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.
UK cinema company Really Local Group has entered liquidation after eight years in operation. Founded with the aim of regenerating
The SA Revenue Service (Sars) will take on former Passenger Rail Agency of SA (Prasa) CEO Lucky Montana unopposed in
Sven-Goran Eriksson's luxury mansion has reportedly been sold at a cut-price, as his family look to pay off his large
The good news: student-loan forgiveness is back on. The bad news: borrowers who get it could face thousands of dollars
Entain Launches Bond Offering to Extend Debt Maturity and Reduce Financing Costs  iGamingToday.com Read the original article here
How the right type of debt can actually help improve your wealth  MSN Read the original article here
SEL Manufacturing Reports Staggering Rs 8,526 Crore Loss Amid Severe Financial Crisis  scanx.trade Read the original article here
What Is Sovereign Debt?  International Monetary Fund Read the original article here
Having debt is widely viewed as something negative, but taking out a specific type of loan could actually help you
Having debt is widely viewed as something negative, but taking out a specific type of loan could actually help you
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While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law

UK cinema company Really Local Group has entered liquidation after eight years in operation.

Founded with the aim of regenerating high streets in underserved areas, the company sought to create inclusive third spaces built around cinema. Over eight years, Really Local Group launched five community venues across London, employed more than 700 local staff, paid out over £8m in wages, and sold around 1.5m cinema tickets.

Its venues transformed disused shops and nightclubs into affordable, multi-purpose community hubs co-designed with local residents. Each location offered a mix of cinema screens, live performance areas, café-bars, and flexible creative spaces.

From the outset, however, the company faced considerable challenges….

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The SA Revenue Service (Sars) will take on former Passenger Rail Agency of SA (Prasa) CEO Lucky Montana unopposed in the Pretoria high court, in a legal bid to attach his assets over a multimillion-rand tax debt.

Sars has also requested Montana, now an MP for the MK party, be declared insolvent because his assets are worth only R10.5m and the tax debt from 2009 to 2019 has ballooned to R55m, including interest.

An insolvency declaration would threaten Montana’s job as an MP.

The matter has been placed on the unopposed court roll after Montana lost his appeal for condonation for the late filing of his answering affidavit last month.

The tax authority’s sequestration application was lodged in 2024, and Montana’s answering affidavit was…

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Sven-Goran Eriksson‘s luxury mansion has reportedly been sold at a cut-price, as his family look to pay off his large debts.

Eriksson, who died last August due to pancreatic cancer aged 76, owned a seven-bed house in Torsby, in his native Sweden – located on the banks of Lake Fryken where he lived out his days with his partner Yaniseth Alcides.

The former England manager reportedly had assets worth £4.8million but owed a staggering £7.25m to HMRC alone. He also owed reportedly had at least £1m outstanding in other debts.

And in a bid to help reduce that outstanding debt, his family have sold his old mansion called Bjorkefors – albeit at a substantial loss.

According to The Sun, the property was on the market for £2m but his family had…

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The good news: student-loan forgiveness is back on. The bad news: borrowers who get it could face thousands of dollars in new taxes next year.

On Monday, Sen. Elizabeth Warren led a group of her Democratic colleagues in sending a letter to Treasury Secretary Scott Bessent, exclusively viewed by Business Insider, calling on him to use his authority to prevent a “tax bomb” from hitting student-loan borrowers next year. The lawmakers are referring to a 2021 provision in the American Rescue plan that made student-loan forgiveness tax-free, and the provision is set to expire in January 2026.

It means that borrowers who complete their payments on income-driven repayment plans in 2026 could face thousands of dollars…

Read the original article here

Entain Launches Bond Offering to Extend Debt Maturity and Reduce Financing Costs  iGamingToday.com

Read the original article here

How the right type of debt can actually help improve your wealth  MSN

Read the original article here

SEL Manufacturing Reports Staggering Rs 8,526 Crore Loss Amid Severe Financial Crisis  scanx.trade

Read the original article here

What Is Sovereign Debt?  International Monetary Fund

Read the original article here

Having debt is widely viewed as something negative, but taking out a specific type of loan could actually help you become significantly better off.

People often aspire to be ‘debt free’ and make this a primary financial goal. There are good reasons for this in many cases, and it will be a wise move for a lot of people.

Outside of a mortgage, which is an essential part of buying a home for the vast majority, spending money on paying interest is not a good way to improve your financial standing.

There is a crucial distinction that must drawn between two very different types of debt though.

One is debt that exists because you do not have the money to pay it off immediately – but the other is debt you choose to have because it offers…

Read the original article here

Having debt is widely viewed as something negative, but taking out a specific type of loan could actually help you become significantly better off.

People often aspire to be ‘debt free’ and make this a primary financial goal. There are good reasons for this in many cases, and it will be a wise move for a lot of people.

Outside of a mortgage, which is an essential part of buying a home for the vast majority, spending money on paying interest is not a good way to improve your financial standing.

There is a crucial distinction that must drawn between two very different types of debt though.

One is debt that exists because you do not have the money to pay it off immediately – but the other is debt you choose to have because it offers…

Read the original article here

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below.

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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While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of the Limitation Act, 1963, apply to proceedings under the Insolvency and Bankruptcy Code, 2016, and has condoned the delay in filing the applications.

The applications were filed by Kerala Financial Corporation, the creditor, against Dr. Bharath Chandran and Dr. Ashalatha Nair, who were personal guarantors for Trivandrum International Health Services Limited, the corporate debtor. The applications arose after the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor failed, and liquidation proceedings were…

Read the original article here