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Daily Archives: December 10, 2024

One of Russia’s largest microchip factories declared bankrupt

BankruptcyBy EditorDecember 10, 2024

Stock Photo: Getty Images One of Russia’s largest microchip manufacturers, Angstrem (Zelenograd), has been declared bankrupt. Source: The Moscow Times Details: The company has been put under observation, and the decision to declare the debtor bankrupt was made at the request of Zenit Bank on 2 December 2024. As the case file shows, the court…

Customer fury as Dublin windows company shuts with thousands in deposits – The Irish Times

LiquidationBy EditorDecember 10, 2024

Dozens of customers of a Dublin-based windows and doors company that went into liquidation late last week have expressed anger and concern that money they paid as recently as two weeks ago will never be recovered. One couple who contacted The Irish Times said they stood to lose close to €50,000 after provisional liquidators from…

Property investor Derek Quinlan fails to exit bankruptcy

BankruptcyBy EditorDecember 10, 2024

This article was updated on March 8, 2024 The exit from bankruptcy of Derek Quinlan, the boom-time property investor, has been delayed after a move by his trustee to suspend his discharge. Quinlan, 76, who once owned trophy homes in New York, Mayfair in London and Saint-Jean-Cap-Ferrat on the French Riveria, was due an automatic…

Pilot told to pay $50,000 debt or be made bankrupt – Stuff

BankruptcyBy EditorDecember 10, 2024

Pilot told to pay $50,000 debt or be made bankrupt  Stuff Read the original article here

How Iceland’s interest-free loans help families avoid Christmas debt

Debt HelpBy EditorDecember 10, 2024

The Iceland “microloans” range from £25 to £100, in the form of a prepayment card to be used in Iceland, and after the initial loan can only be taken out during school holidays. They are a way for those who cannot ordinarily get credit to afford essentials during periods of strain, and pay them back…

Insurance Giant Allianz Warns Of Rising Insolvencies In 2025

BankruptcyBy EditorDecember 10, 2024

By Martin Croucher · December 5, 2024, 12:36 PM GMT Company bosses and their insurers could face increased claims next year from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday…. To view the full article, register now. Read the original article here

4 reasons to pursue credit card debt forgiveness this December

Debt HelpBy EditorDecember 10, 2024

For many credit card users, a debt forgiveness plan may be worth pursuing this month. Getty Images/iStockphoto Credit card debt continues to rise, with balances up by $24 billion in the third quarter of 2024, according to the Federal Reserve. Americans now owe a record $1.17 trillion as consumers turn to their credit cards to…

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