Final Verdict As you compare credit counseling agencies, there are plenty of questions you should ask yourself. For example, what do you hope to accomplish? And do you need one-time credit counseling assistance or a long-term debt relief plan? The FTC also recommends making sure you ask the right questions of agencies you’re considering, including…
DetailsGreensill Capitals Australian business, which collapsed last month with debts of A$4.9bn, has entered liquidation. Administrator Grant Thornton said creditors had voted by 23 to zero, with a handful of abstentions, to liquidate the parent company of the disgraced supply chain firm. Read more: Hand it over: David Cameron ordered to show lobbying text messages…
DetailsBio-Hybrid GmbH has filed for insolvency with the Nuremberg District Court. The start of series production, which was planned for mid-2021 after the separation from Schaeffler, is thus in jeopardy. In October 2020, the automotive supplier Schaeffler sold all shares in its subsidiary Schaeffler Bio-Hybrid GmbH to Micromobility Services and Solutions. Series production of the…
DetailsBy Reuters Staff 3 Min Read KUALA LUMPUR (Reuters) – Malaysias former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career. FILE PHOTO: Former Malaysian Prime Minister Najib…
DetailsThursday, April 22, 2021 GoLocalProv News Team View Larger + A new study finds that Rhode Islanders love their gambling. Rhode Island ranks 15th overall in the new study and second only to Massachusetts in New England. And, Rhode Island is ranked first — tied with the Commonwealth — with sales of lottery tickets per…
DetailsCreditors have voted to liquidate Greensill Capitals Australian business, which collapsed last month with debts of A$4.9bn to companies including Credit Suisse and SoftBank. Administrator Grant Thornton said on Thursday that creditors had voted by 23 to zero, with a handful of abstentions, to wind up the parent company of the London-based supply-chain finance group…
DetailsJapanese insurer Tokio Marine and the Australian Tax Office were listed as yet to be quantified. The shift to liquidation from administration will give Grant Thornton greater powers to investigate Greensills collapse and gather documents, including examining whether former directors or officers of the company had committed any offences that need to be reported to…
DetailsA closely-watched report has noted the largest quarterly leap in the number of businesses suffering significant financial distress since 2014 following a year of coronavirus disruption. The latest Red Flag Alert produced by insolvency specialists Begbies Traynor measured a jump of 93,000 firms in the first quarter of 2021, a period that took in the…
DetailsLoxley Plc is planning to push forward and achieve consecutive growth after completing a two-year business restructuring task which saw it cut 40 underperforming firms and form seven core companies. Suroj Lamsam, Loxley president and chief executive officer, said the firm experienced a positive turnaround last year with a better bottom line after experiencing several…
DetailsHertz Global Holdings Inc. agreed to provide some value to equity holders when it leaves chapter 11, vindicating the individual traders who have insisted the company is worth something despite its bankruptcy filing. Hertz proposed in a chapter 11 exit plan on Wednesday that current stockholders receive warrants to purchase up to 4% of the…
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