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.
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Vijay Mallyas bankruptcy: What it means for fugitive businessman, lenders – Business Standard
The Insolvencies and Companies Court of London High Court on Monday declared fugitive business baron Vijay Mallya a bankrupt person
Puerto Rico board finalizes deal securing bond insurers’ support for debt plan – Reuters
SummaryCompaniesAmbac and FGIC, longtime holdouts, to back restructuring planInfrastructure bond holders to get $260 million in cashJudge to consider final
Bergen Community College erases $5 million in student debt – WABC-TV
PARAMUS, New Jersey (WABC) -- Bergen Community College has announced it is erasing $5 million in student debt as part
Strengthen the Code – The Indian Express
Five years ago, the Insolvency and Bankruptcy Code (IBC) was passed by the Parliament, bringing about a structural change in
Insolvency pre-packs good for small firms – Economic Times
The governments move to amend the insolvency law to allow pre-packaged insolvency resolution plans for micro, small and medium enterprises
Bid for better bailiffs as pandemic debts rise – BBC News
By Kevin PeacheyPersonal finance correspondent, BBC News image copyrightGetty Images A plan has been brokered to cut down on aggressive
Need help with credit card debt? Here’s what experts have to say – Today.com
Feeling guilty about swiping your credit card? Youre not alone: Almost 40% of Americans carried a balance on active credit
Biden should extend student loan payment pause and cancel $50,000 for borrowers: Schumer – USA TODAY
Chuck Schumer and Natalia Abrams, Opinion contributors Published 12:47 p.m. ET July 27, 2021 | Updated 1:13 p.m. ET July
Owner of famous Glasgow Lorne hotel set for liquidation – Glasgow Times
THE renowned Lorne Hotel in the west end of Glasgow has been put up for sale as administrators take steps
Big banks pile into Calvary Health, new debt to help swallow Japara – The Australian Financial Review
Japaras expected to cost Calvary more than $550 million. Its $1.40 a share bid valued Japaras equity at $375 million,
In five years of IBC regime, lenders took 61% haircut on claims, show data – The Indian Express
Public and private sector banks, non-banking financial institutions, and other financial lenders to companies undergoing corporate insolvency resolution process (CIRP)
John Stonehouse: Bizarre tale of the MP who faked his own death – BBC News
By James NaughtieBBC News media captionJohn Stonehouse: The MP who faked his death Ask anyone today who it was in