Despite this slight easing, experts warn the sector remains under pressure due to high inflation, rising interest rates, cash flow challenges, and persistent supply chain disruptions. Kelly Boorman, national head of construction at RSM UK, described the situation as a “perfect storm” of overtrading risks and under-resourcing. “Many firms are in limbo as they hold…
‘Hardest choice’: Founders of collapsed eco start-up speak out Herald Sun Read the original article here
Rex looks set to be saved from administration, with US aviation company Air T reportedly landing a deal to take over the beleaguered regional airline. It has continued flying regional routes after being bailed out by the federal government to the tune of $130 million, but now looks set to exit administration. Rex looks set…
Phil Mickelson is a legend in his own right, and if you’re even remotely familiar with golf, his name should ring a bell. With more than 45 event wins and six major championships to his name, he’s cemented his place among the most talented athletes in the sport’s history. Yet behind the calm, confident exterior…
The National Company Law Tribunal (NCLT) Mumbai bench admitted a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Unity Small Finance Bank Limited against Bafna Motors Private Limited holding that defaults committed after section 10A period are sufficient to trigger Corporate Insolvency Resolution Process (CIRP). It further held that…
Three in five low-paid workers have skipped meals, cannot heat their homes or have taken out a payday loan to cover essential supplies. Additional research also shows that three-quarters of people in debt are struggling with repayments. Finance expert Laura Pomfret explains that this is where you join all your debts together. To watch this…
On October 14th 2025, the Insolvency and Bankruptcy Board of India (IBBI) has issued Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. By exercising its power conferred by virtue of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the IBBI has released…
As US household debt hits all-time high, can the church help members in financial stress? Diocese of Tucson Read the original article here
How sovereign debt can become sustainability investment gold The World Economic Forum Read the original article here
Liquidators are counting up the debts of Christchurch glass and plastic jar supplier Croftpak Ltd as estimates climb to more than $914,000. Unsecured creditors are unlikely to be repaid as the company is short on funds to cover debts to 39 creditors. Rodgers Reidy insolvency practitioners Lynda Smart and Derek Ah Sam were appointed liquidators…