-spotting-the-warning-signs-could-make-all-the-difference.html
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.dailyadvertiser.com.au/story/4851750/with-friends-like-lemuel-page/?cs=2452
NEW DELHI: The Noida Authority has asked the interim resolution professional (IRP) appointed for the Jaypee Infratech insolvency proceedings to keep the interest of the companys homebuyers as top priority.
“We have told the IRP to keep the interest of homebuyers as top priority,” said Amit Mohan Prasad, chief executive officer, Noida Authority. Prasad said the CEOs of Noida, Greater Noida and Yamuna Expressway authorities have been called for a meeting with newly appointed chief secretary of Uttar Pradesh Rajive Kumar on Monday.
“A meeting has been called to discuss how to resolve the builder-buyer issues and the Jaypee case will be a part of it,” he said. About 32,000 homebuyers have been left in the lurch after Jaypee Infratech…
Read the full article at: http://economictimes.indiatimes.com/keep-buyers-interest-as-top-priority-noida-authority-to-interim-resolution-professional/articleshow/60050594.cms
(CNN) — Almost two in five U.S. households carry a balance on their credit cards, according to CNN. The average debt load for those who roll balances from one month to the next is $16,048.
That number may seem huge, but there are ways to pay down the debt which best fit your situation.
One way is through a balance transfer. This way you put your debt on one card with zero interest for a set time.
The no-interest rate is by far the biggest reason to transfer balances. These cards apply no interest on balance transfers and new purchases for between six months and 21 months. This is a decent amount of time to pay down the debt without worrying about any build…
Read the full article at: http://www.local8now.com/content/news/Tips-to-pay-off-credit-card-debt-440181153.html
Labor is reeling after an adviser resigned amid revelations that the party bankrolled its 2016 federal election campaign with the help of up to $140,000 in donations from gold dealers linked to a multimillion-dollar tax scam.
The resignation from NSW Labor of rising star, 2016 Senate candidate and gold trader Simon Zhou, comes as respected ALP MP Anthony Byrne called for a full parliamentary inquiry into foreign interference and donations, with public hearings by the joint parliamentary intelligence committee, of which he is deputy chair.
“This has to be done, even if it involves our own side,” Mr Byrne said.
Meanwhile, Foreign Minister Julie Bishop has savaged NSW Labor senator Sam Dastyari in Parliament over his June 17, 2016, press con…
Read the full article at: http://www.esperanceexpress.com.au/story/4728324/alp-reels-after-resignation-and-calls-for-china-donations-inquiry/?cs=4092
NationalDebtRelief.com
debt plays an important and crucial role in calculating [their] credit scores
Past News Releases
Olympia, WA (PRWEB)
August 13, 2017
Debt ripples out to multiple areas in a persons financial life and National Debt Relief explains how it affects credit scores. The recent article titled How Your Debt Impacts Your Credit Score published August 3, 2017 aims to help consumers understand this correlation bett…
Read the full article at: http://www.prweb.com/releases/debt_affects/credit_score/prweb14577104.htm
Debt ripples out to multiple areas in a person’s financial life and National Debt Relief explains how it affects credit scores. The recent article titled “How Your Debt Impacts Your Credit Score” published August 3, 2017 aims to help consumers understand this correlation better in order for them to make better and informed financial decisions.
Olympia, WA (PRWEB) August 13, 2017
Debt ripples out to multiple areas in a person’s financial life and National Debt Relief explains how it affects credit scores. The recent article titled “How Your Debt Impacts Your Credit Score” published August 3, 2017 aims to help consumers und…
Read the full article at: https://www.benzinga.com/pressreleases/17/08/p9921922/debt-affects-credit-scores-as-explained-by-national-debt-relief
Noida (Uttar Pradesh): As hundreds of angry home buyers of Jaypee Wish Town staged a protest here, the Noida Authority on Saturday promised to protect the interests of the flat owners, saying a plan is being worked out in this regard.
The home buyers gathered at the company office here, shouting slogans against the management and demanding refund of their investments since the National Company Law Tribunal has admitted the insolvency petition filed by IDBI Bank against the debt-ridden Jaypee Infratech.
Representational image. AFP
The protesters demanded that their money be returned first as they fear that if the company is declared insolvent, all their court cases will become ineffective and they will not be able to get possession of their …
Read the full article at: http://www.firstpost.com/business/jaypee-infratechs-home-buyers-stage-protest-in-noida-after-company-files-petition-for-insolvency-3923919.html
Home buyers of Jaypee infratech are facing an unprecedented situation: it is the first housing company that has entered insolvency proceedings. Complications are little when it comes to insolvency of, say, a steel company. But the case of real estate company which is in the middle of constructing homes becomes challenging, especially for buyers. That’s why Jaypee Infratech is a test case where different, and sometimes colliding, laws will be interpreted for all future cases.
What should the Jaypee Infratech home buyers do now?
Raise your claim
The National Company Law Tribunal (NCLT) has appointed an insolvency professional to carry out the proceedings under the Insolvency and Bankruptcy Code. The buyers in Jaypee projects can rais…
Read the full article at: http://economictimes.indiatimes.com/news/economy/policy/what-if-your-builder-becomes-insolvent-road-ahead-for-jaypee-buyers/articleshow/60033930.cms
London- A 58-year-old Indian-origin director of a pizza company in the UK has been banned for seven years for making payments totalling at least 205,000 pounds to a company in which he had a personal interest.
Balwinder Singh‘s Charnwood Foods Ltd in the WestMidlands region of England had the franchise for Papa John’s Pizza in Bromsgrove from March 2014 to March 2015.
The company went into liquidation on August 26, 2015, with no assets, owing an estimated 358,816 pounds to creditors of which 308,233 pounds was owed to a bank in respect of bank loans.
An investigation by the UK’s Insolvency Service found that Singh “unreasonably caused payments” of at least 205,000 pounds to a partnership he had a personal interest in.
Under the…
Read the full article at: http://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/indian-origin-pizza-company-director-banned-in-uk/60032108