Instafreight has filed for insolvency with a court in Germany but its founder remains confident that restructuring could see the business continue. Having filed at the Berlin-Charlottenburg bankruptcy court on Wednesday, it was reported that while its 3PL forwarding division had been temporarily discontinued, its 4PL transport management unit would operate as normal. Yesterday, The…
The International Monetary Fund and the World Bank approved $4.5 billion in debt forgiveness for Somalia Wednesday after the Horn of Africa nation completed years of financial reforms under the Heavily Indebted Poor Countries Initiative, or HIPC. The initiative was launched in 1996 by the IMF and the World Bank to help the worlds poorest…
Posted on: December 15, 2023, 01:16h. Last updated on: December 15, 2023, 01:32h. An octogenarian alleged New York mobster has been convicted of extortion after shaking down a Manhattan restaurateur for a gambling debt. Anthony Rom Romanello attending a federal court hearing in Brooklyn earlier this month. The reputed Mobster, 86, faces up to 40…
The amount of debt you have, your rates and how you pay can impact the time it takes to pay off your debt. Getty Images If you have experience with credit card debt, you may know that it can get frustrating quickly. That’s because in most cases, minimum payments are calculated as 1% of your balance…
Read this article in: Dutch startup Pieter Pot has officially declared bankruptcy, following the Rotterdam courts decision on Thursday, December 14. The announcement came after the court declined to grant Pieter Pot an additional week for an alternative rescue and financing plan, leaving Jouri Schoemaker (founder) in the dark about the precise reasons behind the…
Friday 15 December 2023 12:23 pm Business insolvencies have jumped in the month of November, according to the latest data from the UK Insolvency Service. Insolvencies surged in November, confirming that 2023 is set to be the worst year for corporate collapses since 2009, according to the latest data from the UK Insolvency Service today.…
The number of corporate insolvencies hit 2,466 in November, 21% higher than the prior year, meaning the number of total failures for 2023 now total over 23,000, according to new figures from The Insolvency Service. You’ll need to subscribe to unlock this content. Already subscribed? Login? Read the full article at: https://www.accountancytoday.co.uk/2023/12/15/corporate-insolvencies-up-by-21-in-november/
WELCOME As the 2023 calendar year rapidly draws to a close, chances are you have people in your business and personal circles that are feeling the financial pinch – its been a tough year for many. The fast-approaching festive season can also bring heightened emotions and additional financial pressures for some. In a recent statement,…
Dainton Beer have emerged from voluntary administration today after creditors approved their Deed of Company Arrangement (DOCA), with control of the business returning to Dainton’s management team, and with Dan Dainton as CEO. The announcement comes less than a month after the brewery appointed administrators. Dan told The Crafty Pint the decision means their equity shareholders…