Insolvency Guardian Media Centre
Managing money is hard enough without taking on someone else’s financial burdens.
So, what would you do if a family member with a history of reckless spending asked you to co-sign on a car loan? Would you risk your credit for the sake of that person? Or would you consider your future and refuse?
In the following story, one sibling finds themselves in this exact situation with their brother. Here’s how it all played out.
I recently received a text from my older brother simply asking, “Do you have good credit?”
When I replied to him and answered that I did, he proceeded to ask me to be a co-signer on the car. Another Mercedes. He has wasted so much money on different cars over the years and has put himself into…
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According to the National Council on Problem Gambling, about 2.5 million Americans have a severe gambling problem and another 5-8 million show signs of mild to moderate issues.
They define problem gambling as behavior that negatively affects a person’s daily life, like at work and in relationships. Some signs of problem gambling include:
• Thinking about gambling all the time.
• Feeling like you can’t stop gambling.
• “Chasing losses” by trying to win money back after bad bets.
• Wanting to bet more and more money.
• And continuing to gamble even after experiencing harsh, negative consequences.
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Though gambling is becoming increasingly mainstream in the US, we don’t talk enough about the harm it can…
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Bruno Mars has finally addressed gambling debt rumors on social media.
Full story below…
“KEEP STREAMING! I’ll be out of debt in no time”
…
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The Supreme Court on Wednesday, by a majority of 2:1, set aside the approval granted to AGI Greenpac’s resolution plan for ailing Hindustan National Glass and Industries Ltd (HNGIL), citing non-compliance with mandatory provisions under the Insolvency and Bankruptcy Code, 2016. A bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia and S V N Bhatti was hearing a batch of appeals led by Independent Sugar Corporation Ltd against a September 18, 2023 judgement of the National Company Law Appellate Tribunal (NCLAT).
Justices Roy and Dhulia, in a majority judgement, ruled AGI Greenpac’s resolution plan was unsustainable owing to its failure to…
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Mortgage consolidation can help educe costs and lower payments – Mortgage Matters Castanet.net
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Earlier this month, Bruno Mars teamed up with Sexyy Red to unleash their new track, “Fat Juicy & Wet.” They marketed the collab as a “strip club anthem,” and so far, it’s received mixed reviews. While some listeners find the raunchy single fun, others think it missed the mark. Regardless, Mars reached a new career milestone this week, and quickly took to social media to celebrate.
According to Spotify, he’s the first artist ever to reach a whopping 150 million monthly listeners on the platform, which is certainly no small feat. He reacted to the exciting news with a joke about recent rumors that he gambled his way into $50 million debt in Las Vegas. “KEEP STREAMING! I’ll be out of debt in no time,” he wrote.
Bruno Mars Says…
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Retired Hall of Fame UNC basketball coach Roy Williams helps announce debt relief to Helene-impacted western North Carolina families WGHP FOX8 Greensboro
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Some successful tennis players have been unable to manage their assets, leading to bankruptcy.
Tennis is undoubtedly one of the most attractive sports for athletes. The prize pool at the Grand Slams and other top ATP and WTA competitions is growing every year.
Not only the winners but there’s something in it for every player competing in the tournament. The recently concluded Australian Open 2025 announced an all-time high prize pool of AUD 96.5 million (USD 60.29 million), an increase of 12% from last year.
Players will see their earnings increase at each stage of the tournament. Both men’s and women’s singles champions will get AUD 3.5 million (USD 2.19 million) for winning the title. However, with prize money…
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Austrian investor Rene Benko, founder of the Signa property and retail group and one of Austria‘s richest men, has filed for insolvency, a spokesperson for the Innsbruck regional court confirmed on Thursday.
The move comes after the Austrian state prosecutor filed an insolvency petition against the 46-year-old at the end of January, accusing Benko of failing to pay promised fees linked to the insolvency of Signa Group’s holding company.
The court spokesperson emphasized that this was not an application for private insolvency, but rather insolvency as a business owner.
Nevertheless, as Austrian daily Der Standard reports, Benko is personally liable with his own private wealth, estimated in 2023 to be around €5.5 billion (roughly $6…
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A Million Culled Chickens Show Pitfalls of Biden’s Meatpacking Revamp The Wall Street Journal
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Government will prioritise debt management, domestic revenue mobilisation, and economic transformation in the next financial year.
This revelation was made by the State Minister for Finance (General Duties), Hon. Henry Musasizi, while justifying the motion on the National Budget Framework Paper for Financial Years 2025/26- 2029/20.
Musasizi revealed that the preliminary resource envelope stands at Shs57.44 trillion and that this financial year marks the first implementation phase of the National Development Plan IV which aims to increase household incomes, fully monetise the economy and enhance employment for sustainable socio-economic transformation.
He underscored that focus would be placed on agro-industrialisation,…