U.S. corporate bankruptcies reached their worst levels in 10 years in 2020 as the coronavirus pandemic upended global industries and struggling companies faced their breaking points. A total of 630 companies declared bankruptcy in 2020, according to an analysis by S&P Global Market Intelligence. This surpassed the number of filings in every year since 2010.…
SAN JOSE, Calif., Jan. 5, 2021 /PRNewswire/ –So, you spent more money during the holidays than you planned. And not only did you overspend, you used credit cards or personal loans to finance the purchases. What follows is tips on what you can do to help pay down extra holiday debt this year, from myFICO.…
RALEIGH (WTVD) — The COVID-19 pandemic continues to cause financial heartaches into the new year. If your hope is to improve your finances and increase your savings, the Better Business Bureau has some tips to help you get out of debt. The new year is always a good time to evaluate your finances. One of…
Member Article The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. Insolvency…
When Duan Jun, a father from the city of Dongguan in southern China’s Guangdong Province, paid full-year tuition for his child in advance, he never thought that the online education institution would go bankrupt. Xuebajun, a video-tutoring platform that follows a one-on-one format, was recently reported to be in dire financial situation and was on…
RALEIGH (WTVD) — The COVID-19 pandemic continues to cause financial heartaches into the new year. If your hope is to improve your finances and increase your savings, the Better Business Bureau has some tips to help you get out of debt. The new year is always a good time to evaluate your finances. One of…
Published 5 January 2021 Fees for personal insolvency applications will continue to be waived until at least the end of 2023, Justice Minister Helen McEntee has announced. The waiver of all fees payable to the Insolvency Service of Ireland and to the courts was first introduced in 2014 and previously extended in 2017. It will…
Huseyin Gozel (41), from Norwich, was appointed director of Mardin & Maras Limited in June 2014. The company had been incorporated two years earlier in May 2012 and traded as Caesars Pizza & Kebab on Dereham Road. In September 2019, however, Mardin & Maras entered liquidation as it could not pay its debts and Huseyin…
Stationery chain Paperchase is on the brink of administration after most of its stores were forced to close over the Christmas period. The firm has filed a notice to appoint administrators, a move that will give it breathing space from its creditors while it works out a rescue plan. The company has 127 stores and…
A faster than expected economic recovery from last year’s recession means the number of businesses going under will be less severe than predicted. Job ads surged in December to pre-pandemic levels and bank loan repayment holidays fell for a fifth straight month in November as businesses and home borrowers resumed making payments, new data on…