Debt collection giant Panthera puts large parts of its business into administration | Debt collection
Major private debt collector Panthera Finance has appointed new directors and put parts of the company into administration as it seeks to sell off its scandal-plagued business. Last month, Guardian Australia revealed Panthera, one of the country’s biggest private debt collection firms, had circumvented a blacklisting designed to stop it from operating in Victoria and […]
Potbelly (NASDAQ:PBPB) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We can see that Potbelly Corporation (NASDAQ:PBPB) does use debt in its business. But is this debt a concern […]
Will rising debt cause Thames Water to sink under a Labour government? | Thames Water
If Labour triumphs in this week’s election, as polls suggest, then top of the incoming business secretary Jonathan Reynolds’s in-tray will be the possible collapse of Thames Water. The Thames timebomb is ticking – and could explode before new MPs have even become fully acquainted with the corridors of Westminster. To recap, Britain’s biggest water […]
Revoil (ATH:REVOIL) Use Of Debt Could Be Considered Risky
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often […]
Former debt collector reveals Australian industry’s dark secrets | Debt collection
Sean Letcher is a shadow of his former self. Fifteen long years in the debt collection game, spending his days hounding people for unpaid bills and loans, left him shattered. “In short – we are treated like slaves, like utter garbage,” he says. He has decided to speak publicly about what he saw in the […]
Expired Debt Limit Impacts Small Business Bankruptcies
As of June 21, 2024, the debt limit for small business bankruptcies, also known as Subchapter V bankruptcies, reverted to $3,024,725 from the temporarily increased limit of $7,500,000 established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This reversion limits small and midsize businesses’ access to a streamlined and cost-effective alternative to […]
Gen Z, Millennials Going Into Debt for Summer Travel
Angle down icon An icon in the shape of an angle pointing down. Travel is trending this summer, but for many, going into debt is a part of funding the fun. Ratnakorn Piyasirisorost/Getty Images Three surveys show Gen Z and millennials are willing to risk their finances for summer plans. Nearly 40% of Gen Z […]
AI Success Depends on Tackling “Process Debt”
Typically, organizations in the midst of transformation efforts spend significant time and resources trying to correct massive amounts of “technical debt” — the price of years of short-term decisions and prioritizations that result in an overly complex technological infrastructure. But equally challenging is managing organizations’ often undiscussed “process debt” — the build-up of often antiquated, […]
Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France
Sri Lanka’s President Ranil Wickremesinghe has announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation By BHARATHA MALLAWARACHI Associated Press June 26, 2024, 1:04 PM ET • 3 min read COLOMBO, Sri Lanka — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal […]
12 Hongkongers arrested in crackdown on gangs allegedly harassing people to collect debts
Hong Kong police have arrested 12 people in a six-day crackdown on illegal debt collection gangs accused of splashing red paint on buildings and making threatening phone calls over outstanding loan payments. Inspector Lam Kin-yu of the Wong Tai Sin anti-triad squad said the suspects were detained in a series of raids between Friday last […]