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Debt consolidation is debt management – not debt eliminationWhile debt consolidation offers may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors before picking one up.
Source: IndependentSG - 🏆 2. / 72 Read more »
Singapore High Court extends Hyflux debt moratorium to end of April 2019HYFLUX has convinced a Singapore High Court to extend its debt moratorium by four-and-a-half months to April 30 next year, despite arguments from some bank creditors that the insolvent firm should be kept on a tighter leash. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Debt collector who sent fake legal letters to debtors jailed 30 weeks, fined $80,000The owner of a debt collection company who passed himself off as lawyer while pursuing debtors was sentenced to 30 weeks' jail and fined $80,000 at the State Courts on Wednesday (9 January).
Source: YahooSG - 🏆 3. / 71 Read more »
Debt collection firm boss jailed 30 weeks, fined $80,000 for falsely claiming to be legal consultantSINGAPORE - The boss of a debt collection company who sent letters of demand to debtors while falsely claiming to be a 'legal consultant' will now have to pay his debts to society.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Debt collector convicted of masquerading as 'legal consultant'The owner of a debt collection company obtained templates of legal letters from the internet and modified them for business purposes from 2013 to 2015, a court heard.
Source: YahooSG - 🏆 3. / 71 Read more »
Solar power startup SolarHome raises US$10m debt from crowdfunding, investorsSINGAPORE-BASED startup SolarHome – which sells pay-as-you-go solar power systems to households in Myanmar – has turned to debt from crowdfunding platforms to fund its expansion. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tesla plans to use stock-cash mix to pay off March debt: BloombergTesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the debt, Bloomberg reported on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Noble Group taps Bermuda court to keep debt restructuring plan afloatNoble Group said on Tuesday (Dec 11) it will push on with its US$3.5 billion debt restructuring by keeping the new company private, a last-minute ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
More than 200 maids in debt seek help after loan cap takes effectUnder new rules that kicked in on Nov 30, foreigners earning less than $10,000 a year here can borrow only up to $1,500 from all licensed moneylenders combined.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Fed urged to get more serious about US corporate debt risksBankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »