Insolvency Guardian Media Centre

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My personal journey into volunteering began in 2013 when I flew home to Texas to be by my grandpa’s side
Monday, 17 February 2025    Books+Publishing @booksandpublishing Ocean Reeve Publishing, a hybrid publisher based in Queensland and in Aotearoa New
Kota Kinabalu: Pacific Sanctuary Holdings Sdn Bhd, the developer of the abandoned PacifiCity Project along Jalan Istiadat, Likas, was wound
Mervyn King declared bankrupt over huge unpaid tax bill  live-darts.com Read the original article here
Major auto parts brand moves Chapter 11 bankruptcy to liquidation  MSN Read the original article here
The proposed changes will allow businesses to keep trading while they develop a debt restructuring plan. Photo: Supplied. Federal Treasurer
5 Best Debt Relief Companies of April 2025  Nasdaq Read the original article here
Major auto parts brand moves Chapter 11 bankruptcy to liquidation  TheStreet Read the original article here
On April 2, 2025, Justin Sun, a prominent figure in the cryptocurrency space, announced via Twitter that First Digital Trust
Mayor Brandon Johnson New program allows residents and businesses to settle ticket debt without late penalties or fees through June
Edward William Rennick III, a known debt relief scammer previously barred from the debt relief industry by
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My personal journey into volunteering began in 2013 when I flew home to Texas to be by my grandpa’s side before he died.

Grandpa was an Army veteran of the Korean and Vietnam wars and was forever changed by service. His kidneys and liver were shutting down because of the effects of toxic exposure.

He knew his time was short, and he wanted to spend his remaining time at home, not in a hospital.

We set him up with home hospice care. He died peacefully not long after. It was then, sitting by his side, that I realized how meaningful it is to be with people during their final moments.

After he passed, I began…

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Ocean Reeve Publishing, a hybrid publisher based in Queensland and in Aotearoa New Zealand, has declared bankruptcy. In a statement, the Reeve family said, ‘websites, emails, [and] social media related to ORP or Ocean Reeve will be disabled and no longer active as Ocean Reeve Publishing will cease all operations’….

 

Category: Local news

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Kota Kinabalu: Pacific Sanctuary Holdings Sdn Bhd, the developer of the abandoned PacifiCity Project along Jalan Istiadat, Likas, was wound up by the High Court here on Oct 17, 2024.
By a Court Order one Dato’ Raveendra Kumar a/l Nathan of RKN & Co. has been appointed as the Liquidator.

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RKN & Co. have since called on property buyers of the PacifiCity Project to furnish documentary proof of their legal ownership interests.

To recover outstanding loans running into millions of ringgit, at least one creditor bank has placed advertisements in the Daily Express as substituted personal service of bankruptcy notices against the officers of Pacific Sanctuary Holdings Sdn Bhd who could no longber be traced in Sabah. 

The…

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Mervyn King declared bankrupt over huge unpaid tax bill  live-darts.com

Read the original article here

Major auto parts brand moves Chapter 11 bankruptcy to liquidation  MSN

Read the original article here

The proposed changes will allow businesses to keep trading while they develop a debt restructuring plan. Photo: Supplied.

Federal Treasurer Josh Frydenberg has announced plans to overhaul insolvency rules in an effort to help small businesses that are struggling because of the coronavirus pandemic.

The changes will apply to businesses with liabilities of less than $1 million and would see small business owners remain in control of their company and assets, rather than immediately being placed in the hands of an administrator.

The Treasurer says the changes will help viable small businesses to trade out of the current crisis “rather than going into a liquidation process where they lose control of the company”.

“We want those…

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5 Best Debt Relief Companies of April 2025  Nasdaq

Read the original article here

Major auto parts brand moves Chapter 11 bankruptcy to liquidation  TheStreet

Read the original article here

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…

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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…

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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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