HONG KONG (AP) A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a lack of progress on the part of…
If developing economies found it hard to manage their debts in 2023, they are likely to face even more formidable challenges this year. Though most possess relatively small debt stocks and are not considered insolvent, many are in dire need of liquidity. As long as this remains true, they will struggle not only to manage…
Yet another home builder has gone into voluntary administration, but they have assured customers the company hasnt gone into liquidation. Langdon Building says as a result of tough economic conditions, they had made the responsible decision to go into administration and restructure. Click PLAY to hear what happened Work on properties will cease for six…
Gloucestershire retailer is considering a major restructuring as it battles for survival according to widespread reports. The retailer has been hit by rising debts and a slump in sale and this week announced a 35 per cent slump in sales and the departure of its chief finance officer. According to reports the Cheltenham firm is…
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. We note that Skyworks Solutions, Inc. (NASDAQ:SWKS) does have debt on its balance sheet.…
Key takeaways Determine how much you need before you apply to avoid requesting more money after you’re approved or borrowing more than you need. Learn the approval requirements and prequalify (if offered by the lender) before applying to minimize your potential credit damage. Compare options from multiple personal loan lenders before applying to make sure…