Stock market uncertainty and wider economic volatility are a serious concern for all Americans right now, particularly after the battle against inflation and higher interest rates millions endured in recent years. But this concern is likely more prevalent for select demographic groups, seniors of which are near the top of the list. For older Americans reliant upon retirement savings, Social Security and other…

The Victorian government’s financial troubles are widely documented.

In 2023-24, the state had the nation’s highest per capita net debt and the lowest credit rating (AA).

The trend growth in Victoria’s debt is equally alarming.

The two leading international rating agencies, S&P and Moody’s, warned that if debt levels are not managed, Victoria’s credit rating may be further downgraded.

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Further downgrades seem inevitable given that the Victorian Budget for 2023-24 specifically stated that it expects the federal government to provide “a matching contribution” to the first stage of its Suburban Rail Loop (SRL) project, which the federal government has declined to fund beyond the already committed $2.2 billion.

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On the 28^th March 2025, Dr John Wood hosted a notable conference at Lancaster Castle, with Dr Sofia Ellina, Dr John Tribe, and Prof. Emeritus David Milman acting as chairs. The conference focused on the evolving landscape of insolvency law, with keynote papers provided by Paul Bannister, Head of Policy at the Insolvency Service, Jag Saroe, Head of Special Situations, Chief Executive Division, of the Insolvency Service, Lisa Linklater K.C., King’s Counsel, Exchange Chambers, and the great Karen Gross, who spoke about her landmark book on failure, forgiveness and the community – 25^th Anniversary reflections. In this blog we’re thrilled to share some key takeaways and a…

The Container Store said the bankruptcy process will have no impact on customers and that it will keep all 102 of its U.S. locations open.

Smith Collection/Gado/Getty Images

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Smith Collection/Gado/Getty Images

The Container Store — once the premier hub for all things storage and organization — filed for bankruptcy amid mounting debt.

The 46-year-old retail chain filed for Chapter 11…

Infinexa, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, with approximately €170 million in assets under management, has been appointed by the Galați Court as the judicial administrator of Grande Gloria Production S.A., Passage Food S.R.L., and Gloria Market S.R.L.—three companies within the Grande Gloria Production Group, headquartered in Galați. The group operates seven food and non-food production facilities, employs around 550 people, and recorded a combined turnover exceeding €40 million in 2023.

“Grande Gloria was one of the companies that responded quickly and effectively to market needs during the health…

A trusted shop manager stole £15,000 from his employer – including taking hundreds of pounds from the staff social fund – to finance his gambling debts, a court has heard. Richard Lewis continued helping himself to cash after being transferred to run a different branch but was eventually caught after discrepancies were spotted in the figures.

A judge told the dad-of-three that people had looked up to him but he had stolen money from his employer, and he said the defendant’s “selfish” and “devious” behaviour had initially caused suspicion to fall on those he worked with. The judge also said police had “dragged their feet” in investigating the thefts.

Caitlin Brazel, prosecuting, told Swansea Crown Court that the defendant had worked at…

The National Company Law Tribunal (NCLT) has declared Ansal API bankrupt, putting thousands of homebuyers and investors in a crisis. The tribunal has also appointed an Interim Resolution Professional (IRP) to handle the company’s projects, raising concerns about whether investors will ever get their money back.

What Went Wrong?

Ansal API had undertaken major real estate projects in Lucknow, Noida, and other cities, offering flats, plots, villas, and commercial spaces. However, despite selling properties since 2009, many investors have yet to receive possession. Some investors have waited for more than a decade, and now, with the company’s bankruptcy, their investments are at risk.

How Investors Got Trapped

• Investors paid for properties…

Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have been appointed joint provisional liquidators of the company, which traded as Orr Decorators.

Founded 40 years ago, Orr Decorators had a turnover of nearly £3 million and employed 32 staff. The business provided a wide range of painting, decorating and related services, including expertise in environmentally friendly coatings and finishes. Orr Decorators had built a portfolio of major projects across the construction, housing, distribution, healthcare, education, manufacturing and local authority…