Debt settlement and debt forgiveness are often used interchangeably, but they aren’t the same thing. Knowing the difference can help you understand how each may affect your credit and, in some cases, your taxes. We spoke with Bruce McClary of the National Foundation for Credit Counseling (NFCC) about how the two differ, what borrowers often…
Three entities have lost their bid against their liquidator after the latter proved they were too intertwined to not be considered a pooled group for the purposes of winding up. Liquidator Mohammad Mirzan Bin Mansoor has won his proceedings in the Federal Court of Australia for justification to combine three related entities into a single…
Australia’s large businesses are borrowing more and failing less — but their smaller counterparts are heading in the opposite direction, with SME insolvencies rising, delinquencies spiking, and ATO defaults surging, according to Equifax’s May 2026 Business Market Pulse. Read the original article here
You’ve got your first job fresh out of college, and with it comes a whole slew of adult-feeling moments, obligations, and responsibilities. It can be scary and confusing. But one thing that isn’t scary, says Assistant Professor of Finance Dan McKeever, is thinking about retirement. Where should new investors begin? Should you pay off student…
A solar installation company founded by a former SolarZero executive has been liquidated, leaving a trail of disgruntled customers in its wake. Solar Hub was founded by its sole director Yogesh Chand, formerly chief operating officer at the now collapsed SolarZero, and his wife Sangita Chand in 2021. Subscribe to continue reading Already have an…
Key takeaways Some companies hold assets worth more than their shares Liquidation can unlock value hidden by struggling operations Debt, taxes and selling costs can erase potential gains A company worth $1 billion on the stock market might own $2 billion in property, equipment and investments. Yet investors could still value the entire business at…
Addis Ababa, October 14, 2026 (ENA)— Ethiopia is strengthening its international financial partnerships while shifting its focus from debt restructuring to attracting fresh investment capital, Governor of the National Bank of Ethiopia, Eyob Tekalign underscored. Approached by The Pulse of Africa from Bangkok, where he is leading an Ethiopian delegation to 2026 International Monetary Fund…
Four South Korean craft brewers have entered rehabilitation or bankruptcy since 2025 Vinetur Read the original article here
The International Monetary Fund has called on member countries to strengthen financial support for low-income and vulnerable economies, warning that rising debt-servicing expenses and changing global economic conditions could widen the gap between advanced and developing nations. IMF Managing Director Kristalina Georgieva made the appeal during the annual meetings of the International Monetary Fund and…
The International Monetary Fund has called on member countries to strengthen financial support for low-income and vulnerable economies, warning that rising debt-servicing expenses and changing global economic conditions could widen the gap between advanced and developing nations. IMF Managing Director Kristalina Georgieva made the appeal during the annual meetings of the International Monetary Fund and…