The latest company insolvency statistics for July 2024 highlight a significant increase in corporate insolvencies within Scotland, reflecting broader trends seen across the UK. The total number of registered company insolvencies has risen, driven by a challenging economic environment that has persisted over recent years. Creditors’ Voluntary Liquidations (CVLs) remain the predominant form of insolvency,…
The insolvent Inapa Group, comprising the German subsidiaries Inapa Deutschland GmbH, Inapa ComPlott GmbH and Inapa Packaging GmbH, continues to operate without restrictions. According to a press release, customers can place orders as usual. Suppliers are reportedly committed to Inapa and supplying the group as planned, the company stated. “The understandable initial reservations of our…
Centrepay is once again in the news, and not for good reasons. This week the Guardian uncovered new examples of the government system being used as a vehicle of financial abuse – Centrepay was diverting money away from people receiving Centrelink payments to energy giants, years after they stopped being power customers. To be clear,…
A TRUCK driver has been given one piece of expert advice that could help him get rid of his crippling debt. After an unexpected breakup, Charlie was left struggling with mortgage payments, car payments, and credit card debt. 2 A truck driver sought out expert advice to try and help with his crippling debt (stock…
Popular drinks company Billson’s collapses Hawkesbury Gazette Read the original article here
The federal government will guarantee all regional flight bookings for customers of Rex during its administration process over the next month. The guarantee translates, if Rex customers have their flights cancelled, they will be entitled to receive a full refund. The Australian Federal Government has announced it will guarantee regional flight…
The Supreme Court has agreed to consider Byju’s plea regarding the revival of insolvency proceedings against the company on August 22. This comes after Byju’s raised concerns that the Court’s recent stay order on a settlement with the Board of Control for Cricket in India (BCCI) is being misinterpreted as a revival of the insolvency…
Best Debt Consolidation Loans for Fair Credit The Wall Street Journal Read the original article here
HONG KONG – Kaisa Group Holdings on Aug 20 announced an offshore debt restructuring agreement with a key group of bondholders, a step that may help the Chinese developer defend itself against a liquidation petition. The Shenzhen-based company has been working to restructure its offshore debt since defaulting on US$12 billion (S$15.7 billion) in offshore…
Who is Kunwer Sachdev, the ‘Inverter Man of India’, and How Did He Lose His Business? MSN Read the original article here