*Restructure all debts (credit card outstanding/ personal loans/ cash products/ mortgage loan) into LOWER REPAYMENT* Tailor-made financial solutions based on your current financial situation. HOW IT WORKS: 1. We will provide FREE CCRIS/CTOS checking through RAM Credit. It will contain credit related information of an individual such as below: Outstanding credit & repayment history over the past 12 months including any overdue Any "special attention accounts" under close monitoring by banks Any applications for credit in the previous 12 months that have been approved or are pending Any facilities that has been rescheduled or restructured 2. We will study the CCRIS/CTOS report and figure out the best solutions. IF you need extra cash, we'll help you in (A) Loan Application , we'll filter through all 17 banks loan eligibility/requirement, submit your application to whichever bank that provide the highest approval rate) IF you want to lower down credit card & personal loan monthly repayment, we'll help you in converting (B) EPP/SMP. IF you want to convert (C) DMP (Debt Management Program), we'll assist you throughout the process. IF you're seeking for (D) MRC (Mortgage Refinance Consolidation), we'll obtain the best rate for you & assist through the whole process until approval. (A) Loan Application -filter through all 17 banks latest loan requirement -consolidate all debts into one new loan -evaluate approval rate -assist in all documentation & submission until successful #Example of appreciation from successful customer: https://www.facebook.com/ms.alicelim.wwc/photos/a.1974222089522042.1073741828.1974194726191445/1976033482674236/?type=3&theater (B) EPP/ SMP a. EPP -reduce existing credit card o/s interest (from 18%p.a. become 8~10%p.a) -reduce monthly repayment -tenure from 1~5 years -early settlement no penalty -support all 17 banks credit card -provide 100% approval #Example of EPP calculation & comparison: https://www.facebook.com/ms.alicelim.wwc/photos/a.1974222089522042.1073741828.1974194726191445/1974220886188829/?type=3&theater b. SMP -pay only 1% minimum payment to credit cards instead of 5% -maintain good payment & good CTOS record -reserve more cash on hand (C) DMP (Debt Management Program) -consolidate all debts into 1 account (6%p.a.) -reduce monthly repayment into at least 3x lesser -early settlement interest rebate -arrange all documentation -prioritize & book the fastest possible interview date -provide 100% approval #Example of successful DMP case: https://www.facebook.com/alicelim.unipride/photos/a.1974222089522042/2439346433009603/ (D) MRC (Mortgage Refinance Consolidation) -only 3.5%~5.5%p.a. -consolidate all debts (credit card o/s, personal loan, car loan....) -tenure up to age 70 years old -DSR calculation up to 80% (higher approval chance) -lower monthly repayment -direct process with all 17 banks processing team (highlight: MBSB, Alliance Bank, Hong Leong Bank) #Example of successful case despite bad CCRIS & weak documentation: https://www.facebook.com/ms.alicelim.wwc/photos/a.1974222089522042.1073741828.1974194726191445/1985822005028717/?type=3&theater #Example of MRC calculation: https://www.facebook.com/ms.alicelim.wwc/photos/a.1974222089522042.1073741828.1974194726191445/1974222682855316/?type=3&theater For more details, please contact or Whatsapp: Ms. Alice Lim 017-8632272 or email: [email protected] Reference: https://www.facebook.com/alicelim.unipride https://www.facebook.com/UniPrideIntegrativeSdnBhd

Textiles Colombo unveils debt restructuring plan to address economic crisis 30 Jun '23 2 min read Pic: Shutterstock Insights Sri Lanka's central bank has unveiled a debt restructuring plan to reinstate stability after the economic crisis in 2022. It offered a 30 per cent reduction on dollar-denominated bonds, including international sovereign bonds that comprise more than a quarter of the country's foreign debt. The restructuring, planned to get over by last August, got delayed. Sri Lanka's central bank unveiled a debt restructuring plan yesterday to reinstate stability after last year’s economic crisis. It offered a 30 per cent reduction on dollar-denominated bonds, including international sovereign bonds (ISB) that comprise more than a quarter of the country’s total foreign debt.Sparing bilateral lenders, the central bank will ask such lenders to extend the maturity of their loans up to 15 years at an annual fixed interest rate of 1.5 per cent, with a nine-year moratorium on interest payments, according to Sri Lankan media reports.Sri Lanka's central bank has unveiled a debt restructuring plan to reinstate stability after the economic crisis in 2022. It offered a 30 per cent reduction on dollar-denominated bonds, including international sovereign bonds that comprise more than a quarter of the country's foreign debt. The restructuring, planned to get over by last August, got delayed.Sri Lanka defaulted on its $46-billion foreign debt in April last year after running out of foreign exchange to finance import of food, fuel and medicine.The government's direct external debt is $36 billion, of which $13.52 billion is bilateral loans and ISBs are worth $12.5 billion.The move follows Colombo cutting subsidies, doubling taxes and promising to privatise hundreds of state enterprises under a $2.9-billion bailout agreed to by the International Monetary Fund (IMF) in March this year.Under that agreement, the country needs to reduce its debt servicing by two-thirds in the next four years to balance its books and restore its finances.The government had expected foreign debt restructuring to be completed by last August, but that got delayed when China, its largest single creditor, initially refused to take a haircut, and instead, offered further loans to pay off old debts.China holds about 52 per cent of the country’s bilateral credit, with Japan and India the next biggest lenders.ISB holders and Sri Lankan nationals holding dollar bonds can opt for a 30 per cent reduction in capital in exchange for getting the rest of their money back in six years at a 4 per cent interest rate.Dollar-denominated Sri Lanka Development Bonds will be treated comparably to foreign creditors. Around $1.48 billion worth such bonds are outstanding, official data shows.The third option is to exchange the dollar bonds for rupee securities, which will mature in 10 years and attract a floating interest rate of 1.0 percentage point above the central bank's policy rate.Some $10 billion in multilateral credit is not covered by the debt treatment.Central bank governor Nandalal Weerasinghe said negotiations with bilateral creditors are under way. Fibre2Fashion News Desk (DS)

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Sri Lanka's central bank on Thursday unveiled its domestic debt restructuring plan, envisaging a 30 percent haircut on dollar-denominated bonds, including international sovereign bonds. The treatment of dollar-denominated Sri Lanka Development Bonds (SLDB) will be "comparable to external creditors", the bank said in a statement.

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This is the first book to provide a complete comparative analysis of expedited corporate debt restructuring alternatives in the European Union. The work considers the different options available to a company facing a distress scenario and focuses on the options that provide expedited solutions to these issues. The techniques considered in full include: (1) out-of-court reorganization or (non-insolvency process-related) private workouts; (2) pre-packaged reorganization plans; and, (3) pre-arranged or pre-negotiated reorganization plans. The merits and suitability of each technique are considered and case studies are used to illustrate these points in each chapter. A considerable feature of the work is the jurisdiction analysis which allows the reader to compare the law and practice related to each method in each of the EU member states. Each country chapter sets out the relevant legal framework, illustrates its practical application and highlights potential problems through the use of case studies. The aim of the book is to work as a toolkit, a first point of reference for anyone dealing with companies in distress in the EU. In addition to the jurisdictional analysis, the thematic chapter provide an introduction to the techniques discussed and cover common issues for all EU jurisdictions.

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China said it wants multilateral lenders to participate in the debt restructuring of poorer nations as part of a three-point

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Sri Lanka is taking steps to establish a debt restructuring framework by mid-2024, as the country grapples with a severe economic crisis. With a high

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The government intends to proceed with domestic debt restructuring (DDR), with a final decision on how to proceed expected next

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