Number of Brits declared bankrupt set to soar – with Christmas debt the tipping point – Mirror.co.uk

The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures for England and Wales will show a 14% year-on-year increase in the number of people being declared…

Funding woes led to downfall of failed modular data centre operator South Western Wireless Communications – CRN Australia

The chief executive of Sydney telco South Western Wireless Communications Company has pinned the downfall of his company on his co-director’s decision to withdraw funding from the business.  SWWCC director and former chief executive Geoffrey Peach told administrator Farnsworth Shepard that a cessation of funding from other director and chairman Peter Bartter was key to the company’s financial difficulties. …