The UK Debt Management Office (DMO) is an Executive Agency of HM Treasury. It is primarily responsible for debt and cash management for the UK Government. Sir Robert Stheeman, Chief Executive Officer of the DMO, announced in September 2023 that he would be stepping down from the role at the end of June 2024 after…
TALLAHASSEE – State regulators have asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry. The Florida Department of Financial Services sought to be appointed receiver for FedNat Insurance Co., which canceled 56,500 policies in May and…
An ipso facto clause is a contractual provision that allows one party to the contract to terminate or modify the operation of the contract upon the occurrence of a specified insolvency related event (such as the appointment of an administrator, receiver or liquidator) in respect of another party. From 1 July 2018, a moratorium on…
There are a few signs experts say to watch out for if you’re unsure whether debt relief makes sense for your needs. Getty Images With inflation lingering and even ticking back up recently, many Americans are struggling to keep up with their bills. Not only do the higher prices and dollar devaluation caused by inflation…
Umincorp declared bankrupt Sustainable Plastics Read the original article here
A tradie business has finally collapsed weeks after brutally sacking all its staff right before Christmas. News.com.au can reveal that on Wednesday morning, the Federal Court’s NSW division ordered Joinery Manufacturing Solutions Pty Ltd to go into liquidation over an unpaid tax debt. Tristana Steedman of insolvency firm RSM Partners has been appointed as the…
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Kautex Maschinenbau Declares Insolvency PlasticsToday Read the original article here
The Federal Government has announced it will guarantee regional flight bookings for Rex Airlines customers throughout the company’s voluntary administration process. In a statement, Minister for Infrastructure, Transport, Regional Development and Local Government, Catherine King said travellers can continue to book regional flights on Rex during this process “with certainty that they will either fly…
Qualification for a debt management plan usually hinges on the type of debt you have, how much you owe and your overall budget. Debt management companies may only be able to enroll certain types of debt, such as: Unsecured credit cards Medical bills Unsecured personal loans or lines of credit Store credit cards Unpaid utility…