Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Business Liquidation Services MarketUSA, New Jersey- According to Market Research Intellect, the global Business Liquidation Services market in the Internet,
Access Denied You don't have permission to access "http://www.business-standard.com/companies/news/vedanta-group-submits-eoi-to-acquire-jaiprakash-associates-via-insolvency-125032800806_1.html" on this server. Reference #18.d1672817.1743161018.2455de7b https://errors.edgesuite.net/18.d1672817.1743161018.2455de7b Read the original article here
USA, New Jersey- According to Market Research Intellect, the global Business Liquidation Services 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 market for business liquidation services has grown steadily as more businesses encounter financial difficulties and require expert liquidation support. Many businesses choose liquidation as a way to settle debts and shut down operations due to variables like market conditions, economic downturns, and growing competition….
TORONTO, March 28, 2025 /CNW/ — Store Closing Sales have begun at most Hudson’s Bay Company (“HBC”) locations while it seeks to restructure its business. Participating in this sale are 73 Hudson’s Bay stores across the country, in addition to 2 Saks Fifth Avenue and 13 Saks OFF 5TH stores in Canada.
Historic store closing sales are underway at most Hudson’s Bay stores, Saks Fifth Avenue and Saks OFF 5TH stores in Canada as Hudson’s Bay Company seeks to restructure its business.
This announcement follows HBC’s filing under the Companies’ Creditors Arrangement Act (CCAA) and subsequent approval by an Ontario court to move forward with the commencement of liquidation of 88 stores.
What has been described as an “unprecedented level of debt,” the harsh economy has many Aussies struggling. As 2025 kicks off, one lender noted that brokers can help clients get their finances in order.
January is a troublesome time of year. Many are coming back to work after spending in excess over the break.
In fact, according to Pepper Money, debt in Australia has surged to over $2.1 trillion. Credit cards make up a large chunk of this, with a reported 12,132,305 credit cards in circulation nationally, as of October 2024.
Barry Saoud, general manager of mortgages and commercial lending at Pepper Money, described a culmination of high interest rates, stubborn inflation, and the unavoidable costs of the…
In this month’s edition of MoneyHelper’s monthly financial guidance column, Claudine Bell, Regional Manager for the South-East at the Money and Pensions Service (MaPS), talks about debt and how you can get free support.
What is problem debt?
Debt can happen in lots of different ways; you might borrow money on a credit card or loan and then find you struggle to keep up with the agreed repayments.
Or you may not have enough money to cover council tax or energy bill and start getting letters and calls asking you to repay the money you owe.
If something like this is happening to you then it’s time to seek help.
But don’t worry, there are friendly, non-judgemental debt advisers who can support you…
Energy prices are rising faster than benefits, wages or pensions, meaning the amount that UK households owe to energy suppliers – their energy debt – is also likely to grow.
On April 1 2025, the energy price cap, which is the maximum amount suppliers can charge, willrise by 6.4%. This is the third consecutive quarterly increase, and a rise of 9.4% compared with the limit set the previous April, which amounts to an increase of £159 on the typical bill.
Meanwhile, benefits such as universal credit are being increased byonly 1.7%, which will mean those on low incomes will find it challenging to pay for the energy they need. The increase is so low because, every April, benefits rise in line with the rate of overall inflation…
Leading cases show Quistclose trusts being used by companies nearing insolvency.Footnote 1 Their use in this context raises serious normative problems: allowing a lender or, in a Re Kayford trust, a purchaser, to make itself a beneficiary may prefer that lender or purchaser to the borrower’s other creditors. Use of funds subject to a Quistclose trust to pay a debt of the trustee may prefer the payee to the trustee’s other creditors. Because Quistclose trusts are not registered, outsiders to such trusts, such as borrower companies’ non-trust creditors, may mistakenly believe trust funds to be trust-free. These problems should be considered in deciding whether and when to recognise and enforce such trusts.
You don’t have permission to access “http://www.business-standard.com/companies/news/vedanta-group-submits-eoi-to-acquire-jaiprakash-associates-via-insolvency-125032800806_1.html” on this server.
In its final days in office, the Biden administration finalized a rule to eliminate nearly $50 billion in medical debt from 15 million Americans’ credit reports. But the rule betrays a complete misunderstanding of health economics — and like former President Biden’s other market interventions, it may only serve to make Americans worse off.
Medical debt simply isn’t the crisis many have made it out to be. A recent analysis from the Peterson-KFF Health System Tracker found that just 8% of American adults hold medical debt. Among those with outstanding healthcare bills, roughly half owe less than…
TV presenter Gail Porter has spoken out about her fears of facing homelessness again after being declared bankrupt and spending time on her friends’ sofas
Lauren Morris Live TV Editor and Tasha Hall Showbiz and Trends Reporter
10:43, 28 Mar 2025
Gail Porter has opened up about her experience homelessness on Good Morning Britain
TV presenter Gail Porter has candidly shared that she still harbours a fear of becoming homeless, years after experiencing it firsthand.
The former face of shows like Children’s BBC Scotland and Top of the Pops appeared on Good Morning Britain to discuss her involvement with Prince William’s charity, Homewards, focusing on homelessness.
Chatting with hosts Adil Ray and Charlotte Hawkins, the Scottish TV star…