All organizational structures have a shelf life as internal and external conditions evolve is yours in need of a refresh? First, its important to clarify that restructuring your business isnt the same thing as reducing your workforce. In fact, smart organizations regularly analyze and proactively adjust their structure to take advantage of new trends and…
DetailsOne of Australia’s big banks has cracked down on “debt vultures” – businesses or individuals that claim to assist those struggling with debt but actually rake in big fees. National Australia Bank said it will no longer deal with unlicensed, fee-charging debt management provides. “Debt vultures exploit loopholes in the law to prey on the…
DetailsMembers of the OECD Development Assistance Committee (DAC), comprised of 29 donor countries and the EU, have agreed on a method for reporting debt relief as official development assistance (ODA). The agreement follows calls by developing countries and civil society for expanded international debt relief efforts. Creditors within the Paris Club, a forum of official…
DetailsThroughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 35 bankruptcies in week 30. This is 11 down on the previous week. In addition, 2 sole proprietorships were declared…
DetailsBULLZYE lovers will soon see a return of the country clothing and accessories brand as Thomas Cook Boot and Clothing Co. has come in to save the day. Bullzye went into liquidation in March with more than $1.5 million owing to unsecured creditors. The liquidation saw the closure of the five physical Queensland stores, Rockhampton,…
DetailsAs part of the general business cycle, there are always a certain number of companies that get wound up, every week, and looking at the statistics at the moment, there have only been a handful of external administrations. Many are suggesting that there are upwards of 2000 businesses that would have ordinarily failed since March…
DetailsDigitalisation can radically change the debt assistance and administration into a more people-oriented approach in the Netherlands All signals are on red in the debt sector[1]. The sector is all about people in often difficult situations. More than 2,5 million Dutch households suffer from late payments[2]. About half of those households have structural debt problems.…
DetailsMore than 50 per cent of small to medium sized businesses are preparing to explore insolvency options over the next six months, a new survey has found. An independent survey commissioned by insolvency firm Jirsch Sutherland has found that of the 1,000 business owners and directors surveyed, 51 per cent said they were expecting to…
DetailsDebt consolidation through a personal loan makes sense if you can qualify for a new loan at a lower rate and you have a plan to pay off what you owe. (iStock) Owing money can be a huge financial burdenand it can also be logistically difficult to keep up with multiple creditors if you have…
Details29 Jul 2020 The introduction of the new Corporate Insolvency and Governance Bill has been a far-reaching aid to businesses disrupted by the COVID-19 pandemic, although some of those measures are somewhat controversial. The Bill was partly brought into force on 26 June 2020 but unusually some measures will have retrospective effect in order to…
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