Insolvency Guardian Media Centre
On September 9, two court orders were entered against individuals involved in the student loan debt relief industry (orders available here and here). The individuals were barred from the debt relief industry and ordered to pay civil money penalties as well as turn over assets to resolve charges against them. The court orders against the two individuals followed a complaint initially filed by the FTC in November 2024. In entering orders against the two individuals, the court found both defendants participated in deceptive acts or practices in violation of Section 5 of the FTC Act, the Telemarketing Sales Rule, Section 521 of GLBA and the FTC’s Trade Regulation Rule on Impersonation of Government and Businesses, with some…
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Dave Broadbent, chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and partner at Begbies Traynor in York and Teesside, says:
“Corporate insolvencies have decreased slightly in August 2025 when compared to the previous month, but have increased almost 6% when compared to the same month last year. The trend shows continued high numbers of formal insolvencies, although some way off the peaks of 2023 when pandemic-era problems unwound.
“For many businesses, uncertainty in what is already a difficult trading environment remains the dominant theme. The now confirmed…
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Verizon Great Lakes and the Chicago Bears on Monday announced a partnership to provide $2 million in medical debt relief specifically for Illinois veterans, as part of Verizon’s groundbreaking $22 million commitment to eliminate crushing medical debt for veterans across the Great Lakes region through 2026.
This initiative targets the crushing weight of medical debt—a significant burden that disproportionately affects veterans transitioning to civilian life and seeking care. By removing this obstacle, the program aims to provide a pathway to greater financial stability for those who have served the nation.
Since launching in 2024, Verizon’s veteran medical debt relief program has already erased $8.79 million in…
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(SeongJoon Cho/Bloomberg)
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First Brands Group, the auto parts maker facing a growing wave of doubts about its finances and earnings statements, is discussing options with its creditors for restructuring its $6 billion debt load that include a possible Chapter 11 bankruptcy filing.
The company’s advisers are sounding out lenders for new financing, which could be structured as a so-called debtor-in-possession loan to fund continuing operations if it begins the Chapter 11 process,…
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US ready to support Argentina with ‘large and forceful’ action, Treasury chief says Reuters
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Bengaluru: Widespread crop loss due to excessive rain during the now concluded kharif season has prompted farmer organisations to demand a loan waiver and the setting up of a debt relief commission on the lines of Kerala. Despite the early onset of monsoon in May, sowing took place only on 67.7 lakh hectares as against a target of 82.5 lakh hectares for the June–Sept season. Crops on 5.2 lakh hectares were lost. Northern districts including Kalaburagi, Dharwad, Bidar, Belagavi, Bagalkot, Haveri and Vijayapura, were the worst hit. “Farmers in Karnataka experience only two conditions: Floods due to excessive rains or drought,” said T Yashawanta, state general secretary, Karnataka Pranta Raitha Sangha. “Whether it rains or not, farmers…
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US Treasury Secretary Scott Bessent has said the US is “ready to do what is needed” to help stabilise Argentina’s escalating financial turmoil.
“All options for stabilization are on the table,” Bessent wrote on social media, calling Argentina a “systematically important US ally in Latin America”.
The message helped to calm financial markets, which have been rattled as recent election losses raise doubts about the future of Javier Milei’s cost-cutting, free-market agenda.
The value of the peso has been plunging, while investors dump Argentine stocks and bonds.
Milei, a libertarian economist and ally of US President Donald Trump, was elected president of Argentina in 2023 as an outsider candidate who promised to control soaring…
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Betting on a Miracle: The Debt Trap Behind South Africa’s R1.14 Trillion Gambling Boom MSN
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Lambeth: Loan from state could offer debt relief to Forsyth County schools Winston-Salem Journal
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Verizon and Chicago Bears Partner to Provide $2 Million in Medical Debt Relief for Illinois Veterans The Manila Times
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CHICAGO, IL – Verizon Great Lakes and the Chicago Bears today announced a partnership to provide $2 million in medical debt relief specifically for Illinois veterans, as part of Verizon’s groundbreaking $22 million commitment to eliminate crushing medical debt for veterans across the Great Lakes region through 2026.
This initiative targets the crushing weight of medical debt—a significant burden that disproportionately affects veterans transitioning to civilian life and seeking care. By removing this obstacle, the program aims to provide a pathway to greater financial stability for those who have served the nation.
Since launching in 2024, Verizon’s veteran medical debt relief program has already erased $8.79 million in medical debt for…
Read the original article here
Verizon (NYSE:VZ) and the Chicago Bears have partnered to provide $2 million in medical debt relief for Illinois veterans, as part of Verizon’s larger $22 million commitment to eliminate medical debt for veterans across the Great Lakes region through 2026.
The program has already eliminated $8.79 million in medical debt for over 6,000 veterans throughout the Great Lakes market since 2024, providing an average relief of $1,400 per veteran. The initiative joins Verizon’s existing partnerships with major sports franchises including the Cleveland Browns, Detroit Lions, and Green Bay Packers. Veterans will be contacted directly by ForgiveCo, with no application required.
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