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Following a brief pause during the COVID-19 pandemic when consumers reined in credit card spending, Americans are once again piling up the…

MicroStrategy (MSTR) stock is soaring alongside Bitcoin. In the wake of extreme confidence, we fear many MicroStrategy investors fail to grasp the inherent risks with its unique convertible bond funding and leverage scheme. A recent podcast featuring Tom Lee presented some positive facts about MicroStrategy’s recent convertible bond offering but failed to tell the whole story. Left out of Tom Lee’s enthusiastic outlook is that the “novel strategy” can also bankrupt the company. 

While Bitcoin may continue higher, proving MicroStrategy’s CEO Michael Saylor a genius, investors should at least appreciate what may happen if things do not go according to plan. We now present the other side of the story.  

What is…

Gareth was selected as Legal Advisor of the Year from hundreds of advisors across the UK, in recognition of his work within the business recovery sector.

TOP STORY: New Somerset Bakery opens on Lisieux Way in Taunton

Buckley said: “Winning this award is a testament to our team’s dedication to guiding business owners through financial challenges and supporting them in building stronger, more resilient businesses.”

TOP STORY: Top 10 best secondary schools in Somerset for 2024

He later added: “As someone deeply rooted in the Taunton area, my role as Treasurer of the Taunton Round Table allows me to contribute actively to local initiatives and I am proud to be part of a community that values growth, resilience…

South Australian early childhood education and care (ECEC) Precious Cargo has been wound up with liquidator’s appointing Heard Phillips Lieberenz to manage the business until new buyers are found. 

Precious Cargo was founded in 2006 by Cheryl Shigrov and operates seven ECEC centres across the Adelaide metropolitan area that offer a Montessori program to children aged 0 to 5 years old. 

A recent filing with ASIC confirms the development, with members resolving to wind up the company and appointing James Stuart McPherson liquidator. 

Liquidator appointments usually occur at the end result of an extended period of time during which the company has found it increasingly difficult to meet its external debt related obligations…

By Kopano Gumbi

JOHANNESBURG (Reuters) – United Nations Secretary-General Antonio Guterres said on Wednesday that existing debt relief mechanisms were far from adequate to address global vulnerabilities, calling on the Group of Twenty nations to do more to deliver financial justice.

Guterres made the comments during a visit to South Africa, which became the first African country to lead the G20 when it took the helm of the international forum of developed and developing economies this month.

The G20’s “Common Framework”, a debt relief architecture launched during the COVID-19 pandemic to help heavily-indebted countries get back on track quickly, has been criticised following slow restructurings in countries including Zambia.

“I recognise…

JOHANNESBURG – United Nations Secretary-General Antonio Guterres said on Wednesday that existing debt relief mechanisms were far from adequate to address global vulnerabilities, calling on the Group of Twenty nations to do more to deliver financial justice.

Guterres made the comments during a visit to South Africa, which became the first African country to lead the G20 when it took the helm of the international forum of developed and developing economies this month.

The G20’s “Common Framework”, a debt relief architecture launched during the COVID-19 pandemic to help heavily-indebted countries get back on track quickly, has been criticised following slow restructurings in countries including Zambia.

“I recognise all the efforts the…

United Nations Secretary-General Antonio Guterres has expressed serious concerns over the adequacy of current debt relief mechanisms, calling for urgent reforms by the Group of Twenty (G20) nations. Speaking at an event in Johannesburg, Guterres offered scathing criticism of the G20’s ‘Common Framework’, introduced during the COVID-19 pandemic, as being insufficient for addressing global debt issues.

During a visit to South Africa—the first African nation to lead the G20—Guterres underscored the need for meaningful solutions that allow countries to meet basic needs and strive for long-term development. His remarks suggest a definitive call to action for enhancing the capacity of multilateral development banks and ensuring…

Overview

The pandemic has created significant financial and operating challenges for all Australian businesses. While interim government fiscal support measures, and temporary changes to the insolvency regime such as the six month suspension of insolvent trading liability for directors, have helped to calm the storm and delay mass new insolvency filings, the fiscal cliff is fast approaching and the final quarter of 2020 will see an influx of insolvencies that will last well into 2021.

In this landscape, it is important for financiers to assess the insolvency risk across their loan and investment portfolios and consider their enforcement options and liability implications to ensure they are prepared for what lies ahead.

We…