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…

The Orissa High Court has held that Directors can’t escape liability for cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881, merely because the company was declared insolvent and a Resolution Professional was appointed under the Insolvency and Bankruptcy Code, 2016.

The Court was considering an Application seeking issuance of summons to the Resolution Professional to represent one accused and to discharge another.

The Bench of Justice Chittaranjan Dash observed, “In view of the above position of law, there remains no ambiguity with respect to the principle propounded by the Hon’ble Supreme Court, namely, that the matter lying before the Resolution Professional pursuant to the order dated 08.11.2024 of the NCLT…

On Tuesday, the club was notified by the courts and must settle its debt with the Swiss fund AIS Investment Fund within five days to avoid ruin.

Now then, what does it mean to go bankrupt? The club emphasizes that for this to be declared, there must be a cessation of payments, that is, a situation in which the institution’s assets are insufficient to regularly meet its obligations.

For now, the Ciclón is not in that scenario: its employees continue to receive their salaries, despite the delicate economic situation and some delays with the professional squad.

And what does bankruptcy entail? Once declared, the courts appoint a trustee in charge of managing its finances. This figure takes control of the institution’s assets and income,…

On Tuesday, the club was notified by the court and must settle the debt with the Swiss fund AIS Investment Fund within five days to avoid ruin.

Now then, what does it mean to go bankrupt? The club emphasizes that for this to be declared, there must be a cessation of payments, that is, a situation where the institution’s assets are insufficient to regularly meet its obligations.

For the moment, the Ciclón is not in that scenario: its employees continue to receive their salaries, despite the delicate economic situation and some delays with the professional team.

And what does bankruptcy entail? Once declared, the court appoints a trustee responsible for managing its economy. This figure takes over the management of the institution’s assets…

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…

Figures released by The Salvation Army show that 509 clients have used the service over the past five years. In its first year, 103 people sought help, with numbers increasing annually. Last year, 160 people accessed support as more households struggled with debt linked to the rising cost of living.