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Company Logo Key market opportunities include the rising demand for cash flow optimization, real-time debt tracking, and AI-powered analytics. Cloud-based
The NFL community has been shaken by the recent confession of former mob boss Michael Franzese, who detailed a game-fixing scheme from the 1980s involving an anonymous New York Jets player. The shocking story comes to light at a time when professional sports are already grappling with modern gambling controversies.
Franzese revealed that the player was pressurized into fixing games to cover a massive $300,000 gambling debt he owed to the mob. The whole scheme began with a bookmaker who was working with Franzese. The bookmaker approached the mob boss because the Jets player was already heavily indebted, owing a smaller amount of $50,000. Instead of collecting right away, Franzese instructed the bookmaker to allow the debt to…
Key market opportunities include the rising demand for cash flow optimization, real-time debt tracking, and AI-powered analytics. Cloud-based solutions are gaining traction, offering scalability and cost efficiency. The Asia-Pacific region promises rapid growth, driven by digital transformation and increased credit risk focus.
The business debt management tool market size has grown rapidly in recent years. It will grow from $2.41 billion in 2024 to $2.75 billion in 2025 at a compound…
The business debt management tool market size has grown rapidly in recent years. It will grow from $2.41 billion in 2024 to $2.75 billion in 2025 at a compound annual growth rate (CAGR) of 14.2%. The growth during the historic period was driven by rising business debt burdens following the financial crisis, increasing demand for cost reduction through optimized debt servicing, growing need for real-time financial oversight, heightened regulatory compliance requirements in financial reporting, and a rise in defaults among small and medium-sized businesses.
The European Union is considering issuing joint debt of tens of billions of euros to support Ukraine after Belgium blocked the use of frozen Russian assets for a reparations loan. According to three EU diplomats, a document that the European Commission is set to present in the coming weeks would describe three possible courses of action: joint debt to aid Ukraine, a reparations loan, or a withdrawal of financial support for Ukraine – the last scenario is supported only by Hungary.
According to one of the diplomats, the question of joint debt was raised by bloc leaders at the recent European Council summit, when it became clear that Belgium would not lift its objection to the use of frozen Russian assets held in Euroclear’s…
Students walk around the UCLA campus on Tuesday, Oct. 7, 2025 in Los Angeles, CA.
Juliana Yamada | Los Angeles Times | Getty Images
Millions of borrowers once again have access to student loan forgiveness — but they may need to take action to ensure they qualify.
The U.S. Department of Education will resume cancelling the debt of eligible borrowers enrolled in the Income Contingent Repayment plan, or ICR, and the Pay as You Earn plan, or PAYE, according to an agreement reached by the American Federation of Teachers and the Trump administration.
Earlier this year, the department had stopped cancelling the debt of borrowers in those two plans, citing a court order.
CandyWarehouse.com, Inc. has filed for Chapter 11 bankruptcy protection. The filing allows the company to keep operating as it works through a court-supervised plan to restructure debt and business operations.
CandyWarehouse.com, Inc. Filed for Chapter 11
The Sugar Land–based company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas on October 24, 2025. Attorney Robert Lane of The Lane Law Firm PLLC is representing the case.
According to PacerMonitor, the company registered 1-49 creditors under the case number 3:25-bk-34192. The listed assets are estimated at $100,001 to $500,000, and liabilities at $1,000,001 to $10 million. A hearing session based on the company’s filings for multiple…
LuxUrban Hotels is facing liquidation, capping off its failed bid to build a boutique empire in New York.
The short-term hotel operator’s Chapter 11 case was converted to Chapter 7 last week after federal officials accused company leadership of “gross negligence” and mismanagement, according to Bisnow.
The move hands control of the firm to an independent trustee, marking a rare and rapid collapse for a company that once claimed it could compete with hospitality heavyweights like Marriott and Hilton.
LuxUrban filed for bankruptcy last month after abruptly shuttering its leased hotels, including The Herald and The Tuscany in Manhattan, while still accepting online reservations and payments. Guests reportedly showed up to locked…
With summer shopping, projects and vacations in the rearview mirror, Ohioans may be looking to get their budgets back on track ahead of the fast-approaching holiday season.
For those who may have overspent, the Ohio Department of Commerce Division of Financial Institutions is offering tips to help consumers manage credit card debt before the season of giving and spending begins.
According to a recent report on household debt and credit released last month by the Federal Reserve Bank of New York, credit card balances rose by $27 billion during the second quarter of 2025 and now total $1.21 trillion outstanding…
The aviation industry is facing many challenges this year as another company filed for bankruptcy. Kachina Air, Inc. has filed for bankruptcy amid rising fuel costs. The company filed for Chapter 11 protection to restructure debt and continue operations.
Kachina Air, Inc. Filed for Bankruptcy Protection
According to PacerMonitor, Kachina Air, Inc., has filed for Chapter 11 bankruptcy. The airline company filed the petition in the Texas Southern Bankruptcy Court. The case was filed on October 24, 2025, after which the company’s website was taken down.
Based in Texas, Kachina Air operates charter flights across Texas, Florida, and South Carolina. The company also offers flight training services.
Kevin Mapstone and Kenneth Robert Craig of Begbies Traynor have been appointed liquidators to Central Fife Sheds Ltd after the Glenrothes-based company ceased trading and entered liquidation on 16 October 2025.
The move follows a number of complaints to Fife Council’s Trading Standards team from consumers who have been left out of pocket. Many customers reported paying in full for goods that were never supplied, often after experiencing prolonged delays.
Dawn Adamson, Trading Standards service manager, commented on the financial impact on customers. She said: “Consumers put their trust in a business and are entitled to expect that they receive what they pay for.
