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.
Posted on: February 3, 2021, 11:43h. Last updated on: February 3, 2021, 12:17h. Devin O'Connor Read More Joel Silver, one
By Ben PriceBBC News image copyrightGetty Images image captionMental health charity Hafal said it was being "swamped" by people needing
Corporate insolvencies fell by 27.1 percent for 2020 in England and Wales but the statistics dont convey the distressed situation
Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that
President Joe Biden signs an executive order during an event in the State Dining Room of the White House on
There are several reasons a company might liquidate. It might be the case that the company is insolvent and no
Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production
HOUSTON--(BUSINESS WIRE)--Superior Energy Services (Superior or the Company) announced today that the Company has successfully completed its financial restructuring and
{{featured_button_text}} Kiah Treece - Forbes Advisor Generally speaking, the process of debt consolidation involves taking out a new, lower interest
Metamaterial Inc. of Dartmouth, developer of high-performance functional materials and nanocomposites, announced Tuesday it has acquired specialized lens casting production
Over the years, I've had a lot of people tell me what I should and shouldn't be doing with my
BTN News Tuesday, 02 February 2021 The China-basedand formerly all-powerful HNA Group has been declared bankrupt. The diversified group controlled

Posted on: February 3, 2021, 11:43h.

Last updated on: February 3, 2021, 12:17h.

Joel Silver, one of Hollywoods most successful producers over the last 40 years, reportedly paid a $1.7 gambling debt in 2014 for entertainment colleague Ron Meyer.

Joel Silver Ron Meyer gambling casino marker

Anthony Pellicano, a former high-profile private investigator in Los Angeles, tells Variety that Silver sent a payment of $1,736,000 to Wynn Las Vegas in 2014 to cover Meyers debt. However, Pellicano contends that the…

Read the full article at: https://www.casino.org/news/hollywood-producer-joel-silver-reportedly-paid-ron-meyer-debt/

By Ben Price
BBC News

image captionMental health charity Hafal said it was being “swamped” by people needing help with their finances

The pandemic is creating a “debt time-bomb” according to charities concerned about the impact it is having on people’s mental health.

More than 280,000 people in Wales have fallen behind on payments since the start of the Covid pandemic, according to research by Citizens Advice Cymru.

The charity estimates households in Wales are 73m in arrears on the likes of rent, energy bills and council tax.

Mental health charity Hafal said it was being “swamped” by people needing help.

Wales’ minister for mental health said 115,000 people had accessed the 10m made avai…

Read the full article at: https://www.bbc.com/news/uk-wales-55904379

Insolvency figures mask dire reality for UK business

Corporate insolvencies fell by 27.1 percent for 2020 in England and Wales but the statistics dont convey the distressed situation many businesses across the UK find themselves in, according to Azets restructuring and insolvency partner, Stephen Grant.

At face value, the reduction in corporate insolvencies seems like cause for celebration, but these numbers mask the true extent of the damage done by the pandemic, Grant said in a press statement.

Theres a bit of a wartime spirit out there as well people are being quite forbearing. The government has obviously put in some support, and also the courts are effectively closed so nobody can really enforce anyway, Grant said.

The president of insolvency trade body R3, Colin Haig said the go…

Read the full article at: https://www.accountancyage.com/2021/02/03/insolvency-figures-mask-dire-reality-for-uk-business/

Jack Mas Ant Group has reached a deal with Chinese regulators to restructure its business after they raised issues that halted its $37bn initial public offering last year, according to several people familiar with the situation.

The proposed restructuring will involve Ant placing all of its major businesses, including its technology units, inside a financial holding company to comply with a new regime implemented by the Peoples Bank of China in November.

The change, which is likely to be announced before the Chinese new year holiday begins on February 11, according to two of the people familiar with the process, will leave Chinas largest mobile payments company subject to stricter capital requirements, making it more like a bank than a …

Read the full article at: https://www.ft.com/content/25e311e0-a489-4a2e-9533-76c8f2ba60ab