An increasing number of Britons are turning to churches as the cost of living crisis continues to bite – for advice about debt, not simply spiritual consolation.

The growing demand for financial and legal advice from places of worship has left charities like Christians Against Poverty (CAP) “inundated” with people seeking support.

At St Peter’s Church, in Harold Wood, Essex, the debt centre – run by CAP – hit capacity for the first time this month since launching in 2021.

We speak to those running the services to find out why there has been such an…

An increasing number of Britons are turning to churches as the cost of living crisis continues to bite – for advice about debt, not simply spiritual consolation.

The growing demand for financial and legal advice from places of worship has left charities like Christians Against Poverty (CAP) “inundated” with people seeking support.

At St Peter’s Church, in Harold Wood, Essex, the debt centre – run by CAP – hit capacity for the first time this month since launching in 2021.

We speak to those running the services to find out why there has been such an…

Mumbai: In a pivotal decision, the Bombay High Court on Wednesday overturned an earlier order staying the winding-up proceedings of Swadeshi Mills Company Limited, effectively reviving its liquidation process.

The judgment followed an appeal by shareholders Bipin Bagadia and Ashish Mooni, challenging the stay granted by a lower court. The stay had been sought by Grand View Estates Private Limited and Forbes & Co. Ltd., entities within the Shapoorji Pallonji Group, which together hold a 52% stake in the company.

Advocates for the minority shareholders, Mohit Khanna and Vaibhav Jagdale, contended that the stay orders violated established legal principles. They cited Supreme Court…

Insolvency-related activities in Hampshire and the South East have slightly decreased, a report has revealed.

Trade body R3’s analysis of Creditsafe data showed a drop from 211 in November to 203 in December. This figure is still significantly lower than October’s 293, the highest since March 2022.

Neil Stewart, chairman of R3’s Southern and Thames Valley region, said: “Businesses have faced years of rising outgoings and falling margins since the pandemic, and now have to work out how they will fund further increases in wages and National Insurance as a result of the Chancellor’s national insurance plans” he said.

“If companies in some sectors, particularly retail and leisure, did not enjoy a festive bounce in trading figures,…

Star Entertainment shares have plunged by more than 20 per cent to an all-time low after the casino operator revealed its financial predicament has become more dire.

Star said on Wednesday evening it had $79 million in available cash at year-end, having burnt through $107 million in the past three months.

It has a potential lifeline in the form of a $100 million debt facility, but hasn’t been able to access that capital.

Star has already borrowed $434 million at a 13.5 per cent interest rate, and its lenders have imposed numerous conditions on that last debt tranche.

Star has more than 9000 employees at its casinos in Sydney, Brisbane and the Gold Coast.

“A number of these conditions remain challenging to meet given the Group’s current…

The Australian Government is taking decisive action to ensure the continuity of essential regional air services following Rex Airlines’ entry into voluntary administration in 2024.

In a significant move, the government has acquired $50 million of debt from PAGAC Regulus Holdings Limited (PAG). PAX is currently Rex’s largest creditor.

This acquisition aims to prevent the worst-case scenario – the liquidation of the regional airline. The government financial support measure aims to safeguard the vital connectivity of Australia’s regional and remote communities.

Latest Debt Acquisition by Albanese Government

By acquiring the debt, the government becomes the principal secured creditor. As such, it can actively…

A coalition of organisations, including debt help and mental health charities, has written to the Government , calling for an end to the “cruel and archaic” threat of imprisonment for non-payment of council tax in England .

StepChange Debt Charity, Christians Against Poverty, the Money and Mental Health Policy Institute and the Money Advice Trust are among those who have put their names to the letter.

It coincides with the release of research commissioned by StepChange,…

Ryan Boyajian, who along with fiancée Jennifer Pedranti appears on The Real Housewives of Orange County, is reportedly caught up in the $16 million gambling and theft scandal surrounding the former interpreter of Dodgers superstar Shohei Ohtani.

ESPN, citing multiple sources, reported that Boyajian is the bookmaker’s associate to whom interpreter Ippei Mizuhara wired money to pay his gambling debts.

Mizuhara today agreed to plead guilty to two federal charges related to the theft of nearly $17 million from the Dodger slugger’s bank account. Prosecutors say Mizuhara used that money to pay off illegal gambling debts.

Ippei Mizuhara, 39, could face more than 30 years in federal prison under the plea deal,…

One of the country’s biggest agribusinesses is joining court proceedings against oil company Olivado.

Seeka chief executive Michael Franks said his company was “particularly exercised” about the case.

Far North Avocado Suppliers, in liquidation itself, has applied to have Olivado liquidated at the High Court at Whangārei next month.

Seeka has joined the action against Olivado and requested lawyers take urgent action to place the company into liquidation.

Franks told the Herald that Seeka had serious concerns.

“Placing the company into liquidation will preserve the assets and maximise the potential returns to all creditors, without the risk of a fire sale at reduced values to the detriment of…