What went wrong with Carillion and where does it go from here? – The Guardian

Bankruptcy

Key questions answered on the liquidation of the construction firm and its implications for staff Carillion employs 43,000 people, including almost 20,000 in the UK. Photograph: Christopher Thomond for the Guardian The construction firm Carillion, which is involved in a host of major government projects including HS2, has gone into compulsory liquidation. What went wrong…

Canadians increasingly pessimistic about their ability to absorb higher interest rates and cover their monthly bills – Markets Insider

Bankruptcy

One in three Canadians say they are unable to cover their monthly bills, up eight points since September. Half are more concerned about their ability to repay debts, up three points since September. Average Canadian left with $112 less at the end of the month compared to last quarter. CALGARY, Alberta, Jan. 15, 2018 (GLOBE…

What does going into administration or liquidation mean and which UK companies have gone bust? From Carillion to … – The Sun

Liquidation

CONSTRUCTION giant Carillion has become the latest company to go into liquidation leaving employees out of a job. The company, which is involved in major projects like the HS2 rail line as well schools and prisons, has been crippled by debts and 20,000 jobs are now at risk. PA:Press Association What does going into administration…

Can the EU help collect student debt owed to Denmark? – The Local Denmark

Debt Help

A European Court trial could decide whether authorities in the union can help Denmark to collect outstanding student loans from EU citizens. But the issue remains complicated. Though increasing numbers of EU citizens are drawing Danish state student loans, (statens uddannelsesstøtteslån or SU-lån in Danish), the Copenhagen government remains unable to determine whether debts…

Thousands of jobs at risk as Carillion goes into liquidation – The Guardian

Liquidation

Construction company involved in government projects including HS2 collapses as last-ditch talks with lenders fail Carillion has gone into liquidation. Photograph: Tolga Akmen/AFP/Getty Images The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation,…