Insolvency Guardian Media Centre
Debt consolidation has emerged as the dominant driver of home equity borrowing and a key theme that loan officers reported — 81% of loan officers told HomeLight that they’ve seen a spike in homeowners borrowing against their equity, with 29% qualifying this as a significant increase and 52% calling it a slight increase.
In 2025, 87% of loan officers told HomeLight that debt consolidation was the main reason borrowers accessed their equity through home equity lines of credit (HELOCs). The figure was a nearly identical 88% in 2024.
At the same time, many borrowers are waiting for mortgage rates to fall further before making a move. More than one-third of lenders said buyers remain fixated on the possibility of rates dropping to…
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Anna Daroy served as interim chief operating officer and later as interim director general of the Institute of Directors for a year from October 2018.
In a report on Thursday, the Insolvency Service said that six months after leaving her role at the IoD, she secured two maximum-value £50,000 Bounce Back Loans from separate banks for management consultancy Globepoint Associates Ltd.
She received the £100,000 in loan funds within a five-day period in May 2020.
Globepoint Associates Ltd went into liquidation in March 2023, with both Bounce Back Loans outstanding, said the Insolvency Service.
Kevin Read, chief investigator at the Insolvency Service, said: “Anna Daroy abused the Bounce Back Loan Scheme by obtaining two loans when…
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The former head of one of Britain’s leading business groups has been banned from serving as a director for “abusing” state COVID-19 business loans.
Award-nominated businesswoman Anna Daroy has 35 years experience advising company boards in the public and private sector and served as the interim director general of the Institute of Directors (IoD), a prominent business lobby group, from October 2018 to November 2019.
Money blog: cost of visiting popular tourist destination rising
She herself has now been barred from being a director for 11 years after failing to pay back a £50,000 loan overpayment.
It means Ms Daroy cannot be involved in the promotion, formation or management of a company without court permission.
The…
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Belize enacts modern Insolvency and Bankruptcy Act, 2025 Belize News and Opinion on www.breakingbelizenews.com
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The Federal Reserve on Wednesday announced its first interest rate cut of 2025, and the central bank hinted at two more coming before the year’s end.
While this is welcome news for borrowers, it’s not so good news for savers. Since banks look to the Fed’s benchmark rate when setting their own interest rates for consumers, this means that the returns on savings accounts will start trickling down, too.
But even though the return on my high-yield savings account will likely go down, I plan on keeping it open. Here’s why.
Why I’m keeping my high-yield savings account
People often flock to high-yield savings accounts in a rising-rate environment. Though that’s not the case today, I can still make a case for keeping my account.
A high-yield…
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California Attorney General Rob Bonta speaks at a press conference in February 2024.
CNBC
A coalition of 22 attorneys general are opposing the Trump administration‘s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and non-profit workers.
The attorneys general registered their criticism in a letter to Education Department Secretary McMahon on Wednesday.
“Nationwide, millions of Americans took out student loans to become public servants with the promise of debt relief down the line, and now, the Trump Administration is attempting to hold this debt relief tool hostage from employers that engage in actions the President does not like,” California Attorney General Rob Bonta said in…
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New Delhi: Promoters seeking to halt bankruptcy proceedings by repaying creditors will need to settle dues at an early stage, instead of waiting for rival bids from potential investors, under amendments to India’s Insolvency and Bankruptcy Code (IBC) now before Parliament, experts said.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 seeks to overhaul the rules for withdrawing bankruptcy proceedings by limiting settlements to an early window and requiring approval from 90% of lenders, a move aimed at curbing tactical delays and safeguarding the integrity of the bidding process.
The bill disallows promoters to offer settlement once lenders that placed the distressed business under administration of a professional invite bids…
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Anna Daroy served as interim chief operating officer and later as interim director general of the Institute of Directors for a year from October 2018.
In a report on Thursday, the Insolvency Service said that six months after leaving her role at the IoD, she secured two maximum-value £50,000 Bounce Back Loans from separate banks for management consultancy Globepoint Associates Ltd.
She received the £100,000 in loan funds within a five-day period in May 2020.
Globepoint Associates Ltd went into liquidation in March 2023, with both Bounce Back Loans outstanding, said the Insolvency Service.
Kevin Read, chief investigator at the Insolvency Service, said: “Anna Daroy abused the Bounce Back Loan Scheme by obtaining two loans when…
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Cosmicnode, a Dutch specialist in wireless control solutions for LED lighting and other applications, has gone bankrupt. The company, based at the High Tech Campus in Eindhoven, the Netherlands, had been operating under the radar for years. Just this spring, when it began to present itself more visibly to the market, it filed for bankruptcy.
Curator Reinoud van Oeijen of Holla Legal & Tax in Eindhoven confirmed the news last week. He explained that Cosmicnode itself had filed for bankruptcy and that a potential restart is now being considered. At the time of filing, the company employed only three people, namely its founders.
Although the curator is still studying the details of the case, he already noted that the…
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Budapest’s Opposition-Held Municipality Could Go Bankrupt by End of 2025 Hungary Today
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Jamie Oliver believes his restaurant empire went under because he did not get the basics right and was “conceptually thick”.
Jamie Oliver believes his restaurant empire went bankrupt because he did not get the basics right and was ‘conceptually thick’
The Naked Chef, 50, saw his Jamie’s Italian restaurant franchise go into administration in 2019, and he has now explained that his empire crumbled because he “got the basics wrong”.
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