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CAMARILLO, Calif., Dec. 28, 2025 (GLOBE NEWSWIRE) — When does debt settlement become the most realistic choice for people who can no longer keep up with their bills? That is the central question explored ina HelloNation article that examines how individuals can respond when rising costs and stalled progress make traditional repayment methods unworkable. The feature highlights how structured financial steps can turn pressure into a path toward long-term stability.
In the article, HelloNation outlines how many households reach a point where monthly payments no longer match the reality of their income and expenses. Balances can grow faster than they shrink, especially when high interest charges outweigh consistent payments. The…
Sitting on the veranda of his home on the outskirts of Mozambique’s capital, João Vasco held a framed photo of his younger brother Pinto, who died by suicide this year after losing around $850 gambling.
“I helped him with school fees and everything I could,” João, 37, recalled, pausing to fight back tears.
Pinto, 21, was in his second year at university, studying to become a history teacher, when João learned he was gambling and confronted him. He thought he had gotten through to Pinto.
“Two months later, I found out that he was no longer going to university. He told me, embarrassed, that he had debts because he had lost the tuition money.”
One Sunday morning in May, Pinto hung himself at home.
India’s appellate tribunal, the National Company Law Appellate Tribunal (NCLAT), has set aside a National Company Law Tribunal (NCLT) order that rejected Culver Max Entertainment’s insolvency petition against an Odisha-based fintech firm, offering relief to the broadcaster, which was formerly known as Sony Pictures Network India.
NCLAT passed the case back to the Cuttack bench of NCLT, directing the court to hear the matter afresh.
The tribunal also observed that NCLT should have at least given Culver Max an opportunity to rectify the defects in its application, an opportunity which was not given to the company in the present case.
In an order passed on 10 December 2025, the appellate tribunal said that this exercise should preferably be…
If you think gambling is a fast way to make money, Mark Lee is here to show you why that couldn’t be further from the truth.
In a recent episode of Mediacorp documentary series Rail Life Story, the 57-year-old local comedian opened up about one of the lowest points in his life — his 30s.
“More than 10 years ago, gambling left me with a massive amount of debt,” he recalled solemnly.
That was when Mark realised he had to confront his gambling addiction, which reportedly left him $200,000 in debt, or else “the problem will continue to exist.”
“So with the courage my family gave me, I spent about two to three years working very hard to pay off my debts,” he shared.
Looking back, Mark admitted he was “very foolish”…
England rugby legend is Lawrence Dallaglio is facing financial ruin after being hit with a fresh £500,000 bill.
The World Cup winner, 53, was declared bankrupt earlier this year after he and his wife of almost 20 years, Alice, divorced amid accusations of infidelity on both sides.
And new documents have revealed that he now owes £423,570 in overdrawn director’s loans for his failed sports company Lawrence Dallaglio Ltd.
Dallaglio, who spent all of his club career with Wasps, also owes more than £60,000 to liquidators – more…
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The Kerala High Court held that an order passed by the National Company Law Tribunal (NCLT) rejecting a resolution plan is appealable under Section 61 ofthe Insolvency and Bankruptcy Code, 2016 (IBC), and that the availability of such a statutory remedy bars the invocation of writ jurisdiction.
The dispute arose when MMS Steel & Power Private Limited, a member of the Committee of Creditors holding 80.11% voting share, and K. Sunil Kumar, a personal guarantor to the corporate debtor, challenged an order passed by the Kochi Bench NCLT, during the Corporate Insolvency Resolution Process (CIRP) of Kasargod Power Corporation Limited.
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The Delhi High Court has quashed criminal proceedings initiated under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) against the former directors of a private limited company. The Court held that dishonour of cheques with the remark “ACCOUNT BLOCKED” due to ongoing insolvency and liquidation proceedings does not constitute an offence under Section 138, as the directors cease to have control over the company’s bank accounts once an Interim Resolution Professional (IRP) or Liquidator is appointed.
Case Background
The judgment was delivered in a batch of petitions filed by Farhad Suri and Dhiren Navlakha (Petitioners), challenging the summoning orders issued by the Metropolitan Magistrate in January…