One single mother of three was told her 15-year-old son could get a job and she could fight harder for child support to free up money to pay her loans. A grandmother working two jobs to care for her disabled grandson was encouraged to find higher-paying work, while the department pressed another borrower to take…
1. Data Sources 1.1 Data sources for insolvencies Company Insolvency data for England & Wales, Scotland and Northern Ireland are sourced from Companies House, except for compulsory liquidation data for England & Wales and Northern Ireland. Compulsory liquidation data for England & Wales are sourced from the Insolvency Service case information system (ISCIS). Compulsory liquidation…
Released 16 July 2021 Next release 17 August 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) Stacey Witchell (author) [email protected] Kate Palmer (responsible statistician) 1. Main Messages for England and Wales The number of registered company insolvencies in June 2021 was 1,207: 63% higher than the number registered in…
Financial institutions are likely to exercise ‘Restructuring 2’ for stressed assets, in the absence of a moratorium, said HDFC Securities. Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets. “We believe that NBFCs (lender category) and the MSME sector (borrower category) are likely to witness the highest amount of restructuring,” the brokerage…
Westpac CEO Peter King said: We recognise many of our customers need assistance following the increased lockdowns across Australia. We want customers to know there are a broad range of options to help businesses and individuals through this challenging period. We are reminding customers that if they are facing financial difficulty, call us early so…