Chase partners with debt advice charity, StepChange, to provide further support for vulnerable customers – Fintech Finance

Debt Help

Share this post: Chase announces a new partnership with the U.K.s leading debt advice charity, StepChange. This partnership builds on Chases existing vulnerable customer support and aims to help customers in difficult financial situations by providing them easy access to free, expert debt advice and recommended debt solutions. As of today, Chase specialists will direct…

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Reality TV star Teddy Briggs' e-commerce business goes bust owing $600,000 – Nine Shows

Liquidation

Reality TV star Teddy Briggs’ elaborate lifestyle appears to be crumbling, with fresh claims his e-commerce business was forced into liquidation, owing $600,000 to creditors. The former Love Island star, who recently appeared on Channel 10’s Amazing Race: Celebrity Edition, launched e-commerce business EcomConnect in 2020. The business promised ready-made online stores for clients to…

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China developer CIFI proposes new restructuring terms to halve offshore debt – CNA

Restructuring

HONG KONG : Shanghai-based property developer CIFI Holdings said on Wednesday it has proposed five options with different maturity extensions and haircuts to its bondholders in an effort to restructure its $7 billion offshore debt. The debt revamp proposal, which also includes swapping part of the debt for equity, aims to halve the firm’s debt…

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Taeyoung E&C to announce debt restructuring plan – The Korea JoongAng Daily

Restructuring

Taeyoung E&C’s headquarters in Yeouido, western Seoul [NEWS1] Taeyoung Engineering & Construction (E&C), Korea’s 16th-largest construction company, which recently filed for debt restructuring, will announce its restructuring plan at the first meeting with creditors on Wednesday. The meeting, which the company’s main creditor, Korea Development Bank (KDB), will host, will discuss the formation operation of the…

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Bankruptcy Experts Predict 'Big Year for Insolvency' in 2024 – PYMNTS.com

Bankruptcy

Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval, the Press Association reported Sunday (Dec. 31), citing interviews with industry experts. The report cited figures from the U.K.-based Insolvency Service which showed the total of…

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Insolvency, collective redundancies and criminal liability – People Management Magazine

Liquidation

Recent news reports have highlighted that the number of corporate insolvencies has continued to rise during 2022 and 2023, with the retail sector being particularly affected. Many companies are struggling to meet the demands of repaying government support provided during lockdown, increased running costs and high wages coupled with lower demand as a result of…

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Here's why 2024 could be the year student loan borrowers finally get forgiveness – CNBC

Debt Help

U.S. President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona (R) listens in the South Court Auditorium at the Eisenhower Executive Office Building on October 17, 2022 in Washington, DC. Alex Wong | Getty Images After the Biden administration’s gigantic setback at the Supreme Court over its sweeping…

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A timely review of the effectiveness of Australia's restructuring and insolvency laws – Norton Rose Fulbright

Restructuring

The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…

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Neighbor's bequest helps Diocese of Olympia church tackle region's student lunch debt – Episcopal News Service

Debt Help

Elementary school students in the Chehalis, Washington, School District enjoy breakfast in the school cafeteria, which is provided by the district. Debts for unpaid high school lunches is a problem and can hinder students from graduating. Photo: Chehalis School District Public Information Office [Episcopal News Service] When members of St. Timothy Episcopal Church in Chehalis,…

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