Village Roadshow Entertainment Group (VREG) has filed for Chapter 11 bankruptcy protection in the US, citing an ongoing legal dispute with Warner Bros. and expenses related to creating independent content as major contributors to its financial decline. The company, known for producing The Matrix trilogy and Joker, has approximately US$223.8 million in asset-backed secured loans…
Lawrence Dallaglio has been declared bankrupt, it can be revealed. Telegraph Sport has been told that a bankruptcy order was made against the Rugby World Cup-winning forward on May 8. That was two days after the prospect of such an order being issued against Dallaglio was raised during an Insolvency and Companies Court (ICC) hearing.…
Freedom Debt Relief could help you break free from your debt problems, but there are a few things to know first. Getty Images Based in San Mateo, California, Freedom Debt Relief was founded in 2002 with a mission to help Americans who have become overwhelmed by their unsecured debt. Launched during a time of rising…
Before applying for credit card debt relief, cardholders should first consider their alternative relief options. gulfimages If you’re starting to doubt your ability to effectively pay down your credit card debt, you’re not alone. According to a recent report, credit card balances totaled $1.18 trillion in the first quarter of 2025. While that’s actually a…
Key takeaways Several different strategies can help you get out of credit card debt — from payoff plans like the avalanche and snowball methods to consolidation products like balance transfer credit cards and personal loans. The best method for paying down your credit card debt depends on your total debt, savings, financial habits and spending…
R3 responds to April 2025 insolvency statistics NationalWorld Read the original article here
New Delhi: The National Company Law Tribunal, on Wednesday, deferred the hearing of Bhushan Power and Steel Limited‘s (BPSL) insolvency case to May 26. The NCLT sought the assistance of the counsels appearing in the case to implement the Supreme Court’s judgment. Earlier this month, the Supreme Court scrapped JSW Steel‘s ₹19,700-crore acquisition of BPSL…
The Office of the Registrar of Companies says its administrative role in salvaging companies in financial distress is actively being rolled out for protection of local businesses. Under the Corporate Insolvency and Restructuring Act 2020, the Registrar of Companies is empowered to have registered insolvency practitioners to aid in administration of companies on the brink…
Builder.ai developed AI tools to streamline app and website development. (Photo: Shutterstock) London-based technology start-up Builder.ai, backed by investors including Microsoft, has entered insolvency proceedings amid significant financial challenges. This decision follows a recent restatement of its revenue, and the acknowledgment of issues related to past leadership. The company, known for its claim that its…
SUMMARY Builder.ai’s parent, Engineer.ai Corporation, will be “entering into insolvency proceedings” and has appointed an administrator to “manage the company’s affairs” Viola Credit, which extended $50 Mn debt to the company last year, seized $37 Mn from Builder.ai’s accounts leaving it with just $5 Mn CEO Manpreet Ratia said the company’s cash reserves had dwindled…