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:

• Garrard County Distilling Co. in Lancaster, Kentucky, once hailed for blending traditional craft techniques with modern production.

• Luca Mariano Distillery in Danville, Kentucky, which had positioned itself as a rising star in the premium bourbon segment.

• Westward Whiskey in…

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,…

A COMMUNITY support group is taking place in Colchester to help people with debts and money problems.

Colchester Community Debt Support offers free drop-in sessions and practical steps every Monday at Greenstead Community Centre from 9.30am to 1pm.

The group also has Friday sessions, apart from the first one in the month, at St Margarets Church Hall in Monkwick from 11am to 1pm.

No appointment is needed.

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TEMPO.CO, Jakarta – Indonesia’s Financial Services Authority (OJK) has revoked the business permits of three banks in Indonesia, consisting of rural credit banks (BPR) and sharia rural credit banks (BPRS), as of August 2025.

The banks were declared bankrupt after failing to implement recovery measures recommended by OJK.

Most of the bankrupt institutions were BPRs, with the only exception being PT Bank IFI. Below are details of the three banks whose licenses were revoked this year.

BPRS Gebu Prima

According to the OJK’s official website, the regulator revoked the license of PT Bank Perekonomian Rakyat Syariah Gebu Prima (BPRS Gebu Prima) in Medan, North Sumatra, through Decision Number KEP-23/D.03/2025 dated April 17, 2025.

The bank…

In a landmark judgment with far-reaching implications for India’s real estate sector, the Supreme Court has firmly distinguished between genuine homebuyers and “speculative investors,” ruling that the Insolvency and Bankruptcy Code (IBC) cannot be misused as a recovery tool by those seeking lucrative returns without any intention of owning a home.

A bench of Justices JB Pardiwala and R Mahadevan, while disposing of a batch of four appeals, upheld the decisions of the National Company Law Appellate Tribunal (NCLAT) that had set aside the initiation of Corporate Insolvency Resolution Process (CIRP) against two builders based on petitions filed by two allottees, Mansi Brar Fernandes and Sunita Agarwal.

Core of the…

When Ms Myra Donohue’s father, who is a financial planner, offered to help her with her finances, she politely declined.

With a background in accounting, she did not want anyone else’s help managing her US$5,000 (S$6,411) of credit card debt, not to mention car payments and other bills. But once Ms Donohue, 28, sat down with her finances, she realised how overwhelming the process would be, especially with two young sons and her partner recently laid off from his electrician job.

She found a way to approach it in July in a Facebook post about how to tackle your finances in seven steps. Step 1 was simple: List your income and fixed expenses and create a zero-based budget, a method that assigns a specific job to every dollar earned….

A victim of convicted paedophile Maurice Van Ryn says a legal loophole that prevents victims from receiving compensation from their abusers if they declare bankruptcy needs to be closed.

Edan van Haren was 14 when repeated sexual abuse began in 2010 at the home of Van Ryn, the former Bega Cheese boss, on the far south coast of New South Wales.

“It’s like the age-old saying that if someone in a van gives you candy, don’t go inside,” Mr van Haren said.

“It’s just that his candy was in the form of portraying himself as nice, kind and helpful, but it was all just to fulfil his own urges.

• A cruise passenger in the Caribbean threw himself off a cruise ship to try and escape gambling debts of $24,000 in the cruise ship casino.
• There are several similar cases in Australia, some of which ended tragically.
• Is it time that cruise ship casinos operating out of Australia should face stricter regulations?

A passenger on a Caribbean cruise has jumped over the side of Rhapsody of the Seas after accumulating USD$16,000 (approx AUD$24000) in gambling debt. 

Authorities reported that the passenger was attempting to avoid paying the massive gambling debts that he had accrued. 

However, Jey Gonzalez-Diaz, the man in the question, was swiftly rescued by two people nearby on jet skis, who pulled him onto their…

The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt amount beyond Rs, 1 Crore as evident from the Form-C and Form-D of the NeSL certificate, from the loan account statement of the respondent maintained by the Financial Creditor and from the acknowledgement of debt instrument executed by the respondent.

The present application was filed on 10.04.2024 by Canara Bank (‘Petitioner/ Financial Creditor’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiation of Corporate Insolvency Resolution process…