Despite the fact that many of us treat “debt” like a dirty word, millions of Americans are drowning it in. Even after a huge bump in debt repayments this year, Americans are still past due on their credit card payments to the tune of $945 billion. On top of that, we also collectively owe $1.7…
DetailsBy Wayne Robinson | 20 January 2021 Ascent Partners has formed a strategic alliance with turnaround professionals Rodgers Reidy / TBA Solutions, in order to provide Australian printers who have experienced significant sustained downturns, with options for the pathway forward. Options for printers: (l-r) Brent Morgan, director, Rodgers Reidy and Richard Rasmussen, director, Ascent Partners…
DetailsBy Wayne Robinson | 20 January 2021 One of Melbournes major large format print businesses Magnify Media is in voluntary administration, with debts approaching $5m. Magnify in administration: John Duplock Four parties are currently in discussions with the administrator over buying the business, which is continuing to trade on a week-by-week basis, and is being…
DetailsCreditorWatch chief executive officer Patrick Coghlan. Source: supplied. Small businesses have begun registering for temporary restructuring relief, under Australias new insolvency regime that began on January 1. Records published by the Australian Securities and Investments Commission show four businesses have so far made declarations that they are eligible for temporary restructuring relief. Among the businesses…
Details10:17 AM PST 1/19/2021 by Alex Weprin The company had added to its workforce to help with its coverage of the 2020 election, and with the election over the company is adjusting its staffing to account for the less intense news cycle. Fox News Digital is laying off staff as a continuation of restructuring plans…
DetailsMany Texas residents are struggling with tens of thousands of dollars in credit card debt and personal loans, made even worse due to financial problems caused by the COVID-19 pandemic. Many people are unable to qualify for debt consolidation loans because of the high borrower requirements., but there are options to resolve overwhelming debt problems…
DetailsEleanor Temple, Yorkshire Chair of R3 Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of Decembers corporate and personal insolvency statistics for England and Wales: Decembers increase in corporate insolvency numbers has been driven by a rise in administrations…
DetailsThe Egyptian Trade Union Federation (ETUF) voiced on Tuesday its rejection to the decision of liquidating the Egyptian Iron and Steel Company (EISC), a week after the hotly debated resolution was passed officially by the company’s board of directors. In an official statement released following a meeting held earlier today, the ETUF called on all…
DetailsFW discusses reorganisation and growth strategies in 2021 with David Bryan at BM&T. FW: How would you describe the organisational challenges facing businesses in the wake of the coronavirus (COVID-19) pandemic? In general, how would characterise their prospects for growth in the months ahead? Bryan: The challenges for businesses are many and varied. After what…
DetailsLike many other companies in the debt relief space, DMB Financial promises to help you get out of debt using a process called debt settlement. When you sign up for debt settlement, you’ll be asked to stop making payments on credit cards, medical debts, and other debts you have. Instead, you’ll be asked to deposit…
Details