Open this photo in gallery: People walk into a Hudson’s Bay store in Hamilton, Ont., on March 21.Carlos Osorio/Reuters As an order processor at the Hudson’s Bay Co. distribution centre in Toronto’s east end, Kevin Grell has been working harder than usual in recent weeks – all while fearing for his livelihood. “I see a…
Sharvain Facades goes into voluntary administration MSN Read the original article here
Nova Property Group, the rescue vehicle of the failed R4.6 billion Sharemax property syndication scheme, is insolvent. Nova’s annual financial statements (AFS) for the year ending February 2024 reveal a company in severe financial distress, with mounting debt, unpaid taxes and severe cash flow constraints. It is also clear that Nova cannot repay the former…
Hudson’s Bay Co. ULC can begin liquidating all but six of its stores on Monday, an Ontario court decided on Friday, ending an era of department store dominance for Canada’s oldest company. The Ontario Superior Court approved the retailer’s wind-down proposal as it tries to find restructuring solutions with its creditors and landlords. The liquidation…
A Jan 27 photo shows people receiving advice on how to settle their debts at an event jointly organised by the Justice Ministry and 23 financial institutes at Suan Dusit University. Former prime minister Thaksin Shinawatra’s recent idea to solve the problem of non-performing loans (NPLs) in the household debt sector is just a further…
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep a half-dozen stores open — for now. Canada’s oldest company was in court Monday to seek permission from an Ontario judge to liquidate all but six stores starting Monday. The six stores Hudson’s Bay wants to…
Credit: Markus Winkler via Unsplash https://unsplash.com/@markuswinkler Scott McCorkell, the founder of the failed North Sydney advertising agency that bears his name, and his advisors face fresh legal action in the Federal Court. The current liquidator of McCorkell and Associates, Michael Hogan, is taking action against McCorkell and those who advised him in a process…
These simple (but effective) strategies could help you significantly shorten the debt relief timeline. Getty Images Credit card debt has become a major issue for millions of Americans over the last few years — and with inflation ticking back up, the prices of everything from groceries to gas are climbing, pushing people’s budgets to the…
Ethiopia Finalizes $8.4 Billion Debt Relief Agreement with Official Creditors Addis Insight Read the original article here
With do-it-yourself debt settlement, you negotiate directly with your creditors in an effort to settle your debt for less than you originally owed. This strategy works best for debts that are already delinquent, or not paid by their due date. That’s because as creditors start to see missed payments stack up, they may be more…