• Kulbarg Singh has been banned as a director after selling £1.5 million worth of assets for under £500,000 to another company which he also controlled 

• The sales in 2021 included seven historic cars – including three Rolls Royces 

• Singh’s disqualification means he cannot direct any company until 2031  

A Staffordshire businessman who sold seven historic cars including two Jaguars and three Rolls-Royces for just £1 to another company he also controlled has been banned as a director. 

Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021. 

At least £1.5 million of company assets were…

Last year about one in three Americans carried medical debt, and nearly one third of them took out loans — totaling 74 billion dollars. We hear about ‘Dollar For’ – a non profit that teaches people how to eliminate medical debt by accessing financial assistance hospitals are legally required to provide. We talk with founder Jared Walker, and Sally Kervin and Nayano Taylor-Neumann, two Marylanders who had their medical debt erased.

The tween jewellery and ear piercing retailer Claire’s has declared bankruptcy for the second time in seven years as it struggles amid a slowdown in consumer spending and the switch to online shopping.

The US accessories retailer, which has more than 2,700 stores in 17 countries including the UK and France, said in papers filed with the US bankruptcy court in Delaware that it had debts of between $1bn and $10bn.

Uncertainty about Donald Trump’s tariff policy has raised questions about Claire’s ability to deal with a nearly $500m loan which is due for repayment in December 2026.

Chris Cramer, the chief executive of Claire’s, said: “This decision is difficult, but a necessary one. Increased competition, consumer spending trends and…

AMERICANS have until September 15 to get a $5,000 debt relief payment from a $9 million pot.

The payment aims to support one of the most contentious debt types in the country, and affects one in four adults.

Student loan repayments are one of the most prevalent forms of debt in the US.

Pew Research recently found that one in four adults under 40 carry student loan debt, typically between $20,000 and $25,000.

But Americans are being offered a financial relief to ease the struggle through the Maryland Higher Education Commission (MHEC).

The MHEC is now offering those in the state of Maryland the chance to receive…

The company runs two outlets in Shropshire, in Telford and Shrewsbury, among around 280 stores in the UK. In total, Claire’s runs 2,750 stores across 17 countries, employing around 5,000 people across its operation.

The US-based fashion accessories and jewellery business has filed for Chapter 11 bankruptcy in a court in Delaware, according to new filings.

It is the second time the group has declared bankruptcy, after first filing for the process in 2018 after it was unable to repay a loan.

Bosses at the Darwin Centre, where the chain’s Shrewsbury outlet is based, declined to comment this morning. The Telford Centre did not immediately respond to a request for comment.

Last month,…

A sharp decline in sales has pushed automotive supplier Weberit Plastics Technologies (Oberlahr, Germany; www.weberit.com) into financial distress, prompting the company to file for insolvency under self-administration. On 29 July 2025, the local court of Betzdorf ordered provisional self-administration and appointed Thomas Rittmeister, a lawyer of the law firm Reimer Rechtsanwälte (www.reimer-rae.de), as provisional administrator.

The Weberit management team led by Nicolas Maggiarosa is to be be supported by restructuring experts Jens Lieser and Alfred Kraus of Lieser Rechtsanwälte (