Insolvency Service statistics show the total number of company insolvencies was higher in 2016 than the previous year, primarily because of 1,796 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules. Taken this into account, the underlying number of company insolvencies was broadly unchanged in 2016 compared with…
A total of 90,930 personal insolvencies were recorded across England and Wales in 2016 The number of people being tipped into insolvency jumped 13% last year amid fears that the “tide has turned” for household finances. Figures from the Insolvency Service show 90,930 personal insolvencies were recorded across England and Wales, rising 13.1% from 2015.…
A total of 90,930 personal insolvencies were recorded across England and Wales in 2016 The number of people being tipped into insolvency jumped 13% last year amid fears that the “tide has turned” for household finances. Figures from the Insolvency Service show 90,930 personal insolvencies were recorded across England and Wales, rising 13.1% from 2015.…
January 27, 2017 by Gemma Strong Gail Porter is declared bankrupt Gail Porter has been declared bankrupt at London’s High Court after being unable to pay her debts. The 45-year-old star has reportedly faced huge stress while struggling to resolve her financial situation, but has eventually ended up in bankruptcy. …
More going bust as personal borrowing surges By Kevin Peachey Personal finance reporter 27 January 2017 From the section Business Image copyright PA The number of people declared insolvent owing to unmanageable debts was 13% higher in 2016 compared with the previous year, official figures show. A total of 90,930 people in England and Wales…
Romanian chemical company Chimcomplex has reportedly submitted an indicative offer to acquire the assets of insolvent local chemical plant Oltchim. Chimcomplex is in expansion mode as it seeks to expand its existing operations as well as placing a bid for Oltchims assets. The investments are in line with the companys plans to reposition Romania on the…
(PRLEAP.COM) January 27, 2017 – Debt Consolidation USA shared in a recently published article some very valuable tips that can help consumers manage their long term financial goals. The article titled “5 Ways To Manage Your Long Term Goals” takes a look at some of the ways people can reach their goals more efficiently. The…
Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…
Cimpress NV (NASDAQ: CMPR) announced fiscal second-quarter 2017 results Wednesday after the market closed, along with plans to “decentralize its organizational structure.” Shares are down more than 8% in after-hours trading, as Wall Street frowns upon continued profitability headwinds for the mass customization specialist. To be fair, going into this report Cimpress shares had all…
(Adds company comments, analyst quote) By Mark Weinraub CHICAGO, Jan 26 (Reuters) – Caterpillar Inc, the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a…