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Scotland's new Debt Arrangement Schemes will protect creditors from judgment enforcement except in special circumstances. The schemes will apply where the debtor is either an individual or sole trader. So if you advance credit to such a person who has...
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Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its…
Start-up businesses were badly hit by the tough economic environment last year, as evidenced from the sharp increase seen in…
Bank Negara Malaysia will start promoting its Small Debt Resolution Scheme (SDRS) to small- and medium-scale enterprises (SMEs) by the…
#bank#banks#conference
A company supplying shock absorbers to car makers had secretly imposed a "waterfront-style" corporate restructure to avoid paying almost $4…
John Fredriksen, best known for being the world's largest tanker owner, has boosted his stake in debt collection agency Aktiv…
Bohuslav Sobotka, the finance minister, says that the cabinet has approved the ministry’s proposal to wind up the state-owned debt-factoring…
Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on…
#management
Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A'…
The Export Credits Guarantee Department (ECGD) is set to resume cover for UK exporters and investors to Libya after a…
#exporters#international#risk
Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…
#bank#bank loan#conference
Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…
#bank#bankruptcy#Commerzbank