Pakistan plans to ask China for relief on payments for power projects Beijing financed over the past eight years, the latest developing nation thats struggling to repay debt under President Xi Jinpings Belt and Road Initiative. In informal talks, Pakistan and China have discussed easing terms on the repayment of debt on about a dozen…
THOUSANDS of people across England and Wales are being forced into bankruptcy because they do not meet the threshold for a Debt Relief Order (DRO), which is significantly cheaper, Christians Against Poverty (CAP) has estimated. The national debt charity works through its network of more than 580 churches in the UK to provide debt advice…
The High Court has declined to approve a Personal Insolvency Arrangement (PIA) that would have allowed a car sales executive to write off approximately190,000 in debt mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin of Subulter, Cecilstown, Mallow, in County Cork. He owed money to Pepper Finance Corporation DAC,…
The High Court has declined to approve a Personal Insolvency Arrangement that would have allowed a car sales executive write off about 190,000 in debts, mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin, Subulter, Cecilstown, Mallow, Co Cork. He owed money to Pepper Finance Corporation DAC, which opposed the…
The 2020 pandemic sent many businesses scrambling to protect their employees and pivot their operations to retain their customers. This crisis presented more challenges and opportunities over the course of a few months than most businesses see in a decade. While many managed to stabilize their business through these efforts, a select group were able…
Struggling seismic player Polarcus, which last week saw creditors take over its vessels following a debt payment default, on Tuesday said a Cayman Islands court has appointed joint provisional liquidators, after the company’s application. “The Board remains focused on pursuing a restructuring of its indebtedness and maintaining the underlying business as a going concern. Discussions…
In 2021, businesses must move quickly to recover debts, particularly at this time of year when the sum of debtors may be larger than they can manage for the purposes of their cashflow. Over the next three years, Deloitte is forecasting that 5,300 Australian companies (which otherwise would have col In 2021, businesses must move…
Money mistakes happen all the time and you’re not alone if you have a few financial regrets of your own. In fact, a 2019 study by Finder.com found that an estimated 126.5 million American adults admit to having made a money mistake at least once in their lifetime. While money mistakes are arguably subjective you…