More and more people are requesting (and obtaining) the total write-off of their debts, even if they are completely insolvent – that is, they have nothing to offer their creditors. The so-called ‘debt relief for insolvent debtors”, which can be invoked only once in a person’s lifetime, was introduced into the Crisis Code (Legislative Decree…
Debt repayment is typically a long process, so relying on motivation alone can make it tough to stay consistent. Dilok Klaisataporn/Getty Images Paying off your debt can seem like a relatively straightforward task on paper: You make your monthly payments, avoid adding new charges to the balance and put extra money toward what you owe…
Many people have waited months before seeking advice with some waiting more than three years A common reason was believing that they could sort their finances out themselves, cited by 39% of respondents Feelings of shame, being overwhelmed, and not knowing who to contact are preventing some people in Northern Ireland from seeking debt advice,…
The Mix’s social enterprise, 127 Trading Ltd, has confirmed it is seeking voluntary liquidation. It means The Mix’s site on Ipswich’s Waterfront- which took over from Paddy and Scott’s café site last year – has closed. The move has also permanently closed cafés in Stowmarket, Needham Lake and Hadleigh, including those trading as Duck &…
GAS approves the voluntary liquidation of its 40%-owned associate Elster Instromet Saudi Arabia GAS Arabian Services Co. (GAS) stated that its board of directors approved today, Sept. 22, the commencement of voluntary liquidation procedures for its associate, Elster Instromet Saudi Arabia Co. Ltd. GAS holds a 40% stake in Elster. The company said in a…
Over 1,000 businesses in South Africa go under businesstech.co.za Read the original article here