The rate of personal insolvency in Worthing has slightly increased over the last two years, figures show. Across England and Wales personal debt has ballooned since 2015. Low interest rates and the rise of payday lenders have aided this, with insolvency rates increasing in every region. However in Worthing it has only gone up slightly,…
DetailsImage courtesy of Doughnut Time Facebook Just four months after going into administration and liquidation, new owners have announced the revival of Doughnut Time under new owner Pete Andros, with the first stores to relaunch August 1. A post on the companys Facebook page earlier this week noted the brand was coming back and would be…
DetailsMore News Student loan debt hits a record high at $1.5 trillion dollars this year and colleges across the nation are raising awareness to students. Universities like PSU require students to attend loan counseling sessions to remain aware of their debt. That helps them ultimately repay that money within a reasonable time period. Financial assistance…
DetailsPhoto: Pradeep Gaur/Mint New Delhi: The Insolvency and Bankruptcy Board of India and the insolvency resolution professional for Jaypee Infratech Limited (JIL) urged the Supreme Court on Wednesday to revive corporate insolvency resolution process for the debt-ridden company and constitute a fresh committee of creditors in the light of the peculiar facts of the case.…
DetailsThe restaurant group Gaucho is preparing to file for administration, putting 1,500 jobs at risk. The owner of the Gaucho and Cau brands is the latest victim of the intense pressure on the high street, which has cost 35,000 jobs in the retail and casual dining sectors this year. The group filed a notice of…
DetailsUpon the decision of the Arbitrazh Court, the procedure for former bankers realization of the property was initiated. In Tatarstan, former head of Tatfondbank Robert Musin was declared bankrupt by the decision of the Arbitrazh Court, the procedure for bankers realization was initiated, the materials of the case states. The bankruptcy of…
DetailsIt was a tough financial year for Australias debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade. In figures released by the Australian Financial Security Authority (AFSA), the number of personal insolvencies across the country rose for the third consecutive year, increasing…
DetailsIts easy to see why we would avoid debt but when it comes to business, this isnt always the best way to manage cash flow. Not all debt is created equal; Some good debt can actually help grow your business. Rather than oversimplifying all debt as bad, there are a few simple ways to identify…
DetailsBy Leith van Onselen The Australian Financial Security Authority (FSA) has released personal insolvency statistics for 2017-18, which reveals a sharp rise in total personal insolvencies to the highest level since the Global Financial Crisis (GFC), with record high insolvencies reached in WA and NT, and debt agreements also hitting an all-time high: According to…
DetailsEthan Genter @EthanGenterCCT ORLEANS A New Bedford man was ordered to pay restitution to Wellfleet Shellfish Co. after pleading guilty Wednesday in Orleans District Court to larceny over $250 by a single scheme. Vasco Camara, 49, must pay the shellfish company, his former employer, $54,150.75. The owner of the Eastham-based company told police in…
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