A private equity-backed provider of care services to vulnerable patients across England is on the brink of insolvency, prompting Whitehall officials to draw up contingency plans for its collapse. Sky News has learnt that NRS Healthcare, also known as Nottingham Rehab, is close to falling into compulsory liquidation after efforts to find a buyer were…
FTC Issues Warning: Consumers Targeted by Debt Relief Scams ACA International Read the original article here
Leicester have eased fears over their deal with shirt sponsors BC.Game after the online betting site was reportedly declared bankrupt. The Foxes have been assured the issue will not impact their contract with their main sponsor. BC.Game signed a two-year deal with the Foxes in the summer but have reportedly been declared bankrupt by a…
A Hunan court confirmed the Stellantis joint venture was unable to repay debts despite a major sell-off of assets. By Stewart Burnett A court in China’s Hunan province has declared GAC Fiat Chrysler Automobiles (GAC-FCA) bankrupt, ending the troubled joint venture between Stellantis and the state-owned Guangzhou Automobile Group. The bankruptcy administrator confirmed the company…
Today’s guest is Richard E. Farley, author of Drop Dead, a history of how the richest city in America got addicted to spending, saturated in debt, and crashed the municipal bond market—and then managed to get a federal bailout in the nick of time. In 1975, New York City almost went bankrupt. Farley argues that the same conditions are…
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Pakistan Hotels Developers Limited (PHDL) has issued an official notification addressing shareholder concerns regarding the company’s ongoing winding-up process. The liquidation process, which began on December 31, 2024, follows the approval of a Special Resolution passed in the company’s General Meeting. As per the Companies Act, 2017, PHDL aims to complete its winding-up proceedings by…
Like many, I was dismayed last week to see the news of Bedford Group headed for voluntary administration. As an organisation with an 80-year history providing support for 1400 people with disability across South Australia, the hole this would create in the lives of the people they support and their families was unlikely to be…
The National Company Law Appellate Tribunal (NCLAT) has formally closed the Corporate Insolvency Resolution Process (CIRP) of Grand Reality Pvt. Ltd., after confirming that the construction of the real estate project was completed and possession handed over to all homebuyers. The case reflects a rare but growing judicial trend where tribunals step in to ensure…
Date published: 30 July 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company with a registered activity of retail sale of beverages in specialised stores. The undertaking was received for ten years from Ian Terry Mayhew (45) of Laragh Park, Bangor, in respect of his…