Thousands of students are set to get their HECS debts partially wiped after a records error, with both current and former higher education students caught up in the mistake. The Department of Education has identified a number of students who did not have their loan records correctly transferred to their Australian Taxation Office (ATO) student…
Reuters. 3M (NYSE:) reported robust operational and financial results during its third quarter earnings conference call on October 24, 2023. The company achieved double-digit year-on-year growth in free cash flow for the third consecutive quarter and expanded margins across all four businesses. As a result, 3M revised its full-year adjusted earnings per share guidance to…
Debt holders searching for information from the Biden administration feel abandoned. | Robyn Beck/AFP via Getty Images President Joe Bidens effort to sell millions of Americans on paying down their college loans is struggling to keep up with a group wielding a powerful megaphone: social media stars. With debt collection starting this month for the…
Nottingham City Council is raising awareness of the signs of gambling harm by asking: could you recognise the signs? Gambling can affect physical and mental health, damage relationships and leave people feeling lonely and isolated. It can also cause problems with employment, education, housing and lead to serious debt. Gambling products are widely used and…
Consumers with student loans should be on the lookout for fraudsters promising debt relief, the BBB warned in a recent study. (iStock) Millions of Americans who find themselves underwater as monthly payments and interest stack up are increasingly seeking consolidation and debt repair companies to help ease their burden with little success, according to a…
Abstract The COVID-19 pandemic had a substantial impact on business dynamics, leading to the temporary or permanent closure of many businesses. By contrast, corporate insolvency proposals and bankruptcies under the Bankruptcy and Insolvency Act declined in 2020. Using a newly developed linked database, this paper presents trends in exits, insolvency proposals and bankruptcies across business…
CORPORATE insolvency numbers (liquidations and receiverships) in Scotland for Q2 2023-2024 increased by 4.8% compared with Q2 2022-2023, to a total of 283. Corporate insolvency numbers in Scotland also increased by 19.9% when compared to pre-pandemic levels in 2019. The number of corporate insolvencies (liquidations and receiverships) in Scotland for Q2 2023-2024 decreased by 3.1% compared with the previous…
The deluge of corporate insolvencies that some had predicted would follow the Covid-19 pandemic has yet to materialise despite a steady rise in the number of business failures over the past year, according to insolvency experts. In a new report published on Wednesday, Interpath Advisory, the Dublin-based restructuring and corporate advisory firm founded last year…
David Alexander A nearly five per cent increase in corporate insolvencies in the past year is likely to lead to a rise in personal insolvencies in the next six to 12 months, according to Gilson Gray. The latest figures from the Accountant in Bankruptcy (AiB) show there were 283 corporate insolvencies in July to September…
Corporate insolvencies in Scotland rose 19.9% during the second quarter, when compared to pre-pandemic levels in 2019 and rose by 4.8% compared to the same period last year. Meanwhile, personal insolvency numbers in Scotland saw no real change, with a decrease of just 0.05% – which equates to a single case – to a total…