Insolvency Guardian Media Centre
Making a film can come with its unique challenges; a lot can go wrong, and in the case of Francis Ford Coppola’s 1979 film Apocalypse Now, everything went horribly wrong.
Photojournalist Chas Gerretsen, who was invited to the sets of the movie to document and compare the set and the story to some of the real-life wars he had witnessed during his time, told the BBC during an interview, “Vietnam was insane; Apocalypse Now was only slightly less so.” If you read about the film’s shooting, or if you happen to watch the documentary, Hearts of Darkness: A Filmmaker’s Apocalypse, you’ll understand that the fact that the movie ever got completed in the first place is a miracle in itself. The name of the documentary is obviously…
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Yes.
Casinos will issue “markers,” which serve as a loan from the casino, with a specific date to pay back the money borrowed.
Unpaid markers under $1,200 are a misdemeanor, however, unpaid markers over $1200 is a felony, punishable by 1 to 4 years in a Nevada prison.
Not paying casino markers are treated the same as issuing a check without sufficient money or credit.
Casinos will send demand letters, requiring the payment to be made before pressing charges.
In addition, three misdemeanors for unpaid gambling debts, even in other states, could constitute a felony.
This fact brief is responsive to conversations such as this one.
The Nevada Independent partners with Gigafact to produce fact briefs —…
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Corporate and personal insolvencies across England and Wales rose slightly in July – reflecting a cautious month for businesses and households as they navigate uncertain economic conditions.
New figures from the Insolvency Service reveal how the number of corporate cases increased by 1.4% to 2,081, compared to June’s total of 2,053, and by just 0.1% against July 2024’s figure, which came to 2,078.
Bethan Evans, South West Chair of R3, the UK’s restructuring, turnaround and insolvency trade body, said: “Corporate insolvencies across England and Wales remained broadly stable last month, with the trends showing a rise in Compulsory Liquidations and a slight uptick in Administrations, while Creditors’ Voluntary Liquidations and Company…
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China Evergrande, a company that was once one of the fastest-growing real estate developers in the country, is set to be removed from the Hong Kong Stock Exchange. The company made its public debut in Hong Kong 16 years ago and quickly became a symbol of China’s booming property market.
At its peak, Evergrande seemed unstoppable, building projects in hundreds of cities across China. Investors were eager to buy shares, and the company’s rapid growth made headlines around the world. However, this success was built on a dangerous level of borrowing. By the time the company collapsed in 2021, it had amassed over $300 billion in debt, making it one of the most indebted companies in history.
Evergrande’s collapse tested China’s…
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Nearly 200 applicants have likely staked claims worth about Rs 500 crore for the assets of BluSmart Electric Mobility as part of the ride-hailing firm’s insolvency proceedings, multiple sources aware of the matter told NDTV Profit.
Among those who have claimed their share from the company, Catalyst Trusteeship is said to be leading the charge with claims worth up to Rs 250 crore, one of the above mentioned people said on the condition of anonymity.
Catalyst was the entity whose plea against the EV ride hailing company was admitted by the National Company Law Tribunal of Ahmedabad in late July over a default of around Rs 1.28 crore. The Interim Resolution Professional appointed by the NCLT for BluSmart Mobility was NPV Insolvency…
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Fernwood Financial Limited, a major UK payday loan firm, has collapsed into liquidation, wiping out debts for thousands of customers overnight. The Financial Conduct Authority (FCA) confirmed the firm’s insolvency on 27 June 2025, sparking relief for borrowers but raising concerns about the stability of the short-term lending sector.
As the cost of living crisis continues to grip the UK, this development highlights the risks of high-cost loans and the need for consumer vigilance.
Fernwood Financial’s Collapse
Fernwood Financial Limited, based in the North West, entered liquidation on 27 June 2025, as announced by the FCA. The firm, which offered high-cost short-term credit, ceased trading after failing to meet financial obligations,…
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In a recent order, the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has recorded that one of its members was approached by a senior figure from the higher judiciary seeking a favourable order in an insolvency case.
The matter came up on August 13, 2025, before a two-member bench of the NCLAT consisting of Justice Sharad Kumar Sharma, who serves as a Judicial Member, and Jatindranath Swain, the Technical Member.
The case involved an appeal filed by Attluru Sreenivasulu Reddy, the suspended director of KLSR Infratech Limited, against an order that admitted the Hyderabad-based company into the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
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An announcement from Epsilon Healthcare Limited ( (AU:EPN) ) is now available.
Epsilon Healthcare Limited has successfully effectuated its Deed of Company Arrangement (DOCA) as of June 26, 2025, marking the company’s official exit from voluntary administration. This significant milestone follows the completion of obligations under the DOCAs for its subsidiaries, Epsilon Clinics Pty Ltd and Epsilon Pharma Pty Ltd, earlier in the year. The company is now focused on rebuilding shareholder value and pursuing strategic and operational objectives,…
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The judicial member of National Company Law Appellate Tribunal, Chennai Bench, Justice Sharad Kumar Sharma, recused from hearing an insolvency matter, after observing that he was approached by “one of the most revered members of the higher judiciary” seeking an order favouring a particular party.
The August 13 order passed by a bench of judicial member Justice Sharad Kumar Sharma and technical member Jatindranath Swain states:
“We are anguished to observe, that one of us, Member (Judicial), has been approached by one of the most revered members of the higher judiciary of this country for seeking an order in favour of a particular party. Hence, I recuse to hear the matter. Place before the Hon’ble chairperson for nomination of an…
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The number of shops that went bankrupt rose sharply between April and July, according to second-quarter retail figures from statistics agency CBS.
In total, 89 shops had to close their doors, compared with 66 in the same period last year. The number of bankruptcies in the economy as a whole fell by 7%, the figures showed.
The cause for the rise is not completely clear but competition from online shops appears to have played a role, CBS economist Marjolijn Jaarsma said. “The bankruptcies are occurring across the high street, and in different segments. Clothes outlets, for instance, have been struggling for a while,” she told the AD.
Established names, such…
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Victoria, NSW tap ‘fast money’ hedge funds for debt capital AFR
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Cosmicnode, a Dutch specialist in wireless control solutions for LED lighting and other applications, has gone bankrupt. The company, based at the High Tech Campus in Eindhoven, the Netherlands, had been operating under the radar for years. Just this spring, when it began to present itself more visibly to the market, it filed for bankruptcy.
Curator Reinoud van Oeijen of Holla Legal & Tax in Eindhoven confirmed the news last week. He explained that Cosmicnode itself had filed for bankruptcy and that a potential restart is now being considered. At the time of filing, the company employed only three people, namely its founders.
Although the curator is still studying the details of the case, he already noted that the…