Almost 1,900 new company start-ups (1,878) were formed, on average, each month in the first half of 2017, an increase of 6% compared to the same period last year. Bar June, company start-ups were up every month compared to 2016 including by almost 20% in January and 9% in April. When combined with new business…
Women are increasingly more likely than men to see their finances deteriorate so badly that they become insolvent, official figures show. The rate of female insolvencies across England and Wales first overtook that for men in 2014 – and since then the insolvency gender gap has widened. In 2016, for the first time, women were…
Gail Porter, the television presenter and former model, was declared bankrupt at the beginning of this year following two years in hospital. Here, in an exclusive vlog for HuffPost UK she talks about how less work meant she could not keep up with her bills, how she resorted to hiding them under her bed and…
Council vice president Major Sombat Wongkamhaeng, who also chairs the Thai Bars committee on legal aid, said Pisits name was also struck from the list because hed been declared insolvent in 2004. Council representatives accompanied Porntip Chantharat and her wheelchair-bound daughter Pattarada Beam Kaewpong to a Bangkok court on Thursday to file a civil…
West Australian bakery Mias has been placed into voluntary administration. The family-owned bakery, which has been trading since 1950, employs about 150 staff. Mias chief executive Conrad Mias said the low bread price was one of a number of factors leading to the company’s financial problems. He said the introduction of Aldi into the…
Fianna Fáil has said Government fears that its new mortgage arrears bill is not constitutional are ill-founded and a convenient excuse to block the legislation. The partys finance spokesman, Michael McGrath, who is bringing the bill, is seeking to remove the veto banks have on those seeking to stay in their homes. He says the…
Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are still running at around 15…
The Reserve Bank of India (RBI) on Wednesday told the Gujarat High Court that Essar Steels claim of nearly completing its restructuring and being unaware of insolvency proceedings was false. Darius Khambata, RBIs counsel, said the minutes of the meeting between Essar Steel and its lenders revealed that the company was far from…
SAN PABLO Get your patient records from Doctors hospital before they are destroyed thats the message that went out Tuesday from Contra Costa County Supervisor John Gioias office to anyone ever treated at the former Brookside Hospital, which became Doctors Medical Center before it was declared insolvent and closed its doors to patients in April…
Insolvency is often a direct result of financial instability, poor cash-flow and mounting debts. Although cash flow is a principal factor for evaluating a companys insolvency, there are many other elements which can contribute to your poor financial condition. Business insolvency is certainly the last term you would want to hear. This happens when…