Interestingly, some banks could potentially emerge as net beneficiaries if they receive subsidies for previously provisioned loans. Compared with the extensive borrower-relief measures implemented during the Covid-19 pandemic, this scheme’s modest scope may have limited effectiveness in addressing Thailand’s substantial household debt, which stood at 90% of GDP as of June. The continuation…
The Queensland government has made a final bid to save the Mount Isa Rodeo — the largest event of its kind in the southern hemisphere — after it entered voluntary administration in October. In November, a final report by administrators SV Partners found at least 83 creditors were owed $1.9 million with a shortfall of…
Historic Australian beverages brand Billson’s has been thrown a lifeline by the Coca-Cola Company after going into voluntary administration earlier this year. The multinational soft drink manufacturers are currently in the process of purchasing the company, based out of Beechworth in Victoria, according to owners Nathan and Felicity Cowan. The pair said they had been…
DG DMO, Patience Oniha, at the Debt Management Forum for Africa (DeMFA) in Abuja on December 17, 2024 Debt Management Office Nigeria Read the original article here
Topline The Biden administration announced Friday about 55,000 student loan borrowers will have their debts forgiven, totaling nearly $4.3 billion in relief, marking the latest wave of student loan forgiveness under a program intended to benefit public service workers. The Biden administration estimates about $180 billion in student loan debt has been forgiven for ……
Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze Castanet.net Read the original article here
Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the corporate insolvency…
GUY CAMPBELL/BBC Gerry Skews, from the Excelsior Trust which operates a Lowestoft-built sailing smack, says the college had been a lifeline for the preservation of traditional techniques An award-winning centre teaching traditional maritime construction skills has closed as it goes into liquidation. The International Boatbuilding Training College (IBTC) started in Oulton Broad in Suffolk in…
By Reshmi Basu | Bloomberg Big Lots does not expect to complete a planned sale of its business to private equity firm Nexus Capital Management LP, putting the discount retailer that employs more than 27,000 people at risk of liquidation. The company said it continues to work toward completing an alternative transaction with Nexus or…
In a statement, regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – would “close its doors with effect from 20 December and a meeting of members has been called for that day to place the company into liquidation”. A spokesperson for…