Insolvency Guardian Media Centre
Ant Middleton banned as company director over £1m unpaid tax AOL UK
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In a landmark development, the Chief Judge of the Federal High Court, Justice John Tsoho, has announced the creation of an Insolvency Unit aimed at streamlining the debt recovery process in Nigeria.
This new initiative, as confirmed by the court’s Chief Registrar, Sulaiman Hassan, is designed to enhance the efficiency of insolvency proceedings and provide specialized services in line with global standards.
The creation of the Insolvency Unit aligns with key legal frameworks, including the Companies and Allied Matters Act (CAMA) 2020, the Assets Management Corporation of Nigeria (AMCON) Act 2019 (as amended), the Nigeria Deposit Insurance Corporation (NDIC) Act 2024, and the Bankruptcy Act, 2010.
Hassan explained that the…
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The cost of living crisis and the housing crisis mean more people than ever are struggling to manage their household budgets. Research shows that 92 percent of people struggling with debt wished they’d gotten debt advice sooner.
The council’s partnership has been established to tackle this issue and ensure that residents are able to get debt support quickly and easily.
It builds on previous work StepChange and the council have done over the past 12-months, with the charity having already helped more than 500 Lambeth reduce their debt by £280,000.
The new partnership aims to make the support available to more people in Lambeth.
Cllr Nanda Manley-Browne, Lambeth’s joint Cabinet Member for Equalities,…
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Puerto Rican power utility files for bankruptcy Reuters
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Debt Awareness Week 2025: 13 expert tips to tackle debt and regain control Yorkshire Evening Post
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TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep a half-dozen stores open — for now.
Canada’s oldest company was in court Monday to seek permission from an Ontario judge to liquidate all but six stores starting Monday.
The six stores Hudson’s Bay wants to save from the liquidation sale include the flagship location on Yonge Street in Toronto, as well as a store in the city’s Yorkdale mall and another at Hillcrest Mall in Richmond Hill, Ont. The remaining three are in Montreal, the Carrefour Laval mall and Pointe-Claire, Que.
The company did not say how deep the discounts at the remaining stores will be during the liquidation period, which would run until June 15. It is promising to…
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Debt Awareness Week 2025: 13 expert tips to tackle debt and regain control The Scotsman
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Austrans is not the first business associated with O’Shea that has collapsed.Credit: Instagram
O’Shea, who took over the 37-year-old business from his father, said it had been sabotaged by a rival transport company, which he accused of illegally suspending its services to derail Austrans and its holding company, Vermile Pty Ltd.
“I categorically deny all the allegations in the liquidator’s report. The report is vague, outdated and contains inaccuracies concerning the inflated debt of $116 million which has been substantially exaggerated due to excited creditors adding a decimal point here, and a few extra zeros there,” O’Shea said.
“When the time comes for Cor Cordis to substantiate the debt of $116 million, I’ll be happy…
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TORONTO — Canada’s oldest company will begin liquidating most of its stores this morning.
Hudson’s Bay says all but six of its locations will be selling off their inventory.
The company is aiming to wrap up the liquidation by June 15. Gift cards will be accepted until April 6, but loyalty points cannot be used.
The six stores omitted from the liquidation sales include the flagship on Yonge Street in Toronto, as well as a location in the city’s Yorkdale mall and another farther north in Hillcrest Mall in Richmond Hill, Ont.
The remaining three span downtown Montreal, the Carrefour Laval mall and Point-Claire, Que.
The liquidation comes after the company filed for creditor protection earlier this month, saying it was…
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Freight empire collapses owing $116m Herald Sun
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Hudson’s Bay liquidation sales begin at all but six of its stores CTV News
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High Court Creates Insolvency Unit To Streamline Debt Recovery Channels Television