Insolvency Guardian Media Centre
After the Legislature took the first step Tuesday to keep the Isaac Elementary School District open amid the district’s financial crisis, it appeared Wednesday that more help would be on the way from a neighboring school district.
The Tolleson Union High School District’s Governing Board was set to vote Wednesday night on a resolution that would authorize lease-purchase financing of Isaac Elementary property.
The resolution stated that it was unlikely Isaac Elementary would “be able to meet its payroll obligations to teachers, support staff and other employees” starting in February.
Isaac Elementary has “various unencumbered school sites which may serve as collateral” to Tolleson Union in a lease financing between the two school districts…
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While MGM refuted reports of a $50 million gambling debt compiled by Bruno Mars last year, the superstar still had some fun with the casino rumors.
Bruno hit the jackpot to break a Spotify listener record earlier this week and he took to his Instagram Story on Tuesday (Jan. 28) to celebrate the feat and even joked about taking a chunk out of his alleged debt.
“I’ll be out of debt in no time,” the 15-time Grammy Award winner captioned the post about him becoming the first artist to eclipse 150 million monthly Spotify listeners in the platform’s history.
NewsNation reported in 2024 that Bruno owed millions to MGM and that number was as high as $50 million from hitting the casino tables. “He makes…
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Insect protein scaleup Agronutris at risk of insolvency: ‘Access to funding has become harder’ Sifted
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South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial woes.
However, the administrators have urged customers to continue supporting the business while a restructure plan is prepared for creditors.
KPMG Australia’s Tim Mableson and David Kidman have been appointed voluntary administrators, assuming control of three entities within the group.
Fox Creek Wines, which was acquired by business partners and good mates Jock Harvey, Dim Georgiadis and Ben Gibson in 202http://www.businessnewsaustralia.com/1 at possibly the worst time for…
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Digital River, a Minnetonka-based e-commerce pioneer with a global client roster, is shuttering its headquarters and laying off 122 employees after more than 30 years in business.
The permanent layoffs, which include remote workers across the country, should start March 28, according to a WARN notice Digital River filed Monday with the Minnesota Department of Employment and Economic Development. The company is permanently closing its offices, the notice said.
In a Monday message to employees which the Minnesota Star Tribune obtained, owner and CEO Barry Kasoff described mounting financial pressures including “the rapid contraction of key customers, combined with the headwinds presented by new deals with shorter payment terms and U.S….
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NorthStar Gaming Locks Down $43.4 Million in Debt Financing Casino.Org News
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Once a shining beacon of India’s booming edtech industry, Byju’s is now making headlines for all the wrong reasons. The company that once symbolized the aspirations of millions of students and parents is now caught in a legal and financial whirlwind, struggling to survive under an insolvency resolution process.
In a dramatic turn of events, the National Company Law Tribunal (NCLT) has ordered the removal of Byju’s Resolution Professional (RP) Pankaj Srivastava, accusing him of misleading the tribunal and acting against the interests of stakeholders. This development adds another layer of complexity to the ongoing insolvency proceedings and raises serious questions about the…
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For this purpose, the IU will have to obtain the so-called “sub-authentication user agency license” from the UIDAI.
Earlier, there was no requirement of demographic…