More than 134,000 Los Angeles County residents will begin receiving notices next week by mail as part of the first wave of medical debt relief under a program launched last year, it was announced Thursday.

Residents will receive a notice from L.A. County and national nonprofit Undue Medical Debt, informing recipients that their medical debt has been permanently cleared. It will also offer information for individuals who need help with additional medical bills.

The total amount of debt being relieved through this first round of aid is $183,580,711.32.

“If you get a letter in the mail from L.A. County and Undue Medical Debt this week– open it. We’ve eliminated medical debt for more than 134,000 residents, no…

Healthscope, Australia’s second-largest hospital operator, has asked its lenders to take control of the board and oversee the search for a new owner in a bid to stave off insolvency and keep its network of 38 hospitals open.

The move marks the end of Brookfield Asset Management’s disastrous ownership of the hospital operator and puts the company’s future in the hands of the owners of its $1.6 billion debt pile.

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New Delhi: Indian Renewable Energy Development Agency (Ireda) has filed an insolvency application against Gensol Engineering Ltd over a default of ₹510 crore, according to an exchange filing from the power financier on Wednesday.

“In furtherance to our earlier letter dated 25.04.2025 with respect to M/s Gensol Engineering Limited, this is to inform you that the Company has filed an application today i.e. May 14, 2025 under Section 7 of Insolvency and Bankruptcy Code, 2016 against M/s Gensol Engineering Ltd, for an amount of default of ₹510,00,52,672/- (Rupees Five Hundred Ten Crore and Fifty Two Thousand Six Hundred and Seventy Two Only),” the…

BYJU’s was once a high-valued edtech firm.

New Delhi: The founder of the beleaguered edtech company BYJU’S Byju Raveendran has opened up about the circumstances that led to fall of his once highly successful venture. Byju Raveendran admitted that his company made mistakes in its business decisions as it tried to expand…

U.S. healthcare organizations are filing for bankruptcy at record rates as they increasingly rely on risky debt, leading to increases in staff turnover and harm to patients—particularly elderly ones living in nursing homes.

A new study by Stanford heath economist Adrienne Sabety indicates the residents of those bankrupt long-term care facilities are more likely to be hospitalized 30 days after having been admitted to the home, and are more likely to have been physically constrained and to have suffered from bedsores due to less experienced nurses and staff.

“New workers are less familiar with the patients and facility, which adversely impacts patient outcomes,” she said.

Sabety and her fellow researchers provide what they believe is…

News.com.au broke the news of Ally Fashion’s demise when it was ordered to be wound up by the Federal Court of Australia at the end of February due to insolvency, with liquidators moving quickly to shut down 51 stores and axe hundreds of jobs.

On Wednesday, the Supreme Court of NSW rejected a proposal to take back control of the company by Ally Fashion’s sole director, while an application for voluntary administrators to be appointed was also refused.

The fast fashion chain had 158 stores across Australia and an online…

The Public Investment Corporation (PIC) is in a frantic last-minute effort to secure R500 million in funding to prevent the collapse of struggling poultry producer Daybreak Foods, reported the Sunday Times. Without the cash injection by Friday, the company faces liquidation, putting 3,400 jobs at risk.

Failed Funding Plea

The PIC sought emergency funding from the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF) but was unsuccessful, reported the newspaper.

A liquidation application, brought by creditors including Lakat Chicken, is set to be heard in the Pretoria High Court on Tuesday.

In a letter seen by the Sunday Times, PIC chief investment officer Kabelo Rikhotso warned: “[The] PIC was advised on May…