Troubled businesses looking to access the new simplified debt restructuring process should be wary of a potential cash-flow squeeze, says an insolvency partner. Since 1 January, business with liabilities of less than $1 million and are up to date with their tax lodgements and employee entitlements have been able to access a simplified debt restructuring…
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…
The Democratic Republic of the Congo, a major producer of cobalt and copper, has attracted billions of dollars in investment from Chinese firms in recent years. China has granted some debt relief to the Democratic Republic of the Congo (DRC) to help it overcome economic fallout from the coronavirus pandemic, the Congolese foreign ministry said…
KINSHASA – China has granted some debt relief to Democratic Republic of Congo to help it overcome economic fallout from the coronavirus pandemic, the Congolese Foreign Ministry said on Wednesday. As a result, Congo will not have to repay its interest-free loans from China that matured at the end of 2020. The ministry did not…
iGaming operators have been keeping a close watch on the fast growing Indian online gaming market which has become bigger with every passing year. The COVID-19 lockdown worked well for Indian online gaming operators as they witnessed a significant boost in new player registrations and player traffic during the 2020 lockdown. However, the sudden increase…
By Reuters Staff 2 Min Read KINSHASA (Reuters) – China has granted some debt relief to Democratic Republic of Congo to help it overcome economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday. As a result, Congo will not have to repay its interest-free loans from China that matured at the…
Statistics released by the Insolvency Service show that even before the financial effects of Covid-19 hit peoples incomes, Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. There were 453 cases of bankruptcy in the borough in 2019 – a rate of 50.8 per 100,000. That number was…
Eleanor Temple, Yorkshire Chair of R3 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…
Even if you are a multi-billionaire, you are at a risk going bankrupt and losing it all. Today, we are looking at billionaires who built a fortune but, a series of bad decisions and other factors landed them in a pool of debt that they failed to repay. 1. Pramod Mittal, brother of Lakshmi Mittal,…
Nicola Bentley (39), from Oxted, Surrey, was the sole director of Stephensons (National Window Cleaning) Ltd and has now been disqualified from being a company director for 7 years. Her ban is effective from 31 December 2020. The company was incorporated in January 2017 and provided window cleaning services, predominantly for bookmakers. The window cleaners…