Tracy Banhams credit card limit was raised several times without asking, despite her making only the minimum payments. This left her with more than £28,000 of borrowing to repay alone. The mother of two from Radcliffe, Greater Manchester, used the cards to support her and her husband after their successful engineering company which supplied parts…
DetailsAGI HoldCo, Inc., a multichannel leading womens footwear brand doing business as Aerosoles, announced that it, along with certain of its subsidiaries have voluntarily filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company will continue to manage its stores and…
DetailsDear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in…
Detailsby Gareth Cross Concerns have been raised over the future of around 40 engineering and manufacturing jobs in Derry after a local company entered administration. The Derry News understands that Sphere Global started liquidation proceedings last week and the jobs of around 40 staff at the company may be at risk. The company was founded…
DetailsThe government needs to step in to help tackle the mountain of debt being racked up by the most vulnerable consumers in Britain, the chief financial regulator has warned, as new data shows that personal debt burdens are continuing to rise. New figures seen by the Guardian showed the worsening consequences of Britains borrowing binge.…
DetailsIts only just gone 9am at the Stratford Centre in east London, but the debt advice centre in the shopping mall is already full. Three miles from the gleaming towers of Canary Wharf in a former clothes shop, the borough of Newhams Moneyworks service helps residents struggling to make ends meet. Problems with high cost…
DetailsFailure is real and it’s scary. For me, the failure of my restaurant business MissChu was a highly public and humiliatingly brutal end, signifying the collapse of all my hopes and dreams. It was a torrent of shame; the knots in my stomach, insomnia and depression are all too real and only half the battle.…
DetailsToys R Us could file for bankruptcy as soon as this week, according to sources familiar with the matter. The sources noted that the bankruptcy plans are not definite, and both its plans to file and its timing could change. A bankruptcy would help simplify a capital structure made complex by its trio of financial…
DetailsIn a significant order that could have far-reaching implications on the start-up ecosystem in the country, a Division Bench of the National Company Law Tribunal (NCLT) in Chennai has ordered the initiation of corporate insolvency resolution process against Inasra Technologies Private Ltd. Inasra is the parent company of Stayzilla, an online homestay aggregator. The petition…
DetailsPTI: The Supreme Court today asked around 400 homebuyers of embattled Jaypee group to intervene in the main matter in which several buyers have moved the court seeking relief in the issue relating to the insolvency proceedings. Flat buyers, under the Insolvency and Bankruptcy Code of 2016, do not fall under the category of secured…
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