May 1, 2019 - Page 2 of 2 - Insolvency Guardian

iHeartMedia completes restructuring process, cuts debt to $5.8bn – Music Business Worldwide

RestructuringBy Insolvency Guardian May 1, 2019

US broadcast giant iHeartMedia has successfully completed its restructuring process, significantly reducing its debt from $16.1billion to $5.75bn. Alongside the completion of the restructuring, and in accordance with its Plan of Reorganization, iHeartMedia and Clear Channel Outdoor Holdings have now fully separated, creating two independent publicly-traded companies. Clear Channel Outdoor Holdings shares will continue to…

Adopt a Farmer: Kids at drought-affected Tottenham Central School create their own rural aid – Daily Telegraph

Debt HelpBy Insolvency Guardian May 1, 2019

Adopt a Farmer: How you can help drought-stricken families NSW drought: Devastating reality in pictures Across drought-stricken NSW there are remarkable tales of community strength in the toughest of times and no one embodies that more than young Harry Chase and his classmates at Tottenham Central School. They came up with the Best Cookbook Ever.…

Rise in corporate insolvency rates in Q1 – Accountancy Daily

BankruptcyBy Insolvency Guardian May 1, 2019

There were 4,187 total underlying company insolvencies in Q1 2019, 6.3% more than in Q4 2018. Compared to the same quarter last year, this was an increase of 5.1% and marks the second highest underlying level of insolvencies in any quarter since Q1 2014. The hike was driven by increases in company voluntary liquidations (CVLs)…

UK company insolvencies rise in Q1 – Insolvency Service – Reuters

BankruptcyBy Insolvency Guardian May 1, 2019

LONDON, April 30 (Reuters) – The number of English and Welsh companies falling into financial distress rose sharply in early 2019, according to official data published by the government on Tuesday. There were 4,187 underlying company insolvencies in the first quarter, up from 3,938 in the fourth quarter, the Insolvency Service said, citing seasonally-adjusted data…

The UKs personal debt crisis: readers respond – Financial Times

Debt HelpBy Insolvency Guardian May 1, 2019

Three years ago my autistic son was groomed on Facebook as soon as he turned 18. He was fooled by some scammers into revealing his bank details on some cock and bull story. In February, they took out three loans in his name from three different payday lenders of varying amounts adding up to nearly…

How combining finances is helping this couple pay off nearly $300,000 in debt – Business Insider

Debt HelpBy Insolvency Guardian May 1, 2019

Money is often a source of conflict in a relationship. Josh Hastings, a financial educator and blogger, said combining his debt with his wife Lauren is helping them pay off nearly 300,000 in debt. The debt is actually helping their relationship by forcing them to communicate regularly about their financial future. Visit Business Insiders homepage…

Property spruiker Rick Otton files for bankruptcy – Property Observer

BankruptcyBy Insolvency Guardian May 1, 2019

Australias most infamous property spruiker Rick Otton, the controversial How To Buy A House For $1 author, has filed for bankruptcy, crippled by the largest fine in corporate history. It comes five months after he and his company were fined $18 million for misleading property investors following ACCC legal action. The Federal Court judgment found…

UK businesses in financial distress on the rise – economia

BankruptcyBy Insolvency Guardian May 1, 2019

News 30 Apr 2019 02:17pm The number of UK businesses in significant financial distress in the first quarter of 2019 has increased 1.4% year-on-year to 484,000 The latest Red Flag Alert from independent insolvency firm Begbies Traynor has found that 16% of all UK businesses were in financial distress at the end…

Catering and delivery business declared insolvent – The Business Desk

BankruptcyBy Insolvency Guardian May 1, 2019

A South Yorkshire catering and mobile food delivery business has ceased trading after being declared insolvent. Acorn Fine Foods, trading as Peckish, who ran routes around the Doncaster area, has taken its vans off the road alongside ceasing food production at its catering facility in Carcroft. It employed ten people. The proposed Liquidator,…

Daily Archives: May 1, 2019