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Due to health safety measures designed to stop the spread of the potentially fatal disease, the Covid pandemic forced many eateries to adapt to a new normal
16:48 ET, 18 Jun 2025Updated 16:49 ET, 18 Jun 2025
The business did not specify in its bankruptcy petition why it had filed(Image: LightRocket via Getty Images)
In an attempt to restructure its operations, another Golden Corral franchisee has declared Chapter 11 bankruptcy. On June 17, South Texas Corral LLC listed $150,000 in assets and $1.64 million in liabilities in its Subchapter V petition filed in the U.S. Bankruptcy Court for the Southern District of Texas. The Golden Corral franchisee in Brownsville, Texas, did not specify in its bankruptcy petition why it had filed. The…
The National Company Law Tribunal (NCLT), Hyderabad Bench-I, has approved the Rs 67 crore resolution plan submitted by Delta Sourcing for Trident Sugars Limited (Corporate Debtor). The plan had received unanimous approval with 100% voting share from the Committee of Creditors (CoC).
Approved Resolution Plan Details:
Successful Resolution Applicant (SRA): Delta Sourcing, a proprietorship firm led by Mohammed Omer, specializing in scrap management and certified disposal services.
Total Resolution Plan Amount: ₹66,95,63,740 (including CIRP costs).
Additional Infusion: The SRA proposes to infuse an additional ₹6,50,00,000 towards Working Capital on a need-only basis.
Getting rid of your credit card debt could take a while or it could be a quick process, depending on the strategy you choose.
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It’s been a tough few years economically, especially for those with credit card debt. Not only are prices still elevated from years of inflation, but credit card interest rates are currently hovering around 22% on average. As a result, credit card debt has ballooned nationwide, and the average cardholder now owes about $8,000. For many, paying off that high of a balance feels…
Saint Vincent among 16 Caribbean countries to boost debt transparency with Commonwealth-IMF support
While debt often carries a negative connotation, when managed well, it allows governments to invest in projects that improve lives and build economic resilience.
Against that backdrop, 33 public debt managers from 16 Caribbean countries, including Saint Vincent and the Grenadines, came together in Jamaica for an intensive workshop on improving debt data quality and transparency.
Officials from the Eastern Caribbean Central Bank and the UK Overseas Territories in the Caribbean also took part in the workshop.
Held from 19 to 30 May 2025, the training was co-organised by the Commonwealth Secretariat and the International…
When I look back on the ups and downs of my struggle with compulsive gambling, I sometimes think back to the first time I was bailed out of my debt. When my parents learned about my gambling problem, they asked how much I owed. They subsequently paid off my debts. While that solved the immediate anxiety I had about money, it did nothing to help me with a gambling problem I would struggle with for the next 20 years.
My compulsive gambling started after I went with my friends to casinos around 1990. This was when gambling became more available as casinos opened on reservations. It was probably about three years later that I started going to casinos for an escape and I started to gamble compulsively — though I didn’t…
The EU could hike charges for Brits to enter the bloc as part of efforts to pay off massive £200billion Covid debts, it was claimed today.
A new levy could top up the seven euro – £6 – fee that will be due when the new ETIAS system takes effect, currently scheduled for the end of next year.
Under the European Travel Information and Authorisation System, arrivals from 60 countries with visa-free deals – including the UK and US – will need to pay for a travel pass.
The council will hire two new staff members to advise people on debt, but the overall pot of cash has been slashed
Acorn members outside City Hall last month campaigning to stop the council using bailiffs(Image: Darren Shepherd)
Budget cuts affecting debt advice services are due to hit some of the poorest people in Bristol struggling to pay their bills. The government has given councils across the country less money this year in a crucial grant that helps support households with the rising cost of living.
Liz Kendall, the welfare secretary, slashed the funding in March for the Household Support Fund by around £100 million, giving councils across England £742 million for the year. So Bristol City Council has £1 million less this year to…
IPO-bound Urban Company has reported a 38% increase in its operating revenue, reaching Rs 1,144 crore for the financial year ending March 31, 2025, according to its annual report released on Wednesday.
Financial details:
The company turned profitable in FY25, posting a net profit of Rs 240 crore compared to a loss of Rs 93 crore in FY24.
