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.
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank's appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National
With the aim of fully repaying the bilateral expensive loan obligations to Eurozone countries (first bailout program) by 2031-a decade before the original maturity date in 2041-Greece made a new early debt repayment move on December 15.
Having received the “ green light” from the ESM, European loans under the Greek Loan Facility (GLF) with variable interest rates, maturing between 2033 and 2041, amounting to € 5.287 billion, were repaid. This move adds to previous repayments (which have exceeded € 15 billion in total), significantly contributing to debt sustainability and reducing exposure to variable interest rates. Specifically, in December 2024, obligations of 7.935 billion euros were paid, in December 2023…
Appellate tribunal NCLAT has rejected Equitas Small Finance Bank’s appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter.
Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of 3(17) of the Insolvency & Bankruptcy Code and is not a corporate person against whom a Section 7 application can be initiated.
This was challenged by Equitas Small Finance Bank before the National Company Law Appellate Tribunal, contending that Jumbo Finvest was registered as a financial service provider by the RBI.
The banking sector regulator on January 16, 2020, barred it from…
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Borrowing is an important part of a long-term financial plan, whether it’s for an education or a place to call home. But taking on debt comes at a cost.
According to credit bureau Experian, total consumer debt in the U.S. hit a record $18.33 trillion in 2025, up 3.2% from last year. Incorporating all types of debts, from credit card bills to mortgages, that works out to $104,755 per consumer.
Members of Gen Z saw the largest increase year-over-year, but Millennials had the highest average balance.
Find a debt relief program that works for you
How much Americans owe
The average debt balance hasn’t shifted much. U.S. consumers carried an average balance of $104,755 in June 2025, down by less than 1% from $105,580 in June…
Holly Wilson, from Cumbernauld, North Lanarkshire, said she racked up debts of more than £15,000 after seeing her work hours slashed when she fell pregnant unexpectedly with her son, Levi.
The 38-year-old trained singer had juggled multiple jobs while struggling to keep on top of her bills, saying an ex forced her into even more debt by taking her cards and using them as his own.
She spoke out as Christians Against Poverty (CAP), a UK charity working with over 800 churches, found 12.5 million people (23% of UK adults) say…
Utterly broken after investing almost $370,000 of her retirement savings into the now-collapsed First Guardian Master Fund and learning she may not get most of it back, Mel Wohlers contemplated ending her life.
“I went to a really dark place because of this and almost did something really stupid,” a tearful Ms Wohlers says before adding: “And I don’t want to.”
Melanie Wohlers wipes away tears as she tells of her devastation.(Photo: Patrick Rocca)
French startup Ÿnsect shot into the spotlight when “Iron Man” star Robert Downey Jr. touted its merits on the “Late Show” during Super Bowl weekend 2021. Now, nearly four years later, the insect farming company has been placed into judicial liquidation — essentially bankruptcy — for insolvency.
The company’s demise is hardly a surprise, as Ÿnsect had been embattled for months. Still, there is plenty to unpack about how a startup can go bankrupt despite raising over $600 million, including from Downey Jr.’s FootPrint Coalition, taxpayers, and many others.
Ultimately, Ÿnsect failed to fulfill its ambition to “revolutionize the food chain” with insect-based protein. But don’t be too quick to attribute…
Between hosting dinners, buying gifts and travel, the holidays can get pretty expensive. And if you’re finding that your paycheck just doesn’t go as far as it once did, credit cards or personal loans may seem like the easiest way to extend your income to afford everything the holiday season demands.
But come January 1, you’re faced with a new reality: It’s time to pay up — and sometimes the balance can be overwhelming. This is called the “holiday debt hangover,” and if you already feel the financial stress mounting, read on for six tips to overcome it.
Assess the damage
Sometimes the uncertainty of not knowing exactly how much debt you have adds to existing financial stress. Rip off the band-aid and look at your credit card statements to…
(Bloomberg) — Brazil’s central bank is facing extraordinary scrutiny over its decision to liquidate Banco Master SA, a rare instance of judicial intervention that risks undermining the legal certainty of its regulatory decisions.
Both the country’s Supreme Court and Audit Court are seeking details about the move, with the regulator facing a looming deadline to provide information. The liquidation followed months of investigations into Banco Master’s operations and its politically connected Chief Executive Officer, Daniel Vorcaro, who spent about a month in jail before being released with an ankle monitor.
The central bank found evidence suggesting attempted fraud in the proposed sale of Master to Banco de Brasilia SA, an…
Casino operators’ debt/EBITDA levels elevated relative to peers.
Analyst says coverage ratios are somewhat low.
He adds high debt can hinder asset-level investment.
Shares of Caesars Entertainment (NASDAQ: CZR) and Penn Entertainment (NASDAQ: PENN) flailed this year with the casino operators’ sizable debt burdens looming large.
The Flamingo casino hotel on the Las Vegas Strip. Operator Caesars Entertainment and rival Penn Entertainment are grappling with significant debt burdens. (Image: Shutterstock)
