Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Empowering thousands with faster settlements, Mackay's AI-driven innovation is reshaping the debt resolution process and fostering financial freedom. IRVINE, CA
Four out of ten people in the world live in a country that spends more money servicing the interest on its sovereign debts than it does on education or health care. Such figures may feel abstract to creditors, which are primarily wealthy countries, multilateral banks, and large bondholders, but they could not be more consequential to debt-burdened countries. Every dollar spent repaying sovereign debt is a dollar that could have been spent on public services—building roads, fixing schools, climate-proofing infrastructure, paying doctors and civil servants. It’s in this way that repayment schemes, many of them predatory, help keep developing countries under the weight of debts that seem unshakeable.
LONDON – Atrato Onsite Energy plc has published a circular regarding its upcoming General Meeting, scheduled for December 13, 2024, at the offices of Stifel Nicolaus Europe Limited in London. The company has proposed a members’ voluntary liquidation following the sale of its solar asset portfolio, which was completed on November 8, 2024.
Shareholders will vote on a resolution to approve the voluntary winding up of the company and the appointment of Derek Neil Hyslop and Richard Peter Barker from Ernst & Young LLP as joint liquidators. The liquidation aims to distribute cash proportionally to shareholders after settling the company’s liabilities and costs associated with the liquidation process.
A nationwide solar power company that was founded in Christchurch has been put into liquidation, leaving some customers worried about the contracts they have signed with the business.
SolarZero – which offers customers solar power systems with no upfront cost but an ongoing, multi-decade lease – said the directors had requested its shareholder appoint a liquidator.
It said directors had requested its senior lenders take enforcement action, and appoint another provider Verofi, to ensure power service for customers was not interrupted.
“The directors have advised company employees that due to unsustainable operating losses, and liquidity constraints, the business is unable to continue trading in its current…
Empowering thousands with faster settlements, Mackay’s AI-driven innovation is reshaping the debt resolution process and fostering financial freedom.
IRVINE, CA / ACCESSWIRE / November 27, 2024 / Renowned entrepreneur Ariyo Mackay, founder and CEO of Amity One Debt, has unveiled an innovative platform that harnesses artificial intelligence and machine learning to streamline debt settlements. With over $50 million in debt already resolved for clients, this cutting-edge technology is set to make financial relief more attainable for individuals across the United States.
Ariyo Mackay’s journey to founding Amity One Debt was fueled by a personal experience-witnessing a trusted friend fall victim to a fraudulent debt…
When a construction company goes bankrupt, consumers often lose their deposits and are left with half-finished homes. As unsecured creditors, they sit at the bottom of the priority list during insolvency proceedings. While builder insurance is mandatory in most states, it offers limited protection – claims cannot be filed until five weeks post-insolvency, and coverage is often capped at 20% of the build’s value.
Let’s begin with debt. How serious is Africa’s debt situation?
I prefer to say that Africa has a liquidity access problem, which is a debt servicing issue. Compared with other regions globally, African economies are the least financed. As a result, they have difficulties rolling over their debt.
African economies also have difficulties funding structural reforms. Africa’s dependency on FDI [foreign direct investment] is very much influenced by interpretations of risk that are not aligned with reality because the return on investment in Africa is higher than in other regions.
Also, Africa is the only region where credit rating agencies apply national ratings across all activities. For instance, if country X has a bad rating, an…
Dutch e-bike maker Stella has gone bust, three days after filing for court protection from creditors, because it can no longer meet its financial obligations.
The shops and service points have been closed and curator Frans van Oss has promised to give customers who have paid for a bike but not yet received it clarity by November 15.
Several potential buyers have come forward and talks are continuing about a restart, Van Oss said in a website statement.
DMEP, the investment firm behind the brand, said it is “no longer responsible” to put more money into the company, the Financieele Dagblad reported earlier this week.
Stella was founded in 2011 and grew into one of the…
With a mission to break the cycle of debt, Ariyo Mackay’s latest innovation uses AI to speed up settlements, empowering thousands toward financial freedom
NEWPORT BEACH, CA / ACCESSWIRE / November 27, 2024 / Ariyo Mackay, CEO and founder of Amity One Debt, announces the launch of a groundbreaking AI and machine learning platform designed to expedite debt settlements and provide substantial financial relief to thousands. With a proven track record of assisting individuals in reclaiming financial stability, Amity One Debt has already settled over $50 million in debt. This new technology aims to make debt resolution more accessible and efficient for clients nationwide.
A seasoned financial entrepreneur, Mackay founded…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
The owner of one of Europe’s largest sawmills filed for insolvency in German court last Wednesday, BR24 reported (11-22-24).
According to announcement on Friday by the law firm Schultze & Braun, after the parent company Ziegler Holding GmbH filed for insolvency on Wednesday, the first individual companies of the group are now following. Accordingly, Ziegler Holzindustrie GmbH, based in Plößberg, filed for insolvency in a…
