1. Data Sources 1.1 Data sources for insolvencies Company Insolvency data for England & Wales, Scotland and Northern Ireland are sourced from Companies House, except for compulsory liquidation data for England & Wales and Northern Ireland. Compulsory liquidation data for England & Wales are sourced from the Insolvency Service case information system (ISCIS). Compulsory liquidation…
DetailsContents0.0.1 Released0.0.2 Next release0.0.3 Media enquiries0.0.4 Statistical enquiries1 1. Main Messages for England and Wales Released 16 July 2021 Next release 17 August 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) Stacey Witchell (author) [email protected] Kate Palmer (responsible statistician) 1. Main Messages for England and Wales The number of…
DetailsFinancial institutions are likely to exercise ‘Restructuring 2’ for stressed assets, in the absence of a moratorium, said HDFC Securities. Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets. “We believe that NBFCs (lender category) and the MSME sector (borrower category) are likely to witness the highest amount of restructuring,” the brokerage…
DetailsWestpac CEO Peter King said: We recognise many of our customers need assistance following the increased lockdowns across Australia. We want customers to know there are a broad range of options to help businesses and individuals through this challenging period. We are reminding customers that if they are facing financial difficulty, call us early so…
DetailsBOSTON Today, Massachusetts Attorney General Maura Healey issued the following statement in response to the U.S. Department of Education dropping its appeal of a federal court order canceling the loans of 7,200 students in Massachusetts who were defrauded by Corinthian Colleges, Inc. Corinthian operated two for-profit schools in Massachusetts under the name Everest Institute. By…
DetailsSudans overall foreign debt is estimated at $70bn, and the 22 member nations of the Paris Club urged other lenders to provide similar debt forgiveness. Creditor countries have agreed to cancel $14.1bn of Sudans international debts, praising its economic reforms and efforts to fight poverty. In a statement Friday, the Paris Club of creditor nations…
DetailsLoading The countrys total HELP bill ballooned to more than $66 billion in 2019-20, with about 85 per cent of this sitting with 2.2 million Australians aged under 40. The time taken to repay student debt has risen from an average of 7.3 years in 2005 to 9.3 years in 2020. Federal Education Minister Alan…
DetailsThe change seeks to eliminate a potential conflict of interest that insolvency professionals in charge of steering a company through the bankruptcy process could have if any of their colleagues advise others involved in the case. By Gireesh Chandra Prasad, Livemint, New Delhi PUBLISHED ON JUL 17, 2021 12:10 AM IST Insolvency resolution professionals hired…
DetailsThe unemployed Maserati-driving former bankrupt Marie Simone has been thwarted in her bid to gain Liberal Party pre-selection for the forthcoming local government elections. Ms Simone, 56, who is the president of the Caringbah Liberal branch, was attempting to win top-spot on the Liberal ticket to contest Ward A on the Sutherland Shire Council. Property…
Details16 July 2021 Consultancy.eu 2 min. read Global consulting firm Alvarez & Marsal has expanded its Financial Restructuring Advisory practice to Italy. This is the next strategic step in the expansion of our financial restructuring offering across Europe, said Paul Kirkbright, Managing Director and leader of the practice in EMEA. Our on-the-ground initiatives in Italy…
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