Insolvency Guardian Media Centre
Retrack companies apply for insolvency International Railway Journal
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David Beckham-backed Guild Esports put up for sale on insolvency marketplace MSN
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The Mohegan Tribal Gaming Authority announced today that former Hollywood studio mogul Ronald M. Meyer cannot demand a jury trial in connection with a $2.8 million gaming debt lawsuit. The ruling stems from tribal law, which does not permit civil jury trials, as well as the nature of Meyer’s defenses, which do not qualify for jury consideration under Connecticut state law.
The authority filed an objection Tuesday in New London Superior Court, emphasizing that Meyer’s installment payment agreement is governed by Mohegan tribal law. As part of the agreement, the former NBCUniversal vice chairman consented to a choice-of-law provision.
“The laws of the Mohegan Tribe do not provide for jury trials of any…
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LAGOS, Aug 14 (Reuters) – Nigeria has approved a phased plan to refinance 4 trillion naira ($2.61 billion) in electricity sector debt to help stabilise the nation’s ailing power industry and improve supply, its finance minister said.
The debt, primarily owed to 27 power generation companies for outstanding invoices between 2015 and 2023, has stifled investment in the industry and exacerbated chronic power outages in Africa’s most populous nation.
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Leicester financial planning firm enters voluntary liquidation TheBusinessDesk.com
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National Debt Relief survey shows parents at a financial breaking point as debt and costs surge
NEW YORK, Aug. 14, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, today released findings from a new survey conducted in partnership with Talker Research, examining the financial pressures faced by 2,000 U.S. parents of children ages 0–18. The results show rising living costs are forcing parents into debt in an attempt to cover essentials for their children, like medical care and school supplies. Many parents are also making tough tradeoffs, neglecting their own well-being and putting off long-term goals like saving for their child’s…
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Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding Rs 1,000 crore each.
The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these assignments, the IBBI said in a discussion paper on Tuesday.
The move comes amid concerns that a small group of IPs is handling a disproportionately…
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Why Amend the IBC 2016?
As per the Insolvency and Bankruptcy Board of India’s (IBBI) latest quarterly update on corporate insolvency cases (CIRPs), by the end of June 2025, a total of 8,492 companies had entered the CIRP process. Of these, 1,258 companies were successfully revived through resolution plans, 1,314 cases were closed after appeals, reviews, or settlements, and 1,191 were withdrawn before completion. However, 2,824 companies had to be sent for liquidation.
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Celebs Go Dating‘s Kerry Katona revealed that having an OnlyFans account has affected her dating life. She’s been selling explicit photos for £19.99 per month for several years, and has the video creation website to thank for getting her out of bankruptcy.
She went through financial hardship and resorted to taking steamy pics to make money, which has been so successful that she’s been able to buy an incredible home and a Lamborghini, as well as send her children to private school, including her 18-year-old daughter.
Kerry revealed that she “went into bankruptcy and lost all her money” during her second marriage to her mum’s drug dealer, which happened just after she went to rehab. Years since then, Kerry…
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Most of the UK public back student loan forgiveness, grants or bursaries for young people training to work in the NHS, according to new polling.
A YouGov survey, commissioned by the University Alliance, found that 85% of respondents backed financial support for students training to enter professions such as nursing.
Support spanned the political spectrum, with 93% of Labour voters and 80% of Reform voters in favour.
The findings come amid renewed calls from the Royal College of Nursing (RCN) for a loan forgiveness scheme in England, under which student nurses’ debt would be gradually cleared in return for years of service in the NHS and other publicly funded healthcare settings.
A policy…
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Cyclacel Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company focused on developing innovative cancer medicines, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company’s financial performance and key business activities for the six months ended June 30, 2025.
Financial Highlights
- Revenues: $0, The company reported no revenue for the six months ended June 30, 2025, compared to $33,000 for the same period in 2024.
- Operating Loss: $(6.4) million, The operating loss decreased from $(8.0) million in the six months ended June 30, 2024, to $(6.4) million in the same period in 2025, reflecting cost management efforts.
- Net Loss: $(1.4) million, The net loss for the…