Eleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire Corporate insolvencies fell 3.25% in December 2022 to a total of 1,964 compared to Novembers total of 2,029. They were 31.9% higher than in December 2021 (1,489) and 75.5% higher than December 2019 (1,119). Personal insolvencies decreased by 20.4% to 8,339 in…
DetailsLouisiana lawmakers are headed back to the capitol months ahead of schedule. On Monday they will gavel in a seven-day special session with one agenda item to set aside $45 million for cash incentives to lure insurance companies back to the state. Insurance Commissioner Jim Donelon says its an essential step in addressing the states…
DetailsNew York should provide unemployment debt relief to businesses who are shouldering the added costs of the COVID pandemic shutdown from spring 2020, the New York Farm Bureau on Tuesday said. The organization released its goals for the 2023 legislative session in Albany with the ongoing controversy surrounding unemployment debt for businesses in New York…
DetailsOne unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt. Six in ten employees admit…
DetailsNew York should provide unemployment debt relief to businesses who are shouldering the added costs of the COVID pandemic shutdown from spring 2020, the New York Farm Bureau on Tuesday said. The organization released its goals for the 2023 legislative session in Albany with the ongoing controversy surrounding unemployment debt for businesses in New York…
DetailsAsian giants China and India are the biggest bilateral lenders to Sri Lanka, an island-nation of nearly 22 million people that is facing its worst economic crisis in seven decades. Representational image. AFP Colombo: Chinas Export-Import Bank has offered Sri Lanka a two-year moratorium on its existing debt and said it will support the countrys…
DetailsCorporate insolvencies – liquidations and receiverships – in Scotland for during the third quarter of last year increased by 13.3% year-on-year. The latest Accountancy in Bankruptcy (AiB) register data also showed that personal insolvency numbers – bankruptcies and protected trust deeds – in Scotland decreased by 4.9% year-on-year. The quarterly and yearly rise in corporate…
DetailsOne of Queensland’s most high profile independent brewing companies has gone into voluntary administration. Ballistic Beer Co founder David Kitchen told The Crafty Pint the directorsof the companyhave taken the decision to enter into Voluntary Administration. As pera filing with ASIC dated January 24, they have appointed PKF Melbourne as administrators. David says the directors…
DetailsAnother two more construction companies in Western Australia have gone under due to labour shortages and increasing construction costs. WA Housing Group, founded in 2019 and focused on custom builds and remodelling, was forced into liquidation on December 7, while Individual Developments WA (IDWA), which had prior agreements with the Department of Housing and Communities,…
DetailsSignage for the Central Bank of Sri Lanka in Colombo, Sri Lanka. Kuni Takahashi | Bloomberg | Getty Images The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to…
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