Insolvency Guardian Media Centre
WASHINGTON–(BUSINESS WIRE)–#ACDR–The Association for Consumer Debt Relief (ACDR), the leading advocate for the debt relief industry nationwide, has announced Andrew Shaw as its new Head of Research.
Shaw brings more than two decades of cross-sector experience in quantitative analysis, public policy, and data engineering. He has held roles across federal and state government, research institutions, and the private sector, most recently at Booz Allen Hamilton, where he led extensive research and evaluation of emerging AI technologies. His prior experience includes data engineering roles at North Carolina State University’s Laboratory for Analytic Sciences. Shaw also has extensive policy experience, having worked at the U.S….
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COVID-19, business insolvency issues and safe harbour protections Corrs Chambers Westgarth
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Introduction
The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial difficulties by introducing a new “moratorium” procedure, a new “restructuring plan” procedure and new rules prohibiting the termination of contracts for the supply of goods and services by reason of insolvency (so called “ipso facto” clauses). The Act represents the biggest change to insolvency legislation in 20 years and has implications for:
- Supply chains
- Construction…
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Association for Consumer Debt Relief Welcomes Andrew Shaw as Head of Research Business Wire
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German corporate bankruptcies to surge to a decade high in 2025 WTAQ
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Germany is on course for the highest corporate insolvency count in more than a decade, raising fresh questions about the resilience of the nation’s largest listed companies — and the ETFs that track them.
The latest data from Creditreform, cited by Reuters, paints a sobering picture of deepening financial strain across Europe’s biggest economy. For investors in the iShares MSCI Germany ETF (NYSE:EWG) and the Global X DAX Germany ETF (NASDAQ:DAX), those stresses may soon become harder to ignore.
• iShares MSCI Germany Index Fund stock is trading near recent highs. What’s next for EWG stock?
Corporate Failures Hit 11-Year High
Creditreform predicts that about 23,900 German companies will go bankrupt in 2025, an increase…
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When the Insolvency and Bankruptcy Code was introduced in 2016, it replaced a fragmented web of recovery laws with a single economic logic: fast resolution would preserve value. Nearly a decade later, the Parliamentary Standing Committee on Finance has concluded that each of the Code’s core pillars, speed, certainty and creditor control, is now under strain.
Over 30,600 insolvency cases are pending before the National Company Law Tribunal, which operates with only about 30 fully functional benches. The Insolvency and Bankruptcy Board of India has recommended the creation of at least 50 additional NCLT benches to restore time-bound…
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Germany is on course for the highest corporate insolvency count in more than a decade, raising fresh questions about the resilience of the nation’s largest listed companies — and the ETFs that track them.
The latest data from Creditreform, cited by Reuters, paints a sobering picture of deepening financial strain across Europe’s biggest economy. For investors in the iShares MSCI Germany ETF (NYSE:EWG) and the Global X DAX Germany ETF (NASDAQ:DAX), those stresses may soon become harder to ignore.
• iShares MSCI Germany Index Fund stock is trading near recent highs. What’s next for EWG stock?
Corporate Failures Hit 11-Year High
Creditreform predicts that about 23,900 German companies will go bankrupt in 2025, an increase of…
Read the original article here
Pla2na/Getty Images
Americans are carrying record-high credit card balances right now, with collective credit card debt currently topping $1.23 trillion nationwide. As a result, the financial strain is being felt across every demographic. And, while the wider interest rate landscape is starting to shift in favor of borrowers, credit card APRs have remained stubbornly high, which is making it even…
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Loud voices, a louder gavel, and clashing views consumed Wednesday’s board meeting as selectmen debated wording for options to present to voters.
LUBEC, Maine — Following a raucous hourlong meeting Wednesday, the Lubec Board of Selectmen decided to present voters with two options for paying the town’s share of the tax anticipation note debt in Washington County.
The meeting was tense as audience members repeatedly interrupted the board’s discussion, prompting Chairwoman Carol Dennison to bang her gavel on the table at least six times.
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Nation-leading program created by the Governor provides people who live and work in Maine a refundable tax credit for student loan payments of up to $2,500 annually
Governor Janet Mills announced today that her student loan relief program–one of the most generous in the nation–has provided more than $140 million in debt relief to Maine people with student loans since its creation three years ago.
In 2022, Governor Mills proposed — and the Legislature approved — a major overhaul of Maine’s student loan tax credit to make it more generous and easier to use and to help retain and attract young workers to Maine and encourage those here already to stay. Eligible Maine residents can be reimbursed through their state tax return for up to…
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Nation-leading program created by the Governor provides people who live and work in Maine a refundable tax credit for student loan payments of up to $2,500 annually
Governor Janet Mills announced today that her student loan relief program–one of the most generous in the nation–has provided more than $140 million in debt relief to Maine people with student loans since its creation three years ago.
In 2022, Governor Mills proposed — and the Legislature approved — a major overhaul of Maine’s student loan tax credit to make it more generous and easier to use and to help retain and attract young workers to Maine and encourage those here already to stay. Eligible Maine residents can be reimbursed through their state tax return for up to…