The median first-time homebuyer in the U.S. in 40 years old, which is a record high. One of the main reasons is that Millennials typically delay ownership by about 7 years, and Gen Z only have a 26% homeownership rate by their late 20s, far behind previous generations.A growing financial strain These younger Americans are…
Port-a-potty company files for bankruptcy to wipe away $2.4 billion in debt Reuters Read the original article here
The photo shows frontline soldiers stationed along the border with Thailand, taken in Oddar Meanchey on July 2. Photo: Sem Vanna PHNOM PENH – Frontline soldiers will get priority for financial relief, the National Bank of Cambodia (NBC) says as it seeks understanding from displaced families at delays processing their applications. The bank said…
REVEALED: Latest business liquidations in Yarra Herald Sun Read the original article here
NCLAT Upholds Liquidation of Go Airlines Busy Bee Airways Pvt. Ltdvs Dinkar T Venkatasubramanian CITATION : 2025 TAXSCAN (NCLAT) 182 The National Company Law Appellate Tribunal (NCLAT), New Delhi bench upheld the liquidation by finding that, in the absence of a compliant resolution plan, the Committee of Creditors (CoC), acting in accordance with Section 33(2)…
Simply put, insolvency happens when a business is not able to pay its debts. When a company is not able to locate funds to pay debts that are due, for example through taking on additional debt, it can legally file for bankruptcy. The company is then dissolved, and its assets are sold, usually by a…
By Prudhviraj Rupavath Hyderabad: As 2025 draws to a close, the twin stages of COP30 in Brazil’s Amazon and the G20 summit in South Africa exposed a harsh truth. The Global South is still struggling to secure real climate finance and debt relief from the developed North, even as disasters grow more severe. In Belém,…
Gambling with the dollar’s future The Japan Times Read the original article here
Syska LED Lights Pvt Ltd, once a well-known name in the consumer lighting market, is currently going through an insolvency resolution process after facing serious financial trouble. This process has attracted interest from four potential buyers. These include Syska’s own promoter, Germany-based investment firm Mutares Group, and two Indian companies, Aikyam Stressed Asset Fund and…
The National Company Law Appellate Tribunal (NCLAT) at Delhi held that a three-day delay in filing an insolvency appeal stood deemed to have been condoned due to a registry error, and on that basis refused to recall its earlier order admitting insolvency proceedings. A coram comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai…