Digitalisation can radically change the debt assistance and administration into a more people-oriented approach in the Netherlands All signals are on red in the debt sector[1]. The sector is all about people in often difficult situations. More than 2,5 million Dutch households suffer from late payments[2]. About half of those households have structural debt problems.…
More than 50 per cent of small to medium sized businesses are preparing to explore insolvency options over the next six months, a new survey has found. An independent survey commissioned by insolvency firm Jirsch Sutherland has found that of the 1,000 business owners and directors surveyed, 51 per cent said they were expecting to…
Debt consolidation through a personal loan makes sense if you can qualify for a new loan at a lower rate and you have a plan to pay off what you owe. (iStock) Owing money can be a huge financial burdenand it can also be logistically difficult to keep up with multiple creditors if you have…
29 Jul 2020 The introduction of the new Corporate Insolvency and Governance Bill has been a far-reaching aid to businesses disrupted by the COVID-19 pandemic, although some of those measures are somewhat controversial. The Bill was partly brought into force on 26 June 2020 but unusually some measures will have retrospective effect in order to…
CLOSE J.C. Penney has filed for bankruptcy and is closing their doors after being around for almost 120 years. So why does it hurt to see them go? USA TODAY J.C. Penney is looking to go forward with a sale of the business to avoid a brush with liquidation. The retailer’s attorney, Joshua SussbergofKirkland& Ellis,…
I think for us, weve probably been hit more than most areas of insurance by the pandemic, he said. Obviously, the economic impacts of COVID-19 have been well-publicised and Credit Solutions protects against the risk of insolvency, which has probably never been so much of the forefront of clients minds. Read more: What’s next? Australian…
Dannys last bet was two years ago. But I still think about gambling addiction, and the anxieties and worries it digs up, every day and probably always will. I think about how my fiancs addiction has cost me more than money but my story is not one of doom, and fortunately Danny (not his real…
However, Ms Ball said the TMA would not insist on any exemptions to unfair preference payments that involved related party payments or phoenix transactions. “The amendment would not however, exempt those payments made by a company pre-insolvency to any related party or where there exists phoenix company-type transactions.” The government has already made significant changes…
A financial planner conned a couple out of $360,000, sinking to staggering depths of deceit so he could pay off his credit cards and feed an online gambling addiction, a court has heard. Daniel Peter Logan, 40, was in extreme financial stress when he took the Brisbane couple on as clients while working as a…
29 Jul 2020 The new Corporate Insolvency and Governance Bill introduces an unprecedented level of protection to insolvent companies in supply chains. Suppliers will now be obliged to continue providing goods and services despite the fact the recipient is in an insolvency process. The standard practice in most supply contracts is that a clause will…