Anna Fabrega is leaving Local Bounti as part of a company’s restructuring, and Craig Hurlbert, co-founder of Local Bounti and CEO prior to Anna Fabrega, will take up the role of CEO. According to the company, this restructuring is expected to save approximately $3.2 million on an annualized basis as a result of these actions.…
DetailsAs of 2023 Americans owe more than $1 trillion in credit card debt, but being proactive and completing four key steps can help consumers avoid credit card debt. Joining PennyWise this week is personal finance writer at WalletHub, Chip Lupo, to describe in detail how to accomplish the four steps. Read more on WalletHub here!…
DetailsGEDERSDORF, Austria – Two-wheel mobility product supplier, KSR Group, has successfully developed a restructuring plan since applying for a chapter 11 status earlier this year. With this, 140 jobs have been retained, independent business decisions can be made again and there are even talks with potential investors, reports the company from Austria. Continue reading this…
DetailsByShrija Agrawal Jan 01, 2024 12:12 PM IST Share Via Copy Link The investment thesis of venture debt is different from venture equity, and founders need to comprehend it fully before jumping on the bandwagon Private credit is turning out to be quite the superstar in the private capital space. As a form of lending…
DetailsLiberal Party of Australia Education Minister Jason Clare has set a debt trap for struggling university students after dramatically weakening his support for students scheme which fails to deliver the safeguards he promised, Shadow Minister for Education Sarah Henderson has warned. The support for students scheme, adopted under the cover of darkness the week before…
DetailsThe new year has started much as 2023 ended with another brewery entering voluntary administration. Wayward Brewing and the Local Drinks Collective formed with Batch Brewing Co in October 2022 have appointed administrators with the intention of restructuring the business and retaining ownership. Wayward was launched by Peter Philip in 2012, going on to build…
DetailsOpus Business Advisory Group has purchased SKSI and its subsidiary MLM CPS. The insolvency specialists will join the specialised Opus Restructuring of the company. Founded in 2013, London headquartered Opus Business Advisory Group offers up restructuring, corporate finance, forensic accounting, turnaround, investment and rescue planning services to clients across the UK. The firm has over 60…
DetailsMore big firms are likely to go bust next year amid the double whammy of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another…
DetailsMore big firms are likely to go bust next year amid the double whammy of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence. It comes after another…
DetailsBy the time registration ended yesterday, 113,859 informal debtors had registered seeking government help to mediate their combined 7.35 billion baht in debt to 84,313 informal lenders. According to Interior Permanent Secretary Suttipong Juljarern, officials have already mediated settlement agreements for 933 borrowers, amounting to 131 million baht, and have taken legal action against creditors…
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