Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.6 per cent from May last year, according to data released Tuesday by…
If you’re dealing with a lot of high-rate debt this July, debt consolidation could make sense, but it’s important to do your homework first. Getty Images If you’ve noticed that your credit card balances have been creeping higher recently, you certainly aren’t the only one. Americans are carrying record levels of revolving debt right now,…
Credit card debt forgiveness could be worth applying for this July, thanks to a variety of timely reasons. Getty Images A new month always offers the possibility of change. And for millions of Americans suffering under the burden of high-rate credit card debt, change could be very welcome right now. With the average credit card…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April. Read the original article here
Created: Jul 08, 2025 07:57 AM Rhys Williams, of law firm Conyers (File photograph) A Supreme Court ruling that allowed the sale of US Holdings Ltd’s main asset before liquidation is being hailed by legal experts as a turning point in how Bermuda’s courts oversee high-stakes decisions made by insolvency professionals. The controversial deal, worth…
According to Ashok Jain, a director at Borosil Renewables, the Indian glass manufacturer that has been the company’s majority shareholder since October 2022, demand for its products fell as low as 40% of its production output at the beginning of this year. GMB filed for insolvency last Friday (4 July) and its operations will now…
A property development business, owned by Dunedin businessman Chris Swann, has been placed in liquidation owing nearly $1.5 million. Trevor and Emma Laing, of Laing Insolvency Specialists, were appointed liquidators of KV Ltd in late May. Shares were held by CJS Nominees (owned by Mr Swann) and Mr Swann, who is the former chairman of…
Matilda Omonaiye/ A Federal High Court sitting in Lagos has been asked to compulsorily wind up Allianz Energy and Oilfield Support Limited over its alleged inability to pay an outstanding debt of N62.1 million owed to a maritime firm. The winding-up petition was filed by Pier Dredging and Marine Technologies Limited, which claims the debt…
Solvency Ratios vs. Liquidity Ratios: An Overview Solvency and liquidity are both terms that relate to an enterprise’s state of financial health but with some notable differences. Solvency refers to an enterprise’s capacity to meet its long-term financial commitments. Liquidity addresses an enterprise’s ability to pay short-term obligations and a company’s capability to sell assets…
Hudson’s Bay collapse renews calls for stronger worker protections HRD America Read the original article here