With the recent downgrades issued to several banks by Moodys and S&P in August, as well as the recent banking turmoil which occurred earlier this year, and the flurry of assignment activity in the market, lenders and borrowers alike have become increasingly focused on deposit accounts. In a typical subscription credit agreement (each, an SCF),…
DetailsOctober 27, 2023 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request…
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DetailsIf youre in debt, youre probably thinking about how you can pay it off, manage your payments and balance your budget. However, there is another way to reduce your balance and manage your finances: debt relief. Debt relief can take several forms, from for-profit companies that settle your debt with creditors to debt consolidation to…
DetailsPaying off debt is a huge accomplishment and can feel like a weight lifted off your shoulders. So you might be confused and maybe even a little scared if you receive a letter notifying you that you actually still owe a debt you thought you had paid off. This is called zombie debt and it…
DetailsThe nonhousing debt in the U.S. has grown every year since 2013. From auto loan debt to credit cards, Americans are leaning more on borrowed money to manage finances. In the second quarter of 2023, nonmortgage debt in America grew to $4.71 trillion, a 5.8% increase from $4.45 trillion at the same time last year.[…
DetailsMember Article Corporate Insolvencies Fall Not A Sign Of Improving Economic Conditions – R3 A sharp drop in the number of corporate insolvencies across England and Wales last month doesnt mean that things are going to get easier for North East businesses any time soon. Thats the view of the North East chair of insolvency…
DetailsMOSCOW, Oct 27 (Reuters) – Nasdaq-listed Russian tech company Yandex (YNDX.O) on Friday said it had obtained one of the required approvals needed from the Russian government for its restructuring, which it hopes to complete by the end of 2023. Dutch holding company Yandex NV has been working on a corporate restructuring for months, hoping…
DetailsASIC has prosecuted 100 individuals from 1 January 2023 to 30 June 2023 for failing to assist registered liquidators. These prosecutions follow the failure of company officers and other individuals to comply with key governance obligations to provide registered liquidators with access to company books and submit a report on company activities and property (ROCAP)…
DetailsHM Revenue & Customs Published 26 October 2023 Contents Strategy overview Tax debt strategy pillars Being a responsible creditor Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team,…
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