• More than 1,000 directors disqualified following Insolvency Service investigations.  

• Of these, 736 were banned for Covid loan abuse. 

• The report also highlights the average length of a ban was eight years.  

Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse.  

The Insolvency Service enforcement outcomes report for 2024-25 was published on 14 April 2025.  

The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years.  

The report also shows that there have been 131 bankruptcy restriction orders put in place, 87 of…

With the average American carrying nearly $8,000 in credit card debt and card rates hovering near historic highs, debt-related stress has become a daily reality for millions of households. In today’s high-rate, inflationary landscape, even the most modest credit card balance can result in a constant juggling act of minimum payments, late fees and growing balances. And, when that…

The Board of Education for the School District of Belleville has approved a Debt Management Task Force that will meet in September. The charge of the task force is to review the District’s debt management policy and then make recommendations to the Board that will guide its future debt management.  For more details on the task force, go to https://tinyurl.com/3tj5tx2w.

Task force membership applications are being accepted through noon on July 31. The application may be found at https://tinyurl.com/2svt2hk4.

For any questions regarding the task force, contact Belleville District Administrator Jim Schmitt at [email protected] or by calling 608-835-6120, extension 3440.

Eligibility to be on the Debt Management Task Force…

It’s the official end of an ambitious project launched nearly fifteen years ago: the court in Changsha, Hunan province, has declared the Gac-Fiat Chrysler joint venture bankrupt, putting a definitive end to the industrial presence of Stellantis via this entity in China.

This joint venture, created in 2011 at the instigation of Sergio Marchionne, was to enable Fiat Chrysler to conquer the world’s largest automobile market alongside Chinese giant GAC Group. At the time, the ambitions were immense: 17 billion yuan in investment (around 2.3 billion euros), two plants in Guangzhou and Changsha, a capacity of 300,000 vehicles a year, and a range adapted to local tastes, including Jeep Renegade, Compass, Cherokee and the Fiat…

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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:

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Debt Restructuring Accounting (HK) Provides Expert Financial Recovery Services with Proven Track Record of Success
HONG KONG – In an era where economic uncertainties continue to impact businesses and individuals across Hong Kong, Debt Restructuring Accounting (HK) [https://www.hkdebtra.com/] emerges as a beacon of hope for those facing overwhelming debt burdens. The professional financial services firm, operating from its strategic location in Mong Kok, has established itself as Hong Kong’s premier destination for comprehensive debt restructuring solutions.

Transforming Financial Distress into Opportunity

With mounting financial pressures affecting countless Hong Kong residents and businesses, Debt…

TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs.

Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in liabilities of at least 10 million yen ($63,000) in 2024 jumped over 30 percent to 72, up from 53 in 2023, Teikoku Databank Ltd. said.

Japanese ramen soup noodles typically combine meat and vegetable toppings with broth. Despite rising costs, the average price of a bowl of ramen is still under 700 yen, according to Teikoku Databank. A popular lunchtime…

AMC stock surges after Wedbush upgrade and box office recovery sparks investor hope- AMC stock is back in the spotlight after a fresh upgrade from Wedbush Securities sent shares higher. On Friday, July 11, AMC Entertainment Holdings Inc. (NYSE: AMC) rose more than 7%, touching $3.30, as analyst Alicia Reese changed the stock rating from Neutral to Outperform and raised the price target to $4, signaling a 33% upside. This shift in sentiment comes as the movie theater giant navigates an improving box office environment and clears major debt hurdles, renewing optimism in a sector long considered high-risk.

Is the improving box office finally helping stock bounce back?

The key factor driving AMC’s stock momentum is a more stable and…

When you’re living on a low income, even a small credit card balance or unexpected medical bill can feel like a financial emergency. Owing money when you can barely cover rent and groceries is incredibly stressful, and as the interest charges pile up and the late fees kick in, that debt can feel impossible to manage. But in today’s high-rate, inflationary environment, this situation is not uncommon. Lots…