Insolvency Guardian Media Centre
Many people head into retirement with unrealistic expectations and assumptions.
Often, it’s a matter of budgeting incorrectly or carrying too much debt. Someindividuals mightmiscalculatehow soon retirement might be thrust upon them, or they don’t have a good mix of assets to help make ends meet.
When these or other assumptions are off base, it can cause anxiety and lead to serious belt-tightening. Here are someof the key questions to ask yourself about your financial preparations, preferably years before you plan to exit the workforce.
1. Is there enoughguaranteed income?
Most Americans receiveguaranteed retirement income in the form of their Social Security benefits. But these payments might not be enough to support a comfortable …
Read the full article at: https://www.azcentral.com/story/money/business/consumers/2021/09/12/you-really-preparing-retirement-5-key-questions-ask/5775993001/
Debt relief is just what it sounds like a potential path to getting out from under serious debt if paying it off the normal way isnt realistic. Rather than filing for bankruptcy, debt relief gives consumers an opportunity to pay off some of their debt rather than all of it.
The reason why some lenders are willing to accept a partial payment is because borrowers who attempt debt relief have already fallen behind on one or more payments, which indicates to lenders they may be at risk of defaulting altogether. Rather than allowing this default to happen and receiving no payment, lenders may agree to take a percentage of the total balance as long as its paid off in a timely manner.
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It is possible to try to reach a debt…
Read the full article at: https://www.digitalmarketnews.com/how-to-qualify-for-debt-relief/
Begin typing your search above and press return to search.
Read the full article at: https://www.sentinelassam.com/business/share-of-insolvency-process-initiated-by-debtors-declining-over-time-554478
Specifically, the suspension of the provisions around wrongful trading will be over and creditors can once again seek to put companies who owe them money into liquidation.
The end of protections has already been delayed numerous times. The UK Government is undoubtedly concerned that ending the protections all at once will lead to a real economic shock. For that reason, further extensions can’t be ruled out, but we do know that the protections are not going to last forever and, when they end, businesses will have to adapt quickly.
Directors need be to asking now, are we prepared?
Read the full article at: https://www.scotsman.com/business/what-directors-need-to-think-about-as-protections-to-prevent-insolvency-wind-down-nicola-ross-3379414
A Liverpool property company that was behind a number of stalled sites now owes buyers over 41m.
Absolute Living Developments (ALD) was behind a string of off plan residential schemes across the north west which were not delivered.
The schemes were heavily marketed toward overseas buyers many of whom lived in the Far East. But the investors began to become concerned when ALD failed to complete property schemes in Manchester and Bradford.
READ MORE:Liverpool property developer Tony Kenny declared bankrupt
Now a report by liquidators Azets has revealed that the company owes buyers 41,506, 570.85 and owes a total of 68,068,995.99 to creditors.
The report also reveals that the Official Receiver initially estimated the company’s liabilitie…
Read the full article at: https://www.liverpoolecho.co.uk/news/liverpool-news/property-company-linked-terraced-street-21513510
Youve had it up to here with your credit card debt and you need professional help. Youve settled on debt relief as a financial strategy but are unclear on the particulars, including how long debt relief takes. Well, weve got you. Here is info on that and more.
What is Debt Relief?
Debt relief, also called debt settlement, is when you pay a company such as Freedom Debt Relief to negotiate with your creditors to allow you to shell out less than what you owe to satisfy your unsecured debts, meaning those that arent attached to collateral. That includes debt from credit cards, medical bills and some types of private student loans and business.
Creditors are motivated to work with you since they know that if you file bankruptcy your other…
Read the full article at: https://pennsylvanianewstoday.com/how-long-does-debt-relief-take/223372/
ARDSLEY, N.Y., September 09, 2021–(BUSINESS WIRE)–Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced a corporate restructuring to reduce costs and more closely align operating expenses with expected revenue. The Company also announced changes to its management team.
Corporate Restructuring
As a result of the restructuring, the Company is reducing headcount by 15%. Most of the reduction in personnel will take place immediately, with the balance completed in the first quarter of 2022.
The Company expects to realize annualized cost savings of approximately $20 million from the headcount reductions and the outsourcing of certain operations, beginning in 2022. Acorda estimates that it will incur approximately $3.0 million of pre-ta…
Read the full article at: https://finance.yahoo.com/news/acorda-therapeutics-announces-corporate-restructuring-120100493.html
US$1.7 trillion. Thats how much college students and graduates owed in federal student loan debt as of July 2021.
The rising amount of student loan debt can pose serious challenges for individual borrowers. For that reason, colleges and universities and even the federal government have been pursuing solutions to alleviate the burden. But what are the best ways to go about student debt relief? Who should qualify? And what practical effect will debt relief have, not only on individual borrowers but society and the economy as a whole?
To answer these questions, The Conversation sought out an array of scholars from economists to philosophers who all specialize to some degree in student loan debt and how it impacts those who borrow.
1. How…
Read the full article at: https://theconversation.com/student-loan-debt-is-crushing-americans-4-essential-reads-166338
The share of #corporate insolvency resolution processes (CIRP) initiated by corporate debtors themselves have declined over the years since the inception of the Insolvency and Bankruptcy Code (IBC). pic.twitter.com/ID18dQz0OM IANS Tweets (@ians_india) September 11, 2021
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Read the full article at: https://www.latestly.com/socially/india/news/the-share-of-corporate-insolvency-resolution-processes-initiated-by-corporate-latest-tweet-by-ians-tweets-2838766.html
The share of corporate insolvency resolution processes (CIRP) initiated by corporate debtors themselves have declined over the years since the inception of the Insolvency and Bankruptcy Code (IBC).
Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that as of March 2017, out of the total CIRPs, seven were triggered by operational creditors, eight by financial creditors and 22 by corporate debtors.
As of March 2021, 2,250 CIRPs were initiated by operational creditors, 1,887 were initiated by financial creditors and corporate debtors had triggered 277 CIRPs.
Further in June 2021, resolution processes initiated by operational creditors rose to 2,313, those by financial creditors stood at 1,942 and corporate debtors had trigg…
Read the full article at: https://www.freepressjournal.in/business/share-of-insolvency-process-initiated-by-debtors-declining-over-time
Foreword from the Chair of the Insolvency Service Board
I am delighted to introduce the Insolvency Services annual plan for 2021-2022, having been appointed Chair of the Insolvency Service Board in April 2021.
This is an exciting and important time for the Insolvency Service as we launch our new five-year strategy. It is my privilege to head up a Board with a broad range of experience and knowledge who will work with Dean and the Executive Leadership Team to lead the Agency forward.
Our published five-year strategy sets out our strategic direction that will ensure the agency can play a central role in supporting the countrys economic recovery from coronavirus (COVID-19). Whilst both the five-year strategy and this Annual Plan are ambiti…
Read the full article at: https://www.gov.uk/government/publications/the-insolvency-service-annual-plan-2021-to-2022/the-insolvency-service-annual-plan-2021-to-2022
(Bloomberg) — Japan Airlines Co. plans to raise about 300 billion yen ($2.7 billion) via subordinated bonds and loans to shore up its capital in case the coronavirus pandemic hurts travel demand longer than it expects.
The Tokyo-based carrier said it secured around 200 billion yen in loans from four Japanese banks and plans to sell 100 billion yen of bonds. The financing is partly a preventive measure to counter the long-term business impact of Covid-19, general manager of finance Yuichiro Kito told reporters.
The funds will also be used to upgrade its fleet by procuring Airbus SEs A350-1000 aircraft as its flagship for international lines, JAL said.
The Japanese carrier suffered big losses in the fiscal year ended March after the coro…
Read the full article at: https://www.bnnbloomberg.ca/once-bankrupt-japan-airlines-raises-2-7-billion-as-covid-buffer-1.1650303