Insolvency Guardian Media Centre
As he addressed the faithful in St Peter’s Square, Pope Francis urged world leaders of wealthy nations to cancel or decrease the debts of less privileged nations, on the occasion of the Vatican’s 2025 Jubilee Year.
“The Jubilee asks to translate this remission of debts on a social level so that no person, no family, no people is crushed by debts. I, therefore, encourage the rulers of countries with a Christian tradition to set a good example by cancelling or reducing as much as possible the debts of the poorest countries,” the Pontiff insisted.
In addition touching on debt relief, the Pope also voiced his hope for an end to conflicts around the world in 2025.
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The board of Cork-based PMD Device Solutions has filed for bankruptcy following a review of the company’s financial position which found that it could not resolve its short-term liquidity requirements rendering it unable to meet critical obligations.
PMD Device Solutions develops and sells medical products for respiratory monitoring in both the hospital acute monitoring sector and the remote monitoring home care sector.
The Cork-based operations are a subsidiary of the Swedish company PMD Device Solutions AB which also filed for bankruptcy in the Stockholm District Court on December 22.
In January 2024, Swedish biotechnology firm Promore Pharma completed the reverse acquisition of PMD Solutions. The deal saw Promore purchase all shares…
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Germany-based Volocopter, an urban air mobility company that develops eco-friendly air taxis to transport people, announced its application to open insolvency proceedings at the Karlsruhe Local Court on 26 December 2024.
The Karlsruhe Local Court began the provisional insolvency administration the following day and appointed Tobias Wahl, partner, and attorney at Anchor Rechtsanwältegesellschaft mbH, as its administrator.
The company has achieved growth through several financing rounds and maintains one of the lowest burn rates in the industry.
However, despite recent fundraising efforts, it has been unable to find a viable solution to continue operations without facing insolvency, says the company.
Business operations will…
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Around one in four people worldwide have tried gambling at some point in their lives. The thrill, social interaction, and sense of escape it offers keep many coming back for more. However, certain countries have gambling rates much higher than most, with over half the population participating in gambling. Currently, the United States, China, and Japan are some of the biggest gamblers, amounting to billions of dollars in total gambling gross losses every year.
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Comedian Jay Leno’s latest injury might be more than just another unfortunate accident, at least according to conspiracy theorists. Those doubters believe there is something fishy about the comedian’s recent explanations about his latest fall that the former “Tonight Show” host had in Pennsylvania in November.
Last month, the former late-night talk show host said that while taking a stroll to a nearby restaurant, he took a 60-foot tumble down a steep hill outside his Pennsylvania hotel. Landing on a pile of rocks, the alleged fall left him with an eye swollen shut, half of his face bruised, a missing fingernail, and a broken wrist. Leno did not seek medical attention until the following day in Los Angeles. Despite his…
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Los Angeles County launches medical debt relief program Beverly Press & Park Labrea News
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Warning issued over student aid fraud rings WTVM
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The 68-year-old was declared bankrupt in June 2020 in a London court with a loan of over 130 million pounds to his name.
Many businessmen, who were once billionaires, went bankrupt in their life due to several reasons. Some had to depend on spouses and kids for daily expenses. One such person is Pramod Mittal, who was the chairman of Ispat Industries Limited (now JSW Ispat Steel). He was declared bankrupt in 2020 after paying 2.5 billion pounds (around Rs 24,000 crore at the time) to his creditors. He is the brother of Indian billionaire and steel magnate Lakshmi Mittal.
Pramod was among the richest men in the world. He was known for his spending sprees. He spent around Rs 550 crore on his daughter Shristi’s wedding in 2013. The…
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Warning issued over student aid fraud rings KTRE
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Warning issued over student aid fraud rings WAVE 3
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(InvestigateTV) — The Office of the Inspector General of the U.S. Department of Education is trying to get the word out about student aid fraud.
Assistant Inspector General for Investigations Jason Williams said one way they are trying to reach people is through their “Eye on Ed” podcast.
“We launched the podcast in 2019, and so since then we’ve had a number of different episodes covering everything from student loan scams to some of the really important audit work that we’ve done in the education space,” Williams said.
One recent episode addressed a growing problem nationwide: the rise of student aid fraud rings.
Student fraud rings occur when organized groups of criminals exploit distance learning programs to fraudulently…