Insolvency Guardian Media Centre
The Federal Reserve has cut the federal funds rate for the second time this year, a move analysts anticipated amid sluggish job growth, higher unemployment and stubborn inflation.
On Wednesday, the Federal Open Market Committee reduced its benchmark rate by 25 basis points to a range of 3.75% to 4.00%. Early signs point to a third rate cut this year when the committee meets again in early December.
A lower-rate environment isn’t great news for savers, who’ve been enjoying higher yields on savings accounts and CDs, but it’s a blessing for Americans climbing their way out of debt.
With back-to-back quarter-percentage-point rate cuts in September and October, debt consolidation loans can be particularly helpful to consumers struggling…
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Dr. Phil messed with Texas bull-riders. Now, he’s getting the horns. Chron
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The Buffalo City Metro BCM council has approved a set of debt-relief measures aimed at easing the financial burden of retired and elderly citizens who continue to face economic challenges.
The council resolutions include the introduction of a one-off municipal debt write-off dating back several years for retired and senior citizens.
The metro described it as “a compassionate initiative designed to recognise senior citizens’ lifelong contributions and offer them a much-needed financial reprieve”.
Mayor Princess Faku welcomed the move and reaffirmed the city’s commitment to building a caring, inclusive and financially sustainable metro that prioritised the wellbeing of its senior citizens.
“We understand that many of our retired…
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It’s no secret that debt is a big issue in our community. With large families, high tuition bills, and a focus on helping others over simply amassing wealth, many people are sucked into high-interest credit cards, which they struggle to pay up over the course of decades.
Others fall into the credit card trap through the offers of free rewards in the form of miles, points, and status. But the availability of “free money” is too hard to refuse, and people often get stuck with astronomical debts.
In recent months, many have found relief through Kosher Debt Help, a non-profit that helps Jewish individuals and families break free of the cycle of debt, with a focus on honesty, transparency, confidentiality, and clarity.
“I was…
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Dr. Phil has lost a trial that will decide the fate of his media startup’s bankruptcy, a case that involved allegations that he plundered the company to set up his new venture.
U.S. Bankruptcy Judge Scott Everett on Tuesday turned down a bid by Dr. Phil to keep the case in Chapter 11, which would’ve allowed him to steer the bankruptcy. It will now proceed as a Chapter 7 liquidation. A trustee will oversee the sale of Merit Street’s assets, including what’s left of its media library, and litigation over whether the TV host swindled Trinity Broadcasting under a $500 million, 10-year deal.
In the decision, the court pointed to evidence indicating that Dr. Phil, whose surname is McGraw, deleted incriminating text…
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Companies of elusive Canberra property developer wound up The Canberra Times
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The National Company Law Tribunal (NCLT), Chennai Bench, has ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against Kamachi Steels Private Limited. The order, relating to petition number CP(IB)/84(CHE)/2025, was pronounced by the Division Bench on October 15, 2025.
The petition was filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, by the operational creditor, Greta Steels Pvt Ltd. The Tribunal’s bench, consisting of Sanjiv Jain (Judicial Member) and Venkataraman Subramaniam (Technical Member), admitted the petition, finding that the Corporate Debtor had defaulted on its operational debt.
Key details of the default
- Total Claimed Debt: The operational creditor’s…
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1⃣ Tell your water company as soon as possible
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Every water company in England and Wales must have a “customer support” or “affordability” policy, approved by Ofwat and monitored by the Consumer Council for Water (CCW). If you tell your supplier you’re struggling, they’re required to:
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Discuss payment options with you,
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Avoid disconnecting your water supply (this is illegal for domestic customers), and
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Offer access to discounts, payment plans, or special tariffs depending on your circumstances.
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Even if you’ve already missed a payment, suppliers will usually freeze debt recovery while they assess your situation.
2⃣ Special tariffs and discounts
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Most companies offer at least one low-income support scheme or “social tariff.” These…
Read the original article here
1⃣ Tell your water company as soon as possible
-
Every water company in England and Wales must have a “customer support” or “affordability” policy, approved by Ofwat and monitored by the Consumer Council for Water (CCW). If you tell your supplier you’re struggling, they’re required to:
-
Discuss payment options with you,
-
Avoid disconnecting your water supply (this is illegal for domestic customers), and
-
Offer access to discounts, payment plans, or special tariffs depending on your circumstances.
-
Even if you’ve already missed a payment, suppliers will usually freeze debt recovery while they assess your situation.
2⃣ Special tariffs and discounts
-
Most companies offer at least one low-income support scheme or “social tariff.” These…
Read the original article here
The proposal was recommended by its board of directors on October 4.
The company conducted an extraordinary general meeting (EGM) after the National Company Law Appellate Tribunal (NCLAT) on Tuesday dismissed a petition seeking a stay on the EGM filed by Byju’s parent firm Think and Learn’s resolution professional (RP), along with its US lenders.
Glas Trust, which represents Byju’s US lenders, argued that the proposed rights issue would reduce Think and Learn’s stake in the coaching…
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Award winning inclusive children’s publisher Knights Of is to close, The Bookseller understands, with accountancy firm Hart Shaw instructed to place the company in liquidation, pending a vote of the shareholders.
The company – which as of 16th October ceased trading – is expected to go into liquidation during the week of 10th November. Shareholders include co-founder and MD Aimée Felone, co-founder Dee Stevens, and authors Robin Stevens and Sophie Anderson.
No reason has been given for the collapse, though it is understood that KO had been talking to publishers about a potential sale for sometime. Knights Of would not comment when contacted by The Bookseller, except to confirm its closure.
This week its offshoot bookshop Round…
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A federal judge ordered that the bankruptcy case filed by Dr. Phil McGraw’s Merit Street Media be converted to a Chapter 7 liquidation, saying that the Trump-backing celebrity TV psychologist showed a lack of candor by deleting incriminating text messages that revealed a scheme to pay “favored creditors.”
According to Bankruptcy Judge Scott Everett, “there is no hope for rehabilitation” for McGraw’s Chapter 11 bankruptcy filing, and Merit Street would therefore need to go into “liquidation mode” going forward. The change allows the court to sell off the assets of the failed TV network in order to repay companies what they claim is owed.
The ruling is the culmination of a months-long fight surrounding the cable network that…