Greek Borrowers Could Save Up to €28,600 Under New Debt Relief Measures

Greece is introducing a fixed 3% interest rate for eligible borrowers entering debt restructuring agreements through its out-of-court settlement mechanism, while increasing the maximum fines imposed on loan servicing companies tenfold, Finance Minister Kyriakos Pierrakakis announced in parliament on Tuesday. The two measures will be introduced as amendments to legislation aimed at protecting borrowers and…

UK furniture firm shuts after 9 years and enters liquidation

Rainbows Furniture, established in 2017, was a small “family-run” company which specialised in bespoke, solid-wood kitchen units and furniture and had built a loyal customer base. The company boasted a 3.6-star rating on Google Reviews, described by customers as “amazing”. Rainbows Furniture closes after 9 years and enters liquidation Now, after nine years in business,…

UK furniture firm shuts after 9 years and enters liquidation

Rainbows Furniture, established in 2017, was a small “family-run” company which specialised in bespoke, solid-wood kitchen units and furniture and had built a loyal customer base. The company boasted a 3.6-star rating on Google Reviews, described by customers as “amazing”. Rainbows Furniture closes after 9 years and enters liquidation Now, after nine years in business,…

Outback’s largest U.S. franchisee goes bankrupt

Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Outback Steakhouse has entered into a $26.3 million stalking horse agreement to buy 61 restaurants owned by franchisee Out West Restaurant Group/Cerca Trova Restaurant Group. The deal also includes “substantially all” of Out West’s other assets, according…

UK furniture firm shuts after 9 years and enters liquidation

Rainbows Furniture, established in 2017, was a small “family-run” company which specialised in bespoke, solid-wood kitchen units and furniture and had built a loyal customer base. The company boasted a 3.6-star rating on Google Reviews, described by customers as “amazing”. Rainbows Furniture closes after 9 years and enters liquidation Now, after nine years in business,…

Unimicron Germany enters voluntary liquidation

The decision was taken by the company’s owner on 27 October, according to a press release from Unimicron Germany. The same day, Unimicron’s board in Taiwan approved a EUR 35 million capital injection to cover existing orders, severance pay, loan repayments and the cost of the liquidation, as Evertiq reported last week. According to the…