Insolvency Guardian Media Centre
Is lending money to family the right thing to do? Or is it a moral obligation?
Consider the case of Jessie, a 33-year-old who is debt-free, runs her own business and lives comfortably after all her hard work and risk-taking. When her 29-year-old brother, Mark, recently asked her to cover four months worth of his rent, she said no.
It wasn’t because Jessie couldn’t afford it. It was because she’d been down that rabbit hole before.
Still, Jessie insists the decision isn’t an act of selfishness. It’s about establishing boundaries.
According to Lending Tree, 35% of Americans who’ve lent money to family or friends in the past reported negative consequences (1). These include hurt feelings (14%),…
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A vacation might finally be on the horizon for Tammy Stinson.
That’s because after nearly 25 years of payments, Stinson’s $70,000 student-loan balance has finally been wiped out.
“I feel like I might be free now,” Stinson, 52, told Business Insider. “I can actually live my life and hopefully retire before I’m 90.”
Stinson’s student-loan forgiveness is a result of meeting her qualifying payments on an income-based repayment plan. IBR plans offer borrowers monthly payments based on their income, with forgiveness after 20 or 25 years, depending on when they first took out the loan.
President Donald Trump’s Department of Education paused IBR processing over the summer, citing ongoing litigation regarding repayment…
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A New Generation of Gamblers Searches for Help The New York Times
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When Patrick O’Connell picks up the phone these days to help Prince Edward Islanders in financial distress, he’s hearing a familiar concern: the rising cost of living, which is driving people deeper into debt.
O’Connell, a licensed insolvency trustee for P.E.I. with Allan Marshall & Associates, said many of the Islanders he speaks with are struggling to make ends meet as everyday expenses continue to climb.
He said last month was the busiest his firm has ever been on the Island, handling more insolvency files on P.E.I. than ever before.
“Pretty much over 90 per cent of the people now…
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The Insolvency and Bankruptcy Board of India (IBBI) has taken a decisive step toward fortifying the integrity of corporate insolvency proceedings. On 6 November 2025, it released a Discussion Paper proposing mandatory declaration templates for beneficial ownership and Section 32A eligibility, marking a shift from discretionary disclosures to a standardized, verifiable framework. This move directly addresses concerns that the “clean slate” immunity offered to successful resolution applicants could be misused by individuals with questionable backgrounds hiding behind complex corporate structures.
The genesis of this proposal lies in feedback from stakeholders grappling with the practical implementation of the Insolvency and Bankruptcy…
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The National Company Law Tribunal (NCLT), Mumbai bench has approved the resolution plan submitted by Amphitrite Subsea Private Limited for the revival of Dunnimaa Engineers and Divers Enterprises Private Limited, which was undergoing Corporate Insolvency Resolution Process (CIRP) since November 2022.
The CIRP was initiated on 24.11.2022 by Omkara Asset Reconstruction Private Limited, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). Kamal Rajkumar Sharma was appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional (RP).
During the process, the RP faced significant delays in obtaining necessary information from the suspended board…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
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In a recent ruling under the Right to Information Act, the Insolvencyand Bankruptcy Board of India (IBBI) has dismissed an appeal seeking disclosure of Committee of Creditors’ (CoC) voting results in the CIRP of a company, reiterating that such records are held in a fiduciary capacity and are exempt from disclosure under Section 8(d) of the RTI Act.
The Appellant had filed an RTI application requesting details of the voting outcomes of the CoC in the corporate insolvency resolution process (CIRP) of Three C Projects Pvt. Ltd.
The Central Public Information Officer (CPIO) of IBBI responded that the requested information was not available with the Board. Contending that IBBI, being the monitoring authority for insolvency…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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2….
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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2….
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In a significant move aimed at resolving long-pending insolvency cases, the Enforcement Directorate (ED) and the Insolvency and Bankruptcy Board of India (IBBI) have jointly formulated a Standard Operating Procedure (SOP) for the return of assets seized under the Prevention of Money Laundering Act (PMLA). Under the new framework, assets seized from insolvent companies and their promoters can now be restored to legitimate claimants — including banks, homebuyers, and other creditors.
This initiative is expected to accelerate the insolvency resolution process and help settle several cases currently pending in various courts….
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Shree Hanuman Sugar & Industries Reports Rs 52.54 Lakh Loss Amid Ongoing Insolvency Process scanx.trade