Nigeria’s Permanent Representative to the United Nations, Ambassador Jimoh Ibrahim, has urged the international community to adopt a global debt-for-education swap framework that would allow developing countries to invest more in education while continuing to meet their debt obligations. According to a statement issued by his media office in New York, Ibrahim made the proposal…
Recent reforms to England and Wales’ Debt Relief Order (DRO) system have significantly expanded access to debt relief, with the removal of a £90 application fee driving the biggest increase in uptake, according to a review by the Insolvency Service. The review examined changes introduced in 2021 and 2024, including higher debt eligibility limits, increased…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has reiterated that a Corporate Insolvency Resolution Process (CIRP) cannot be initiated against a company whose name has already been struck off from the register of companies. It observed that once the company’s certificate of incorporation is cancelled, it no longer remains a “corporate person”…
Seven Hobart venues have been shut down – effective immediately – as administrators look to find new owners. More than 80 staff employed across Cargo, Jack Greene, Post Street Social, O-Bar, Republic Bar, Franklin Wharf Restaurant and Bar and the Franklin Wharf Function Centre were this morning told that they were being stood down, after…
After more than two decades in business, an Australian wine producer had entered voluntary administration, putting its future in doubt. Support for One Nation drops for the first time in four months, the Coalition prepares to overhaul its nuclear policy to lift the ban on nuclear power. Plus, President Trump claims the Strait of Hormuz…
Bathroom fitting company based near Huntingdon enters liquidation after 12 years of trading Peterborough Telegraph Read the original article here
DROs are an alternative to bankruptcy and offer a vital lifeline for those with debts of up to £50,000 New tech will cut DRO application times by enabling debt advisers to send cases directly to the Insolvency Service portal Project gets £900,000 funding from Money and Pensions Service (MaPS) Thousands of people in financial crisis will get faster access to the help they need, thanks to a £900,000 tech boost to speed up debt relief order (DRO) applications. …
Norada Enterprise Ltd, which traded as Norada Pub & Restaurant in Potter Heigham, is appointing liquidators after the business became “unsustainable”, the company’s director Constantinos Mantilaris said. Norada Grill & Tavern in Potter Heigham (Image: CAMRA) Mr Mantilaris, known as Costa, said the River Thurne venue, by Potter Heigham Bridge, is now being operated by…
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The Australian federal government’s long-awaited gambling reforms are facing widespread criticism as frustration mounts across the country. Critics claim that the measures do not go far enough and fail to address the rising societal harms across the country. Many believe that there is a gap between what was proposed and what is actually needed to…