The number of corporate insolvencies ticked back up to pre-pandemic levels last year, with companies in the services sector, hospitality and construction among the hardest hit, new figures show. According to the latest insolvency and restructuring statistics from accounting firm Deloitte Ireland, there were 663 corporate insolvencies in 2023 representing a 25% increase on 2022.…
DetailsLordHenriVoton/Getty Images Key takeaways Using a personal loan to pay your holiday credit cards off will give you one fixed-rate payment that’s easy to track. Replacing credit card debt with a personal loan may improve your credit score if you don’t open any new cards and dont continue using the open ones. You can potentially…
Details[co-author: Hadar Eilon] The Insolvency and Financial Rehabilitation Law came into effect in 2019. The new law added a new cause of action for imposing personal liability on a director or CEO of a corporation in insolvency in respect of damages caused to the corporation and to its creditors, insofar as such directors and officers…
DetailsA German local court has opened a regular insolvency proceeding against communications technology company Gigaset AG, Europes market leader for wireless phones, raising questions as to how or whether the struggling company will be restructured. The Mnster Local Court (Amtsgericht Mnster) in North Rhine-Westphalia opened ordinary insolvency proceedings against Gigaset AG, German news outlets reported…
DetailsThe holidays are over. Now its time to survey the financial damage. Dont panic, but come up with a plan to be debt-free in 2024. MMI is here to help with the first step. – Thomas Nitzsche, MMI STAFFORD, Texas, Jan. 03, 2024 (GLOBE NEWSWIRE) — Money Management International (MMI) wants consumers to know it…
DetailsYou don’t have to live with overwhelming credit card debt. You have options. Getty Images Credit card debt is nothing new. According to the U.S. Government Accountability Office, more than eight out of 10 adult Americans have at least one credit card in their wallets. But what happens when your credit card debt gets out…
DetailsAbdulla Al-Humaidi, a key backer of the troubled London Resort, a proposed theme park in Kent, UK, was declared bankrupt at a recent High Court hearing. The Kuwaiti businessman resigned from the London Resort board last year but previously served as director of London Resort Company Holdings (LRCH). Located on the Swanscombe Peninsula in Kent,…
DetailsThis is an audio transcript of the Money Clinic podcast episode: How to get on top of your debts in 2024 Claer BarrettHi, its Claer here. Youre used to hearing me on Money Clinic, but now you can find me in your inbox, teaching you everything you need to know about money with my new…
DetailsSTAFFORD, Texas, Jan. 03, 2024 (GLOBE NEWSWIRE) — Money Management International (MMI) wants consumers to know it can be a healthy, happy, and debt-free new year. The nonprofit is poised to help tens of thousands of people pay off credit card debt in 2024. An increase in holiday spending coupled with high inflation and increased…
DetailsSAN FRANCISCO With a large investor calling for Corbion NV to explore strategic alternatives, the company is committed to moving forward on a far-reaching restructuring program. While Amsterdam-based Corbion first announced the restructuring plan in October, launching it in response to soft weak financial results, details about the plan were shared in response to a…
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