Debts

Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages. Central Bank of Sri Lanka Governor Nandalal Weerasinghe said there will be no…

Businesses of all sizes are struggling to collect debts because the key contact details they had for each customer before the pandemic have not been updated. Worse, many of those businesses have no mechanisms, systems or policies for…

Zip Co has said it will be more conservative in its lending and will slash $30 million in costs, as the plunge in buy now, pay later (BNPL) share prices ramps up pressure on loss-making operators to show they can make profits.Following a…

Singapore-based AI startup Taiger announced yesterday (April 4) that it would liquidate its holdings in Singapore due to insolvency. Taiger has seen its liabilities exceed its assets by about S$3 million, and appointed Alvarez & Marsal…

The Rev. John Udo-Okon, a Pentecostal minister in the Bronx, has a lot of congregants who are sued by debt collectors and don’t know what to do.Like most of the millions of Americans sued over consumer debt each year, Pastor Udo-Okon’s…

The owner of Gieves & Hawkes has been put into liquidation after initial attempts to find a buyer for the 250-year-old Savile Row brand failed. The British tailor, along with its sister brands Kent & Curwen and Cerutti, faces…

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. It is common to observe that people borrow money to make the respective payment of their debts.…

Breadcrumb Trail Links PMN Business Author of the article: Reuters Julie Zhu and Clare Jim Article content HONG KONG — As developer China Evergrande Group scrambles to meet its debt obligations, its founder is…

Troubled luxury marketplace Reebonz has appointed a provisional liquidate to wind up the company. Notices were taken by the firm’s director Lim Kok Eng in newspaper The Business Times today (Sept 10) to inform creditors that Reebonz is in…

Editor’s note: A growing number of colleges and universities across the country are using money from the American Rescue Plan to clear their current and graduating students’ debt. The American Rescue Plan was signed into law in March…