State of Play
- Michael Duke Thomson, a high-stakes gambler, is suing Las Vegas’ Aria Casino after waking up in handcuffs amid claims of being drugged and racking up $75,000 in gambling debt.
- This lawsuit highlights the risks and…
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.
David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds MSN
Read the original article here
Two more British Steel IFAs declared insolvent as fears grow over redress scheme Citywire
Read the original article here
Photo by HannaTor/Shutterstock
Read the original article here
Reliance Communications Reschedules Creditors Meeting Amid Insolvency Proceedings TipRanks
Read the original article here
Rolta India Limited’s Insolvency Resolution Plan Approved by NCLT TipRanks
Read the original article here
A Dutch technology entrepreneur has been declared bankrupt by a London court following an unpaid loan dispute, months after losing a separate multi-million-pound legal battle involving a company owned by Reform UK treasurer Nick Candy.
Robert Bonnier was declared bankrupt at the Insolvency and Companies Court in London on Tuesday.
The ruling followed a petition brought by technology investment firm All Active Asset Capital.
The court was told that Mr Bonnier owed the company around £1.5million from an unpaid loan.
The bankruptcy order is separate from earlier High Court proceedings in which Mr Bonnier and his company Aaqua BV were ordered to pay more than £4.6million in damages.
That judgment followed a legal dispute with Candy Ventures…
Read the original article here
Read the original article here
A FY2026 budget investment of $500,000 will help eliminate up to $50 million total in medical debt for Delaware families
WILMINGTON— Governor Matt Meyer today announced significant progress in Delaware’s medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 Delawareans so far. The effort is supported by a $500,000 investment included in the FY2026 budget to partner with Undue Medical Debt, a national nonprofit organization, to eliminate up to $50 million in qualifying medical debt for hardworking Delawareans. Undue Medical Debt acquires the most burdensome medical debts in bulk for a fraction of their face value, meaning one dollar can erase $100 of medical debt…
Read the original article here
News Explorer — South Korean Government Gave $15 Million in Debt Relief to Crypto Traders Decrypt
Read the original article here
One of Tesla’s Biggest Critics Just Went Bankrupt Autoblog
Read the original article here
Luminar Technologies, Inc. (NASDAQ: LAZR) filed for Chapter 11 bankruptcy protection on Monday, marking a dramatic fall for the autonomous vehicle sensor maker that lost more than 90% of its market value over the past year.
The Orlando-based company filed in the US Bankruptcy Court for the Southern District of Texas after months of financial distress. Court documents show Luminar reported assets between $100 million and $500 million against liabilities ranging from $500 million to $1 billion.
The bankruptcy filing comes after Volvo cancelled a five-year supply contract in November, removing the Swedish automaker as Luminar’s largest customer. The company has taken legal action against Volvo over the dissolved partnership…
Read the original article here
The National Company Law Appellate Tribunal (NCLAT) at New Delhi has held that a personal guarantor who was permitted to participate in proceedings before the Adjudicating Authority qualifies as an “aggrieved person” entitled to maintain an appeal under the Insolvency and Bankruptcy Code against the admission of insolvency proceedings. The ruling came in an appeal filed by Ashwin Smith,…