Insolvency Guardian Media Centre
U.S. Social Security Administration Commissioner Frank Bisignano pushes back at Sen. Elizabeth Warren’s transparency allegations and discusses the threat of insolvency on ‘Mornings with Maria.’
With hopes of avoiding Social Security insolvency, the Trump administration is reportedly evaluating all available options, including raising the retirement age.
“I think everything’s being considered, will be considered,” U.S. Social Security Administration Commissioner Frank Bisignano said on “Mornings with Maria” Thursday.
“Remember, most people told you and I Social Security wasn’t going to be around,” he continued. “And so the generations that are coming in will probably have a different set of rules than we had.”
Social Security’s two…
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Restaurateur’s surviving company in ‘do or die’ situation The Press
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Just in Time for Holiday Season Industry-Leading Liquidation Company with Perfect 5-Star Rating and Millions of Products Sold Announces Comprehensive Toy Pallet Initiative for Resellers Nationwide
AUGUSTA, GA – September 18, 2025 – TBS Liquidation, a premier division of Bin Store Brands and one of the Southeast’s most trusted liquidation specialists, today announced the launch of its expanded toy liquidation pallet program designed to meet the unprecedented demand for wholesale toy inventory ahead of the 2025 holiday season.
With an impeccable track record of selling over 4 million products annually across its retail locations and maintaining a perfect 5-star customer rating across all platforms, TBS…
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Lauded WA distillery collapses amid plans for $30m expansion The West Australian
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Kancera AB (publ) (“Kancera”) today announces that the board has decided to initiate a process to seek potential stakeholders for a reverse take over of the company with the aim to materialize the value of its public listing. Kancera assesses that the company’s listing at the Nasdaq First North Growth Market in Stockholm together with its cash may be of a significant value. The decision was made after a review of the company’s strategic options showing significant difficulties in driving the business forward in the context of the continued challenging conditions in the capital markets.
The strategic review
Kancera’s business model has been based on developing candidate drugs that can be commercialized through partnerships with…
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Disabled student-loan borrowers are eligible for debt relief. They’re not getting it. MarketWatch
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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…