#financial-distress tag

1 week ago

London politics

Poundland sold for just 1 as up to 200 stores face closure amid major restructuring

Toronto startup

Hudson's Bay to sell off all merchandise at 6 stores previously spared from liquidation | CBC News

1 week ago

London politics

Poundland sold for just 1 as up to 200 stores face closure amid major restructuring

Toronto startup

Hudson's Bay to sell off all merchandise at 6 stores previously spared from liquidation | CBC News

Tax Lien Sale Has Struggling Homeowners Fearing the Worst

The property lien sale disproportionately affects Black and brown neighborhoods, exacerbating homeowners' financial distress post-pandemic.

Poker

fromThe Nation

Welcome to Casino Capitalism 2.0

Gambling can lead to a cycle of addiction, financial problems, and reliance on family support.

fromwww.mercurynews.com

State Farm wins first-ever emergency rate hike in California

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

SF parents

fromSFGATE

Elderly Army Veteran Forced To Sell Her Home Over Unexplained $12K Water Bill

Janet Engler, an 81-year-old veteran, struggled with a $12,000 water bill, believing it was due to a meter fault; ultimately, she was forced to sell her home.

DC food

fromSustainable Bus

Ebusco is still on the brink of insolvency due to "overdue payables exceeding its available liquidity" - Sustainable Bus

Ebusco's ability to continue operations is at risk due to overdue payables exceeding liquidity and reliance on third-party agreements for payment schedules.

European startups

#job-loss

Toronto startup

Hudson's Bay returns to court to seek approval to begin liquidating its business | CBC News

from24/7 Wall St.

Bootstrapping

Paying my credit card minimum keeps hurting my score, and credit limits. What Are my options to fix?

Toronto startup

Hudson's Bay returns to court to seek approval to begin liquidating its business | CBC News

from24/7 Wall St.

Bootstrapping

Paying my credit card minimum keeps hurting my score, and credit limits. What Are my options to fix?

Education Department Restarting Loan Collections for First Time Since 2020

The U.S. Department of Education is restarting student loan collections, including wage garnishments, affecting millions of borrowers facing financial hardship.

fromwww.theguardian.com

DWP to overhaul carer's allowance checks after overpayment scandal

Ministers have announced an overhaul of the way carer's allowance overpayments are checked, aiming to fix a flawed system that has left many in severe debt.

UK news

NYC real estate

fromNew York Post

Save our buildings - or The Bronx (and the rest of NY) will 'burn' again

The Bronx housing market is showing signs of financial distress reminiscent of the city's 1977 decline.

East Bay (California)

fromwww.mercurynews.com

Historic Bay Area music club faces financial woes and could close down

Eli's Mile High Club faces closure due to lost revenue from patio restrictions.

Rising debt distress sparks borrowing aversion among UK firms

Businesses in the UK are increasingly cautious about borrowing due to the rise in financial distress among peers.

8 months ago

Business

UK Businesses Face Tightening Cash Flow Amid Rising Interest Rates - 3 Tips for Managing Cash Flow

Startup companies

Rising debt distress sparks borrowing aversion among UK firms

Businesses in the UK are increasingly cautious about borrowing due to the rise in financial distress among peers.