As retirement approaches, many people look forward to a slower pace of life and the freedom that comes with no longer working full-time. But for those carrying debt into their later years, the prospect of retiring can bring just as much anxiety as it does anticipation.

With income often dropping and expenses sometimes shifting in unpredictable ways, it’s important to take stock of your financial situation beforehand.

Dennis Hussey, team manager at National Debtline who has also been a money advisor for 20 years,…

Brief Facts:

This appeal has been filed by the Appellants under Section 61 of the Insolvency…

Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany, under the German Insolvency Code (InsO). The decision follows a comprehensive assessment of market viability, strategic priorities, and continued losses caused by plunging demand, PTI reported.“The challenges for GMB began with slide in demand for German made solar panels, when faced with the precipitous drop in prices by Chinese manufacturers of solar panels,…

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Following a court application filed by Skillpro Malta Ltd (the ‘company’), on February 26, 2025, the Civil Court Commercial Section (‘court’) acceded to the company’s request to enter the preventative restructuring procedure as set out in the Pre-Insolvency Act (Chapter 631 of the Laws of Malta, and hereinafter referred to as the ‘Act’).

This not only marked Malta’s first application by a legal entity for the newly enacted preventative restructuring procedure, but also the first successful application, with the court approving the proposed restructuring plan by means of a decree given on May 21.

Background to pre-insolvency proceedings in Malta

Directive (EU) 2019/1023 of the European Parliament and of…

SEVILLE/LONDON – Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via debt “swaps,” the country’s Ministry of Economy said on Tuesday. 

With rich governments cutting official development aid and many countries struggling with their debts, nations are trying to find creative ways to fund projects ranging from protecting coral reefs to paying for schools. 

The Global Hub for Debt Swaps for Development, launched at the UN’s Finance for Development summit in Seville, will provide technical and financial assistance to countries eyeing debt swaps for food security and climate change adaptation, the Spanish government said. 

Nations from Barbados and Belize to Ecuador and…

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Twenty years ago this weekend, the leaders of the world’s most powerful countries, chaired by Tony Blair, gathered at the Scottish golf resort of Gleneagles and made a series of historic promises on debt relief and overseas aid.

It was the culmination of a long-running public campaign involving charities, churches and celebrities, and benefited from the passionate commitment of Gordon Brown, for whom international development is a lifelong cause.

A few days before, more than 200,000 campaigners had gathered in Edinburgh and formed a noisy, joyful human chain, demanding that the world’s leaders “make poverty history”.

As a result of the momentum created and the promises made, international aid increased – and 36 countries…

It was an emphatic and often-memed commercial.

Queen of the daytime talk show, Oprah Winfrey can’t hide her excitement.

“I love bread!” she says, hands gesticulating in the air.

She was, of course, advertising weight loss program Weight Watchers, now known as WW.