Insolvency Guardian Media Centre
A Business Canterbury board member’s company has gone into liquidation owing an estimated $825,000.
Grant Walker, who sits on the board of the Business Canterbury, is the director of Central Business Admin Limited, which was placed into liquidation on 14 October.
The Christchurch-based company, formerly known as 2BC Holdings Limited and trading as 2B Connected NZ, operated an outsourced call centre from its Riccarton office before ceasing trading on 31 July.
Liquidator Brenton Hunt of Insolvency Matters Limited said the company became insolvent after one of its major clients went into liquidation, putting severe pressure on cash flow.
According to the liquidator’s initial report, staff were terminated and company assets were sold to…
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Panaji: As govt braces for the steep rise in loan repayment over the next five years, it is turning to the Guarantee Redemption Fund (GRF) to help manage the debt that piled up over the last 15 years. Govt explicitly tweaked the rules to permit the use of this contingency fund, allowing the use of surplus funds for debt management. The decision moves the GRF from a strictly contingent-liability reserve toward an instrument that can be tapped proactively to repay loans once a surplus exists.A corrigendum bringing this tweak into effect was issued on Thursday, where the finance department modified two key clauses of the GRF scheme. The change permits govt to withdraw any amount in excess of 5% of the accumulated GRF corpus.The GRF,…
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Bally’s Corp. is in a standoff with its lenders, a battle that could have consequences for the junk-rated casino operator and Chicago’s underfunded pension plans.
A group of lenders have banded together in a cooperation pact to block Bally’s latest attempt on Tuesday to amend some of its roughly $1.9 billion term loan, according to people with knowledge of the matter.
Bally’s had failed to secure their support by last week’s deadline, with investors concerned about the value of their collateral and future paydowns, said the people, who asked not to be identified discussing a private situation.
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Construction company Signature Builders Group, LLC has filed for Chapter 11 bankruptcy with The Florida Southern Bankruptcy Court. The case was filed on October 15 under docket number 9:25-bk-22120.
Boynton Beach Construction Company Files for Chapter 11 Bankruptcy
Located in Boynton Beach, Signature Builders Group, LLC is a family-owned construction firm that specializes in new projects and residential remodeling.
The filing is listed as “No-Asset,” meaning the company has no significant assets to pay creditors. The company has not yet disclosed its liabilities.
According to Pacermonitor, the company submitted its voluntary Chapter 7 petition on October 15, paying a filing fee of $338. Attorney Robert C. Furr filed a Disclosure of…
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Federal student loans are disappearing — but only for borrowers who did this one thing Fast Company
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Finance ministers and central bank governors from the world’s largest economies have reaffirmed their commitment to stabilising global growth, tackling debt vulnerabilities, and enhancing Africa’s voice in global financial governance.
The two-day meeting held in Washington, D.C., brought together key global policymakers amid an environment of persistent uncertainty, geopolitical tensions, and uneven post-pandemic recovery.
The G20 noted that the global economy remained resilient in the first half of 2025 but continues to face elevated uncertainty due to ongoing conflicts, supply chain disruptions, high debt levels, and climate-related shocks.
While disinflation is progressing across several economies, co-chair and South Africa’s deputy…
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G20 finance chiefs push for sustainable growth, debt relief, and stronger African engagement IOL
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Finance ministers and central bank governors from the world’s largest economies have reaffirmed their commitment to stabilising global growth, tackling debt vulnerabilities, and enhancing Africa’s voice in global financial governance.
The two-day meeting held in Washington, D.C., brought together key global policymakers amid an environment of persistent uncertainty, geopolitical tensions, and uneven post-pandemic recovery.
The G20 noted that the global economy remained resilient in the first half of 2025 but continues to face elevated uncertainty due to ongoing conflicts, supply chain disruptions, high debt levels, and climate-related shocks.
While disinflation is progressing across several economies, co-chair and South…
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‘Collateral damage’: Company sinks owing $825k after big customer folds The Press
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Directors Can’t Skip Liability For Cheque Dishonour Merely Because Company Is Declared Insolvent: Orissa HC Odisha Bytes
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Daily 5 report for Oct. 16: Multibillion-dollar scandal emerges at Trico, Fram parent company Automotive News
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Wednesday are second bottom of the Championship with six points from nine games after a torrid period off the field, which has left them with a threadbare squad.
The severity of the situation became apparent when May’s wages were not paid on time, in the wake of the same thing happening in March.
With uncertainty ongoing and the club placed under various registration embargoes, highly-rated manager Danny Rohl departed in July and his assistant Henrik Pedersen took charge 10 days before the season started.
The team did not play a single pre-season friendly in front of fans and players pulled out of a training match against Burnley after July’s wages were not paid.
Fans have organised protests before and during games so far this season and…