Insolvency in Ireland

Cerebreon: Debt Support Startup Close £1.5m Seed Round to Help Save UK's Most Vulnerable

Retrieved on: 
Tuesday, March 31, 2020
Debt, Economy, Finance, Money, Insolvency practitioner, Insolvency, Bankruptcy, Insolvency in Ireland

LONDON, March 31, 2020 /PRNewswire/ --Insolvency technology startup Cerebreon close final funds in 1.5m Seed round in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy.

Key Points: 
  • LONDON, March 31, 2020 /PRNewswire/ --Insolvency technology startup Cerebreon close final funds in 1.5m Seed round in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy.
  • Cerebreon is working with consumers, financial institutions and insolvency practitioners, to deploy their deep learning platform to help predict and prevent insolvency ahead of time.
  • Gillian Doyle, Cerebreon CEO, said, "Our mission is to support the most vulnerable people in society to help them to avoid insolvency.
  • Unsecured personal debt was measured at 3.6Bn - with the COVID-19 outbreak UK families are taking on increasing levels of debt to survive."

Cerebreon: Debt Support Startup Close £1.5m Seed Round to Help Save UK's Most Vulnerable

Retrieved on: 
Tuesday, March 31, 2020
Debt, Economy, Finance, Money, Insolvency practitioner, Insolvency, Bankruptcy, Insolvency in Ireland

LONDON, March 31, 2020 /PRNewswire/ --Insolvency technology startup Cerebreon close final funds in 1.5m Seed round in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy.

Key Points: 
  • LONDON, March 31, 2020 /PRNewswire/ --Insolvency technology startup Cerebreon close final funds in 1.5m Seed round in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy.
  • Cerebreon is working with consumers, financial institutions and insolvency practitioners, to deploy their deep learning platform to help predict and prevent insolvency ahead of time.
  • Gillian Doyle, Cerebreon CEO, said, "Our mission is to support the most vulnerable people in society to help them to avoid insolvency.
  • Unsecured personal debt was measured at 3.6Bn - with the COVID-19 outbreak UK families are taking on increasing levels of debt to survive."

Gender Gap In Bankruptcy Narrows to Almost Zero

Retrieved on: 
Tuesday, October 8, 2019
Economy, Finance, Money, Debtor, Insolvency, Debt, Bankruptcy, Insolvency in Ireland

What we see are women filing insolvency in increasing numbers, with less debt than men."

Key Points: 
  • What we see are women filing insolvency in increasing numbers, with less debt than men."
  • The average female debtor files insolvency on $43,414 in unsecured debt, 21% less than male debtors.
  • Women file insolvency with an unsecured debt-to-income ratio of 147%, much lower than the 177% for male debtors in our study.
  • This gap widens to 32% when comparing single women raising a family to the household income for two-parent families filing insolvency.