Rising Business-Related Personal Insolvencies Post-COVID: Directors in the Spotlight – BNN Breaking

Bankruptcy

As the world gradually emerges from the shadows of the COVID-19 pandemic, the economic aftermath continues to ripple through the business sector, particularly affecting directors of previously wound-up businesses. A significant surge in business-related personal insolvencies signals a challenging period ahead, with personal guarantees coming back to haunt many. The latest quarterly report from the…

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Golden West Brewing Co collapses: Award-winning brewery goes into voluntary administration – Daily Mail

Liquidation

Beer company goes bust Staff were let go last week Know more? Email [email protected]  By Pranav Harish For Daily Mail Australia Published: 08:37 AEDT, 4 March 2024 | Updated: 08:56 AEDT, 4 March 2024 An award-winning brewery has entered voluntary administration after the company… Read the full article at: https://www.dailymail.co.uk/news/article-13152313/Brewery-goes-bust-administration.html

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Nearly one in 10 English councils expect to go bust in next year, survey finds – The Guardian

Bankruptcy

Nearly one in 10 councils in England have warned they will go bust in the next 12 months as authorities plan widespread cuts, above-inflation council tax rises and across-the-board increases to resident charges, a survey has revealed. The Local Government Information Unit (LGIU) annual poll of local authority leaders and top managers reveals a near-total…

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'Our journey ends here': Popular jeweller goes into liquidation – 1News

Liquidation

Popular jewellery brand Silvermoon has gone into voluntary liquidation after an “arduous battle” with economic challenges. In an emotionally-charged message to customers on its website, the company said it would sell remaining inventory at “significantly” reduced prices, honour gift cards and vouchers, and then close. “After considerable reflection and exhaustive exploration of all possible avenues…

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Alibaba veteran to step down at Local Services Group amid restructuring – South China Morning Post

Restructuring

The head of Alibaba Group Holdings Local Services Group (LSG), one of the six major business units being spun off from the e-commerce giant, is stepping down amid an ongoing restructuring process. Yu Yongfu, who was appointed to lead LSG after Alibaba announced its restructuring last March, will exit the unit which includes delivery business…

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With medical debt burdening millions, a financial regulator steps in to help – News-Medical.Net

Debt Help

When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: “looking out for people, not big banks, not lenders, not investment houses.” Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…

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With Medical Debt Burdening Millions, a Financial Regulator Steps In to Help – KFF Health News – Kaiser Health News

Debt Help

When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: looking out for people, not big banks, not lenders, not investment houses. Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…

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