Cairo, 10 July 2025 (ECA) – The UN Economic Commission for Africa (ECA), in collaboration with Global Sovereign Advisory (GSA) and the Government of Egypt, concluded today in Cairo (Egypt) a four-day capacity building workshop on Debt Sustainability Analysis (DSA). About 35 officials from the Egyptian Ministry of Finance, the Ministry of Planning, Economic Development…
The “snowball method” is going viral on TikTok, with its creator claiming it’s the fastest way to pay down debt. Dave Ramsey, the famed finance expert who is the brains behind the budgeting hack, explained that the method is designed to build momentum in the same way as a snowball being rolled downhill. To start,…
When Abhishek Bachchan quit college to help Amitabh Bachchan clear Rs 90 crore debt: ‘He had to borrow money from staff…” MSN Read the original article here
Seven MPs have written to the Home Office to share “bankruptcy concerns” over the financial situation of Lincolnshire Police. The letter states the force is at risk of having to issue a Section 114 notice, which would mean it may have to declare itself effectively bankrupt. Without additional support, the MPs said it would result…
In a recent case, the Cochin bench of the National Company Law Tribunal (NCLAT) dismissed the application filed by Canara Bank under section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, on failure to prove the claimed debt of 43 Crore. Canara Bank, Asset-Recovery Management Branch under Section 95 of the Insolvency & Bankruptcy…
The second half of 2024 saw a 47 per cent increase in total insolvencies compared to the same period the year prior, ASIC data has revealed. Insolvency rates increased across nearly all sectors of the economy in the final two quarters of 2024 as the ATO continues its stricter stance towards tax collection. The leading…
Amitabh Bachchan’s life has always been the stuff of Bollywood legends. From being dubbed a ‘failed newcomer’ to becoming the ‘Shahenshah’ of Hindi cinema, his story is one of remarkable highs and crushing lows. But perhaps the most testing time of his life came not in front of the camera, but at home, when his…
Elements you can claim for If you’ve been made redundant and your employer is insolvent, you can apply to the Insolvency Service for the money you’re owed. To apply, you must complete the online application. We’ll then assess your claim and pay you the money you’re entitled to. We make separate payments for the different elements…
A recent study has revealed that nearly a fifth (17 per cent) of Australian SMEs would collapse if they lost just one major client. As revealed in ScotPac’s SME Growth Index Report, if businesses lost a key client, there would be an average revenue loss of 22 per cent. Diversifying revenue streams is key to…
Guy Conroy was a director of Green IS Group Limited and GIS Forestry Limited, which offered customers the opportunity to invest in teak trees on plantations in Brazil Conroy allowed Green IS Group and GIS Forestry to mislead their customers, breaching contractual obligations in the process At least £8.525 million was owed to investors when…