While those sums are above average, Kilner has watched both his tally of clients and the depth of their gambling debts balloon in recent years. “Ten years ago I didn’t see anyone, because you’d actually have to go into a casino,” he added. “It’s just the last two, three years.”

Betting apps put young adults at risk

The rise of online sports betting and casino apps has yielded big profits for gambling companies. But insolvency and psychology experts warn of dire consequences for a growing number of Canadians—young men, in particular—and recommend counselling, a payback plan, and self-examination for those needing to dig themselves out of debt.

Compared to gamblers who exclusively played the lottery, Canadians who…

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The company behind the largest schools Private Finance Initiative (PFI) contract in England is going into liquidation, heightening concerns that 88 schools in Stoke-on-Trent could be left with unfinished building work and repairs.

Schools in the city have paid Transform Stoke Schools Ltd (TSSL) to keep their buildings in good condition over the course of a 25-year contract that expired on 25 October.

In a letter seen by the BBC, the chief executive of Stoke-on-Trent City Council told schools TSSL was going into Creditor Voluntary Liquidation – meaning its directors are taking steps to close it down.

The council told the BBC its priority was ensuring children have safe, high-quality buildings.

The council made clear as the contract drew to…

In a recent ruling, the equitable treatment of homebuyers under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has set aside the order of the Adjudicating Authority (NCLT) which had dismissed belated claims of several homebuyers in the Today Homes Noida Pvt. Ltd. insolvency proceedings.

The NCLAT, headed by Chairperson Justice Ashok Bhushan, delivered a composite judgment in a batch of appeals filed by multiple homebuyers, including Dr. Anubha Varun and others, challenging the NCLT’s order dated 22 January 2025 which dismissed their applications for acceptance of belated claims in the corporate insolvency resolution process (CIRP) of Today Homes…

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