#financial-distress

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fromIrish Independent
1 week ago

'Striking and unexpected' - the age group most likely to have out-of-control debts revealed

"Our data shows that the path to insolvency converges significantly on the later stages of a person's working life and beyond."
US politics
Venture
fromFortune
1 week ago

Ray Dalio was so broke early in his career he had to borrow $4,000 from his dad-and learned 2 key lessons that set him on the road to billionaire status

Financial distress early in his career reshaped Ray Dalio's investment approach and life philosophy.
fromMensjournal
2 weeks ago

Investors Say This Restaurant Chain Is Among Their 'Worst' Decisions

Several franchisees in and around Long Island, NY are expressing their displeasure with Dickey's Barbecue Pit after they say they were misled and promised profits that never arrived.
France politics
fromwww.mercurynews.com
2 weeks ago

Edwards: Poor and uninsured. Why the Texas economy is all hat and no cattle.

Texas has the world's 8th largest economy but ranks highest in financial distress according to WalletHub.
fromwww.brooklynpaper.com
3 weeks ago

Brooklyn Mirage parent company, Avant Gardner, files for bankruptcy Brooklyn Paper

Avant Gardner filed for Chapter 11 bankruptcy due to financial distress and inability to open the Brooklyn Mirage.
fromFuturism
3 weeks ago

Elon Musk Accused of Stiffing Small Businesses for Millions of Dollars, Causing Some to File for Bankruptcy

Musk's companies owe over $24 million to small businesses, contributing to financial distress and bankruptcy claims against Tesla.
Business
fromBusiness Matters
1 month ago

The Many Questions Asked By Directors When Faced With Business Insolvency.

Business restructuring can save companies from failure by managing debt and making operational changes.
UK news
fromBusiness Matters
1 month ago

Company insolvencies fall in England and Wales, but experts warn challenges remain

UK company insolvencies decreased in June 2025, but experts warn of potential future financial distress.
LA real estate
fromtherealdeal.com
1 month ago

Pasadena Office Tower loses more than half its value in a decade, worth less than debt tied to it

Los Angeles faces significant commercial real estate distress as major office towers experience drastic value declines and increasing vacancy rates.
fromIndependent
1 month ago

Top chef Dylan McGrath's Fade Street Social owes Revenue 1.7m and cannot pay debts

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.
Business
fromtherealdeal.com
1 month ago

Inside a nonprofit's effort to clean up billions in rent-stabilized debt

Community Preservation Corp is implementing loan modifications to address financial distress in rent-stabilized buildings.
fromwww.standard.co.uk
1 month ago

Interactive map show the London boroughs with highest council tax debts as 390,000 residents fall into arrears

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.
London politics
fromBusiness Matters
2 months ago

Vodafone terminates contracts of 12 franchisees who joined 120m lawsuit

Vodafone's decision to terminate contracts with 12 franchisees escalates a £120 million lawsuit claiming mistreatment, including commission cuts and punitive fines.
London startup
fromBusiness Matters
2 months ago

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

Poundland sold for £1 as part of a rescue deal amid financial struggles, risking 200 store closures and thousands of jobs.
NYC parents
fromBrownstoner
2 months ago

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
3 months ago

Welcome to Casino Capitalism 2.0

Gambling can lead to a cycle of addiction, financial problems, and reliance on family support.
fromwww.mercurynews.com
3 months ago

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
DC food
fromSFGATE
3 months ago

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

Janet Engler faced a $12,000 water bill due to disputed usage claims from her utility company, forcing her to sell her home.
European startups
fromSustainable Bus
3 months ago

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

Ebusco faces severe financial distress due to overdue payables and poor revenue performance, risking insolvency without quick liquidity solutions.
fromwww.cbc.ca
4 months ago

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

Hudson's Bay Co. is initiating the liquidation of six remaining stores previously spared, citing a "low probability" of finding a buyer for these locations.
Toronto startup
from24/7 Wall St.
4 months ago

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

Paying only minimum payments on credit cards can severely damage credit scores and prompt banks to reduce credit limits.
NYC parents
fromTruthout
4 months ago

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.
UK news
fromwww.theguardian.com
4 months ago

DWP to overhaul carer's allowance checks after overpayment scandal

A significant overhaul of the carer's allowance system aims to alleviate overpayments and debt for thousands of caregivers.
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