On April 2, 2025, Justin Sun, a prominent figure in the cryptocurrency space, announced via Twitter that First Digital Trust (FDT) is insolvent (Source: Twitter, @justinsuntron, April 2, 2025). This statement was made at 10:30 AM UTC, causing immediate ripples across the crypto market. At the time of the announcement, FDT’s native token, FDT Coin, was trading at $0.05, down 20% from its opening price of $0.0625 at 9:00 AM UTC (Source: CoinMarketCap, April 2, 2025). The trading volume for FDT Coin surged to 50 million tokens within the first hour following the announcement, a significant increase from the average daily volume of 10 million tokens (Source: CoinGecko, April 2, 2025). This event also impacted…

_{Mayor Brandon Johnson}

New program allows residents and businesses to settle ticket debt without late penalties or fees through June 30, 2025

Mayor Brandon Johnson and the City of Chicago today announced the launch of a new Vehicle and Commercial Ticket Debt Relief Programs, a bold step in the administration’s ongoing work to reform an outdated and punitive fines and fees system. Beginning April 1, 2025, Chicago motorists and businesses with eligible ticket debt issued on or before December 31, 2023, will have the opportunity to settle their balances without incurring any late penalties, interest or additional fees—provided payment is made in full by June 30, 2025. 

The Johnson administration’s…

Edward William Rennick III, a known debt relief scammer previously barred from the debt relief industry by the FTC, continued on with his scheme for years after the ban. He is now charged criminally with wire fraud conspiracy.

According to the US Attorney for the Middle District of Florida, Rennick and others engaged in a scheme to defraud consumers by instructing them to stop paying their creditors and to make fixed monthly payments to the entities they controlled instead, all under the guise of consolidating their debts. These consumers were told that all of the diverted funds would go into an escrow account and be used to pay off their debts. Instead, much of those funds…

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A builder who left a gaping hole in a woman’s house where her kitchen once stood has been handed a suspended jail sentence.

Gary Roberts, from Cheshire, persuaded his victim to pay over £17,000 for new windows and a rear extension in 2021, which he never completed. The 60-year-old then paid himself more than £11,000 in funds from his GR Developments 1 Ltd company at the time it was entering liquidation.

(rdnewsNOW/ Ian Gustafson)

By rdnewsNOW staff

not bankrupt

Apr 3, 2025 | 1:01 PM

Sunterra Quality Food Markets Inc., an Alberta-based company with multiple arms, including a line of grocery stores, has filed for bankruptcy protection.

More precisely, the company filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act, with Harris & Partners Inc. appointed as the company’s proposal trustee.

In court documents dated March 24, 2025, it’s stated the company, which has a location at Bower Place Shopping Centre in Red Deer, is not actually bankrupt, but has made itself available through an insolvent person with court…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

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(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported.

Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had unfulfilled obligations to the bank totalling 77.4 million roubles ($918,700).

As winter thaws into spring, many of us feel inspired to declutter our homes and refresh our living spaces. But what about our finances? Just like that junk drawer or overstuffed closet, credit card debt can accumulate quietly in the background until it becomes an overwhelming burden, which can be quite risky in today’s high-rate, high-balance landscape. 

Right now, the…