Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval, the Press Association reported Sunday (Dec. 31), citing interviews with industry experts. The report cited figures from the U.K.-based Insolvency Service which showed the total of…
Recent news reports have highlighted that the number of corporate insolvencies has continued to rise during 2022 and 2023, with the retail sector being particularly affected. Many companies are struggling to meet the demands of repaying government support provided during lockdown, increased running costs and high wages coupled with lower demand as a result of…
U.S. President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona (R) listens in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022 in Washington, DC. Alex Wong | Getty Images After the Biden administration’s gigantic setback at the Supreme Court over its sweeping…
The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…
Elementary school students in the Chehalis, Washington, School District enjoy breakfast in the school cafeteria, which is provided by the district. Debts for unpaid high school lunches is a problem and can hinder students from graduating. Photo: Chehalis School District Public Information Office [Episcopal News Service] When members of St. Timothy Episcopal Church in Chehalis,…
Anna Fabrega is leaving Local Bounti as part of a company’s restructuring, and Craig Hurlbert, co-founder of Local Bounti and CEO prior to Anna Fabrega, will take up the role of CEO. According to the company, this restructuring is expected to save approximately $3.2 million on an annualized basis as a result of these actions.…
As of 2023 Americans owe more than $1 trillion in credit card debt, but being proactive and completing four key steps can help consumers avoid credit card debt. Joining PennyWise this week is personal finance writer at WalletHub, Chip Lupo, to describe in detail how to accomplish the four steps. Read more on WalletHub here!…
GEDERSDORF, Austria – Two-wheel mobility product supplier, KSR Group, has successfully developed a restructuring plan since applying for a chapter 11 status earlier this year. With this, 140 jobs have been retained, independent business decisions can be made again and there are even talks with potential investors, reports the company from Austria. Continue reading this…
ByShrija Agrawal Jan 01, 2024 12:12 PM IST Share Via Copy Link The investment thesis of venture debt is different from venture equity, and founders need to comprehend it fully before jumping on the bandwagon Private credit is turning out to be quite the superstar in the private capital space. As a form of lending…
Liberal Party of Australia Education Minister Jason Clare has set a debt trap for struggling university students after dramatically weakening his support for students scheme which fails to deliver the safeguards he promised, Shadow Minister for Education Sarah Henderson has warned. The support for students scheme, adopted under the cover of darkness the week before…