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.
What to do if you're subject to wage garnishment for student loan debt  Miami Herald Read the original article here
What to do if you're subject to wage garnishment for student loan debt  Raleigh News & Observer Read the original article
The company **Centro de Ensayos de Alta Tecnología SA (Ceatsa)**, a partnership formed by **Invap** and **Arsat and responsible for
What to do if you're subject to wage garnishment for student loan debtIn 2020, the federal government paused collections efforts
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[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to
More workers look to employers for financial advice: survey  Quartz Read the original article here
Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent  Automotive News Read the original article here
Association for Consumer Debt Relief Welcomes Michael Lukso as Head of Government Affairs  Business Wire Read the original article here
Voltes B.V., a Dutch company specializing in e-bikes, fatbikes, electric scooters, and hoverboards, was declared bankrupt last week by the
Treasury optimistic R2bn smart-meter scheme can help arrest Eskom arrear debt crisis  Engineering News Read the original article here
Image Source: 123rf.com Debt can feel like quicksand—every move seems to sink you deeper, and the more you struggle, the

What to do if you’re subject to wage garnishment for student loan debt  Miami Herald

Read the original article here

What to do if you’re subject to wage garnishment for student loan debt  Raleigh News & Observer

Read the original article here

The company **Centro de Ensayos de Alta Tecnología SA (Ceatsa)**, a partnership formed by **Invap** and **Arsat and responsible for satellite testing in Argentina**, announced its **liquidation phase** and the **cessation of activities**, as reported on its official website.

Although no further details were provided, the closure marks a critical point in the national infrastructure for **development and validation of space technology**.

## An strategic investment for satellite sovereignty
Ceatsa was born as a response to the need to carry out satellite tests in Argentine territory.

With an investment of **USD 40 million**, Ceatsa was conceived as a **key facility** to conduct **environmental and electromechanical tests** on satellites…

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What to do if you’re subject to wage garnishment for student loan debt

In 2020, the federal government paused collections efforts on defaulted federal student loans, part of pandemic relief efforts. While Congress said payments would start again in 2023, the pause remained in effect. This pause has now ended.

The Trump Administration announced on April 21, 2025, that the Department of Education would start trying to collect on unpaid debt on May 5. Unfortunately for the approximately 5 million borrowers currently in default, the government has many powers to collect money that private debt collectors don’t.

Wage garnishment is one of those powers. Your loan servicer can order your employer to withhold up to 15% of your pay after mandatory…

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Benson Hill ( (BHILQ) ) has provided an announcement.

On March 20, 2025, Benson Hill, Inc. and its subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. Following the sale of most of their assets to Confluence Genetics, LLC, the company has decided to convert their Chapter 11 cases to Chapter 7, seeking liquidation of remaining assets for creditor distribution. The conversion motion was filed on September 2, 2025, with a hearing scheduled for September 23, 2025. If approved, the company…

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[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations. 

Instead, liquidating the struggling cinema chain may improve the group’s overall cash flow and profitability, given that Cathay has been cash-flow negative and loss-making since the pandemic, said mm2. 

This was in response to queries raised by the Singapore Exchange regarding the creditors’ voluntary liquidation of Cathay, which was announced earlier this week. Shortly after, the cinema chain – which owes money to the landlords of several of its outlets – ceased operations. 

In a bourse filing on Wednesday night, mm2 explained that…

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More workers look to employers for financial advice: survey  Quartz

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Quebec wants court to declare branch of Swedish battery developer Northvolt insolvent  Automotive News

Read the original article here

Association for Consumer Debt Relief Welcomes Michael Lukso as Head of Government Affairs  Business Wire

Read the original article here

Voltes B.V., a Dutch company specializing in e-bikes, fatbikes, electric scooters, and hoverboards, was declared bankrupt last week by the court in Noord-Holland, according to Bright.nl.

Founded in 2017, Voltes quickly gained recognition in the electric mobility market. Initial growth extended beyond the Netherlands, but increasing competition and shrinking profit margins eventually strained the company.

“On August 26, 2025, Voltes B.V. in Alkmaar (Netherlands) was declared bankrupt by the court in Noord-Holland,” the company announced on its website.

The owners filed for bankruptcy themselves, according to Axel de Groot of Tanger Advocaten in Alkmaar. At the time, the company employed seven staff members, all of whom have now been…

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Treasury optimistic R2bn smart-meter scheme can help arrest Eskom arrear debt crisis  Engineering News

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Image Source: 123rf.com

Debt can feel like quicksand—every move seems to sink you deeper, and the more you struggle, the harder it gets to climb out. That’s why so many people cling to anything that promises relief, even if it looks too good to be true.

Unfortunately, scam artists know this, and they’ve gotten crafty at dressing their traps in professional suits and polished websites. They use friendly words like “relief,” “forgiveness,” and “consolidation” to reel people in, only to leave them broke and frustrated. The scams are subtle, sneaky, and often hide in plain sight, which makes spotting them all the more important.

1. The “Guaranteed Approval” Trap

If a company promises guaranteed approval for…

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