Insolvency Guardian Media Centre
LANSING, MI — A Lapeer County man couldn’t believe what he was seeing when he scratched off a winning 20X Wild Time instant ticket worth $300,000.
“I always play the 20X Wild Time game because I like that I can scan the non-winning tickets for a second chance,” said the 58-year-old player, who chose to remain anonymous. “I bought a few of these tickets and scratched them late at night. When I saw I had won $300,000, I thought my eyes were playing tricks on me, so I handed it to my wife and asked her to scan it on the Lottery app.
“When $300,000 came up on the screen I jumped up and started shouting! Needless to say, I didn’t get much sleep that night. Winning is life-changing and will allow us to live debt free.”
The winner…
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FSU is among the Top 12 public research universities when it comes to low student debt, and the university has set its sights on becoming the best public research university in the country for graduating students with little or no debt. Financial literacy education through programs like Unconquered by Debt are an important step toward achieving that goal.
“We are proud to support programs that support our students holistically,” said Provost Jim Clark. “Providing students with access to financial wellness resources allows them to better focus on their education while taking that financial knowledge with them into their lives and careers beyond FSU.”
UBD workshops focus on topics such as career options, earning, spending, saving,…
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Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card balances, while slightly down from the previous quarter, remain alarmingly high at $1.18 trillion. Student loan delinquencies are also creeping back up, with 8% of borrowers now behind on payments — the…
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Bill Comes as Trump Admin. Set to Seize Hard-Earned Wages, Tax Refunds, and Social Security Checks for Struggling Borrowers
The Ending Administrative Wage Garnishment Act of 2025 will also reform administration of the administrative wage garnishment program
WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07), along with Senators Cory Booker (D-NJ) and Elizabeth Warren (D-MA), reintroduced the Ending Administrative Wage Garnishment Act of 2025, legislation that would provide borrower relief and support by suspending garnishment as a tool for student debt collection by the federal government.
On April 22, 2025, the Department of Education announced that, starting May 5th, it will resume…
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News this week that credit card debt balances are on the decline was a positive step in the right direction, both for the country and for individual cardholders. But it’s only the first step in a lengthy journey. Credit card interest rates remain just under the recent record high of 23% and inflation and interest rates remain a concern, albeit more muted ones than they had been in the recent past. Still, if you built up a…
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Schenectady, NY (WRGB) — Rivers Casino & Resort Schenectady, in partnership with Rush Street Gaming, has unveiled a new initiative aimed at alleviating the burden of student debt for its employees. The program offers eligible full-time team members up to $1,000 annually towards their student loans, fully funded by the company. This initiative is part of a broader effort to support employees without requiring any contributions from them.
Dawn Reynolds Pettit, chief human resources officer of Rush Street Gaming and Rivers Casino said,
Education is invaluable, but debt can be stressful. We’re proud to help Team Members crush those college loans, achieve their financial goals sooner and invest in their future.
Within a week of its launch,…
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The Indian Renewable Energy Development Agency (IREDA) has moved the National Company Law Tribunal (NCLT) against Gensol Engineering Ltd, seeking insolvency proceedings over a Rs 510 crore loan default, according to a regulatory filing made to the Bombay Stock Exchange (BSE) on Tuesday.
As per the filing, IREDA has filed the application under Section 7 of the Insolvency and Bankruptcy Code (IBC), showing a significant step in its attempt to recover dues from the Ahmedabad-based renewable energy firm.
Gensol, which has been active in engineering, procurement, and construction (EPC) services for solar power projects, as…
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Diossa: Relief program has forgiven $10M in medical debt for Rhode Islanders Providence Business News
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Damon Dash is now bringing other people down with him due to his refusal to pay his debts. Recently, his wife Raquel Horn was ordered to sell her stake in his businesses to help him handle all that he owes.
Horn maintains 100% ownership of The Dash Group, which includes several of Dash’s most cherished businesses: America Nu, his streaming network; CEOByDash, his website; and his children’s book Dusko Goes To Space. The U.S. District Court for the Southern District of New York recently appointed a receiver to oversee these sales, according to AllHipHop.
Dash, who has evaded payments for years, is also being required to fully cooperate throughout this process. This includes handing over documents and providing…
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The Indian Renewable Energy Development Agency has filed an insolvency plea against Gensol Engineering for defaulting on a Rs 510 crore payment. The development came weeks after SEBI banned the company and its promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and governance lapses case. Meanwhile Gensol said on Wednesday that the Securities Appellate Tribunal had allowed it to file a response to the Sebi interim order.
The state-run financier explained in a stock exchange filing that it had filed a petition under Section 7 of the insolvency code after Gensol failed to replay a Rs 510 crore loan. The value of equity holdings in the company is likely to be…
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Indian green energy financier IREDA files bankruptcy petition against Gensol Engineering over a ₹510 crore loan default amid fund misuse allegations.
In a formal application submitted on 14 May 2025, IREDA sought to initiate corporate insolvency resolution proceedings against Gensol Engineering under Section 7 of India’s Insolvency and Bankruptcy Code (IBC), which allows financial creditors to take action against defaulting borrowers.
According to IREDA’s exchange filing, the company has defaulted on dues amounting to ₹510.05 crore. The application has been made to the National Company Law Tribunal (NCLT), which will determine whether insolvency proceedings can move forward.
“The Company…