Attachments Geneva / Budapest / Kyiv 16 February 2024 — Two years since the Russia-Ukraine international armed conflict escalated, the human cost is insurmountable, with no end in sight. Not only have many lost their loved ones, homes, livelihoods, and savings, but millions of Ukrainians are struggling under increasing debt. Some people have been able…
DetailsBerlin, Feb 17 (IANS): The number of insolvencies in Germany rose 26.2 per cent year-on-year in January amid a weak economy, preliminary figures published by the Federal Statistical Office (Destatis) show on Friday. Double-digit year-on-year growth rates have thus been observed consistently since June 2023. In the first 11 months of last year, the number…
DetailsWisdom Debt Relief Tustin, CA, Feb. 14, 2024 (GLOBE NEWSWIRE) — Wisdom Debt Relief, a leading advocate for financial empowerment, is proud to announce the launch of its innovative debt resolution program aimed at assisting consumers in overcoming high-interest debts. With credit card debt in the United States soaring to unprecedented levels, Wisdom Debt Relief recognizes the…
DetailsEY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…
DetailsTurnaround & Restructuring | Finance Services | Deloitte New Zealand Please enable JavaScript to view the site. Contact Us Submit RFP Supporting your business to reduce risk and maximise value Navigating the pressures associated with change, whether thats due to growth or stress, is key to sustainable performance of a business. Our team works with…
DetailsRegulatorIBBI has amended corporate insolvency resolution process norms, including making it compulsory to have separate accounts for each real estate project undergoing resolution and enabling the creditors’ committee to constitute a monitoring panel to oversee implementation of the resolution plan. “With an aim to increase transparency and reduce disputes over valuation-related issues, the amendment provide…
DetailsA debt relief service can help if you’re struggling to make minimum payments. Shkljoc / Getty Images About 56 million Americans have been in credit card debt for at least a year, according to recent statistics, and some of them are likely struggling to make their minimum payments each month. If you’re one of the…
DetailsEconomy Over 8,000 student-loan borrowers are getting $10.9 million in payments in the mail after a federal watchdog accused a debt relief company of charging them ‘illegal upfront fees’ Ayelet Sheffey 2024-02-16T15:32:24Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to…
DetailsA winding-up petition is one of the most critical pieces in a creditors armoury where a debt remains unpaid. However, in these challenging times, the government clearly wants to provide a temporary shield to companies who are unable to pay their debts due to COVID-19. Although the announcement by the UK Government on 23 April…
DetailsMember Article R3 responds to January 2024 insolvency figures Corporate insolvencies decreased by 11.8% in January 2024 to a total of 1,769 compared to December 2023’s total of 2,005, and increased by 5% compared to January 2023’s figure of 1,685. Corporate insolvencies increased by 12.9% from January 2022’s total of 1,567 and by 2.5% when…
Details