Project, which went into the insolvency process more than a year ago, is planned to be operational in time for mandatory food waste collections

by
Luke Walsh

COLORADO SPRINGS — As holiday bills roll in, credit card debt is top of mind for many Americans. Unfortunately, so are the people looking to take advantage of your personal debt problems.

U.S. credit card debt reached a record high of $1.166 trillion in 2024, according to the Federal Reserve.

J. Michael Skiba, MBA, PhD, international financial crime expert and program manager at Colorado State University Global, also known as Dr. Fraud, says people looking to prey on your debt are a major concern this time of year.

“This is usually when people are getting their credit card bills in,” Dr. Fraud said. “The fun of the holidays is over, so they’re kind of a little bit stressed about their finances.”

MORE | READ HERE ABOUT DEBT…

Richard Balfour-Lynn, the property magnate and founder of Balfour Winery, has been declared bankrupt, according to The Times, following his failure to pay millions in compensation to shareholders impacted by the collapse of MWB Group, the former parent company of luxury retailer Liberty. 

At the heart of the case is MWB Group, the holding company behind brands such as Hotel du Vin, Malmaison and Liberty. Balfour-Lynn served as chief executive until the business fell into administration in 2012. 

Alongside joint finance director Jagtar Singh and several other parties, Balfour-Lynn was found to have obscured the extent of their shareholdings through “a series of sham transactions involving…

New Delhi, Jan 27 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major.
     The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set aside a plea filed under Section 9 of IBC by K Lakshmi Narayana, Proprietor of Lalithambica Enterprises, alleging default.
     The NCLT had found that the sum of the invoices, which was within the three-year limitation period, was less than the threshold limit of Rs 1 crore.
     Besides, the appellate tribunal noted that HUL’s submission relates to a…

The listed owner of law firm Rosenblatt is headed towards administration after rescue talks collapsed, the company admitted today. 

RBG Holdings had been in discussions with its founder and biggest shareholder Ian Rosenblatt and one other party about securing a solution for the company, embroiled in a boardroom dispute. 

But in a statement to the London Stock Exchange today, the board ‘regrettably’ announced that while discussions with Rosenblatt Law Limited – a new entity co-founded by Ian Rosenblatt – were ongoing, talks with the other party had ceased.

The statement continued: ‘Having considered the company’s financial position and the lack of progress regarding the various strategic options explored, it is the board’s…