Insolvency Guardian Media Centre
Image: Science Museum’s Science Fiction Exhibition (Elmwood Projects Ltd)
The Glasgow company, which had a long history of museum and heritage fit-outs, calls in liquidators after 50 years in business.
…
Read the original article here
Basic budget apps typically connect with your financial accounts, track spending and categorize expenses so you can see where your money is going. But many apps do much more than that.
The best budget apps
A smart view of your financial health
Get a quick read on how you’re set up to meet expenses and money goals.
YNAB, for hands-on zero-based budgeting
Why we recommend it: This app is designed so that users plan ahead for their financial decisions, rather than track past transactions. YNAB follows the zero-based budgeting system, which has you make a plan for every dollar you earn.
As soon as you get paid, you tell YNAB how much of your income should go toward various categories, including spending, savings and debt. The idea is that you…
Read the original article here
ReutersProperty giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens.
It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors.
The move comes as problems in China’s property market add to concerns about the world’s second largest economy.
China Evergrande Group made the Chapter 15 bankruptcy protection filing in a New York court on Thursday.
Chapter 15 protects the US assets of a foreign company while it works on restructuring its debts.
Evergrande did not immediately respond to a request for comment from the the BBC.
The group’s real estate unit has more than 1,300 projects in more than 280 Chinese cities,…
Read the original article here
The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed.
The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business.
“We are in the very early stages of our administration process, and our focus right now is on speaking with the Australian and US-based teams and getting across all the relevant operational and financial data,” said Resnick.
He added that it is still “too early” to comment on the details of the company’s financial position. The…
Read the original article here
The following article appeared in the August 12, 2024, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.
All of the state’s biggest hospital systems — including Atrium Health and Novant Health — have opted into a new medical debt relief initiative that aims to wipe out old medical debt for up to 2 million North Carolinians.
The program promises higher federal payments to hospitals that agree to forgive medical debt deemed uncollectable for low- and middle-income patients.
Hospitals must also provide charity care and specific discounts to low-income patients based on their income, take proactive steps to make sure eligible…
Read the original article here
Highlights
- John Arne Riise’s playing career saw him win the Champions League with Liverpool in 2005.
- But the Norway international was declared bankrupt in 2007.
- Riise has turned things around in recent years, with financial support and punditry.
John Arne Riise’s legacy on the pitch sees him remain a modern Norwegian great who has a number of distinguished honours under his…
Read the original article here
On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise and enhance the competitiveness of Luxembourg’s insolvency framework. The bill has been under discussion for a number of years and aims to curtail the use of bankruptcy as an insolvency solution in favour of the preemptive preservation or reorganisation of financially distressed companies. It implements Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks into national law.
The New Insolvency Law has come into force on 1 November 2023 and introduces novel…
Read the original article here
All Qualifying North Carolina Hospitals Are Joining Debt-Reduction Effort, Governor Says U.S. News & World Report
Read the original article here
Companies are collapsing at the fastest clip in years, as soaring interest rates push their borrowing costs sharply higher, while slowing economic activity is causing sales to languish.
The move by troubled US chemist chain Rite Aid Pharmacy to file for bankruptcy on Sunday has added another name to the list of US corporate casualties for 2023.
Loading…
Read the original article here
Gold Coast build company owes $500k to 22 staff – in liquidation Gold Coast Bulletin
Read the original article here
Expanded pilot project planned to help munis pay Eskom as arrear debt continues to rise Creamer Media’s Engineering News
Read the original article here
The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into liquidation pursuant to a petition filed by the Commissioner of Insurance.
The court ruled MAX to be insolvent on August 22, two weeks after the company’s board of directors consented to an Order of Rehabilitation. After further evaluation of the company’s solvency, the court determined that liquidation is necessary to pay outstanding liabilities.
MAX had consistent underwriting losses, lack of reinsurance, and a declining surplus that posed a hazard to its policyholders, creditors, and others, the court judgment.
Founded in 2001, Overland Park-based MAX concentrated on homeowners and farms…