Katie Price is heading back to court in a bid to get out of paying off her 3.2million debt, it’s claimed. The former glamour model, 42, was declared bankrupt in 2019 and was meant to pay off 12,000 a month to her creditors after taking out an individual voluntary arrangement (IVA), but failed to do…
DetailsEleanor Temple, Chair of insolvency and restructuring trade body R3 The insolvency and restructuring profession rescued 297,000 jobs and returned 1.82bn to creditors in insolvency cases in 2019 the equivalent of around 800 jobs and 5m a day, according to a new report from R3, the insolvency and restructuring trade body. The report, The value…
Details25 May 2021 Consultancy.uk 3 min. read Many companies across the UK are emerging from lockdown with a sense of cautious optimism. While the majority expect top-line revenues to return to pre-pandemic rates within the next two years, more than half also expect to encounter a liquidity shortfall in the next 12 months. The last…
DetailsBlack women were hit the hardest with income loss this year. Whether you lost a job or had to close down your business or downsize your clientele, collectively, the pandemic hit our pockets the hardest. According to U.S. News, Black women had a 6% drop in employment in 2020. That income loss affects how we…
DetailsStudent federal loan repaymentsand interest on that debthave been paused during the pandemic, thanks to federal COVID-19 relief legislation. As of October 2021, however, some 44 million borrowers who owe an estimated $1.7 trillion will have to start repaying debt that has grown exponentially over the past decade and a half. Many are ill-prepared to…
Details10:29 21/05/2021 MOSCOW, May 21 (RAPSI) The Moscow Commercial Court has declared ex-president of VIM Airlines Rashid Mursekayev and his wife Svetlana bankrupt, according to court records. The asset sale procedure has been introduced in their case for six months. In November 2020, the Basmanny District Court of Moscow issued an arrest warrant for co-owner…
DetailsFracsand from a processing plant in Chippewa Falls, Wisc. Steve Karnowski/ AP Photo A frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Texas-based Hi-Crush Proppants was one of the state’s biggest producers of sand used in hydraulic fracturing for oil and natural gas.…
DetailsROBERT KITCHIN/STUFF Financial Markets Authority chief executive Rob Everett and Reserve Bank governor Adrian Orr deliver the findings of their joint review into the conduct and culture of banks in New Zealand. First published in 2018. OPINION: Dani* had a problem with gambling. He asked his bank to put a stop on his borrowing, and…
DetailsLiberty Steel, the company led by British Indian businessman Sanjeev Gupta, on Monday announced very constructive and productive meetings as part of its ongoing restructuring plans, which will result in the sale of its Stocksbridge plant in south-east England to help pay back lender Credit Suisse. Gupta, who heads the wider Gupta Family Group (GFG)…
DetailsA newly-released report from R3, the insolvency and restructuring trade body, shows that the profession rescued 7,200 businesses and saved 297,000 jobs in 2019. The profession advised around 60,000 businesses in 2019 about insolvency and restructuring-related issues. Four out of 10 (39%) businesses advised by R3 members were still operating after their insolvency procedure concluded,…
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