Professional services firm PKF Attest has introduced a new advisory and technical consulting service aimed at mitigating business liability in potential insolvency situations. This service is designed for company executives and high-level management, addressing the proactive measures required by the new European directive to prevent insolvency cases. The initiative has already completed a pilot phase…
DetailsNewsflash: More companies and individuals across England and Wales fell into insolvency last month, as high interest rates continue to weigh. Company insolvencies jumped by 18% in April to 2,177, the Insolvency Service has reported. This included 300 compulsory liquidations, 1,715 creditors voluntary liquidations (CVLs), 144 administrations and 18 company voluntary arrangements (CVAs). CVLs allow…
DetailsLast 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…
DetailsListen to this post Blog Post: The concept of avoidance of preferential transactions under Section 43 of the Insolvency & Bankruptcy Code, 2016 (Code), is based on the principle that insolvency is a collective scheme process and that the assets of a corporate debtor (CD) are distributed equitably in a liquidation scenario. During the twilight…
DetailsThe IMF urges Italy to address its growing public debt, projected to reach 145% of GDP. The Fund calls for urgent fiscal adjustments and structural reforms to ensure economic stability and long-term debt sustainability. ADVERTISEMENT The International Monetary Fund (IMF) has issued a stern warning to Italy, highlighting the need for swift and decisive fiscal…
DetailsInfamous Swim has secured backing of approximately $1 million through a group of entrepreneurs from the tech, e-commerce, fashion and communications sectors, with the founder of the original mummy-and-me swimwear brand confirming the label has been restructured and is now operating in a new company structure with new directors. It comes after the swimwear brand…
DetailsLaw firm has launched an investigation into P&O It comes after Daily Mail Australia aired allegations of gambling misconduct The investigation could lead to a class action Do you have a similar story? Contact [email protected] By Tita Smith For Daily Mail Australia Published: 20:02 AEST, 20 May 2024 | Updated: 00:49 AEST, 21 May 2024
DetailsMajor League Baseball has opened a formal investigation into the gambling scandal swirling around Los Angeles Dodgers star Shohei Ohtani and his just-fired interpreter Ippei Mizuhara. The move follows revelations that a federal probe of a California bookmaker named Mathew Bowyer had uncovered millions in payments under the Japanese pitchers name. After the Los Angeles…
DetailsNot paying your credit card bills could have some serious (and long-lasting) repercussions for your finances. Getty Images/iStockphoto Right now, millions of Americans are feeling the lingering burn caused by a mix of inflation and elevated interest rates. Not only are today’s housing, groceries, fuel and other consumer goods prices much higher than they were…
DetailsContents1 National Debt Relief1.1 Cost1.2 Highlights1.3 App available1.4 Pros If you’re behind on your debt payments and beginning to feel overwhelmed by their impact on your financial life, considering debt settlement may be an opportunity to get back on track. National Debt Relief is one of many debt settlement companies that have helped hundreds of…
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