Thirteen Scots a day are being declared bankrupt as the impact of Brexit uncertainty and welfare cuts saw numbers soar over the past year. The Scottish Government says a growing number of people are facing “increased financial pressures” as the economic situation becomes increasingly uncertain. A total of 12,779 Scots were declared insolvent in 2018/19…
DetailsThe number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate. Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19. The increase was driven by a type of insolvency agreement called a protected trust deed, which rose…
DetailsSAP raised its operating profit outlook on Wednesday as Europes largest software groups quarterly cloud revenue exceeded 1.5bn for the first time, up 45 per cent from the same period a year earlier. The German business software group took a hit from restructuring costs as well as other acquisition-related and share-based bonus charges, announced earlier,…
DetailsBy Press Association Published: 20:43 AEST, 24 April 2019 | Updated: 20:44 AEST, 24 April 2019 The number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate. Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19. The…
DetailsDo you have crippling debt? Are you thinking about declaring bankruptcy? Bankruptcy stays on your credit report for 7 to 10 years and has a detrimentaleffect on your credit scorefor even longer. Individuals can file for bankruptcy in two ways chapter 7 or Chapter 13. Each method has different qualifications and ramifications. And once someone…
DetailsVoters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
DetailsCorporate Insolvency Resolution Process (CIRP) has been initiated in respect of Nagarjuna Oil Refinery Limited under the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) by way of an order dated April 09, 2019 of NCLT, Hyderabad bench (copy of the Order received by me on April 22, 2019) Further, Mr. Kranthi Kumar Kedari (IP…
DetailsContrary to what many believe, the US federal government does not spend the bulk of its revenue on its military. Or even on politicians hefty paycheques. Instead, almost 45% of taxpayer dollars go to support Medicare, Social Security and disability benefits to the tune of $2.43 trillion (US$1.74 trillion) per year. But in a sign…
DetailsA forensic audit of 200 top companies by the Ministry of Corporate Affairs has detected irregularities to the tune of Rs 1 lakh crore, including diversion of funds. Most of these companies have been referred to insolvency and resolution proceedingsunder the Insolvency and Bankruptcy Code. Irregularities detected in some top companies point to the collapse…
DetailsFour of the UKs largest real estate investment trusts are heavily exposed to struggling retailers and CVAs, the rising insolvency trend which has become synonymous with the decline of the high street, UBS has warned. The analysis looked at the portfolios of four real estate investment trusts: British Land, Landsec, Hammerson, and Intu. Its findings…
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