The gender gap in computing is getting worse. According to the national nonprofit Girls Who Code, in 1995, 37 percent of computer scientists were women. Today, its only 24 percent. And, the biggest drop off of girls in computer science is between the ages of 13 and 17.
Insolvency Guardian Media Centre
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.
My parents divorced when I was very young due to my father being a physically and emotionally abusive alcoholic and drug addict.
Although my brother and I spent sporadic weekends with him when we were in elementary school, I stopped visiting him during my middle-school years, and cut off all contact when I turned 18.
Hes getting older now and Ive kept tabs on him through mutual friends and family. I know hes been unemployed for 20 years and would be homeless if it wasnt for his girlfriend, whom he lives with, although it sounds like she recently kicked him out.
He still drinks and smokes heavily and from what I understand, and he abuses other drugs as well. I think he has outstanding gambling debts as well as debt for bail bondsmen, parki…
Read the full article at: https://www.marketwatch.com/story/my-deadbeat-dad-arrived-at-my-brothers-communion-high-on-cocaine-he-punched-the-cab-driver-am-i-liable-for-his-end-of-life-care-11631668308
Garuda Indonesia expects to launch a UK scheme of arrangement as part of a restructuring in which it is looking to remove nearly 80 aircraft from its fleet and renegotiate or cancel orders for more than 90, Cirium understands.
To implement the restructuring of the groups aircraft lease arrangements and potentially its other debts, the company expects to launch a UK scheme of arrangement, states a slide, viewed by Cirium, from a 7 September townhall attended by lessors.
Garuda plans to return a significant number of its widebody aircraft, including types whose lease rates and values are already depressed.
The airline plans to remove all 10 Boeing 777-300ERs from its fleet, as well as all seven of its Airbus A330-200s.
It leases two o…
Read the full article at: https://www.flightglobal.com/strategy/garuda-to-restructure-under-uk-scheme-of-arrangement/145470.article
Youve decided that debt settlement would be a good way to solve your mounting credit card debt woes as well as to avoid bankruptcy. But in this industry, its vital to choose an established, reputable firm to help you navigate debt settlement. Is Freedom Debt Relief a good company? Lets look.
What is Debt Relief?
Lets start there. Also called debt settlement, debt relief is when you hire a company such as Freedom Debt Relief (FDR) to go to your creditors on your behalf and get them to let you pay a portion of what you owe to satisfy your unsecured debt. Should you file bankruptcy, which is your other option, your creditors get nothing. Thats why theyll likely work with you.
What is Freedom Debt Relief?
Its the nations largest debt sett…
Read the full article at: https://www.cofmag.com/2021/09/is-freedom-debt-relief-a-good-company/
Steinhoff’s legal team says the main proceedings cannot start until all the applications, including an appeal to the Supreme Court of Appeal, have been heard.
Edrea du Toit
- The first day of a court hearing into whether retailer Steinhoff is insolvent was taken up with new intervention bids, arguments to postpone the matter, and applications to appeal earlier rulings.
- Lawyers for Tekkie Town, which is bringing the winding-up application, argued it was time to “get the matter on the road”.
- But Steinhoff’s legal team says the main proceedings cannot start until all the applications, including an appeal to the Supreme Court of Appeal, have been heard.
A slew of new intervention applications may further delay the start of a court bid t…
Read the full article at: https://www.news24.com/fin24/companies/slew-of-new-intervention-bids-may-delay-start-of-steinhoff-liquidation-case-20210914
The High Court has approved a personal insolvency arrangement (PIA) that will allow a 52-year-old man write off approximately 1.38 million in debt owed to a financial fund.
Under the terms of the arrangement, Alan Jenkins, who had debts of approximately 2.5 million, will see that sum reduced to zero after he agreed to surrender 10 properties he owns to his secured creditor Havbell DAC.
The properties are located mainly in various towns in the midlands, and in Dublin. The 10 properties will be sold off, with the proceeds going towards reducing his debt to the financial fund.
It is estimated that the sale of the properties, along with other terms of the PIA, will reduce the amount owed by Mr Jenkins by approximately 1.2 million.
Rented ac…
Read the full article at: https://www.irishtimes.com/business/commercial-property/landlord-hands-over-10-properties-in-insolvency-deal-1.4673865
Tuesday, September 14, 2021
The UK governmenthas announcedthat temporary restrictions on creditor action introduced in the Corporate Insolvency and Governance Act 2020 are to be phased out. These temporary restrictions were put in place to protect businesses in financial distress, as a result of the coronavirus (COVID-19) pandemic, from being forced into insolvency.
The current restrictions on the service of statutory demands and presentation of winding-up petitions by a companys creditors are to be lifted on 1 October 2021, save that, until 31 March 2022, certain restrictions imposed on commercial landlords will apply. Additionally, certain new temporary restrictions on the presentation of winding-up petitions are to be introduced.1
As…
Read the full article at: https://www.natlawreview.com/article/covid-19-uk-government-announces-end-temporary-restrictions-certain-insolvency
Nitin Jain is the official liquidator for PSL Group — recently liquidated as a going concern.
In an effort to maximise the value of a company undergoing insolvency proceedings, the bankruptcy court has allowed for liquidation of the company as a going concern. This amendment tries to stitch all the assets of the company as a whole, in a last-mile attempt to save the business as a whole. Explaining how the newly introduced liquidation process works, Nitin Jain, Senior Partner at AAA Insolvency Professionals LLP, said that the main objective is to maximise value for creditors. Nitin Jain is the official liquidator for PSL Group recently liquidated as a going concern.
PSL, a manufacturer of pipes used in the oil and gas sector, became a…
Read the full article at: https://www.financialexpress.com/industry/liquidation-as-a-going-concern-an-effort-to-maximise-value-and-save-firms-under-insolvency-interview/2329836/
A used car salesman banned for nine years after failing to pass on 750,000 to customers from the sale of 47 vehicles.
Steven Edwin Prosser (60), from Broxbourne, Hertfordshire, was appointed a director of Sell Your Car With Us in May 2016. The company sold used cars and traded from premises on Hare Street in Buntingford, Hertfordshire.
Three years later, Sell Your Car With Us entered into liquidation in September 2019. The companys insolvency triggered an investigation by the Insolvency Service.
The Insolvency Service issued a statement, which said: Sell Your Car With Us entered into agreements with customers to sell their vehicles for a commission before paying the customers within 14 days of the completed transaction.
Investigators…
Read the full article at: https://www.motortrader.com/motor-trader-news/automotive-news/insolvency-service-bans-used-car-salesman-nine-years-14-09-2021
But, a brand new event, called the Tech Astra Summit, is working to close the gender gap in technology. Hosted by State Farm, Tech Astra (meaning, star) is a one-day, virtual summit to engage 4th-8th grade girls across the country in science, technology, engineering and math.
Tech Astra will be held from 10 a.m.-1 p.m. Saturday, Oct. 2. on Zoom.
Virtual participants will:
Engage in hands-on labs in the …
Read the full article at: https://jg-tc.com/news/local/education/registration-open-for-upcoming-virtual-technology-summit-for-girls/article_289b4153-a3ef-5b12-9fa1-f40cae8d97f5.html
HONG KONG/SHANGHAI, Sept 14 (Reuters) – Cash-strapped property group China Evergrande Group (3333.HK) said on Tuesday it has engaged advisers to examine its financial options and warned of default risks amid plunging property sales, sending its stock and bond prices sharply lower.
The real estate giant has been scrambling to raise funds it needs to pay lenders and suppliers, with regulators and financial markets worried that any crisis could ripple through China’s banking system and potentially trigger wider social unrest.
In the latest development, Evergrande said two of its subsidiaries had failed to uphold guarantee obligations for 934 million yuan ($145 million) worth of wealth management products issued by third parties.
That could “l…
Read the full article at: https://www.reuters.com/business/china-evergrande-warns-further-property-sales-drop-liquidity-crunch-2021-09-14/
Property giant China Evergrande Group has said that it cannot sell properties and other assets fast enough to service its massive $300bn debts, and that its cashflow was under tremendous pressure.
Only hours after angry investors besieged its Shenzhen headquarters and the company denied it was set for bankruptcy, Evergrande issued a statement to the Hong Kong stock exchange saying that a significant drop in sales would continue this month, which was likely to further deteriorate its liquidity and cash flow.
The company blamed ongoing negative media reports for dampening investor confidence, resulting in a further decline in sales in September usually a strong month for sales in China.
Evergrande also said two of its subsidiaries had failed…
Read the full article at: https://www.theguardian.com/world/2021/sep/14/china-property-giant-evergrande-admits-debt-crisis-as-protesters-besiege-hq
TheMustard Seed has declared bankruptcy and announced it is closing its doors.
In an email to members sent Monday and obtained by CBC, the boardsaysits unsecured debts exceedits assetsby “well over $300,000.”
“On declaration of bankruptcy the volunteer board had to resign,” the email said. “All the staff have lost their jobs. This is an unfortunate impact of the bankruptcy.”
In a post on Instagram that starts with “FAREWELL,” the Hamilton co-op thanked supporters and said “the lights are now off.”
“It is very difficult to be writing this as there are so many things left to say,” it reads. “It’s been a pleasure to have served you for the last 7+ years.”
CBC has reached out to the co-op and its board for comment.
The co-op is located o…
Read the full article at: https://www.cbc.ca/news/canada/hamilton/mustard-seed-cop-op-closed-1.6159353