Insolvency Guardian Media Centre
A bid to shutter a well-known Australian fashion retailer over an almost $70,000 debt has been thrown out of court.
General Pants Co, which operates 55 stores across Australia and New Zealand, was served with an insolvency claim by a supplier alleging the chain had failed to pay six invoices between October and December last year.
In a statutory demand for payment sent in June, UCC Company, an importer and wholesaler, claimed they had supplied General Pants Co with cameras and film and were owed $69,835.92.
“The goods were delivered and accepted by the debtor and the invoiced amounts remain due and payable,” the document stated.
According to court documents, General Pants Co failed to comply with the demand to settle the bill within…
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A man was arrested and charged with a federal crime last weekend after allegedly leaping off a Royal Caribbean cruise ship near Puerto Rico to avoid paying off more than $16,000 in gambling debt to the cruise line.
Jey Gonzalez-Diaz jumped into the water near the Port of Suan Juan at around 9:15 a.m. on Sunday after the ship’s return voyage from Barbados.
According to a criminal complaint filed with the U.S. District Court for the District of Puerto Rico, Gonzalez-Diaz fled the ship during a U.S. Customs and Border Protection (CBP) inspection.
Video surveillance captured the moment he was rescued and brought to shore by someone who was passing by on a jet ski, according to authorities.
The cruise ship, the Rhapsody of the Seas, had departed…
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Cruiser Arrested After Jumping Overboard Royal Caribbean Ship to Avoid $16,000 Debt Cruise Hive
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NOIDA: The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order of the National Company Law Tribunal (NCLT), which cancelled the admission of insolvency proceedings against Logix Infrastructure, builder of the delayed Blossom County project in Noida Sector 137.
The appeal was filed by Experts Realty Professionals, the financial creditor that started the corporate insolvency resolution process (CIRP).
A bench of Justice N Seshasayee and Arun Baroka…
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In the United States, credit card debt reached *** record high earlier this year of $1.21 trillion according to ABC News, and that problem’s only getting worse. In fact, according to Wallethub here in Florida, the state ranks number two in the nation for credit card. Delinquency rates of over 13%. We’ve seen *** really big increase in not only the number of people reaching out for help, but the average level of debt that they have, um, has increased to over $30,000. In tonight’s cover story, I’m digging into the debt problem where we live and the help that’s available here on the Gulf Coast. See both angels, right? Quiet as heck. Brad Vacaro is known for helping people over obstacles, literally. He lives in Collier County….
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The number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled from 300,000 in 2012 to more than one million at the end of 2024, with the number of customers falling behind on their gas bill also tripling from 300,000 to 900,000 over this period, according to Resolution Foundation research.
The Money On My Mind report suggests that positive trends among low to middle-income households included increased saving and falling credit card debts.
But new financial worries for families included rising energy debt and council tax arrears “that need to be addressed”, it said.
The report said the poorer half of the 13 million working-age families in Britain still struggled to save,…