Insolvency Guardian Media Centre
Student loan borrowers face wage garnishments in the new year TheGrio
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Bosque Brewing’s Chapter 11 case dismissed after restructuring effort fails The Business Journals
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The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, the people said, asking not to be identified because they’re not authorised to speak publicly. Separately, some Saks lenders have held confidential talks in recent days to assess the company’s cash needs, according to other people familiar with the matter. Those discussions have focused on a potential debtor-in-possession loan, a form of bankruptcy funding.
Saks raised billions of…
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UAE president receives banking delegation supporting Emirati debt relief initiative MSN
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President Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received a delegation representing banks and financial institutions that contributed to the initiative to waive the debts of Emiratis facing financial challenges. The initiative is led by the Defaulted Debts Settlement Fund in collaboration with banks and institutions across the country.
During the meeting at Qasr Al Bahr in Abu Dhabi, Sheikh Mohamed expressed his appreciation for their involvement and highlighted the importance of strengthening a culture of social responsibility within the UAE. He noted that the more deeply this sense of responsibility takes root, the more resilient and cohesive the nation becomes.
He commended the initiative for bringing relief and renewed hope to…
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A holiday donation of $230,000 to Montgomery County schools will help some families eliminate a significant amount of meal debt.
The donation from DARCARS Automotive Group and DARCARS Toyota was made through the district’s Educational Foundation’s Dine with Dignity Program. It will chip away at the district’s outstanding meal debt of $1.36 million, according to a statement from the school system.
The donation eliminates two years of meal debt for families that are eligible for the Free and Reduced-price Meals program, also known as FARMs. The donation ensures that eligible families begin 2026 with a “clean financial slate,” the district said.
District Superintendent Thomas W. Taylor called the donation an “incredible act of…
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Metaverse meltdown: Futureverse in liquidation BusinessDesk | NZ
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ASTANA – Kazakhstan has established a State Debt Management Council to improve coordination of public borrowing and develop the government securities market, the Ministry of Finance reported on Dec. 22.
The consultative body was created jointly by the Ministry of Finance, the National Bank of Kazakhstan and the Ministry of National Economy.
Photo credit: Shutterstock
The council will focus on measures to deepen liquidity and efficiency in the government securities market, lower the cost of state borrowing used to finance the budget deficit, and develop benchmark yields for the quasi-public sector and corporate issuers.
Its key tasks include coordinating public debt management decisions, supporting the development of the…
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A United Kingdom construction firm, Warwick Ward (Machinery) Ltd, has made all of its employees redundant and has entered administration.
The leading nationwide supplier of earthmoving machinery and recycling equipment has been operating since 1970 and the current “wider economic challenges” impacting the construction and recycling sectors have caused the company to collapse.
For context, when a company enters administration, it has become insolvent (unable to pay its debts) and enters a formal legal process where an independent, licensed insolvency practitioner (the administrator) takes control of the business.
The company’s…