Insolvency proceedings for the Gernsbach-based packaging producer Casimir Kast Packaging & Display have now been formally opened.

According to the entry published in the German insolvency register, the District Court appointed attorney Dr Dirk Pehl of Schultze & Braun as insolvency administrator with effect from 1 December 2025.

The company had filed for the opening of insolvency proceedings in September with the declared aim of restructuring the business and ensuring its continued operation. Production has reportedly been maintained in full since then and will continue until further notice. The company cited a strained economic environment and sharply rising prices for materials and energy as the main factors behind the liquidity…

The National Debt Counselling Association (NDCA) has proposed that the government must enhance standards in the sector and prevent unregistered or unethical practitioners from posing as legitimate debt counsellors.

The proposal was recently submitted to the department of trade, industry and competition, the National Credit Regulator and other debt-counselling industry players

The NDCA said it hopes some of the recommendations will be included in amendments to the National Credit Act and its regulations.

René Moonsamy, head of the NDCA, said the proposal — which aims to align the sector with the rest of the financial services industry — will be based on existing regulations in the National Credit Act, but enhanced by provisions of the…

(The Center Square) – A Latino political action group helped with the purchase of $133 million in medical debt among Nevada residents in Clark and Washoe counties. 

The joint debt relief effort by Latino group Somos Votantes and the nonprofit Undue Medical Debt drew attention to a national trend of mounting health care costs.

“There are thousands of people out there who are really struggling with the high cost of living, who are really struggling with the high cost of health care,” Emmanuelle Santillan, the Somos Votantes national communications director, told The Center Square. “We hope that this…

PRS Reit (The)    moved a step closer to winding down on Thursday, after publishing a circular outlining plans for a members’ voluntary liquidation, following shareholder approval last month for the sale of its holding company.
The FTSE 250 company’s board said completion of the sale of PRS HoldCo was expected on or around 11 December, after which it would seek investor consent to liquidate the company.

A general meeting would be held on 5 January at Dentons’ London offices, where a special resolution requiring approval from at least 75% of votes cast would be put to shareholders.

If approved, shareholders stood to receive distributions broadly in line with the company’s adjusted net assets of 114.9p per share.

The board said it expected…

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Lenders

We are on the legal panels of most of the major retail banks in the UK, as well as independent asset-based lenders. We have particular expertise in managing volume LPA receiverships.

Insolvency practitioners and restructuring professionals

We help practitioners with the appointment of insolvency office holders, sale of assets, dispute resolution and the discharge of their duties (both for corporate and personal insolvency matters).

Businesses and stakeholders

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

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