article If you want to aggressively tackle your debt, you’ll need strategies that move the needle. (iStock) As the economy appears to slowly recover from the pandemic, were beginning to see evidence that Americans are actively seeking to pay down debt. Total outstanding credit card debt fell by a whopping $108 billion in 2020, according…
FRP Advisory reported a drop off in restructuring appointments in the last financial year as government financial aid protected many businesses from collapse during the Covid pandemic. The professional services firm, which plans to pay a dividend for the year, said the number of insolvency appointments it secured in the last 12 months was down…
The EUs recovery fund and private investors will push investment to a level not seen for more than a decade, but the risk of corporate insolvencies could hamper the European economy take-off. According to the European Commissions economic forecast published on Wednesday (13 May), the improved economic outlook, favourable financing conditions, and recovering corporate profitability…
The High Court has approved a personal insolvency arrangement (PIA) providing for a 54-year-old woman to make mortgage repayments on her family home until she is aged 90. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan from Moycarkey, Thurles, Co Tipperary. Ms Kirwan, a single woman and shop assistant who lives…
Are you working for a company that you believe is struggling financially? Or perhaps youve been waiting for an invoice to be paid for a long time. Alternatively, you may be trying to ascertain your own companys situation and whether or not its insolvent. Thankfully, there are numerous insolvency practitioners out there such as Hudson…
The business has been sold to H.I.G. Europe, the European affiliate of H.I.G. Capital, a global investment firm and Interpaths managing directors. The completion of the sale, which sees circa 528 staff and 22 partners transferring to the new business, means that Interpath has now launched as an independent restructuring and turnaround business. Jon Holt,…
Mental Health Awareness Week runs until May 16 and there can be little doubt that the last year has had a significant emotional and financial impact on thousands of people across Scotland. Many have faced isolation from friends, family and support networks, with the situation being made worse by the additional burden of problem debt,…
By Reuters Staff 3 Min Read (Adds comment of Ukraines central bank) LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail-in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks…
The High Court has approved a personal insolvency arrangement that will see a 54-year-old Tipperary woman continue to make mortgage repayments on her family home until she is 90. Mr Justice Mark Sanfey approved the arrangement for Esther Kirwan, of Moycarkey, Thurles, in what is a regarded as an important test case. The court heard…
Jonathan Bennett (49), from Cardiff, appeared at Cardiff Crown Court on 10 May before Judge Fitton QC were he was sentenced to 9 months in prison, suspended for 2 years. During the hearing the court heard that Jonathan Bennett was banned as a company director in 2010 for 8 years. Jonathan Bennett, however, continued to…