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.
Quantron emerged as a new player in the commercial electric vehicle market at the end of 2019 – launched by
Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection, a dark turn for the once-prolific film financing company that
CHICAGO (WLS) -- The City of Chicago is offering some relief to drivers and businesses wanting to settle their ticket
Many student loan borrowers are experiencing challenges on their timeline to debt forgiveness. Here's what they can do to stay
New survey by National Debt Relief reveals how soaring costs and debt burdens are delaying retirement and reshaping the financial
Leopatrizi | E+ | Getty ImagesAubrey Bertram was starting to imagine her life without student debt.Bertram, a staff attorney at
Fiscal Health Index 2025  PIB Read the original article here
DHFL Insolvency: NCLAT Exceeded Jurisdiction, Misapplied Foreign Law, Says Supreme Court  Moneylife Read the original article here
A site plan for The Residences at Saddle Creek in Boulder. (Saddle Creek Boulder) The developer of spacious duplexes at
The case arose from the insolvency resolution process initiated in December 2019 against DFHL, when the Reserve Bank of India
Vodafone Idea debt relief: Can Vi finally turn the corner?  Value Research Read the original article here
A massive high-street brand has officially gone bust, according to reports.Select Fashion LTD's liquidation follows 35 Select stores shutting down

Quantron emerged as a new player in the commercial electric vehicle market at the end of 2019 – launched by Gersthofen-based Iveco contract partner and commercial vehicle specialist Haller. Andreas Haller is now also keeping the company alive: On 1 April, the remaining Quantron assets and the workforce, which had shrunk to 35 employees, were taken over by Andreas Haller Holding GmbH – as part of a transferring reorganisation. Quantron AG is now history and the company is being absorbed into a new company, which once again belongs to the Haller Group. The former founder buys Quantron anew, so to speak.

In its startup phase, Quantron positioned itself in the conversion industry but quickly transformed itself into a system integrator…

Read the original article here

Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection, a dark turn for the once-prolific film financing company that backed the “Joker,” “The Matrix” and “Ocean’s Eleven” movie franchises.

The West Hollywood company blamed its ongoing legal battle with longtime partner Warner Bros. for its collapse, according to a Monday filing in U.S. Bankruptcy Court in Delaware. Village Roadshow also conceded that its ambitious push into producing independent films and television programs before the pandemic was unprofitable, exacerbating its financial woes.

The breach of contract lawsuit against Warner Bros. came after the studio introduced “The Matrix Resurrections” in December 2021 on its HBO Max…

Read the original article here

CHICAGO (WLS) — The City of Chicago is offering some relief to drivers and businesses wanting to settle their ticket debts.

The program is available for those with tickets issued on or before December 31, 2023.

Mayor Brandon Johnson said the city will waive the fees, if the tickets are paid in full by June 30, 2025.

ABC7 Chicago is now streaming 24/7. Click here to watch

Eligible vehicle violations include:

-Non-meter parking tickets and standing violations
-Compliance violations, including expired registration, missing city sticker or license plate.
-Automated speed and red-light camera tickets

The program also waives seizure fees, including towing, storage, booting, vehicle immobilization device tampering and bounced check penalties with…

Read the original article here

  • Many student loan borrowers are experiencing challenges on their timeline to debt forgiveness.
  • Here’s what they can do to stay on track for the relief.
Leopatrizi | E+ | Getty Images

Aubrey Bertram was starting to imagine her life without student debt.

Bertram, a staff attorney at Wild Montana, a nonprofit that works on land conservation in the state, had just around two and a half years left of payments before her $247,804 federal student loan balance would be excused under the Public Service Loan Forgiveness program.

But for many months now, she’s been frozen on her timeline to that relief.

“We’re not getting credit,” said Bertram, 35. “This time has been devastating.”

Bertram took out her…

Read the original article here

New survey by National Debt Relief reveals how soaring costs and debt burdens are delaying retirement and reshaping the financial futures of Gen X and baby boomers

NEW YORK, April 2, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, today released findings from a new survey examining the toll debt is taking on older Americans — and the stark impact it’s having on their ability to retire. The results paint a concerning picture: debt is widespread among Gen X and baby boomers, forcing some to postpone retirement plans indefinitely.

Read the original article here

Leopatrizi | E+ | Getty Images

Aubrey Bertram was starting to imagine her life without student debt.

Bertram, a staff attorney at Wild Montana, a nonprofit that works on land conservation in the state, had just around two and a half years left of payments before her $247,804 federal student loan balance would be excused under the Public Service Loan Forgiveness program.

But for many months now, she’s been frozen on her timeline to that relief.

“We’re not getting credit,” said Bertram, 35. “This time has been devastating.”

Bertram took out her loans in law school knowing that she’d work in public service and pursue PSLF.

“That was the only way taking on this debt made any sense,” Bertram said.

Aubrey Bertram…

Read the original article here

Fiscal Health Index 2025  PIB

Read the original article here

DHFL Insolvency: NCLAT Exceeded Jurisdiction, Misapplied Foreign Law, Says Supreme Court  Moneylife

Read the original article here

Saddle Creek Site Plan 2048x1312

A site plan for The Residences at Saddle Creek in Boulder. (Saddle Creek Boulder)

The developer of spacious duplexes at the entrance to Boulder Canyon has declared his project bankrupt just five days before the units were to be sold at a foreclosure sale.

Curtis McDonald, who co-owns the rental firm Juniper Holiday + Home, is developing The Residences at Saddle Creek at 90 W. Arapahoe Ave. in Boulder. When built, the four-story homes will range from 2,451 square feet to 2,713 square feet, according to online listings. Four duplex buildings are being constructed and one of them is under contract, its website states.

The duplexes are going up near the site of the former Silver Saddle Motel, which operated from the…

Read the original article here

The case arose from the insolvency resolution process initiated in December 2019 against DFHL, when the Reserve Bank of India (RBI) superseded its board due to financial irregularities.

The Committee of Creditors (CoC), comprising major banks and financial institutions, approved Piramal Capital’s resolution plan with a 93.65 per cent majority in January 2021.

However, 63 Moons Technologies Limited and fixed deposit (FD) holders, challenged the plan before the NCLAT, arguing that the plan unfairly allowed Piramal Capital to retain recoveries from fraudulent transactions under Section 66 of the Insolvency and Bankruptcy Code (IBC). Furthermore, it was contended that the FD holders were not repaid in full, violating provisions of the RBI…

Read the original article here

Vodafone Idea debt relief: Can Vi finally turn the corner?  Value Research

Read the original article here

A massive high-street brand has officially gone bust, according to reports.

Select Fashion LTD’s liquidation follows 35 Select stores shutting down across the UK last month.

Read more: Select Fashion update as 48 stores to be SAVED by mystery company

The brand issued a notice to confirm that insolvency firm, Moorfields, had been appointed to conduct the process of winding up.

The latest news follows reports from earlier this year which revealed Select’s retail directors were recommended to place the firm into a Creditor’s Voluntary Liquidation (CVL).

And on Friday, it was confirmed that Moorfields had begun carrying out the process following a creditors’ meeting.

The Mirror disclosed that staff across the UK were told about the news by…

Read the original article here