#financial-distress

#financial-distress

Altogether, Limestone owes $381,405 to 281 students, according to a report submitted to the South Carolina Commission on Higher Education by a consulting firm managing the university's assets.

Judge John O'Connor has informed the board of directors that the company has sought the appointment of an examiner. The company, Prime Steak Restaurant trading as Fade Street Social, owes Revenue €1.7 million 'and maybe more' and is unable to pay its debts. Dessie Morrow of Azets Ireland has been appointed as examiner for the company's affairs and will provide a special report to Revenue regarding inter-company loans totaling almost €4.5 million.

Londoners owe 1.4 billion in unpaid council tax, an increase of 11% in just one year, emphasizing the severe impact of the ongoing cost-of-living crisis.

Vodafone's decision to terminate contracts with 12 franchisees escalates a £120 million lawsuit claiming mistreatment, including commission cuts and punitive fines.

Petal Sandiford stepped into the Flatbush YMCA several weeks ago, the 63-year-old home care worker had just one thing in mind: to get her late uncle's house off the list for the property lien sale.

State Farm can increase homeowner and renter insurance rates due to necessary fund stabilization as it faces over $7 billion in claims from fires.

The Education Department announced resuming student loan collections for defaulted borrowers, indicating a significant change for millions facing financial uncertainty.

For some companies, however, it may be too late to rein in borrowing. New data from Begbies Traynor's "red flag" study shows that more than 650,000 businesses ended last year in significant financial distress - a marked increase on 12 months earlier.