This article originally appeared on Invest in You: Ready. Set. Grow., a CNBC multiplatform financial wellness and education initiative, in partnership with Acorns. Despite the economic turmoil and mass unemployment resulting from the coronavirus pandemic, consumer revolving debt decreased by $24 billion in May, according to recent data from the Fed. It is the third…
DetailsThinking about the future is a great way to motivate yourself to stick to a debt repayment plan. When you identify goals that motivate you, it may not seem like as much of a sacrifice to put a few hundred dollars toward eliminating high-interest debt every month. The faster you pay off your balances, the…
DetailsKyrylo Shevchenko pictured in parliament on July 16 as MPs confirmed his appointment as Ukraine’s new National Bank Governor. REUTERS/Tetiana Bondarenko The Ukrainian parliament endorsed President Zelenskyys nominee Kyrylo Shevchenko as the new Governor of the National Bank of Ukraine (NBU) on July 16, just hours after he emerged as the Ukrainian leaders pick for…
DetailsNQ Minerals Plc NQ Minerals USD 41 million Debt Restructuring with ING Bank London, United Kingdom – July 16th, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces that ING Bank N.V. (“ING”), a leading global resources bank, has today committed to provide NQ with a USD 41 million banking refinancing…
DetailsBanks have urged the Financial Services Authority (OJK) to extend its debt relief program as the COVID-19 pandemic has yet to show signs of slowing down. Association of State-Owned Banks (Himbara) chairman Sunarso said on Monday the banks had asked the authority to extend its loan restructuring relaxation program by at least another year. The…
DetailsIt’s more bad news in a shocking year for Brisbane’s events scene with the liquidation of a long-term planning firm. Director Marc Sheldon has put his high-class event planning business Flugente under after 10 years of operation in the River City. Mr Sheldon tapped experienced liquidators Kaily Chua and David Hambleton of Rodgers Reidy to…
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 56 bankruptcies in week 28. This is 2 up on the previous week. In addition, 8 sole proprietorships were declared…
DetailsLuckin Coffee has called in liquidators to oversee a corporate restructuring and negotiate with creditors to salvage its business, less than four months after shocking the market with a US$300 million accounting fraud. The start-up company named Alexander Lawson of Alvarez & Marsal Cayman Islands and Tiffany Wong Wing Sze of Alvarez & Marsal Asia…
DetailsSamantha Findley will take the role of director, special situations in Australia. She is reported to have more than 15 years experience as a workout banker, restructuring and insolvency professional and client adviser. In her new role, Ms Findley will be responsible for steering clients through restructuring programs and portfolio management. Tim Stewart, head of…
DetailsSurprise falls in the number of corporate insolvencies across the country do not yet reflect the effect of the pandemic on businesses, warns the Midlands branch of insolvency and restructuring trade body R3. Recently published statistics, from the Insolvency Service, show that there were 732 company insolvencies in England and Wales in June 2020, which…
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