Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The Cyprus Securities and Exchange Commission (CySEC) announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the
NEW DELHI: The Supreme Court on Thursday mulled setting up a committee to oversee the bidding process and appointment of a co-developer for the construction of stalled residential apartments, offices, retail space besides a luxury hotel by Supertech Realtors.
Supertech Realtors is a subsidiary of beleaguered realty major Supertech, which is facing insolvency proceedings along with some other group companies.
Supertech Realtors is developing the Supernova project at a cost of Rs 2,326.14 crore on a land measuring 70,002 square metre at Sector 94 in Noida.
The building under the project is believed to comprise 80 floors, being the…
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project.
Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million on a government loan that allowed the company to buy land near Montreal to build a $7-billion battery plant.
The government wants the court to launch creditor protection proceedings so that it can recover nearly $200 million from frozen bank accounts belonging to Northvolt and repossess the property where the factory was supposed to be built.
As online sportsbooks line up promotions for a new NFL season, Maryland experts and moms are sounding alarms about young men getting hooked on gambling.
Verizon flipped to the B-side of a recent run of contract wins with various US military divisions, upping a commitment to a debt relief programme for retired service personnel which has erased close to $9 million since launching in 2024.
The US operator partnered with ForgiveCo on the debt-relief programme and stated more than 6,000 veterans in the Great Lakes region had medical debt of $8.8 million wiped out so far.
Verizon committed a further $22 million to the programme until the close of 2026, offering retired personnel the chance to escape “the crushing weight of debt” as they move back into civilian life.
The corporate insolvency resolution process (CIRP) of Hindusthan National Glass & Industries Ltd. (HNGIL) — India’s oldest and once-largest container glass manufacturer — has snowballed into a full-blown regulatory and legal storm.
A 39-page legal notice addressed to the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Ministry of Finance, the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board of India (IBBI), and the Parliamentary Standing Committee on Finance has accused the resolution applicant, Independent Sugar Corporation Limited (INSCO), of pushing through a financing structure that is opaque, unlawful, and in direct violation of the country’s financial regulations and…
Employees are increasingly turning to their workplaces for financial guidance with 26% of participants in a new poll saying they rely on their employers for support with issues such as emergency savings and debt repayment.
The percentage has doubled in two years according to Bank of America’s newly released 2025 Workplace Benefits Report, produced with the Bank of America Institute, which is based on surveys of nearly 1,000 employees and 800 employers.
While 68% of workers say they are optimistic about their financial outlook over the next three years,…
It’s no secret that higher education is expensive. Although Texans owe less per borrower than their peers nationwide, $33,770 is the average student loan debt in Texas, according to the Education Data Initiative.
The Building a Talent Strong Texas plan aspires to address this by ensuring 95% of graduates complete college without undergraduate debt or manageable debt relative to their potential earnings. The state surpassed that goal in 2023.
Gov. Greg Abbott signed a law in 2023 that froze undergraduate tuition and fees for the 2023-24 and 2024-25 academic years. He later announced an extension of the tuition freeze in 2024, which lasts through the 2026-27 academic year.
For more on the Future of North Texas initiative, visit
Nigeria’s business landscape has always been dynamic, but in recent years it has become increasingly volatile. Currency fluctuations, inflationary pressures, tightening access to credit, and shifts in regulatory policies have all combined to push many Companies closer to financial distress. As the risk of being insolvent increases, businesses are finding themselves at critical crossroads where well-structured interventions determine whether they survive or collapse.
Traditionally, Nigerian insolvency practice leaned…
PayPlan, a leading UK provider of debt advice and support, has announced successful results from its partnership with support services provider MorganAsh – with the adoption of the MorganAsh Resilience System (MARS) delivering improvements in identifying and supporting vulnerable customers – and generating deeper management information.
For PayPlan, which provides debt advice and services including helping people set up debt management plans and individual voluntary arrangements, it is vital to identify customers’ vulnerabilities accurately and as early as possible. By adopting MARS, PayPlan has been able to enhance its vulnerability management process and identify those clients who may need additional…
