Insolvency Guardian Media Centre
One of the joint venture partners chosen to build Perth’s new maternity hospital has entered voluntary administration after months of uncertainty, but the Western Australian government is adamant the project remains on track.
Global management firm FTI Consulting has been appointed to examine the financial position of builder Roberts Co and its parent entity, RCAH Group.
Roberts Co was chosen alongside European construction giant Webuild as joint venture partners for the hospital in December 2024, tasked with building a replacement for the ageing King Edward Memorial Hospital (KEMH).
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MUMBAI: Indian Renewable Energy Development Agency on Wednesday filed an insolvency plea against troubled Gensol Engineering over a default of Rs 510 crore, the power financier said in an exchange filing.The application was filed under section 7 of theInsolvency and Bankruptcy Code.Troubles at Gensol unfolded after a Sebi probe revealed in April that the company’s promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, used loans from several creditors, taken in the name of Gensol, to buy a luxury flat, inflate Gensol’s stock price, for personal use through their private ventures, and for purposes other than those for which the loans were taken. They were also found to have forged no-default letters from lenders like IREDA and PFC to…
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Updated May 14, 2025 22:04 IST
Photo : ET Now Digital
Rs 510 crore setback for BluSmart parent Gensol Engineering! What happened now – IREDA connection?
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Economic uncertainty often acts as a stress test for Canadian businesses. For some, it reveals opportunities to adapt and grow stronger. For others, it exposes vulnerabilities that were previously manageable in better times. For those on the edge, it can accelerate financial decline — especially when business leaders wait too long to respond.
Insolvency isn’t a failure of effort. It reflects how quickly a business can adapt to changing conditions. In a high-interest, post-pandemic economy, that ability is being tested daily.
When financial pressure mounts
One of the first red flags in a tightening economy is a squeeze on cash flow. Rising costs and slower sales can quickly outpace incoming revenue for businesses carrying…
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Medical debt relief bill clears House The Bradford Era
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If you’re deep in debt — or concerned that lingering inflation, the U.S. trade war or a potential recession could land you there — you might not be looking to Washington, D.C., for help. Turn on the news, and it’s hard to see anyone agreeing on anything, let alone substantive consumer debt solutions.
And yet, there might be more common ground than you think.
Bankrate requested interviews from 17 members of Congress, including those who serve on the House’s Committees on Education & Workforce and Financial Services as well as the Senate’s Committee on Banking, Housing and Urban Affairs. These efforts led to separate interviews with two House members from different coasts and political parties: 18-term Rep. Maxine Waters…
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Shandong Fengxiang Updates on GMK Finance Liquidation Assets TipRanks
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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…