Cianan Brennan The number of PIAs increased by 65 per cent compared with the same period last yearGETTY IMAGES The number of people accessing personal insolvency arrangements in Ireland has increased by nearly two thirds over the past year. A total of 771 new insolvency applications were recorded by the Insolvency Service of Ireland (ISI)…
TOKYO — Kawasaki Heavy Industriesplans torestructure rolling-stock operations amid heavy losses, exploring such options as quitting the business andteaming up with other companies. While the overseas rail market looks promising, the company has been waging fierce competition for orders with rivalsthat have grown in scalethrough consolidation. Japanese peers like Hitachi are likewise struggling abroad amid…
The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt. Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans…
(Reuters) – General Electric Co (GE.N) slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate. GE said the U.S. Securities and Exchange Commission and Department of…
Katie Price staves off bankruptcy for another month but could still be made homeless unless she strikes deal over debts of up to 500,000 Former glamour model has been in and out of court over unpaid debt to taxman She was not declared bankrupt today after lawyers say she has meeting planned Her legal team…
In his speech on Monday Chancellor of the Exchequer Philip Hammond announced there would be targeted support for people repaying debts to help them take control of their finances. But further analysis of the Budget papers revealed the Government wants to increase breathing space given for people in debt. This will provide a 60-day period…
Romania had 16,499 insolvencies in 2008, while the estimate for the end of this year is about 8,300, or about half of the number recorded ten years ago. According to CITR, at the same time, between 2016-2018, the number of companies entering insolvency annually remained constant, between 8,300-8,600. In the same period, the number of…
Personal insolvencies fell back from a six-year high in the third quarter of this year, official figures show. Across England and Wales, 25,151 personal insolvencies were recorded between July and September – a 10.5% fall compared with the previous quarter when there were 28,108 personal insolvencies – the highest quarterly figure since 2012. Richard Haymes,…
Company insolvencies leapt 19.3 per cent in the third quarter compared to the same quarter last year. Data from the Insolvency Service shows company insolvencies increased 8.9 per cent in the quarter to the end of September compared to the previous quarter. A total of 4,308 companies entered insolvency in the third quarter, with 3,083…
Troubled commodity trader Noble Group, which almost blew up in an accounting and debt scandal before pushing through a dramatic financial restructuring in August, will report another loss in the third quarter. The Singapore-listed commodity house, which was founded by British born trader Richard Elman, is expected to report an overall net loss of $90-$115m,…