The IRS is promising its focus on increased tax compliance will help with the nations debt problem. “Achieving our goals will result not only in a fairer tax system,” IRS commissioner Danny Werfel testified before Congress in October, “but also in benefits for taxpayers and the nation because detecting and stopping noncompliance in these areas…
DetailsPUBLISHED : 10 Dec 2023 at 18:48 Members of the public attend a debt mediation fair in Nonthaburi province in November last year. (Photo: Pornprom Satrabhaya) More than 82,000 people have signed up to the government’s initiative to help distressed debtors service their obligations to informal lenders since the scheme was launched nine days ago.…
DetailsFormer Wales star Craig Bellamy lost his fortune and was declared bankrupt His financial ruin is the result of a series of failed investments made on his behalf He hopes that his situation offers a stark warning to young players of today By Oliver Holt For The Mail On Sunday Published: 02:30 AEDT, 2 April…
DetailsThe Australian government introduced two significant new insolvency solutions following the enactment of the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth), as part of the federal governments JobMaker Plan in response to the COVID-19 pandemic. The second of these solutions is the Small Business Debt Restructure Process (SBDRP). The benefits of entering a SBDRP include:…
DetailsThe holiday shopping push is on with shoppers this year hunting for deals early and keeping inflation top of mind. Inflation is crazy, said Christopher Filius, a shopper. Another shopper told NBC6 she was only shopping for the things they needed and planned to pay for them with cash. Sticking to cash and a budget…
DetailsFlender Ireland, the finance provider that has lent 60 million to small businesses since 2016, has entered into the States examinership-light debt restructuring process as it looks to erase up to 4.2 million owed to its parent and Revenue. The company started of in the peer-to-peer lending market but now sources funds from institutional investors.…
DetailsDebt relief options can vary depending on your unique situation and financial need. Getty Images/iStockphoto More than eight out of every 10 Americans have a credit card, according to the United States Federal Reserve. So, it’s more likely than not that you have one of these plastic cards in your wallet. Unfortunately, however, many people…
DetailsCOLOMBO, Sri Lanka — The Asian Development Bank said Friday that it has approved $200-million concessional loan to debt-stricken Sri Lanka to help stabilize the countrys finance sector following an unprecedented economic crisis that engulfed the Indian Ocean island nation last year. The bank’s announcement comes as Sri Lanka is awaiting International Monetary Fund approval…
DetailsLeading audit, tax and consulting firm RSM UK has appointed David Shambrook as a partner in the London office. David will join the firms restructuring team within consulting. David has 18 years experience in restructuring and has led on various advisory, turnaround, rescue and formal restructuring projects. He was previously a partner at FRP, where…
DetailsCazoo has completed its debt restructuring programme and announced a new board. Under the restructuring bondholders agreed to swop the debt they own for shares in the company. Paul Whitehead, CEO said: I am delighted that we have now completed these transactions. Cazoo launched only four years ago this week and has already sold almost 150,000…
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