In a courtroom in Cork, a narrative of financial recovery unfolded that not only changed the life of Marian Phillips, a retired shopkeeper, but also set a precedent for personal insolvency cases across Ireland. Facing the possibility of bankruptcy and the loss of her home due to crippling debt from high-interest loans, Phillips has been…
DetailsLondon-based event tech startup Hopin which shot to a $5.65bn valuation in 2021 just a year after launching has entered liquidation, according to UK Companies House filings. The documents state that accounting firm PwC will oversee the process. Last year, the company sold off some of its assets including its original product, the Hopin events…
Detailsolders of three corporate bonds from Waskita Karya have approved a restructuring proposal that gives the debt-ridden state-owned construction firm more time to repay. In meetings on Wednesday and Thursday, they agreed to extend to the end of 2034 the repayment periods for the bonds, which were due in June, August and September last year.…
DetailsThe latest insolvency data for England and Wales has landed and according to R3, which is the trade body for the insolvency and restructuring sector, the headlines could be interpreted as positive news. However, deeper analysis of personal and corporate casualties, R3 suggest, points to concern against a backdrop of cost pressures amid the cost…
DetailsBut now the growing cost of student debt is crippling many workers, and a new report says somethings got to give. For Alana Fraser, logging onto My Gov to check her student debt, is a terrifying experience. Shes one of 3 million Aussies whose student loans shot up by more than seven per cent last…
DetailsNavigating through company restructuring poses its challenges, yet employing specific tools can significantly ease the process for both employees and the leadership team; allowing for a smoother transition and cultivating resilience amid change. Joan Beets, Managing Partner in Executive Search & Management Consulting at KennedyFitch, and Martine Corthsy, Founder & Professional Certified Coach for 19…
DetailsA state-owned firm in Chinas Guizhou province is selling bonds to help repay debt issued by a local government financing vehicle, a rare move that highlights the regions liquidity strains. Guizhou Hongyingda Construction Project Management Co., a wholly-owned subsidiary of the finance bureau of Xixiu district in Anshun city, issued a 1.8 billion yuan ($250…
DetailsOperations to Continue Uninterrupted, With No Impact to Customers, Employees or Vendors KANSAS CITY, Mo., February 26, 2024–(BUSINESS WIRE)–CorEnergy Infrastructure Trust, Inc. (OTC Pink: CORR, CORRL) (“CorEnergy” or the “Company”) today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its…
DetailsSouth American migrant workers say they are still waiting to be paid following Buildhub’s liquidation. Photo / Michael Craig Around 145 staff who immigrated from South America have been fired or made redundant from labour recruiter Buildhub, the first liquidators report said. Gareth Hoole and Raymond Cox of Ecovis KGA in Newmarket laid off 115…
DetailsFebruary 26, 2024 5.00am February 26, 2024 5.00am Normal text sizeLarger text sizeVery large text size At the time, it felt like wed been dudded. For 15 years, since the crazy-brave days of Gough Whitlam, university degrees in Australia had been free. Yet here we were, about to start uni in the summer of 89,…
Details