A Dalgety Bay construction firm set for liquidation

A petition for Pittsburgh Fife Limited to be wound up and a liquidator appointed was presented to Dunfermline Sheriff Court on July 14. The action was lodged by the Advocate General for Scotland for and on behalf of the Commissioners for His Majesty’s Revenue and Customs. READ MORE: Memorial fundraiser to celebrate life of Dunfermline…

Fintech kevin declared insolvent by Vilnius court

  According to Sifted, an assistant to the chairman of the Vilnius District Court stated that, after assessing the data, the court found the defendant to be insolvent and unable to meet its financial obligations on time. As a result, the court has initiated bankruptcy proceedings and appointed IS Group as the insolvency administrator. Shortly…

Credibur Secures $2.2M for Debt Facility Management Platform

Credibur emerged from stealth Wednesday (July 23) and announced it secured $2.2 million in pre-seed funding to launch its platform for debt facility management. The company is already launching with its first pilot customers, it said in a Wednesday press release. Credibur’s platform targets alternative lenders and institutional investors, according to the release. It facilitates…

NAB relaxes student debt treatment for mortgages

The major bank will disregard student debts of $20,000 when assessing mortgage applications. National Australia Bank has become the latest lender to confirm that it will ignore some Higher Education Loan Program (HELP) debt repayments when assessing home loan applications. From 31 July, if someone owes $20,000 or less in student debt, it will not…