Insolvency Guardian Media Centre
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
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House Bill No. 421, which seeks to establish a Strategic Bitcoin Reserve for the Philippines, could provide the country with a long-term tool to address its growing national debt, according to its author, Congressman Miguel Luis Villafuerte.
Bitcoin Could Help Manage PH Debt
In a response to BitPinas, Villafuerte cited the latest Bureau of the Treasury (BTr) data,…
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The revamped Khon La Khrueng (“Half-Half”) co-payment programme is expected to be the centrepiece of the stimulus. The new version will allocate a larger budget and cover both taxpayers and non-taxpayers. Around 11 million registered taxpayers would receive 60% support from the state for purchases, contributing 40% themselves, while non-taxpayers would continue under the original 50:50 arrangement.
Proposals to raise the daily spending limit from 150 to 200 baht are still under review.
Previously, the Finance Ministry’s third phase of the co-payment scheme was the largest, involving 31 million participants, each receiving up to 3,000 baht in state subsidies, with a total budget of 93 billion baht for September–December. The…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
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In the mountainous, landlocked Benguet province of the Philippines, 22-year-old college student Carl Genesis Contero died by suicide in August after losing hundreds of dollars, including his school tuition, to online gambling. Contero, who was studying to be a police officer, left behind a five-page note apologizing to his family and pleading for the government to ban online betting, his mother says. Hundreds of miles away in the southern province of Bukidnon, 26-year-old gasoline station worker Brayan Concha took his life earlier in the summer after running up his own debt. “I thought he was just betting small amounts through his e-wallet,” says his cousin Antonio. In fact, he’d run up 42,000 pesos ($735) in debt—more than four…
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Dana White gambling secrets revealed as UFC CEO faces massive $50 million debt at Red Rock Casino MSN
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The National Company Law Tribunal (NCLT), Cuttack Bench, has admitted liquor manufacturer Fortune Spirit Limited into the Corporate Insolvency Resolution Process (CIRP) on a petition filed by IDBI Bank to recover dues of over ₹18.5 crore.
The bench of Member Technical Banwari Lal Meena and Member Judicial Deep Chandra Joshi appointed Mr. Sambhulal Agarwal as the Interim Resolution Professional (IRP) to manage the company’s affairs and oversee the resolution process. A moratorium has been declared with immediate effect, prohibiting any legal action, transfer of assets, or recovery proceedings against the corporate debtor.
The Dispute and the Debt
IDBI Bank had sanctioned a working capital limit of ₹15 crore to…
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NTC Global Trade was placed in provisional liquidation last week by Judge Sulet Potterill of the Pretoria High Court, just days after Kurt Knoop resigned as business rescue practitioner (BRP) of the firm, citing death threats.
The court ruling also came shortly after Knoop’s colleague and attorney, Bouwer van Niekerk, was gunned down by assassins in the boardroom of his SmitSew law office in Saxonwold, Johannesburg. Four suspects are currently being sought by the police after they fled the scene in a GWM vehicle.
Knoop resigned as BRP of NTC just hours after his colleague was shot dead.
Read: Hit on liquidation attorney Bouwer van Niekerk sparks fear and outrage
The case, heard in camera (in private) and Read the original article here
A gold trading business owned by a controversial local government figure has been put into insolvency, and liquidators are warning it doesn’t have enough gold and silver bullion to cover debts.
Liquidators were appointed to Guardians of Gold Limited in late August by its director and owner Andrew Hollis, due to concerns about its ongoing viability and its ability to pay bills.
Receivers joined the party in early September, appointed by an Auckland finance company that had lent Guardians of Gold money in late 2024.
Hollis is a former Tauranga city councillor, who served in the dysfunctional council that was sacked and replaced by a commissioner by Labour’s local government minister Nanaia Mahuta in 2021.
He was a…
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The bourbon industry, long considered one of America’s most resilient markets, is facing a sobering reality: bankruptcies are sweeping through distilleries as demand falters and international trade challenges mount.
In just the past few months, three prominent bourbon makers have filed for bankruptcy protection, while others in the spirits industry have shuttered their doors entirely.
Distilleries in Crisis
Among the most notable bankruptcies:
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Garrard County Distilling Co. in Lancaster, Kentucky, once hailed for blending traditional craft techniques with modern production.
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Luca Mariano Distillery in Danville, Kentucky, which had positioned itself as a rising star in the premium bourbon segment.
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Westward Whiskey in…
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The Victorian Government is supporting businesses in Porepunkah and the surrounding region following the events on 26 August 2025.
Up to $2.5 million will be delivered to support the visitor economy in Porepunkah, Bright and surrounding region including:
- $5,000 grants for eligible businesses that have experienced significant disruptions and revenue losses following the incident
- financial support for the Alpine Shire Council and the local business chamber to support community activities and events
- tourism marketing and promotional activities to boost visitor numbers to the Alpine and High Country region
- funding for the Ride High Country Marketing Phase 2 project – to support longer term tourism in the region, increase overnight visitation,…