The first half of 2023 saw a significant increase in business insolvencies as economic sectors responded to uncertain financial conditions in Canada and around the world. In this issue of Davies Insolvency Now, we examine the impact of this rolling recession by sector and region. We also look at the role of AI tools in…
(Bloomberg) — A town nestled in the north west of England is paring a multi-million pound investment in the hedge fund Altana Wealth Ltd., a few months after a Member of Parliament criticized the local authoritys management of taxpayers money. The borough council for Warrington has begun exiting its 4.3 million ($5.2 million) position in…
LONDON, Oct 13 (Reuters) – Company insolvencies in England and Wales last month were 17% higher than a year earlier, government figures showed on Friday. The Insolvency Service said 1,967 companies were registered insolvent, according to the non-seasonally adjusted data, up from 1,688 a year earlier. “The increase in company insolvencies has been driven mostly…
New state-by-state data shows relief for income-driven repayment and Public Service Loan Forgiveness The Biden-Harris administration announced that an additional 125,000 Americans have been approved for $9 billion in debt relief through fixes the U.S. Department of Education has made to income-driven repayment (IDR) and Public Service Loan Forgiveness (PSLF), and granting automatic relief for…
A sign for Yellow Corp. trucking company stands outside its facility on July 31, 2023, in Nashville, Tenn. [AP Photo/George Walker IV] Two months after Yellow declared bankruptcy and laid off its more than 30,000 workers, the freight trucking companys former workers are still struggling to find work. Yellow declared bankruptcy in August after more…