Insolvency Guardian Media Centre
Governor stein talks medical debt relief WITN
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Billions of dollars in medical debt were wiped away here in North Carolina last month. Following this announcement, Governor Josh Stein visited Greenville to hold a Roundtable on the debt relief.
News12 was at the Roundtable at the Cornerstone Missionary Baptist Church, where it took place.
Governor Stein made the announcement last month that more than 6 billion of medical debt would be erased, and some people are getting that news in the form of letters.
I thought at first that the letter was junk because it looked like a typical junk letter and when I opened it, read it two or three times I felt like I won the lottery.
When people like Marsha Hall opened their mail, it was a shock. Governor Josh Stein says this medical debt relief will…
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Alex Macqueen with MPs at Parliament, Credit: CAFOD
Source: CAFOD
With the global debt crisis high on the agenda at this week’s G20 summit, actor Alex Macqueen is starring in a spoof television advert released in the UK on 19 November. Created by Richard Curtis’ Project Everyone initiative in partnership with Catholic aid agency CAFOD, the satirical commercial Meet the World’s Loan Sharks exposes the global debt crisis as tantamount to pay-day loans.
Best known for his roles in The Thick of It, Hijack, Rivals and Inbetweeners, Alex attended a special screening of the 90 second spoof for MPs at the Houses of Parliament, and it is also being released across the social media channels.
Aid agency CAFOD is calling for the UK government to step…
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Gambling Addiction Is a Growing Problem. How to Protect Family Assets. Barron’s
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REVEALED: Latest business liquidations in Latrobe (VIC) Herald Sun
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The acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL) marks a significant moment in the ongoing resolution of India’s corporate insolvency cases. Adani secured the Committee of Creditors’ (CoC) approval for its ₹14,535 crore resolution plan for the debt-laden Jaiprakash Group flagship, outbidding rivals like Vedanta and Dalmia Bharat. This approval was formalized when AEL received a Letter of Intent (LOI) on November 19, 2025, following a decisive vote where Adani garnered an impressive 89% of the creditors’ support.
JAL was pushed into the Corporate Insolvency Resolution Process (CIRP) in June 2024 after defaulting on loans that aggregated to a massive ₹57,185 crore. The process was…
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In September, voluntary liquidator Begbies Traynor was appointed to Penrhyn Ltd. On Companies House, Robert Andrew Roberts is listed as the sole director.
A statement of affairs has now been published, detailing the company’s assets and liabilities.
It shows the company has assets in the form of land and property valued at up to £2.3 million. These are subject to a fixed charge, with Charles Street Commercial Investments owed £3.36 million, leaving a shortfall of more than £1 million.
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Estimated total assets available for preferential creditors total about £9,000. Debts of about £200,000 are owed to Penrhyn Ltd, although the recovery of this money is noted as “uncertain.”
A summary of…
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Motorcycle accessories supplier Polo has once again filed for insolvency under its own administration and intends to continue business operations under the protection of insolvency law. Despite economic difficulties, the stores remain open and employees’ wages are secure for the time being.
- Insolvency under self-administration since November 18, 2025
- Around 700 employees in Germany, wages secured until January 2026
- Stores in Germany remain open, Austria and Switzerland not affected
Renewed insolvency proceedings under self-administration
Polo Motorrad has applied to the Mönchengladbach Local Court for self-administration proceedings. The company wants to use this to restructure itself under insolvency law protection….
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Meeting electronically on Nov. 12, 2025, the ELCA Church Council adopted “Child Protection” as an official social message of our church and advanced several significant initiatives. Actions included beginning work on study resources addressing white supremacy, supporting educational debt relief for rostered ministers—especially women and people from historically under-represented groups—and revising spending authorization and benefits policies for 2026.
For a full overview of these actions and what they mean for the ELCA’s life and mission, read the complete news release from ELCA News.
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Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal. The company did not disclose its bid value.
Upon takeover, Adani Enterprises will have control over Jaiprakash Associates’ business spanning seven industries that had reported over ₹6,500 crore in revenue and over ₹35,000 crore in assets for FY25.
Adani will get 3,985 acres of land across Noida and Greater Noida in Uttar Pradesh, 6.5 million tonnes of cement capacity in Madhya Pradesh and Uttar Pradesh, and a 24% stake in Jaiprakash Power Ventures. A hospitality business with 867 rooms across five hotels in Delhi, Agra and Mussoorie and a…
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Mohd Izzuan/Getty Images
Credit card debt has become a source of financial strain for millions of Americans, especially as interest rates have remained at or near multi-decade highs throughout 2025. Right now, for example, average credit card APRs sit above 22%, which means every month of carrying a balance exacts a much higher cost than it did just a few years ago. And, the pressure that adds is especially acute now, with serious…