With a rise in the number of businesses collapsing, construction companies need to be aware of how to protect themselves against risks. According to UK Government data, construction firms in England and Wales topped the list of industries that experienced the highest number of insolvencies in the 12 months ending 30 September 2023. The number…
DetailsKey takeaways Before taking on a balance transfer offer to consolidate debt, budget for a monthly payment plan to pay it off. Select a balance transfer card that’s suited to your credit score, and look into the terms and conditions of the offer. Make it a priority to pay off the transferred balance within the…
DetailsAs many low- and middle-income countries (LMICs) grapple with a sharp rise in payments on their sovereign debt in the wake of the COVID-19 pandemic and the war in Ukraine, leaders across the world are calling for urgent debt restructuring and reforms to the development financing system. Their calls are often framed in humanitarian and…
DetailsCreditors have voted to plunge 26 clinics in a struggling beauty chain into liquidation, while the fate of the remaining 16 hangs in the balance. Last month, news.com.au reported that Body Catalyst, a non-surgical cosmetic medicine chain with clinics across NSW, Victoria and Queensland, had appointed an administrator. On Tuesday, a meeting took place where…
DetailsA debt management plan is a tailored strategy to help you repay outstanding debt and financial obligations without using a new loan. Typically, credit counseling agencies work with creditors on your behalf to determine a debt management plan that fits your financial circumstances. Heres how debt management plans work and how to decide if one…
DetailsYouTubes partnerships side is undergoing its first corporate restructuring in a decadeone thatll see changes to the creator management and operations teams, and will result in around 100 peoples roles being eliminated. This reorg is following a strategy laid out by Mary Ellen Coe, who took over as YouTubes chief business officer when Robert Kyncl…
DetailsDebt consolidation can potentially hurt your credit score if you dont use the new loan responsibly, such as by missing payments or taking on even more debt instead of only paying off old debt. However, if you use it correctly, debt consolidation can have a positive impact on your credit score and help you pay…
DetailsA Victorian building company has collapsed, leaving almost 100 homeowners in a state of limbo. Montego Homes on Monday became the first major building company to enter voluntary administration in 2024, continuing a difficult few years for the construction sector. Insolvency firm Cor Cordis has been called in to act as administrator for the South…
DetailsA Victorian building company has collapsed, leaving almost 100 homeowners in a state of limbo. Montego Homes on Monday became the first major building company to enter voluntary administration in 2024, continuing a difficult few years for the construction sector. Insolvency firm Cor Cordis has been called in to act as administrator for the South…
DetailsSri Lanka is expecting an economic growth of 2% in 2024, which is likely to further increase to 4% or 5% in 2025, says President Ranil Wickremesinghe. The Head of State made these remarks on Wednesday while speaking during a panel discussion on the sidelines of the World Economic Forum in Davos, Switzerland. Responding to…
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