$2.38m to preferential creditors (which include staff and Inland Revenue)

$8.37m to secured creditors (who have the right to sell debtors’ assets if they fall behind on payments)

$3.58m to unsecured creditors (who do not have the right to sell debtors’ assets if they fall behind on…

Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce

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Published Mar 18, 2025  •  Last updated 3 hours ago  •  4 minute read

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Hudson’s Bay is still trying to get a court order that will allow it to

[Editor’s Note: This article will continue to be updated as the CCAA creditor protection proceedings for Hudson’s Bay progresses. Last update: March 18, 2025.]

Canada’s oldest retailer and one of its most-storied companies, the Hudson’s Bay Company, is insolvent. It’s a stunning turn of events for a company that is so deeply ingrained in Canada’a history, and the company’s downfall will undoubtedly be thoroughly analyzed and studied in the days, weeks, and years to come.

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The Hudson’s Bay Company (HBC) was incorporated on May 2, 1670 — 354 years ago — and was granted creditor protection as an insolvent company under the Companies’ Creditors Arrangement Act on March 7, 2025.

Below is a timeline of the company’s extensive history, the…

New Delhi: JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun and Torrent are among the top business groups that have submitted expressions of interest (EoIs) for Jaiprakash Associates Ltd (JAL), which will go under the hammer in a court-monitored insolvency proceeding, according to people aware of the matter.

The Adani Group is also expected to submit an EoI before the final deadline of March 25 as is another large Delhi-based industrial house, they said. Kotak Alternate Assets is also in the fray. The assets may be worth over $2 billion or ₹17,300 crore as per sources familiar with preliminary discussions on their valuation.

The EoIs are the first stage in the bidding process as lenders look to find a new owner for JAL….

Summary: More than 100 members of the American Association of Orthodontists gathered in Washington, DC, the week of March 10, to advocate for policies that safeguard patients and improve access to orthodontic care.

Key Takeaways:

• AAO members convened in Washington, D.C. to advocate for policies that protect patients and expand access to orthodontic care.
• The AAO is urging lawmakers to support legislation to protect patients and improve healthcare savings options, especially through FSAs and HSAs.
• The AAO is also pushing for relief from the student debt burden that orthodontic residents face, advocating for policies that would ease their financial challenges.

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Over 100 members of the American…

The statement was cosigned by the Anglican Communion, Franciscans International, and Lutheran World Federation. 

Adenekan, currently a student at the Ecumenical Institute at Bossey, is conducting research with the WCC’s Living Planet Programme on the intersection of climate and debt in Nigeria and the role of churches as a contribution to the WCC’s Turn Debt into Hope Campaign.

“Many of these countries are spending more on servicing debt than on lifesaving public services and responding to the climate emergency,” Adenekan stated in his address to the UN Human Rights Council. “In other words, obligations to repay debt are preventing governments from meeting people’s rights to health, education, and a clean environment.”

He explained how…

Debt is more than just numbers. It’s stress, frustration and feeling overwhelmed. Collectively, consumers owed more than $18 trillion in debt and credit card debt hit a new high heading into 2025, burdens that likely have many searching for ways to steady their finances. 

“Mentally, [debt is] very discouraging, overwhelming and frustrating,” says Nia Adams, executive director at financial wellness consultancy Perspectives. “It makes [people]…