Insolvency Guardian Media Centre
Black Friday is just around the corner, promising irresistible deals and discounts. But amidst the frenzy, it’s easy to overspend and find yourself in financial trouble. To help you enjoy the shopping season without breaking the bank, here are five practical tips:
1. Set a Budget and Stick to It
Before you even browse the deals, decide on a maximum amount you’re willing to spend. List the items you actually need, and allocate funds accordingly. By sticking to your budget, you’ll avoid impulsive purchases that drain your wallet.
2. Research in Advance
The best deals often require some homework. Compare prices across different retailers beforehand to ensure you’re getting true discounts….
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South Korean crypto platform Delio declared bankrupt, owing $1.75 billion MSN
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‘We don’t want to go bankrupt’: Stockport council defends £59 charge Manchester Evening News
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KTM Is Nearly Bankrupt, Files to Save the Company From Insolvency MSN
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The Insolvency and Bankruptcy Board of India’s (IBBI) proposal to include an option of mediation for operational creditors (OCs) under the Insolvency and Bankruptcy Code (IBC), should be looked into “seriously”, as it will cut the burden of NCLTs, said Anita Shah Akella, joint secretary, ministry of corporate affairs on Tuesday.
“The (voluntary mediation) proposal needs to be looked into seriously, as about 70% of withdrawal in pre-admission stage (of corporate insolvency resolution process) is mostly by the OCs,” Akella said at the IIIPI’s 8th Foundation Day event.
“The OCs are using IBC more like a recovery mechanism…Once the voluntary mediation procedure is introduced, the OC cases will reduce to a large extent,…
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Times are tough for KTM’s parent company Pierer Mobility AG.
Though it has some of the best motorcycles around, one of which I still dream about and peruse the classifieds for on a weekly basis, the brand’s market share has essentially dropped off a cliff in recent years. There are obvious reasons for this fall, such as interest rates being what they are, wages being what they aren’t, a chaotic world, and consumer spending falling like a stone, among other macroeconomic factors such as parts shortages, longer lead times, manufacturing issues, and more.
KTM has also made some unforced errors that haven’t been kind to it either.
And after reporting on the brand seeking…
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The Court of Auditors (Cour des Comptes) on 26 November issued its opinion on the draft law on the state revenue and expenditure budget for 2025 and the draft law on multiannual financial programming for the period 2024-2028. The opinion deplores the tripling of the country’s debt since 2008 and, above all, the lack of “any strategy to rebalance the budget in the short and/or medium term.” “As a small, open economy, Luxembourg is particularly exposed to external shocks and must therefore have more budgetary room for manoeuvre than large, less vulnerable economies,” says the Court of Audit. In view of the increasing number of geopolitical and environmental crises, it notes that “it would be useful for the government to devise…
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Tariffs: What you need to know
President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States.
Here’s what you need to know.
Tariffs are a tax on imports
They are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.
The tariff rates range from passenger cars (2.5%) to golf shoes (6%). Tariffs can be lower for countries with which the United States has trade agreements. For example, most goods can move among the United States, Mexico and Canada tariff-free because of Trump’s…
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SolarZero Limited (in liquidation) directors have requested its senior lenders take enforcement action and appoint the standby servicer Verofi as a replacement servicer, and that its shareholder appoint a liquidator.
Customers will not be affected by the liquidation announcement, says SolarZero.
Ahead of the liquidation, the senior lenders appointed Verofi as the replacement service provider to ensure energy services to customers across the country were uninterrupted.
The directors have advised company employees that due to unsustainable operating losses, and liquidity constraints, the business is unable to continue trading in its current form.
The company says it ceased operations from 4pm on Tuesday November…
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Companies
New portal will show number of firms going to the wall after warning from state’s competitiveness council
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The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the National Company Law Tribunal (NCLT), which had in March this year dismissed the insolvency plea filed by Multiplier Brand Solutions.
Multiplier Brand Solutions had filed the plea under Section 9 of the Insolvency & Bankruptcy Code. It had alleged a default of Rs 3.7 crore for eight invoices raised between March 2023 and May 2023.
However, rejecting it, NCLAT said the “claim of Appellant for payment of invoices which are the subject matter…