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CIT officially announced a financial restructuring plan late yesterday; opting as previously reported to offer debt exchanges to bondholders in order to improve liquidity and capital. The company also confirmed that, should the exchanges fail, a voluntary bankruptcy filing could...
Manchester-based debt management provider Baines & Ernst has launched a corporate insolvency division to help struggling firms (more…)
The economic crisis is continuing to take its toll on small business as debtors continue to delay payments or not…
#bad debts#cash-flow#invoice
Research commissioned by Venture Finance has revealed the overwhelming scale of bad debt being suffered by UK businesses at the…
#alternative funding#invoice#risk
Research has revealed the overwhelming scale of bad debt being suffered by UK businesses at the front-line of the recession.…
#alternative funding#Funding Options#invoice
David DiPiero CEO and Director of FGI Finance in the United States talks to Factorscan about dealing with the threat…
#bankruptcy#debt collection#risk
Almost half of Australia's small and medium businesses (SME) plan to reduce or pay off their debt in the next…
Debt recovery has become one of the top priorities to SMEs as cash flow becomes increasingly vital due to reduced…
#cash-flow#debt collection#international
GMAC applies for status as a bank holding company to gain access to a $700 billion Treasury rescue fund. (more…)
#bank#CIT#guarantees
The Chancellor signalled last night that taxes might have to rise if the economic downturn is prolonged. (more…)
#bank#banks#i
Accountants recommend protection against non-payment despite businesses ignoring the potential risk. (more…)
#insolvency#invoice#late payment
The debt advisory service is linking up with Acorn in a bid to expand its product range into more flexible…
#banks#cash-flow#invoice
A Lancashire-based supplier of ground support equipment to airports has completed a management buy-out (MBO). (more…)