Shape Construction, a Christchurch-modular home building company, has gone into liquidation, leaving behind an estimated $1 million debt to creditors. The company, which ceased trading in April, was placed into liquidation on 2 May, with Brenton Hunt of Insolvency Matters Limited appointed as liquidator. According to the liquidator’s first report, the company, established in 2012,…
North Canterbury modular homes builder in liquidation owing $1m The Press Read the original article here
May 19, 2025 More than 134,000 Los Angeles County residents will begin receiving notices next week as a part of the first wave of medical debt relief, marking a significant step in addressing the financial strain caused by medical costs. The notices, sent by LA County and national nonprofit Undue Medical Debt, inform the resident…
The path toward credit card debt relief may involve acknowledging some unfortunate realities in today’s economic climate. Milan Jovic 2/Getty Images News last week that credit card balances are falling was welcomed by American borrowers, but it may have masked what still appears to be a credible issue: millions of Americans are still struggling to…
Keith Barney is an associate professor at the Australia National University. Roland Rajah is lead economist at the Lowy Institute. Laos is suffering an acute debt crisis with no apparent way out. This is a shocking reversal of the optimism of the pre-COVID-19 era, when economic growth averaged over 7% annually. While the benefits excluded…
National Company Law Appellate Tribunal (NCLAT) on Monday upheld NCLT’s order admitting Future Ideas Company Limited (FICL), part of the Future Group, into insolvency over dues of ₹122.83 crore. National Company Law Tribunal (NCLT), Mumbai, admitted FICL into insolvency last month in an insolvency petition filed by Axis Trustee Services, representing Franklin Templeton Asset Management…
Supreme Court rejects Vodafone Idea, Airtel petitions for debt relief The Morning Context Read the original article here
If you owe back taxes to the IRS, it’s important to understand what options you have that could help. Getty Images Each year, millions of taxpayers find themselves unable to pay what they owe to the Internal Revenue Service (IRS). But when you owe back taxes to the IRS, the initial balance isn’t the only…
It’s business as usual for Australia’s Village Roadshow Group, following the announcement overnight that the US-based Village Roadshow Entertainment Group has filed for bankruptcy protection. As previously reported, Village Roadshow Entertainment Group (VREG) has filed for Chapter 11 in Delaware, with US$223.8 million in asset-backed secured notes and US$163.1 million of senior secured debt, court…
Liberty Speciality Steel withdrew a restructuring plan put before the courts just before a judge was due to decide if it could go ahead. With a lack of agreement with key creditors, lawyers representing them have previously said it was unlikely to be sanctioned anyway due to the money owed. After pulling its “Part 26A”…