By Mark Rosanes 16 Apr 2021 Paying off multiple debts at once can be very stressful and if these debts are not managed properly, they can end up costing you more and dragging you further into debt. If you find yourself having difficulty juggling your debts, consolidating them into a single loan may be helpful…
Credit Suisses group chief executive officer, Thomas Gottstein, said on Tuesday that the bank would learn serious lessons from losses incurred at Archegos as well as the liquidation of its supply-chain finance funds as he warned investors of a CHF4.4 billion ($6.15 billion) charge and confirmed the departure of the banks chief risk officer, dual…
Keith Birmingham, Pasadena Star-News/SCNG Former NBA star Lamar Odom recounted how Los Angeles Lakers teammate Kobe Bryant helped him pay back a gambling debt he had incurred. Appearing on All The Smoke with Matt Barnes and Stephen Jackson, Odom was responding to a question about some of the last conversations he had with Bryant, who…
CLOSE President Joe Biden is assessing how the U.S. might tackle student debt. Here’s where he stands on the issue. USA TODAY There was no college fund, no family savings to help Jamilah Williams pay for school. After she graduated from college and landed her first salaried job, herparents remindedher that she would have to…
The total of 10,941 personal insolvencies for March included 1,591 DROs and 1,028 bankruptcies. The bankruptcies were made up of 937 debtor applications and 91 creditor petitions. The numbers of DROs and bankruptcies in March 2021 were both 31% lower than in March 2020. There were, on average, 6,388 IVAs registered per month in the…
There are a high proportion of zombie companies in the UK. The COVID-19 pandemic has created the perfect environment to create more. The UK has had a zombie problem for some time now. Companies that simply exist, shambling onwards without ever turning a profit or contributing meaningfully to the economy. These zombie companies have played…
By David Milliken 2 Min Read LONDON, April 15 (Reuters) – More businesses and individuals across Britain were declared insolvent last month than earlier in 2021 though levels remained mostly below those of a year ago as government support muted the impact of the coronavirus pandemic. Britains economy shrank by almost 10% last year and…
click to enlarge Gambling addiction can cost people massive amounts of debt and disrupt relationships and careers. But it’s not as identifiable as substance addictions, according to Mercedes Kent. “It’s not a matter of willpower,” she said. “This is a brain disease.” Kent is a treatment provider and supervisor at Gateway Foundation, which runs addiction…
Article content LONDON More businesses and individuals across Britain were declared insolvent last month than earlier in 2021 though levels remained mostly below those of a year ago as government support muted the impact of the coronavirus pandemic. Britains economy shrank by almost 10% last year and millions of people have been unable to work…
Metals magnate Sanjeev Gupta restructured his business empire last year in an attempt to maximise the amount of UK taxpayer-backed loans he could draw on through the governments coronavirus lending scheme. Companies affiliated with Gupta applied for hundreds of millions of pounds of loans via Greensill Capital, which tapped the Coronavirus Large Business Interruption Loan…