Investors lose Millions in Lendy collapse

Investors lose Millions in Lendy collapse

Thousands of investors are facing losses of close to half the £152 million they put into a failed peer-to-peer lender that is being investigated for moving assets to related parties before its collapse.In the latest scandal to hit the ‘shadow savings’ industry,...
Sports Direct Withdraws Debenhams CVA Legal Threat

Sports Direct Withdraws Debenhams CVA Legal Threat

Sports Direct has withdrawn its lawsuit against Debenhams over its Company Voluntary Arrangement (CVA), although the department store chain will still continue to fund an ongoing legal challenge from a property firm.Debenhams confirmed that the Mike Ashley-owned...
Monsoon Creditors Approve CVA

Monsoon Creditors Approve CVA

Monsoon Accessorize creditors have approved the retailer’s CVA proposals, which will see the retailer seek rent cuts across two-thirds of its store estate.First announced on June 20, the retailer’s CVA proposals do not include plans for store closures – of which it...
Almost half of British adults are currently in debt

Almost half of British adults are currently in debt

Some 46% of UK adults are currently in debt and believe the rising cost of independent living is to blame.A survey of 1,000 UK adults, published in The UK Spending Report, has revealed that almost one in two Brits (46%) are currently in debt. Those who admitted to...