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7 more freight carriers go bankrupt in Q3, another shuts down

Seven more freight companies filed for bankruptcy over the past month, as unsecured debt racked up, although some transportation subsectors are showing strength.  These freight carriers, ranging from specialty short-haul providers to long-haul logistics firms, filed for Chapter 11 bankruptcy, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News.   Bartram Logistics filed on…

Suspended Director Challenges Suraksha ARC in NCLT Over Insolvency Deal

 (SLDPL). The petition alleges fraud, misrepresentation, and regulatory violations in the handling of the company’s insolvency proceedings. Allegations of Round-Tripping and Loan Evergreening SLDPL has been under the Corporate Insolvency Resolution Process (CIRP) since 2021 after its account was flagged as stressed. Singh, removed from the management post-CIRP initiation, claims that the insolvency proceedings were…

Gensol Engineering invites EoIs; resolution plans by Nov 29

Gensol Engineering Limited, a significant player in the solar and electric vehicle sectors, has officially invited Expressions of Interest (EoI) from potential investors as part of its Corporate Insolvency Resolution Process (CIRP). The resolution professional, Keshav Khaneja, issued a public notice (Form G) on Tuesday, inviting bids for the Ahmedabad-based company. In a unique offering,…

How to get out of debt you can’t afford

By exploring your options now, you can move from feeling trapped by your debt to taking back control of your finances. Megaflopp/Getty Images Americans are carrying record amounts of debt, and for many, it’s becoming impossible to keep up. Total household debt reached $18.39 trillion in the second quarter of 2025, with credit card balances…

House passes defense bill with CCAD support, heads to the Senate next

CORPUS CHRISTI, Texas — Congressman Michael Cloud is highlighting several provisions he calls “victories” for District 27 in the 2026 National Defense Authorization Act, which passed the House and now heads to the Senate for consideration. The proposed legislation includes significant implications for the Corpus Christi Army Depot, pending Senate approval and final passage. Congressman…