Insolvency Guardian Media Centre
Queensland cosmetic chain buckles under 25 patient lawsuits The Courier Mail
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• MoF says Rs1.133tr repaid on Aug 29, on top of Rs500bn cleared in June; total early repayments cross Rs2.6tr
• Central bank debt reduced to Rs3.8tr from Rs5.5tr; average domestic debt maturity rises to 3.8 years
• Falling interest rates saved Rs800bn in FY25, easing taxpayer burden
ISLAMABAD: The government on Sunday said it had retired about Rs1.133tr debt to the State Bank of Pakistan (SBP), taking advantage of the central bank’s record profits driven by the highest interest rates in the country’s history.
“On August 29, 2025, the Debt Management Office (of the Ministry of Finance) executed another monumental repayment of Rs1.133 trillion,” the Ministry of Finance (MoF) said in a statement, adding that this came on…
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The soaring cost of living and financial pressures on families have forced six in 10 parents into debt to provide for their children.
That’s according to a survey of 2,000 parents of children aged 0–18, which examined the economic challenges and mounting debt families across America are facing.
Sixty-three percent of parents in debt admitted their financial situation is preventing them from providing for their children the way they’d like, significantly more than the 48% of parents without debt who feel the same way.
For parents in debt (77% of those surveyed), half (48%) said their debt is becoming “unmanageable.”
IN CASE YOU MISSED IT | Fueled by mortgages, household debt rises to record $18.39 trillion
According to the survey…
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According to officials, this suggests a growing preference among operational creditors in recent years for out-of-court settlements.
Between late 2016, when the Insolvency and Bankruptcy Code (IBC) came into effect, and June 2025, operational creditors initiated 3,963 cases, against 4,002 by their financial counterparts, mainly banks, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Another 522 companies voluntarily filed for bankruptcy.
In the June quarter, operational creditors…
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YOUNG ADULTS in Redditch are facing significant financial struggles with many battling debt and seeking help with budgeting, according to new figures released by debt help and budgeting charity, Christians Against Poverty (CAP).
CAP Redditch Debt Centre said 30 per cent of 18 to 34-year-olds were struggling to repay debt, compared to 23 per cent of those aged 35 to 54 and just seven per cent of over-55s.
In Redditch, 6.4 per cent of young people between the ages of 18 and 25 are not in employment, education or training. This is compared to 5.4 per cent for the whole of England.
Oasis Christian Centre is working with CAP to help young people in Redditch who are struggling financially.
Emma Marshall, CAP Redditch Debt Centre Manager,…
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Supreme Best Value Kolhapur (Shiroli) Sangli Tollways (SBVKSST), set up in 2011 for a four-laning project on the Shiroli-Sangli stretch in Maharashtra, had availed term loans from a consortium of lenders, initially led by L&T Finance and later joined by Union Bank of India, Central Bank of India and Canara Bank.
Appearing for Canara Bank, Yash Dhruva,…
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SINGAPORE – Local eatery Superfood Kitchen will enter voluntary liquidation with operations at its last outlet, in Raffles City, ceasing on Aug 31.
Superfood Kitchen faces mounting losses and was not able to agree on rental rates with the landlord, said its Singapore-listed parent, Autagco, in an Aug 31 bourse filing.
The eatery is the latest in a series of retail operators to shut down in the face of tough business conditions.
“Since its launch in 2022, Superfood Kitchen has been incurring accumulated losses amid rising operating costs and challenging business environment, with limited turnaround prospects,” said Autagco.
Superfood Kitchen had engaged its Raffles City landlord on renewal terms, but could not agree on rental…
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What Is Liquidation?
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims. General partners are subject to liquidation.
Liquidation can also mean selling poorly-performing goods at prices lower than their cost or the desired price.
Key Takeaways
- Liquidation involves ending a business and distributing its remaining assets to creditors and shareholders due to insolvency.
- During liquidation, assets are…
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Auditor flags Rs 63 crore as potentially fraudulent transactions in HNG Moneycontrol
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Siti Networks Limited ( (IN:SITINET) ) has issued an announcement.
Siti Networks Limited has disclosed a default on the payment of interest and principal on loans from several banks, amounting to INR 1,206.03 crore. The company is undergoing a Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code, with the National Company Law Tribunal (NCLT) upholding the process after dismissing an appeal. This development impacts the company’s financial stability and operational control, with the Interim Resolution…
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MJ classmate refused to cash $5 check after gambling debt and made huge profit talkSPORT
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MJ classmate refused to cash $5 check after gambling debt and made huge profit talkSPORT