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Daily Archives: May 12, 2026

NCLT Mumbai Bench Reserves Order on Resolution Plan for Vas Infrastructure Limited – scanx.trade

BankruptcyBy EditorMay 12, 2026

NCLT Mumbai Bench Reserves Order on Resolution Plan for Vas Infrastructure Limited  scanx.trade Read the original article here

As Illinoisans lose federal food assistance, independent grocers face debt, store closure

Debt HelpBy EditorMay 12, 2026

Article Summary As thousands of Illinois households lose their federal food assistance this month, business owners are also preparing for potential loss. When households lose their benefits, they spend less at the grocery store, and the already-thin profit margins of independent grocers become even slimmer. Business owners face debt and potential store closures that could…

Credit Management Startup BFREE Eyes Pan-African Expansion with New Investment

Debt HelpBy EditorMay 12, 2026

BFREE has closed a new growth investment round that will allow the company to buy more distressed loan portfolios, strengthen partnerships with lenders and expand into more African markets. Headquartered in Lagos, the company works with banks, fintechs and other lenders to acquire and manage non-performing retail and SME loans.  The latest round drew support…

REVEALED: Latest business liquidations in Brimbank – Herald Sun

LiquidationBy EditorMay 12, 2026

REVEALED: Latest business liquidations in Brimbank  Herald Sun Read the original article here

Axip Energy Services Files Chapter 11 Liquidation Plan Following $240 – Stretto

LiquidationBy EditorMay 12, 2026

Axip Energy Services, LP and six affiliated debtors filed a Combined Disclosure Statement and Chapter 11 Plan of Liquidation on May 6, 2026, in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (Case No. 26-90338 (CML)), outlining a framework for winding down the estates following the completed sale of substantially…

UK carpet company plunges into liquidation – in business since 2013 | UK | News

LiquidationBy EditorMay 12, 2026

A British carpet and flooring company has collapsed into liquidation after being in business for 13 years. The firm, which employed 10 staff members, recently went bust and a petition was presented to wind it up. The Floor Studio, founded in Elgin, Scotland, in 2013, entered liquidation on Tuesday, May 5, after Stuart Robb, of…

Autostrade Meridionali Publishes Shareholders’ Meeting Minutes on Liquidation Accounts – TipRanks

LiquidationBy EditorMay 12, 2026

Autostrade Meridionali Publishes Shareholders’ Meeting Minutes on Liquidation Accounts  TipRanks Read the original article here

SKIL Infrastructure Reports Steep Losses in Q2 FY25 Amid Ongoing Insolvency Proceedings – scanx.trade

LiquidationBy EditorMay 12, 2026

SKIL Infrastructure Reports Steep Losses in Q2 FY25 Amid Ongoing Insolvency Proceedings  scanx.trade Read the original article here

Britain stalls on energy debt relief with consumer debts seen topping $9.5 billion by year-end

Debt HelpBy EditorMay 12, 2026

By Susanna Twidale LONDON, May 11 (Reuters) – A government scheme to clear 500 million pounds of energy debt for some of Britain’s poorest households ‌has yet to launch, as industry warns total arrears could reach ‌7 billion pounds ($9.5 billion) by year-end. The delay comes as ministers face mounting pressure over the cost of…

Government’s Energy Debt Relief Plan Stalls Amid Rising Crisis

Debt HelpBy EditorMay 12, 2026

A government initiative aimed at clearing £500 million in energy debt for Britain’s neediest households has hit a standstill. Industry insiders warn that the delay could see the total arrears balloon to an alarming £7 billion by the end of the year. Introduced by energy regulator Ofgem last October, the Debt Relief Scheme was expected…

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