Insolvency Guardian Media Centre
Figures released today from Citizens Advice show that 4 million households in England and Wales are in a negative budget, where their incomes are too low to cover the bare essentials each month.
If you are struggling, fill out MoneyHelper’s budget planner, external.
The budget planner adds up all your income and outgoings, and then shows you what’s left over. It breaks down where you’re spending your money, giving you an idea of where you might be able to make savings and cut costs.
If you’re falling short, get help right away from the main debt advice organisations like StepChange, external and National Debtline, external.
Read the original article here
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted a plea by Lepton Software Export and Research Pvt. Ltd to initiate insolvency proceedings against BluSmart Mobility Tech Pvt. Ltd., a subsidiary of Blu-Smart Mobility Limited (parent company) which is already undergoing the Corporate Insolvency Resolution Process (CIRP) [Lepton Software Export Vs Blu Smart Mobility Tech].
Read the original article here
Regional Express Airlines has found a buyer after the company went into voluntary administration last July.
In a statement on Tuesday evening, administrators confirmed they had entered into a sale and implementation deed with Air T, a US-based air services company.
The process will result in the sale and recapitalisation of business operations, with an update on proceedings to be provided ahead of a second meeting with creditors.
“The Administrators would like to thank the Australian Government for their support to date in assisting to facilitate the proposed transaction,” a statement read.
Loading
Read the original article here
Portsmouth’s last remaining Pizza Hut restaurant set to close portsmouth.co.uk
Read the original article here
‘Stable stress’ across the North East as insolvency figures decrease but remain high Insider Media Ltd
Read the original article here
Continuing high levels of corporate insolvencies in England and Wales indicate a sense of ‘stable stress’ across the local economy, with latest figures highlighting only a marginal decrease in numbers.
This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of new statistics published by the Insolvency Service which show that corporate insolvencies decreased by 2% in September to a total of 2,000 compared to the previous month. There was also a marginal fall in August of 1.7% against July’s total of 2,083.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “We may be seeing some small decreases in…
Read the original article here
Under the agreement filed on Friday, the Department of Education will begin cancelling loans for borrowers enrolled in income-driven repayment (IDR) plans who have met the required number of qualifying payments.
Why the Trump administration changed course
The settlement marks a reversal from earlier this year when the Trump administration temporarily paused forgiveness under certain income-based repayment programs. These…
Read the original article here
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
American Shipping Company ASA ( (ASCJF) ) has provided an update.
American Shipping Company ASA, currently under liquidation, announced a liquidation dividend distribution of NOK 1.481 per share, totaling NOK 106,430,344. The shares will trade ex-rights from 21 October 2025, with the record date set for 22 October 2025, and payment expected around 29 October 2025.
More about American Shipping Company ASA
Average Trading Volume: 399,622
Current Market Cap: NOK106.1M
Find detailed analytics on ASCJF stock on TipRanks’ Stock Analysis page.
Read the original article here
Millions of student loan borrowers will see the “light at the end of the tunnel” after the Trump administration agreed to reinstate loan forgiveness plans it had partially blocked following a court battle.
According to New York Post, the Trump administration reached an agreement with the American Federation of Teachers to approve student debt cancellation for millions of borrowers who continually make their regular payments.
The AFT and Department of Education came to an agreement Friday to begin cancelling student loans for borrowers enrolled in income-driven repayment plans, according to a joint status report filed the…
Read the original article here
Sydney radio host’s restaurant dramatically shuts doors amid liquidation Sky News Australia
Read the original article here
Ordinary Court of Rovereto accepts petitions for liquidation filed by Marangoni Meccanica, one of its creditors
Rovereto, Italy – A local court has declared the opening of judicial liquidation proceedings against Marangoni Meccanica S.p.A., marking the formal end of the company’s earlier attempt to restructure its debt.
In a ruling dated 23 Sept 2025, the Ordinary Court of Rovereto closed the company’s composition with creditors procedure and accepted petitions for liquidation filed both by Marangoni Meccanica and one of its creditors, Daema Automations Srl.
The court noted that Daema Automations had asked “that the request for approval of the composition plan be rejected, declaring instead the opening of judicial…
Read the original article here
Global insolvencies: still waiting for tariffs? Allianz Trade