Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.Travel Tuesday can be a great time to
Austin, Texas---A rising number of Texans are feeling the weight of mounting debt, with some households juggling anywhere from $30,000
It had been hampered by increasing running and material costsIt had traded from Acton Grove in Long Eaton and started
Luxury caravan business goes into voluntary administration  7NEWS Read the original article here
Tesla CEO Elon Musk believes there's an answer to bringing down the U.S.'s $38 trillion national debt: artificial intelligence."I think,
Opinion: Damien Grant isn’t normally the one making the case that the government needs to take more in tax. The
Paolo Ardoino hits back at billionaire's Tether insolvency remarks  TheStreet Read the original article here
Hugh Wallace, the architect and the longest-serving judge on RTÉ's Home of the Year, has died aged 68. Wallace co-founded
NCLT Approves Liquidation of Subex's Account Aggregator Services Subsidiary  scanx.trade Read the original article here
Embattled radio host’s collapsed restaurant debt soars into seven figures  Sky News Australia Read the original article here
Baker Tilly Insolvency PLT said claims of impropriety or manipulation in its role as liquidator in the winding-up of Mines
The United States’ new ambassador to Singapore has come under fire for his remarks defending the 10 per cent tariff

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Travel Tuesday can be a great time to book your summer vacation and save a chunk of money. But how do you know you’re actually getting an advertised 30% or 50% off a flight, hotel or car rental? Prices change frequently and vary based on when you travel or where you’re going, making it difficult to calculate a discount when the baseline cost is constantly shifting. And that’s not accounting for the possibility of AI pricing tools.

To be clear, there are great deals on Travel Tuesday, but they can have limited availability and get scooped up fast. You don’t want to dump your savings into a limited-time offer, only to find out about blackout dates…

Read the original article here

Austin, Texas—A rising number of Texans are feeling the weight of mounting debt, with some households juggling anywhere from $30,000 to $300,000 in credit card balances and personal loans. Small business owners are facing their own challenges, too — many carrying up to $1 million in debt as they work to stay afloat. Affordable Debt Consolidation is stepping in to offer clarity and solutions for those overwhelmed by high-interest obligations.

Haddie Djemal of Affordable Debt Consolidation joined We Are Austin to break down why so many people across the state are struggling. She points to a combination of inflation, rising interest rates, and increased reliance on credit as key drivers behind the surge in personal debt. For many,…

Read the original article here

It had been hampered by increasing running and material costs

A more-than-65-year-old business with a “rich history” has entered liquidation and made all of its staff redundant after years of financial decline.

CBS Engineering and Heat Treatment, which had traded from Acton Grove in Long Eaton and had been a mainstay of East Midlands engineering since the 1950s, appointed liquidators on Wednesday, November 19.

The company, spanning three generations, had provided industrial heat treatment and precision engineering services to other businesses.

However, CBS ceased trading on October 17, with 15 employees made redundant as a result of its closure.

The directors…

Read the original article here

Luxury caravan business goes into voluntary administration  7NEWS

Read the original article here

Tesla CEO Elon Musk believes there’s an answer to bringing down the U.S.’s $38 trillion national debt: artificial intelligence.

“I think, actually, the only thing that can solve for the debt situation is AI and robotics,” Musk said in a podcast interview published Sunday with billionaire investor Nikhil Kamath. He believes it “probably would cause significant deflation.”

“Currently the U.S. debt is insanely high and the interest payments on the debt exceed the entire military budget of the United States, just the interest payments,” Musk said, adding it’s set to increase in the short-term, in line with projections from fiscal policy experts.

Many companies, particularly in the tech sector, are spending billions on AI technology, but there…

Read the original article here

Opinion: Damien Grant isn’t normally the one making the case that the government needs to take more in tax. The liquidator and libertarian-minded columnist at the Sunday Star Times more typically wants what libertarians generally want – a government that spends less and that can let each of us keep more of our own money.

On November 23, Grant’s column made a different case.

Companies collect GST on their sales and remit the money to the government. They also pay income taxes on behalf of their employees – PAYE.

A company that starts failing may remain optimistic about turning things around and may decide to short Inland Revenue rather than employees or suppliers. Raiding collected taxes such as GST and PAYE rather…

Read the original article here

Paolo Ardoino hits back at billionaire’s Tether insolvency remarks  TheStreet

Read the original article here

Hugh Wallace, the architect and the longest-serving judge on RTÉ’s Home of the Year, has died aged 68.

Wallace co-founded the Douglas Wallace Consultants, one of Ireland’s best-known architecture firms, and fronted Home of the Year since it first aired in 2015. He also presented The Great House Revival and My Bungalow Bliss for RTÉ.

In a statement, Wallace’s family said that he passed away suddenly at home on Sunday night, and his husband, Martin Corbett, asked for privacy at this time.

“It is with deep sadness and shock that we announce our beloved friend and client, architect, Hugh Wallace, RIAI passed away suddenly at home last night,” the statement read.

“Hugh was a director and co-founder of architecture firm,…

Read the original article here

NCLT Approves Liquidation of Subex’s Account Aggregator Services Subsidiary  scanx.trade

Read the original article here

Embattled radio host’s collapsed restaurant debt soars into seven figures  Sky News Australia

Read the original article here

Baker Tilly Insolvency PLT said claims of impropriety or manipulation in its role as liquidator in the winding-up of Mines Waterfront Business Park Sdn Bhd are ‘baseless’. (MWBP pic)
PETALING JAYA:

Baker Tilly Insolvency PLT has rejected allegations of impropriety or manipulation in its role as liquidator in the winding-up of Mines Waterfront Business Park Sdn Bhd, calling the claims “baseless”.

Baker Tilly stressed that the liquidation of MWBP is a direct consequence of the creditors of the company enforcing their legal rights.

It said the directors and shareholders of MWBP had been fully aware throughout that the firm’s outstanding indebtedness, including amounts owed to a secured lender, was significantly higher than the…

Read the original article here

The United States’ new ambassador to Singapore has come under fire for his remarks defending the 10 per cent tariff on the city state by framing it as the US seeking help from a friend after it had played an important role in Singapore’s economic miracle.
Orthopaedic surgeon Anjani Sinha, who officially started his tenure on November 17, told government-funded local media outlet The Straits Times that the US was asking friends such as Singapore to help President Donald Trump “rebalance” and restore “fairness” to the international trading system through tariffs.

Sinha reportedly said: “Over many decades, American taxpayers and service members have underwritten regional security, playing an important role in making…

Read the original article here