Lambert GmbH, a long-established furniture retailer from North Rhine-Westphalia, has filed for insolvency under self-administration. The company, which has been trading since 1967, operates six stores across Germany in Munich, Hamburg, Düsseldorf, Berlin, Frankfurt, and Cologne, as well as an outlet in…
Innovative Debt Consolidation Technology Could Save Brits £17.2bn in Unnecessary Interest Payments Millions of UK consumers could save an average of £1,257 each year by consolidating unoptimised debt, according to new Experian research. As the UK braces for the Autumn Budget this week and with Christmas spending adding seasonal pressure to household budgets, new research…
[SINGAPORE] Close to 100 creditors are owed slightly over S$1 million by shuttered confectionery chain Twelve Cupcakes, according to one of its appointed liquidators on Tuesday (Nov 25). The amount excludes the unpaid salaries owed to 80 former employees. The company has entered full liquidation as of Nov 24, the liquidator AAG Corporate Advisory confirmed…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell by 1.7% in August 2025 to a total of 2,048 compared to July 2025’s total of 2,083, and increased by 5.9% compared to August 2024’s figure of 1,933. The insolvencies consisted of 281 compulsory liquidations, 1,578…
Bapcor appoints specialist amid debt breach fears The Australian Read the original article here
The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency…
The Robertson Trust has awarded Money Advice Scotland £30,000 per annum for three years to develop the core of its work and create a more financially resilient Scotland. As the national umbrella organisation for the free money and debt advice sector, Money Advice Scotland represents advisers, supports best practice, and campaigns for systems that support…
Innovative debt consolidation technology could save Brits £17.2bn in unnecessary interest payments New Experian data reveals that debt consolidation could help over 13 million households save £1,257 annually1 Wider adoption of Experian’s ReFi debt consolidation technology could help unlock £15.1 billion in household spending and £2.1 billion in annual savings, through reduced interest costs.2 This…
Star Entertainment’s outgoing chairwoman Anne Ward said the casino giant could be privatised if its financial problems don’t change, as the company confirmed it was searching for new lenders for the third time in two years. The company, which runs entertainment and gaming precincts in Sydney, Brisbane and the Gold Coast, has been under immense…
The “loophole” that for years exempted intoxicating hemp from the prohibitions of the Controlled Substances Act (“CSA”) is set to close on November 13, 2026, following the federal ban enacted earlier this month. Companies that manufacture, distribute, sell, or purchase intoxicating hemp products (“IH Companies”) and are, or anticipate, experiencing financial distress have less than…