UPDATE 1-Hungary's central bank says number of foreign currency personal
The bank said the Irish programme included a government interest subsidy for banks, new personal bankruptcy laws and rolling targets for commercial banks to clean up their portfolios. It also included a code of conduct detailing the treatment of …
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Family bankruptcy bill could help 25000 families
Under the bill, insolvent Hungarians with debts – including interest and fees – between HUF 2 mln and HUF 60 mln, would be allowed to file for personal bankruptcy, exempting their assets from debt collection. Debtors and lenders would have an incentive …
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The Kansas City Club padlocks its doors and pursues bankruptcy
The Kansas City Club, after 133 years, has closed its doors, as its “cash flow situation has become untenable,” a note to members said. The club, founded in 1882, has struggled financially but remained open with the help of loans and gifts and the …
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PRECIOUS-Gold holds up on Greek debt crisis, but dollar strength caps gains
Without a deal, Athens risks default or bankruptcy in weeks, a development that could have a wide-ranging impact on financial markets. * The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss …
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