Citizens Advice has warned people are at risk of “spiralling into debt” amid the cost-of-living crisis. That is the bleak forecast from Citizens Advice in the Black Country as new figures show the number of personal insolvencies has gone up across the region. A person becomes insolvent when they are unable to pay their debts…
The number of corporate insolvencies recorded in the first three months of the year rose 22% compared to the same period last year. But overall the number of insolvencies is down slightly on the last three months of 2022, indicating that the forecasted steep increase in firms going out of business is not currently happening.…
Almost 200 people have received personal 1m-plus debt write-offs in the past two-and-a-half years. Figures provided by the Insolvency Service of Ireland (ISI) confirm 197 people have had a million euro or more written off since the last three months of 2020. Those numbers peaked last year, with 31 write-offs of 1m or more in…
News Traditional political parties went bankrupt from the time country declared bankruptcy View(s): Opposition MP Patali Champika Ranawaka says a new political party to be launched soon will be based on meritocracy and driven by an innovation-centric economic strategy By Sandun Jayawardana At a time when peoples trust in traditional political parties has eroded enormously,…
Images of a massive secret stockpile of soft plastics collected for recycling have been revealed in northwest Sydney, exposing the grim extent of the failed REDcycle scheme. Footage from Nine News shows hundreds of bales of bundled soft plastics stacked at a facility in Marsden Park one of 15 similar sites across NSW. The plastics…
123RF Businesses are shutting down left, right and centre. Meredith Walshe says she will walk away from her business at the end of the week knowing she tried everything within her means to keep it viable. The entrepreneur who started boutique co-working space The Settlement with her husband James Walshe almost six year ago will…
Football is a notoriously boom-and-bust business when it comes to finances, with several former top stars having run into money trouble. Wes Brown is the latest, with the Mirror revealing on Thursday that the former Manchester United star had been declared bankrupt at the High Court. HMRC had filed a bankruptcy petition against him, on…
Source: Dragon Claws/Adobe Crypto investment is being blamed for a spike in the number of South Korean people aged 20-39 declaring insolvency. Per Maeil Shinmun, the Seoul Rehabilitation Court said: The rise in [insolvency] seems to have been influenced by a growth in economic activities such as cryptocurrency and stock market investment among young people.…
Wes Brown was not your typical flashy footballer with a big ego – even after rubbing shoulders with the likes of Cristiano Ronaldo at Manchester United. The former England defender came from humble origins and highlighted that during a recent interview when talking about his commute to training as a youngster. ‘I had to get…
Advertisement Former England and Manchester United defender, Wes Brown, has been declared bankrupt at the High Court. On February 27, 2023, the tax authority of the UK government, Her Majestys Revenue and Customs (HMRC) filed a bankruptcy petition against Brown, who earned 50,000 weekly at United and rubber stamped at the High Court on April…