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Debt Consolidation MarketUSA, New Jersey- According to Market Research Intellect, the global Debt Consolidation market in the Internet, Communication and
Mumbai, April 2, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench-IV, has admitted an insolvency petition filed by Maheshwari Fuelchem Private
USA, New Jersey- According to Market Research Intellect, the global Debt Consolidation market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The debt consolidation market is expected to experience significant growth from 2025 to 2032, with a compound annual growth rate (CAGR) of approximately 5% to 7%. Valued at around USD 12 billion in 2025, the market is projected to reach nearly USD 21 billion by 2032. This growth is driven by the rising level of personal debt, particularly in…
Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny.
Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under the Bankruptcy and Insolvency Act, a process that gives financially strained companies 30 days of protection from creditors while they come up with a plan to restructure.
Trochu is where Sunterra processes its pork in Alberta. The facility was damaged in a fire last summer and has not yet reopened.
Sunwold Farms is a pig operation in South Dakota where Sunterra…
Insolvency-related activity increased by more than 23 per cent in Wiltshire, the Thames Valley, and the wider South East for the second consecutive month, says R3, the UK’s insolvency and restructuring trade body.
R3’s analysis of data provided by Creditsafe indicated a rise in insolvency-related activities from 212 in February to 262 in March.
The figures include administrator and liquidator appointments together with creditors’ meetings.
The South East figure for insolvency-related activities is the sixth highest in the UK, behind Greater London, which has 560, the North West 457, East Anglia 387, the…
The US genetic testing company 23andMe has filed for bankruptcy protection in the US to help sell itself, as its chief executive quit to pursue a bid for the business after several unsuccessful attempts.
23andMe said late on Sunday that it had started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Eastern District of Missouri to “facilitate a sale process to maximise the value of its business”.
The loss-making company, which provides saliva-based test kits to customers to help them track their ancestry, added that it was operating as usual throughout the sale process. “There are no changes to the way the company stores, manages, or protects customer data,” it said.
Mumbai, April 2, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench-IV, has admitted an insolvency petition filed by Maheshwari Fuelchem Private Limited under Section 9 of IBC against New Bombay Paper Mills Private Limited for a default of ₹3.02 crore. The tribunal ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC), 2016.
Key Details of the Case
Operational Creditor: Maheshwari Fuelchem Pvt. Ltd. (supplier of coal).
Corporate Debtor: New Bombay Paper Mills Pvt. Ltd. (engaged in paper manufacturing).
Default Amount: ₹3,02,31,477 (principal) + 15% interest from July 10, 2023.
Bankruptcy is just one solution worth considering when you have $20,000 (or more) in credit card debt.
Getty Images
Credit card debt has a way of sneaking up on people, especially in today’s high-rate environment. One month your card balance is a few hundred dollars, which is manageable enough for the average person. But all it takes is a few extra swipes of the card for the next month’s balance to be in the thousands. And, if you continue down that path, before you know it, you could be staring down a $20,000 credit card…
The bench found that the MSME Council Awards were passed in 2011 and had attained finality in 2013, whereas the present Application was filed on 23.03.2022.
The National Company Law Tribunal (NCLT) Mumbai bench has ruled that, in accordance with Article 137 of the Limitation Act, 1963 (Limitation Act) read with Section 238A of the Code, an application submitted under Section 9 of the Insolvency and Bankruptcy Code, 2016 (Code) based on an arbitral award rendered in favor of the operational creditor cannot be admitted after three years from the date of the award.
Sunterra takes steps toward creditor protection while U.S. subsidiaries face legal scrutiny
New | Paula Duhatschek | CBC News | Posted: April 10, 2025 4:12 PM | Last Updated: Just now
Company known for agriculture and high-end grocery operations in Alberta
Image | Sunterra
Caption: A Sunterra Market location is pictured on Sirocco Drive in Calgary. (Eric Duhatschek/CBC)
Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny.
Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all…
In a world economy rocked by the whiplash of American trade tariffs that has spared few countries, the U.S. Conference of Catholic Bishops and Jubilee USA Network, an interfaith development group, have a proposition for President Donald Trump: Forgive some debts.
In a joint letter dated April 8, the two organizations wrote Trump, encouraging him to build on global debt relief efforts from his first term.
According to the United Nations, the external debt — money owed to foreign creditors — of developing countries has quadrupled in two decades to a record $11.4 trillion in 2023, equivalent to 99% of their export earnings.
“Debt relief and restructuring make effective economic and security policy,…
