CTD Tiles goes into administration and closes 56 of its outlets. The company’s administrators stated that 268 employees were laid off as a result of the failure. Despite the huge number of retail closures, rival Topps Group purchased 30 CTD Tiles locations and two distribution sites in a rescue plan. Topps Tiles has purchased CTD…
The latest research released by the Moneysmart website, which is run by the Australian Securities and Investments Commission, found 47 per cent of adults with debt, the equivalent of 5.8 million people, have struggled to pay the bills in the past 12 months. Read the original article here
The number of companies that became insolvent in July was 16% higher than during the same period last year, according to official data. In England and Wales, 2,191 businesses went bust, according to the Insolvency Service, compared with 1,890 in July 2023. The figures included 320 compulsory liquidations – when a company is forced to…
Rethinking Section 29A of IBC to get the best out of a resolution process Moneycontrol Read the original article here
Birmingham’s city center is thronged by empty lots with unfinished and unstarted building projects, like this one in the Deritend area. In 1890, an American journalist named Julian Ralph traveled from New York to Birmingham, an industrial powerhouse lying squarely in the center of England, and found it to be “the best-governed city in the…
$100 million in medical debt eliminated for N.J. residents $100 million in medical debt eliminated for N.J. residents 00:35 TRENTON, N.J. (CBS) — Thousands of New Jersey families can breathe a little easier after Gov. Phil Murphy announced his administration will eliminate some, if not all, of certain families’ medical debt. Murphy’s administration will relieve…
Transnet is saddled with 130 billion rand ($7.30 billion) in debt and has struggled to provide adequate freight rail and port services due to equipment shortages and maintenance backlogs after years of under-investment. Last December, South Africa’s government said it had handed Transnet a 47 billion rand guarantee facility to help the company meet “immediate liquidity matters such as…
Derby-based dance company Déda has announced it is entering voluntary insolvency after “enduring significant financial pressures” since the onset of Covid, making it “impossible to continue” operations in its current format. Founded in 1991, the Arts Council England-funded charity runs a dance and movement venue and is co-producer of the annual Derby Feste festival, which…
Carteret County restaurant raising funds to help with student lunch debts WNCT Read the original article here
China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support, sources say Reuters Read the original article here