Many people are struggling with credit card debt, with U.S. consumers racking up balances totalling $1.13 trillion in 2023s fourth quarter, according to a Federal Reserve Bank of New York report released in February. Desperate consumers seeking relief may find offers for help on social media that purport to be from the government. Usually they…
Last year we presented on the falling away of COVID measures for businesses, and the introduction of new and updated legislation for rescue processes across Europe. One year we are seeing steep rises in inflation, and in the UK we have just recorded negative growth in Q3 which means the UK is already in recession, and…
Boris Becker will be discharged from bankruptcy in Britain after agreeing a settlement over his debts. The six-time Grand Slam champion was declared bankrupt in 2017 with debts of around 50 million. Becker was sentenced to two-and-a-half years in prison in April 2022 after being found guilty of four charges under the Insolvency Act. He…
Corporate insolvency levels dropped by 16.6% in March 2024, while personal insolvencies also fell by 17.2% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies decreased to a total of 1,815 compared to February’s total of 2,177, and decreased by 17.2% compared to March 2023’s figure of 2,193. Personal insolvencies…
Katie Price could be arrested and sent to prison if she keeps missing bankruptcy hearings, a court has heard. The former glamour model was declared bankrupt in November 2019 and again this March over an unpaid tax bill. She missed that hearing because she was “dealing with serious stuff”. On Friday, the 45-year-old did not…
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Katie Price could be arrested if she continues to miss hearings over her bankruptcy without a reasonable excuse, the High Court has been told. The former glamour model had been due to face…
LONDON (Reuters) – Company insolvencies in England and Wales fell sharply in March and recorded their lowest calendar-quarter total since the third quarter of 2022, official figures showed on Friday. The Insolvency Service, a government agency, said 1,815 companies were declared insolvent in March on a seasonally adjusted basis, down from 2,177 in February and…
By Richard Percival Published: 20:30 AEST, 26 April 2024 | Updated: 20:54 AEST, 26 April 2024 Katie Price is the threat of arrest by police after failing to attend a court hearing over her bankruptcy. The former glamour model, 45, has been declared bankrupt for a second time aft… Read the full article at: https://www.dailymail.co.uk/news/article-13353615/katie-price-faces-arrest-threat-dodging-high-court-hearing-bankruptcy.html
Summary: We estimate that President Bidens recently announced New Plans to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Bidens SAVE plan. Moreover, some debt relief in the New Plans accrues to borrowers in households with income more than the SAVE plan…
This is one of the most high-profile insolvency cases since the Supreme Court judgement on personal guarantors under the Insolvency and Bankruptcy Code (IBC) in November 2023. It has implications for Reliance ADA Group chairman Anil Ambani, Videocon chairman Venugopal Dhoot, and Bhushan Power and Steel promoter Sanjay Singal, who also face personal-insolvency proceedings. Mint…