Insolvency Guardian Media Centre
Sunday Links: Bay Area Church to Help Wipe Out $2.3M in Medical Debt Across Seven Counties SFist
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Why Lone Star Tauranga’s former franchisee went under NZ Herald
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Dubai court declares woman insolvent over Dhs425,000 debt Gulf Today
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In total, the number of people going financially insolvent across England and Wales jumped by 16% in August compared with the same month a year earlier, according to Insolvency Service figures.
Some 11,348 people entered insolvency in England and Wales in August, which was also 7% higher than the total in July this year.
The insolvency total was made up of 4,239 debt relief orders (DROs), 622 bankruptcies and 6,487 individual voluntary arrangements (IVAs).
Read more: Lower earners in England ‘need 13 times income to buy an average-priced home’
The number of DROs taken out in August 2025 was a record high in the monthly records going back to their introduction in 2009, the report said.
The figure exceeded a previous high of 4,191 in June…
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Financially troubled Surrey council sells town centre shopping site to help bring down debt Surrey World
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This as-told-to essay is based on a conversation with Chris Gawor, a former sales executive who says he was addicted to day trading for more than a decade before he quit the market. He is now a life coach who helps others who struggle with addiction. Business Insider verified his trading activity through screenshots of his brokerage account. The following has been edited for length and clarity.
I’m someone who didn’t really understand how addictions happen. People who were addicts, to me, were of a certain social class—were low-lives, were alcoholics, drug addicts, etc. “I’m not an addict,” I told myself. “I don’t get addicted to stuff.”
It was only after 12 years, when my trading came to an end, that I…
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The National Company Law Appellate Tribunal (NCLAT) recently dismissed an appeal filed by the suspended directors of a corporate debtor, holding that directors who had invested a sum of ₹5,49,99,950 into the corporate debtor company cannot possibly and credibly claim to have been unaware of the initiation of corporate insolvency resolution process (CIRP) against their company.
–The present appeal before the NCLAT arose from an order passed by the Adjudicating Authorities in an order dated December 7, 2023, ascribing certain observations recorded against the appellants, affecting the CIRP process and subsequent decision in the same regard.
Also Read: Application under section 7(5) of IBC cannot be Rejected due…
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Hajiji with some of the convention’s participants.
KOTA KINABALU (Sept 21): The state government is currently conducting a study to assist those who are still in debt with the National Higher Education Fund (PTPTN), as well as to determine the allocation needed to help ease their burden.
Chief Minister Datuk Seri Panglima Hajiji Noor said the matter will be decided at a state Cabinet meeting later.
Asked whether the aid could be implemented before the state election, Hajiji replied: “We’ll see first. If possible, the sooner the better. This is not an election gimmick. We have said we will help, but help must follow the rules and procedures the…
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