Getty Images By Douglas Fraser Business and economy editor, Scotland Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under. Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though the economy has shown…
Debt consolidation is a good option if you have multiple high-interest debts that you can pay off within 12-18 months.Narisara Nami/Getty JUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. What’s the difference between debt consolidation and debt settlements? What is debt consolidation? What is…
Hale and Hearty, the bankrupt chain of counter-service soup and salad restaurants, is back in business. The company, started in 1990 by Jonathan Schnipper an owner of the Schnippers burger chain and a partner in George Motzs Hamburger America will mount a comeback under new owners, who purchased the rights to the business and its…
Disclaimer: This material is partially funded by a sponsor. The sponsor is solely responsible for any ideas or opinions that do not represent those of WTVR. If you’re struggling to make ends meet each month, and you’re tired of only making the minimum payments on your credit cards, then it might be time to consolidation your…
Summary If a corporations directors fail to identify the pivotal point at which their company becomes legally insolvent, they can be held personally liable for breaching their fiduciary duties to the corporations creditors. The Upshot A corporations directors owe a fiduciary duty to its lenders from the moment the corporation qualifies as legally insolvent. Determining…
On April 18, two Dutch fruit and vegetable companies were declared bankrupt. Rodenburg Fresh Food of Rotterdam specialized in exporting the total fruit and vegetable package. Mr. M.K. de Bruijn was appointed curator. Fruta del Huerto, based in Breda, specialized in importing and exporting primarily limes. The company explains that the pandemic hit it hard,…
S cotlands businesses are still suffering from a Covid hangover with new figures showing the number of firms becoming insolvent has reached an 11-year high. Corporate insolvences rose to 1,132 in 2022-23, with this up by almost a third (32.6%) on the previous year, new figures from the Accountant in Bankruptcy showed. The 2022-23 total is nearly…
Scotlands businesses are still suffering from a Covid hangover with new divs showing the number of firms becoming insolvent has reached an 11-year high. Corporate insolvences rose to 1,132 in 2022-23, with this up by almost a third (32.6%) on the previous year, new divs from the Accountant in Bankruptcy showed. The 2022-23 total is nearly a…
On April 18, two Dutch fruit and vegetable companies were declared bankrupt. Rodenburg Fresh Food of Rotterdam specialized in exporting the total fruit and vegetable package. Mr. M.K. de Bruijn was appointed curator. Fruta del Huerto, based in Breda, specialized in importing and exporting primarily limes. The company explains that the pandemic hit it hard,…
Whenever a hard rain fell on Harlan County, Kentucky, the mud, rocks and debris from the Foresters No. 25 mine pounded down the hillside into the community of Wallins Creek. Local residents repeatedly complained about washed-out culverts and mud in their yards. Time after time, county work crews came out after a heavy rain to…