The soaring cost of living and financial pressures on families have forced six in 10 parents into debt to provide for their children.

That’s according to a survey of 2,000 parents of children aged 0–18, which examined the economic challenges and mounting debt families across America are facing.

Sixty-three percent of parents in debt admitted their financial situation is preventing them from providing for their children the way they’d like, significantly more than the 48% of parents without debt who feel the same way.

For parents in debt (77% of those surveyed), half (48%) said their debt is becoming “unmanageable.”

According to the survey from National Debt Relief — conducted by Talker Research…

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…

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.

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…

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…

You don’t have permission to access “http://www.business-standard.com/industry/news/nclat-allows-insolvency-proceedings-against-supertech-realtors-125081401678_1.html” on this server.

Reference #18.7c052017.1755176191.405e5e6

https://errors.edgesuite.net/18.7c052017.1755176191.405e5e6

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.

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…