Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
American Families Are Trapped In a Cycle Of Debt, More Rely on Credit To Cover Rent, Utility Bills, Basic Necessities  Groundwork
A legislative working group created to explore student debt relief in Connecticut took an unexpected turn last week when one
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A HUSBAND gambled away a staggering $1 million over the space of nine to ten years, which left him and
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Trustee, nonprofit help residents pay off over $7M in debt  WREG.com Read the original article here
Business Brief | Super Group sees super fleeting dividend; M&R wind-up continues  News24 Read the original article here
Scores of banks and MFIs have come forward to provide debt relief for families of fallen soldiers, finds a study
‘Many will follow’: Dire warning as Christchurch company folds  The Press Read the original article here
Engineering firm goes under, director battling separate bankruptcy bid  The Press Read the original article here
Smiths City liquidation sales across the South over the weekend left shelves stripped of their stock in just one day,
Alleged ‘architect’ of Fortress’s demise allowed to help revive the company  The Times Read the original article here

American Families Are Trapped In a Cycle Of Debt, More Rely on Credit To Cover Rent, Utility Bills, Basic Necessities  Groundwork Collaborative

Read the original article here

A legislative working group created to explore student debt relief in Connecticut took an unexpected turn last week when one of its co-chairs, Rep. Eleni Kavros DeGraw (D-Avon), suggested that residents without college degrees are a drag on society. 

The Meeting 

The Relief for Connecticut Borrowers Working Group, co-chaired by Kavros DeGraw and Rep. Corey Paris (D-Stamford), convened August 29 to bring together lawmakers, higher-education officials, and advocates. Its stated purpose:  to develop policy recommendations to help student loan borrowers. 

But midway through the meeting, Rep. Kavros DeGraw shifted from policy discussion to a forceful defense of higher education as the only reliable path to success. 

“The most…

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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:


1. Open the settings menu by clicking the hamburger menu in the top right

2….

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A HUSBAND gambled away a staggering $1 million over the space of nine to ten years, which left him and his wife desperate for a solution.

Debra, 69, from Sacramento, California, called into The Ramsey Show for help, but the host was left scratching his head as he asked how Debra went so long without doing something.

2

The husband said he could cut his gambling bill down to $700 to $800 a monthCredit: Getty

It turned out that Debra’s husband, 79, was heavily involved in sports betting.

The caller noticed that her husband was moving a lot of money around in the lead-up to her realization.

When confronted, he promised to get the gambling under control and that he could stop whenever he wanted to.

But Debra knew the problem wasn’t going away…

Read the original article here

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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….

Read the original article here

Trustee, nonprofit help residents pay off over $7M in debt  WREG.com

Read the original article here

Business Brief | Super Group sees super fleeting dividend; M&R wind-up continues  News24

Read the original article here

Scores of banks and MFIs have come forward to provide debt relief for families of fallen soldiers, finds a study conducted by Khmer Times  Khmer Times

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‘Many will follow’: Dire warning as Christchurch company folds  The Press

Read the original article here

Engineering firm goes under, director battling separate bankruptcy bid  The Press

Read the original article here

Smiths City liquidation sales across the South over the weekend left shelves stripped of their stock in just one day, as staff are left in the dark about what comes next.

The future of Smiths City remains up in the air with more advice likely by the end of the week.

The 107-year-old retailer went into voluntary administration on Tuesday last week and on Friday announced a nationwide liquidation sale over the weekend.

Seven of the eight stores — Auckland, Christchurch, Greymouth, Oamaru, Alexandra, Gore and Invercargill — reopened to sell remaining stock.

The exception was the Dunedin store, which remained closed.

The Wānaka store closed last month.

In Gore, hoards of bargain-hunters left the shelves empty on Saturday, with…

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Alleged ‘architect’ of Fortress’s demise allowed to help revive the company  The Times

Read the original article here