Insolvency Guardian Media Centre
Dempsey Auction Company Announces Landmark National Liquidation of 45+ Income-Producing Residential Properties in Rome, Georgia ACCESS Newswire
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Secretary, DFS chairs review meeting to discuss issues related to pending IBC cases at NCLT pib.gov.in
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Dempsey Auction Company Announces Landmark National Liquidation of 45+ Income-Producing Residential Properties in Rome, Georgia Charlotte Observer
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While carrying a balance on your credit card should never be your first choice, it’s growing increasingly unavoidable for many Americans. The most recent New York Fed report on household debt and credit showed credit card balances totaled $1.23 trillion in the third quarter, up $24 billion from the previous quarter and up 5.75% from a year ago.
If you’re in a position where you’re carrying a balance on a credit card, there’s a chance that a balance transfer card may make sense for you. A balance transfer credit card can help you temporarily avoid interest charges while paying down debt.
CNBC Select takes a look at how this record-high consumer credit card debt may be affecting people and ways a balance transfer card could help.
A closer…
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Further to its announcement on 27 October 2025, Petrofac (“Petrofac” or “the Group”) provides the following update.
As previously announced, Petrofac’s Executive Management is working alongside administrators of the Group’s ultimate holding company, Petrofac Limited (in administration), to preserve value, operational capability and ongoing delivery across the Group’s operating and trading entities. This includes M&A solutions with respect to Petrofac’s main operating divisions.
Petrofac International Limited (“PIL”), a subsidiary of Petrofac Limited (in administration), will shortly make an application to the Royal Court of Jersey seeking a letter of request under section 426 of the Insolvency Act 1986. The…
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A BELOVED furniture chain has begun liquidation sales after its parent company filed for bankruptcy.
The parent company, American Signature Inc. (ASI), confirmed the stores and websites will remain open to shoppers during the bankruptcy.
ASI, which operates furniture stores Value City Furniture and American Signature Furniture, filed for Chapter 11 bankruptcy, the company announced Sunday.
ASI operates over 120 stores in the U.S., 28 of which are Value City…
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Food redistribution platform, Yume Food Australia, has gone into liquidation after a decade of work reducing food waste – in partnership with companies including Sodexo, Unilever, Kellogg’s, Suez, and SecondBite.
Since it was founded in 2015, Yume has returned $30 million to Australian businesses and manufacturers and redistributed 11.5 million kilograms of quality food, avoiding 44 million kilograms of CO2 emissions and saving 2.5 billion litres of embedded water by reducing food waste.
Source: Yume
The company operated as a digital trading platform, enabling major food manufacturers to sell surplus products, and generating additional revenue whilst reducing food disposal, and…
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The Munich-based e-bike startup Sushi Bikes Sushi Mobility GmbH, the company behind the Sushi Bikes brand, faces an uncertain future. According to a ruling by the Munich District Court on November 14, 2025, preliminary insolvency proceedings have been initiated for Sushi Mobility GmbH. This means the company can only dispose of its assets with the administrator’s approval. The proceedings are designed to secure the company’s assets and assess its financial situation. A final decision regarding the company’s future is pending. Opening of insolvency proceedings However, this is still practically pending.
founder Andy Weinzierl confirmed to Munich Startup:
“We are currently examining the possibilities of a renovation.”
The…
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One of the UK’s largest metals firms has filed for compulsory liquidation facebook.com
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South Indian Bank (SIB) has announced the launch of SIB Power CONSOL, a new loan offering. It is designed to help customers manage multiple debts more efficiently through a single EMI payment.
The product targets salaried customers, Self-Employed Professionals and Self-Employed Non-Professionals aged between 30 and 55. Its aim is to simplify repayment and reduce the financial burden of managing multiple loans at once.
What is SIB Power CONSOL?
SIB Power CONSOL allows customers to consolidate various debts, including home loans, car loans, education loans, personal loans and consumer durable loans, into a single loan. This new loan offers a lower interest rate and a unified EMI. By doing this, SIB acts as a Debt Counsellor, providing a…
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Several entrepreneurs report abuses by insolvency administrators ipn.md