Insolvency Guardian Media Centre
The scheme, running until June, targets residents, businesses, indigent households, and deceased estates.
Incentives include partial debt write-offs, interest waivers, and discounts on recreational facilities.
The city hopes to curb electricity meter tampering and boost revenue collection, currently below the 95-percent target.
“Various municipal customers, including government departments, big business and residential customers, owe Tshwane a cumulative R30 billion. This amount is staggering and impedes effective service delivery,” Deputy Mayor Eugene Modise said on Tuesday.
“It is against this backdrop that the City of Tshwane decided to implement a debt-relief programme, whose aim, inter alia, is to provide financial relief…
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Compulsory liquidations hit decade-long high as firms face rising costs MSN
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Compulsory liquidations hit decade-long high as firms face rising costs MSN
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Compulsory liquidations hit decade-long high as firms face rising costs MSN
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The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.
Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.
Compulsory liquidation is when a firm is ordered to shutter by a court because it is unable to pay its debts.
Meanwhile, the number of overall companies closing down fell 7% compared to the same month last year, at 2,035.
That figure, however, includes firms that have chosen to shutter, rather than being forced to stop trading because of having run out of money.
There were 1,520 creditors’ voluntary liquidations, 115 administrations and seven…
Read the original article here
The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.
Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.
Compulsory liquidation is when a firm is ordered to shutter by a court because it is unable to pay its debts.
Meanwhile, the number of overall companies closing down fell 7% compared to the same month last year, at…
Read the original article here
The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.
Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.
Compulsory liquidation is when a firm is ordered to shutter by a court because it is unable to pay its debts.
Meanwhile, the number of overall companies closing down fell 7% compared to the same month last year, at 2,035.
That figure, however, includes firms that have chosen to shutter, rather than being forced to stop trading because of having run out of money.
There were 1,520 creditors’ voluntary liquidations, 115 administrations and seven…
Read the original article here
The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data.
Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said.
Compulsory liquidation is when a firm is ordered to shutter by a court because it is unable to pay its debts.
Meanwhile, the number of overall companies closing down fell 7% compared to the same month last year, at 2,035.
That figure, however, includes firms that have chosen to shutter, rather than being forced to stop trading because of having run out of money.
There were 1,520 creditors’ voluntary liquidations, 115 administrations and seven…
Read the original article here
Insolvency-related activity increases across Sussex and South East region SussexWorld
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Deepinder Goyal-led food delivery giant Zomatois now facing an insolvency plea filed by uniform supplier Nona Lifestyle, which claims the food delivery platform owes Rs 1.64 crore in unpaid dues.
According to a Bar & Bench report, The National Company Law Tribunal (NCLT) has adjourned the case to April 3, requesting the petitioner to clarify its next steps.
Non-payment of multiple orders
The report said that Nona Lifestyle, a B2B apparel manufacturer, initiated the corporate insolvency resolution process (CIRP) over alleged non-payment for multiple orders placed by Zomato in 2023. The disputed items include rider uniforms, trousers, and ICC World Cup 2023 merchandise.
Nona…
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Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast.
In this episode of Stocks in Translation, New York Stock Exchange Senior Market Strategist Michael Reinking joins Markets and Data Editor Jared Blikre and Yahoo Finance Anchor Madison Mills to discuss the phrase ‘terming out’ and how it is an important strategy in debt management.
Plus, Blikre gives producer Sydnee Fried a basic overview of candlestick charts and analyzes stocks like Tesla (TSLA), Palantir (PLTR), and Peloton (PTON).
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio….
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Controversial preschool group KleuterZone placed into provisional liquidation News24