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CIT provides US$125m factoring and revolving credit line as...

CIT will provide a committed factoring line of up to (more…)

#bankruptcy#CIT#working capital

KPMG settles Finance Credit claims

International accounting firm KPMG has agreed to pay creditors of defunct Finance Credit (more…)

#bankruptcy#banks#interest


The Better Payment Practice Group launches DiAgnostic questionnaire to...

The Better Payment Practice Group (BPPG) has added a new diagnostic questionnaire to (more…)

#bankruptcy#cash-flow#insolvency


Insolvency statistics for Q2 2005

Quarterly figures for company and individual insolvencies were published today. The figures show that company and individual insolvencies have (more…)

#bankruptcy#insolvencies#insolvency


Experts warn bankruptcy laws 'spare fraudsters'

Under the Enterprise Act, which recently celebrated its first anniversary, the government reduced the bankruptcy period from three years to…

#bankruptcy#trade#Two


Small businesses face tougher bankruptcy rules

The new federal bankruptcy law not only makes it harder for individuals to avoid repaying their debts, it also imposes…

#bankruptcy#guarantee#small business


Company insolvencies the lowest ever rate while personal insolvencies...

During the third quarter of 2004, soaring levels of personal insolvency in England and Wales have increased by 6.2% on…

#bankruptcy#banks#insolvencies


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…

#bankruptcy#banks#insurance


Polish banks eye SME market

The attention of Poland's banking sector has started to shift to small- and medium-sized firms (SMEs). Consisting of 1.8million active…

#bank#bank loan#bankruptcy


Business failures set to hit 6-year low in 2005

According to a report published today by the business advice group BDO Stoy Hayward, the number of bankruptcies is set…

#bankruptcy#British business#economy


Banks braced for impact of bad SME loans

Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…

#bank#bankruptcy#banks


GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…

#bankruptcy#commercial finance#economy

Steelmaker seeks bankruptcy protection to restructure with syndicated finance

Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing…

#bankruptcy#CIT#commercial finance

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