Insolvency Guardian Media Centre
Bruno Mars has addressed the famous $50 million gambling debt rumour in new statement.
The Grammy-winning artist, 39, shared an announcement on Instagram Stories about his big milestone on the streaming service platform, Spotify.
Bruno joked about a past rumor that he has a $50 million gambling debt with MGM Resorts
The Honolulu hitmaker penned, “KEEP STREAMING, I’ll be out of debt in no time.”
The shared post revealed that he became the first-ever artist to garner a monthly total of at least 150 million listeners.
In March 14, 2024, News Nation article titled “Bruno Mars needs to lay off the slots: Source” unveiled his…
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MORE than 400 residents attended a debt advice service over a three-month period.
The South Area Council – which covers Darfield, Hoyland Milton, Rockingham and Wombwell wards – commissioned Citizens’ Advice Barnsley to host drop-in sessions for those in need.
Hoyland Library, Darfield Community Centre and Wombwell Library are all used to provide free advice, four times a week, as part of the contract.
A report said: “A total of 404 clients have been helped, which accounts for £25,227 of debt.
“During this quarter, volunteers have assisted clients by dealing with email contacts as well as running reception and managing clients.
“We have also assisted clients with the issues that they faced both dealing with…
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One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors.
Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M) as administrators.
One staff member said they had been briefed on the news by A&M on Monday morning.
Fairline Yachts is understood to employ about 250 people, with no redundancies being triggered by the insolvency.
Money latest: Cost of European holidays surge
The collapse of Fairline Yachts is surprising because the company was only sold early last month by Hanover…
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The National Company Law Tribunal (NCLT) on Wednesday ordered the removal of Bjyu’s interim resolution professional (IRP).
The insolvency court also directed the Insolvency and Bankruptcy Board of India (IBBI) to take disciplinary action against the IRP and disband the committee of creditors (CoC) constituted by the IRP.
The NCLT’s Bengaluru bench passed the order on the pleas of Byju’s lenders, US-based Glass Trust Company and Aditya Birla Finance Ltd, who alleged fraud in creditor classification.
“It is clear from the aforementioned that the IRP has a duty to assist the tribunal with integrity in an honest and fair manner, and the conduct of the IRP in the present case has been filed with the intent to mislead the tribunal,” the…
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Byju’s: NCLT Orders Disciplinary Proceedings Against Resolution Professional Moneylife
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Meanwhile, the BCCI argued that their application under Section 12A of the Insolvency and Bankruptcy Code (IBC) for withdrawal of the proceedings, must be heard first.
It contended that if the application for withdrawal were to be allowed, the other pleas filed by the creditors would not stand. In other words, the BCCI has contended that if the settlement between it and the former management of Byju’s is accepted, the order admitting the company to insolvency would go.
BCCI’s counsel, Senior Advocate CK Nandakumar further told the tribunal that the application for withdrawal will be filed shortly.
Senior Advocate KG Raghavan, appearing for Riju Raveendran (brother of Byju Raveendran), added that the Supreme Court’s direction was for the…
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AGI Greenpac Ltd.’s resolution plan for the acquisition of insolvent Hindustan National Glass Ltd. is unsustainable and has to be set aside, the Supreme Court has held.
A three-judge bench of the top court comprising Justices Hrishikesh Roy, Sudhanshu Dhulia, and S.V.N Bhatti stated that any action that may have been taken after the resolution plan was approved by the committee of creditors will be nullified. “The approval by the committee of creditors has been set aside,” the top court said.
The court further stated that fresh resolution plans should now be considered for HNG’s acquisition.
At the heart of the matter lay the issue of interpretation of a particular provision, section 31(4), of the IBC.
Section 31(4) says that in cases of…
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Kristian Rokke’s Philly Shipyard to pay out $84m after Hanwha deal as it heads for liquidation TradeWinds
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The board of Downing Strategic Micro-Cap (DSM) has decided that “now is the appropriate time” for shareholders to vote on the potential voluntary liquidation of the company.
DSM initially decided to return capital to shareholders in 2023, following a “dispiriting time for micro-cap stocks”, with shares trading at a discount of between 15% and 1%. Ultimately, the board concluded a managed wind-down would be in the best interest of investors.
Since then, shareholders have received special dividends of 63.9p per share in aggregate, and the portfolio now holds just one listed investment in Centaur Media, alongside a secured loan note in Real Good Food and cash. Net asset value currently stands at £2.3m.
The trust’s…
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Bruno Mars broke his silence on viral past rumour that he racked up $50 million in gambling debt with MGM Resorts.
While making a reference to the old rumour with cryptic message, the Die With A Smile hitmaker took to Instagram Stories on Wednesday, January 29, to celebrate his success on Spotify, which declared him as the first-ever artist to garner a monthly total of at least 150 million listeners.
The 39-year-old singer while reposting Spotify’s announcement, wrote, “KEEP STREAMING.”
Bruno, whose real name is Peter Gene Hernandez, then added, “I’ll be out of debt in…