Detroit’s public school district is standing at a critical crossroads, grappling with decades of financial mismanagement and an uncertain path forward. The Detroit Public Schools Community District (DPSCD) is considering legal action against the state of Michigan to ensure the revenue from its 18-mill operating millage can be used to pay off all of its remaining debt—a significant burden the district incurred under state control. At the heart of this fight is the future of Detroit’s schoolchildren and the families that have long borne the brunt of disinvestment and mismanagement.

Superintendent Nikolai Vitti didn’t mince words at Tuesday’s school board meeting. He shared that the Michigan Department…

New funding has been awarded to advise people in Argyll and Bute struggling with Council Tax debt.

The Scottish Government has awarded £400,000 to Citizens Advice Scotland to build

on pilot schemes last year.

And Argyll & Bute is one of six new areas to be included, together with West Lothian, East Lothian, Dumfries & Galloway, Highland and East Renfrewshire.

The pilot bureaux gave targeted advice on Council Tax debt as well as wider support and also worked with councils to support best practice in Council Tax debt collection.

The additional funding was announced by Housing Minister Paul McLennan on a visit to West Lothian Citizen’s Advice Bureau, in Livingston, which will use the funding to provide more adviser hours and…

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The number of UK companies going bust increased last month, official data shows, as experts warned that more businesses face a “perilous financial position” as they remain weighed down by debts.

Official data from the Insolvency Service showed that the number of registered company insolvencies in England Wales totalled 1,966 in November.

This was 13% higher than the 1,743 reported in October, with nearly all types of company insolvency increasing.

This included an 8% month-on-month increase in the number of creditors’ voluntary liquidations (CVLs), at…

Calling for significant improvements with respect to the area of CoCs, Rao said even when the resolution plan is agreed upon, there have been instances of non-participation in the CoC meetings and a lack of effective engagement, coordination or information exchange among the members.

According to him, nominees of financial creditors in CoC are entrusted with responsibilities that far exceed their actual authority.

“It is in the larger interest of the creditors that issues related to the conduct are addressed by the members themselves without waiting for the regulatory prescription,” he said, adding when incentives are not perfectly aligned, deviations from best practices become the norm, he said, adding that “we need an enforceable code…

The government informed the Parliament on Tuesday that nearly 11.6 lakh women directors are currently associated with public and private companies in the country. The government continues to encourage women’s participation in decision-making at various levels in enterprises across the spectrum.

Minister of State for Corporate Affairs Harsh Malhotra told the Rajya Sabha in a written reply that while 11,11,040 women are directors in private companies (including OPCs), 46,939 are associated with unlisted public companies and 8,672 with listed public companies.

The MCA has included several provisions in the Companies Act, 2013, to boost women’s participation at top levels in companies, like making it mandatory for prescribed classes…