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Verify Debt Solutions Launches Innovative Debt Resolution Program to Help Clients Tackle Record-High Post-Holiday Interest Rates ACCESS Newswire Read the original
There were 2.9 million people with outstanding student debt in 2022-2023. The average HECS/HELP (Higher Education Commonwealth Support/Higher Education Loan
After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open.
Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all its other stores, and hopes to begin that process starting Monday.
Hudson’s Bay lawyer Ashley Taylor says the company is making the request because recent sales have exceeded the company’s expectations, allowing the retailer to keep operating six of the stores and pay back interim financing it received from a lender.
The company’s financial troubles have led to a flurry of sales from customers looking to snap up its famed striped products, for fear the retailer would close up shop for good.
Katie Price has given fans some good news this week (Picture: Getty)
Katie Price has declared that she’s already on her way to ‘making millions again’ – but a financial expert has warned she still needs to be careful in the future.
After a hearing earlier this year, Katie’s first bankruptcy – from 2019 – was discharged after a hearing at the Insolvency and Companies Court.
But after being given the same good news about her second bankruptcy, which had seen her owe more than three quarters of a million pounds, she’s been warned to be…
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open.
TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open.
Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday.
Hudson’s Bay lawyer Ashley Taylor says the company is making the request because recent sales have exceeded the company’s expectations, allowing the retailer to keep operating six of the stores and pay back interim financing it received from a lender.
The company’s financial troubles have led to a flurry of sales from customers looking to…
TORONTO – After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open.
Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday.
Hudson’s Bay lawyer Ashley Taylor says the company is making the request because recent sales have exceeded the company’s expectations, allowing the retailer to keep operating six of the stores and pay back interim financing it received from a lender.
The Hudson’s Bay department store is seen in downtown Montreal on Monday, March 17, 2025. THE CANADIAN PRESS/Christinne…
A recent meeting of the Niceair bankruptcy estate has confirmed that creditors will not receive any funds, as the estate was declared assetless.
According to the list of claims, creditors had filed for a total of 184 million ISK, consisting of 32.5 million ISK in priority claims, 144 million ISK in general claims, and an additional 1.6 million ISK in other claims. However, sources from mbl.is report that no repayments will be made.
Niceair was declared bankrupt in the spring of 2023. The airline’s board attributed the company’s downfall to severe operational setbacks caused by its aircraft provider, HiFly, which left Niceair without access to an aircraft.
The company has proposed to liquidate all 80 of its Hudson’s Bay outlets, its three Saks 5th Avenue stores, and its 13 Saks OFF 5th outlets by June 15, 2025, with the court’s approval. The move would put nearly 9,400 people out of work (1,229 in Alberta) and shutter the Hudson’s Bay outlet in St. Albert Centre.
A ruling on the liquidation was pending as this story went to…
There were 2.9 million people with outstanding student debt in 2022-2023. The average HECS/HELP (Higher Education Commonwealth Support/Higher Education Loan Program) debt for this cohort was $26,494. 21% of the cohort had debts above $40,000.
We’re often told that there’s good debt and there’s bad debt. Bad debt includes credit cards, personal loans – any debt that isn’t tied to an appreciating asset. ‘Good debt’ is tied to an investment or appreciating asset. HECS/HELP is often put in the ‘good debt’ column – you can view it as an investment loan in yourself.
The theory behind this is that you have taken this loan out to pay for tertiary education and qualifications that will make you more employable. It will make you…
