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February 02, 2021 08:30 ET | Source: Bromwich+Smith photo-release Canadians and debt forgiveness Jasmine Marra, Vice-President at Bromwich+Smith, is passionate
Jasmine Marra, Vice-President at Bromwich+Smith, is passionate about de-stigmatizing debt and helping clients rebuild their worth and thrive. The company just released The Debt Forgiveness Survey to probe Canadians attitudes on the topic. Photo Credit: ANCHOR
TORONTO, Feb. 02, 2021 (GLOBE NEWSWIRE) — As much of the country has faced financial hardships throughout the pandemic, the conversation around debt forgiveness has become heightened. A new national survey by Bromwich+Smith highlights Canadian compassion by taking the pulse on which debts they believe should be forgiven.
When asked Do you support or oppose debt forgiveness for…
WASHINGTON, Feb. 02, 2021 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that the firms Corporate Finance & Restructuring segment and its professionals received numerous industry awards and recognitions over the last several months, demonstrating the depth of talent the firm attracts and develops within the segment.
Congratulations to the remarkable group of professionals who helped the Corporate Finance & Restructuring team excel during a tumultuous time, said Michael Eisenband, Global Co-Leader of the Corporate Finance & Restructuring segment at FTI Consulting. We hope to continue this momentum into 2021 as the year presents new changes and challenges …
Ditching debt might seem like an impossible task amid ever-rising household costs, but Effie Zahos says there are simple strategies to get the job done.
The financial commentator and author’s third book, which launches on February 2, aims to take a positive approach to help people move forward by repaying debt and then building wealth through investment.
“If you are in debt you need to start from square one and ask yourself ‘how did I get here, and why?'” Zahos says.
“If you don’t answer the how and why, you will find yourself in the same situation. For example, you pay off the credit card then six months later you’re back with the monkey on your back because you didn’t address the question in the first place.”
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Generally speaking, the process of debt consolidation involves taking out a new, lower interest loan and using it to pay off existing debts. If you improved your credit score since you obtained your current loansor even if you just struggle to remember individual payment datesdebt consolidation can be a great way to streamline loans while reducing your monthly payments.
Well walk you through the debt consolidation process and help you determine whether a debt consolidation loan or balance transfer credit card is a good fit for your financial needs.
Real estate firm The Agency has ended a brief stint in administrationafter successfully fighting off a claim made by a former director.
Director of investment group Magnolia, Mitchell Atkins, a former director at The Agency, appointed voluntary administrators BDOon January 19to pursue the real estate firm over a disputed fee of about $385,000, which he alleged The Agency had refused to pay.
Magnolia also said it had lost confidence in The Agency Groups board and its unknown financial position.
However, no creditors came forward in the federal court on Monday, and theadministration ended later that day, according to an ASX statement released by The Agency.
It comes as the Australian Government Takeovers Panel ruled an earliertakeover b…
Scott MacDonald, Opinion contributorPublished 5:00 a.m. ET Feb. 1, 2021
Forgiving student debt to help the economy is a hard sell. And how do you decide whose loan to forgive? There are complex fairness issues to weigh.
What should be done aboutAmerica’s$1.6 trillion in outstanding student debt?There is more student debt than credit card debt or any other kind of debt except mortgage debt.
With so much debt and comparatively lowincreasesin wages, more debt is in arrears. About 11% of student loans are delinquent or in default.With so much debt, graduates are unable to participate fully in th…
Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on the 2020 corporate and personal insolvency statistics for England and Wales:
Corporate insolvencies
There were 12,557 underlying corporate insolvencies in 2020 a fall of 27.1% from 2019s figure of 17,224.
Underlying corporate insolvency numbers increased by 16.9% between Q3 and Q4 2020.
The annual reduction in corporate insolvency levels to the lowest total figure for more than a decade has been driven by a decrease in all types of company insolvency. The most significant factors behind it are the support measures the Government has introduced for businesses since the onset of the …
BELGRADE (Serbia), February 1 (SeeNews) Serbia’s Bankruptcy Supervision Agency is inviting bids for the sale of assets of insolvent bus transport company ATP Vojvodina, it said.
The assets of ATP Vojvodina, with a combined estimated value of about 5.3 million euro ($6.4 million) will be offered for sale in three lots andinterested investors will be able to place their bids until March 17, the Bankruptcy Supervision Agency said in a statement on Saturday.
The list of assets put up for sale includes a bus station, buildings anda filling stationin Novi Sad.
ATP Vojvodina was declared bankrupt in January 2020.
A Maltese-British man who recovered from a gambling addiction more than 10 years ago, is leading a campaign to force the UK government to ban betting firms from football shirt sponsorship.
Matt Zarb-Cousin was hooked on slot machines in betting shops from the age of 16, racking up a gambling debt of 20,000 (22,600) in four years before he overcame his addiction.
The 31-year-old played a major role in the campaign for the UK government to reduce the maximum stake on fixed-odds betting terminals (FOBTS) to 2 and now his sights are set on betting sponsorship in football.
Over the past few years, I have seen that gambling has become a public health issue, he told Times of Malta.
Since the launch of Clean-Up Gambling in April 2020, we have r…
Ditching debt might seem like an impossible task amid ever-rising household costs, but Effie Zahos says there are simple strategies to get the job done.
The financial commentator and author’s third book, which launches on February 2, aims to take a positive approach to help people move forward by repaying debt and then building wealth through investment.
“If you are in debt you need to start from square one and ask yourself ‘how did I get here, and why?'” Zahos says.
“If you don’t answer the how and why, you will find yourself in the same situation. For example, you pay off the credit card then six months later you’re back with the monkey on your back because you didn’t address the question in the first place.”
Small businesses have been urged to secure their assets and business loans on the Australian governments register of security interests ahead of an anticipated rise in insolvencies.
Australian Small Business and Family Enterprise Ombudsman Kate Carnell believes many small businesses are not fully utilising the Personal Property Securities Register (PPSR) as protection in the event of an insolvency.
Given the incredibly tough past 12 months weve had and predictions of a wave of insolvencies to come, PPSR has never been more important, Ms Carnell said.
Many small businesses are not aware that correctly registering their interests can save them a world of pain in the long run.
So many small businesses have invested heavily in their busin…
A West Clare construction company is facing liquidation after the High Court was told examiners will not be able to save the business.
The Currency reports that Keating Construction in Kilmihil will be wound up having faced debts of around 30 million.
The firm employs around 150 workers and had been contracted to conduct building works on the new county library project in Ennis this year.
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This contract was terminated once the company entered examinership, and a new contractor is being sought by the local authority under a fresh tendering process.
Its believed a related company, Kilmihil Rental Store, a specialist plant and equipment business, will also be liquidated.
