Lion Electric will very likely be liquidated following the Quebec government’s refusal to invest more public funds in the company, says the court-appointed monitor for the electric-vehicle maker.

Jean-François Nadon, a restructuring specialist with Deloitte, said in a Superior Court hearing on Monday that government aid would have been a condition of any sale of the struggling company.

With that possibility off the table, he said, it’s unlikely any buyer will step forward with a plan to relaunch the St-Jérôme, Que.-based manufacturer, which sought protection from its creditors in December.

“The likelihood of a liquidation of assets is very high,” he said.

Nadon said the government’s recent announcement that it would not inject any more…

Financial challenges can strike anyone, regardless of income level, and that’s especially true in the current high-rate landscape. After all, today’s average credit card interest rates are hovering around 22% but are even higher for many borrowers, which makes it easy to find yourself trapped by rising card balances. And, if you’re only able to afford the minimum payments on your credit cards, you’re…

All of the confusion surrounding higher student loan payments and wage garnishment has experts warning borrowers to beware of scammers preying on your desperation.

Elaine Rubin, a student loan policy expert, says borrowers should be on high alert for student loan scams offering to lower their payments, get their debt canceled or make sure their wages aren’t garnished.

“All the noise, the concern and the fear starts to bring about more predatory or scam companies to contact borrowers to offer them an ‘easy way out,'” Rubin said.

It’s always important to stay vigilant and look out for scammers, but student loan borrowers should be even more cautious right now, since the Consumer Financial Protection…

After months of complaints that Vinyl Me, Please had stopped fulfilling orders, processing refunds, and responding to emails, the Denver-based record club has announced its liquidation. The resolution of outstanding orders—including hefty annual subscription fees—is now in the hands of a third party, Vinyl Liquidators LLC, which has taken charge of Vinyl Me, Please assets as part of an Assignment for the Benefit of Creditors (ABC). Those creditors, primarily customers with unfulfilled orders and subscriptions, must file their claims before Wednesday, October 1, 2025, according to a notice viewed by Pitchfork. Any proceeds from the liquidation will then be distributed to the claimants.

Since launching in 2012, Vinyl Me, Please has…

The Department of Financial Services (DFS) has reviewed the Supreme Court order on the liquidation of Bhushan Power and Steel (BPSL), in consultation with the lenders, M Nagaraju, secretary, DFS said in Mumbai on Monday.  

“I have already reviewed (the order) with all the lenders. We have taken a position, we have studied the judgement, we have got our advocates’ view on the judgment,” Nagaraju said. He added that the government is taking a view on how to approach the judgment. “We will finalise soon,” Nagaraju added.

Sajjan Jindal-led JSW Steel, the country’s biggest steel producer, has also said it will review the order. 

The bankrupt BPSL had been acquired by JSW Steel, nearly five years ago, via the corporate…

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A Mosgiel-based building company did not complete its last building contract prior to being put into liquidation, the first liquidator’s report says.

A&H 2016 Ltd was incorporated in March 2016 and operated in the residential building and construction industry. Its sole director and shareholder was Andrew Stuart John Innes.

Trevor and Emma Laing, of Laing Insolvency Specialists, were appointed liquidators by a shareholders’ resolution last month.

In the report, the liquidators said Mr Innes had been requested to provide details about the factors that contributed to the company’s financial situation, and they awaited his response.

The company ceased trading some time prior to the date of liquidation and it was understood Mr…

STATEN ISLAND, N.Y. — New York City is launching a new initiative to help city employees wipe out their existing student loans.

On Monday, Mayor Eric Adams unveiled a new plan to help more than 100,000 city employees enroll in the federal government’s Public Service Loan Forgiveness (PSLF) program and Income Driven Repayment (IDR) plans to reduce or cancel roughly $360 million in student loan debt.

“Public servants wake up early and stay up late to keep our city running, but too many of them still struggle with expensive student loan debt. But our administration is helping to change that by putting hundreds of millions of dollars back into the pockets of our city employees and giving them the peace of mind they deserve through the…

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