Debt relief can help you improve your credit score. Getty Images/iStockphoto If you’re thinking about enrolling in a debt relief program, you may be apprehensive about the impact doing so could have on your credit score. After all, these services may cause your score to fall, making it more difficult to access loans and credit…
Normal text sizeLarger text sizeVery large text size The number of people entering personal insolvency in the year to June 30, 2024 was 20 per cent higher than the preceding financial year, as more people find themselves unable to repay debts. Personal insolvency includes bankruptcies and debt agreements, and a relatively small number of insolvency…
Partnership enables a faster payment execution and greater visibility into money movement TORRANCE, Calif., July 9, 2024 /PRNewswire/ — Happy Money, a leading provider of unsecured lending that helps credit unions grow, today announced a strategic partnership with Method, a leading provider of real-time data and payment access for consumer liabilities, to enhance the way…
There are a few ways to pay off $30,000 (or more) in credit card debt, experts say. Getty Images Over the last couple of years, issues with persistent inflation have sparked an increase in the price of many necessities like gas, food and housing. In turn, many households are struggling to pay for these essentials…
The French system for dealing with companies in difficulty comprises two categories of procedure: Amicable procedures (namely, mandat ad hoc and conciliation), which aim to reach an agreement with the main creditors through confidential negotiations under the aegis of a third party appointed by the president of the court; and Collective legal proceedings (namely, safeguard,…
Insolvencies across the board have peaked at 1,711 in May 2024, up by 59.9 per cent from last year. This is according to new data from the Australian Securities and Investments Commission (ASIC), which show that insolvency rates have been steadily increasing post-COVID. First-time insolvencies also hit a new peak in May, up 383 from…
SOUTHBOROUGH, Mass., July 9, 2024 /PRNewswire/ — Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions, today announced a strategic partnership with Quality Clouds, a premier provider of SaaS governance solutions for Salesforce and ServiceNow platforms. This collaboration is set to revolutionize how Virtusa’s clients approach and manage technical debt, ensuring…
Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring The volume of new corporate restructuring mandates is set to continue rising over the next…
Guangzhou R&F Properties is the latest Chinese property developer facing a liquidation suit filed by creditors. The cash-strapped R&F said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan. The petition was filed on Monday at a Hong Kong Court by…
Michael Neumeister has joined Cooley as a partner in the firms business restructuring practice and global litigation department in Los Angeles, the firm said Tuesday. Neumeister will support clients in financial distress on a range of matters, including in out-of-court restructurings and as debtors in Chapter 11 cases in California and across Cooleys global platform,…