New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has told debt resolution professionals to be more open about bankrupt companies’ past losses that can be carried forward, helping attract fresh investments into the company. The idea is that greater disclosures about ‘carry forward’ of past losses, which will lower future tax liability of…
Scotland witnessed a 10% increase in company insolvencies in February 2025 compared to the same month in 2024, with 103 businesses entering insolvency. This figure comprised 60 Creditors’ Voluntary Liquidations (CVLs), 38 compulsory liquidations, and five administrations. There were no Company Voluntary Arrangements (CVAs) or receivership appointments. The 12-month insolvency rate to February 2025 stood…
Junior Canadian Ranger Nova Gull in front of the abandoned Hudson’s Bay Company trading post at Lake River in Polar Bear Provincial Park. credit: Canadian Rangers Hudson’s Bay seeks court approval for full liquidation as financial struggles push the retailer to the brink TORONTO, ON – The future of Hudson’s Bay hangs in the balance…
Controversial preschool group KleuterZone placed into provisional liquidation News24 Read the original article here
Bankrupt iconic retail chain begins liquidation, closing stores TheStreet Read the original article here
Wise up and make use of the special debt relief incentive programme City of Tshwane Read the original article here
Insolvency-related activity increases across Sussex and South East region SussexWorld Read the original article here
Lester Bonner purchased a tractor, hay baler, and two hay combines for his 113-acre wheat farm when he learned he’d have $50,000 of his loans wiped clean as a result of a debt relief program from the U.S. Department of Agriculture. Many more farmers invested in their farms in anticipation of the forgiveness of loans…
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Topline Plans to liquidate and shut down all 80 Hudson’s Bay stores and e-commerce operations in Canada, along with three Saks Fifth Avenue and 13 Saks Off 5th Avenue locations there, could begin today unless a financial lifeline is found to sustain some operations — a prospect that appears increasingly unlikely, according to CBC. Hudson’s…