Insolvency Guardian Media Centre

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.
Liquidation Sale Now Underway at Majority of Hudson's Bay Company Stores Across Canada  Barchart Read the original article here
SDAI Limited Provides Update on Subsidiary Liquidation  TipRanks Read the original article here
ManufacturingDealsTrading in the shares of historic North East tech firm Zytronic is to be suspended next week. Gateshead-headquartered Zytronic, a
Awilco Drilling PLC ('Awilco Drilling' or the 'Company') announces that its Board of Directors has resolved an interim dividend payment
Liquidation sales underway at Hudson’s Bay stores  CTV News Read the original article here
MoneyPublished: March 28, 2025 at 11:23AM EDTA pedestrian passes the Hudson's Bay store in downtown Calgary, Alta., Thursday, March 20, 2025.
Business Liquidation Services MarketUSA, New Jersey- According to Market Research Intellect, the global Business Liquidation Services market in the Internet,
TORONTO, March 28, 2025 /CNW/ -- Store Closing Sales have begun at most Hudson's Bay Company ("HBC") locations while it
North Shire wedding venue owner has 'lost everything' as brides-to-be receive liquidation emails  Teesside Live Read the original article here
What has been described as an “unprecedented level of debt,” the harsh economy has many Aussies struggling. As 2025 kicks
In this month’s edition of MoneyHelper’s monthly financial guidance column, Claudine Bell, Regional Manager for the South-East at the Money
Energy prices are rising faster than benefits, wages or pensions, meaning the amount that UK households owe to energy suppliers

Liquidation Sale Now Underway at Majority of Hudson’s Bay Company Stores Across Canada  Barchart

Read the original article here

SDAI Limited Provides Update on Subsidiary Liquidation  TipRanks

Read the original article here

ManufacturingDeals

Trading in the shares of historic North East tech firm Zytronic is to be suspended next week.

Gateshead-headquartered Zytronic, a manufacturer of touch overlay sensors for interactive displays dating back to the 1940s, employs more than 100 people.

In consultation with FRP Advisory Trading Limited, it is winding down operations after considering several options including solvent liquidation or a sale following a strategic review. The company appointed a new chair in 2023 in a bid to turn around its fortunes after sales failed to recover to pre-COVID levels.

Today Zytronic notified the London Stock Exchange that its annual report and accounts for FY24 – covering the 12 months to 30th September 2024 –  will not be…

Read the original article here

Awilco Drilling PLC (‘Awilco Drilling’ or the ‘Company’) announces that its Board of Directors has resolved an interim dividend payment payable in Q2 2025 of USD 2.06 per share. The shares will trade ex-dividend on 1 April 205, the record date is 2 April 2025, and the payment date is on or around 11 April 2025.

The Company has considered several strategic alternatives, but the investment opportunities have not met the required thresholds for the Board to recommend…

Read the original article here

Liquidation sales underway at Hudson’s Bay stores  CTV News

Read the original article here

Money

Published

A pedestrian passes the Hudson’s Bay store in downtown Calgary, Alta., Thursday, March 20, 2025. THE CANADIAN PRESS/Jeff McIntosh

Most Hudson’s Bay Company stores across Canada have launched liquidation sales offering “unprecedented savings,” as Canada’s oldest company seeks to restructure itself.

Discounts of up to 40 per cent off lowest ticketed prices are on offer, the company said in a press release. A list of participating stores is available here.

This is a breaking story. More details to come.

Read the original article here

Business Liquidation Services Market

Business Liquidation Services Market

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….

Read the original article here

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.
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.

The sales will offer unprecedented…

Read the original article here

North Shire wedding venue owner has ‘lost everything’ as brides-to-be receive liquidation emails  Teesside Live

Read the original article here

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…

Read the original article here

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.

 

  1. 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…

Read the original article here

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, will rise 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 by only 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…

Read the original article here