Insolvency Guardian Media Centre
It’s common for spouses to combine finances — but sometimes, even when you keep your money separate, one partner’s bad habits can impact the other’s financial future.
Such is the case for Sarah from Montreal, Quebec, who called into The Ramsey Show two weeks after learning that her husband has a gambling addiction.
Despite having been together for 11 years, Sarah only recently discovered that her husband has racked up $1.1 million in debt over the past decade. Now, she’s taken over his finances and wants to help him tackle his debts.
“He had like maybe $1,000 left in…
Read the original article here
Housing stress has ranked among the biggest problems for Australians calling the National Debt Helpline, as demand for support continues to rise.
Demand for support via the National Debt Helpline has reached a six-year high, with more than 168,000 people reaching out for support during the 2024–25 financial year, making it the free service’s biggest year since 2018–19.
Housing stress, including issues with mortgages, rent, and rates, was among the most common problems for callers to the helpline during the year.
You’re out of free articles for this month
Read the original article here
Read the original article here
BHOPAL: A 35-year-old peon with the Sports and Youth Welfare Department allegedly committed suicide by inhaling LPG gas at his rented home in Harda on Saturday night. Police suspect he was under heavy debt linked to online gaming.The deceased, Laxminarayan Kewat, was found around 9.30 pm with a domestic cylinder placed beside him, its regulator open and the rubber pipe in his mouth. Police said the body had stiffened from the strong effect of the gas. No suicide note was recovered.Originally from Bhopal, Kewat had been posted in Harda for the past three years after a transfer from Sehore in 2021. He lived with his wife and five-year-old daughter, though they were away at his wife’s parental home when the incident occurred.His elder…
Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 8.4% to a total of 2,043 in June compared to May 2025’s total of 2,230, and decreased by 15.9% compared to June 2024’s figure of 2,430.
The business insolvencies consisted of 332 compulsory liquidations, 1,585 creditors’ voluntary liquidations (CVLs), 111 administrations and 15 company voluntary arrangements (CVAs). There were no receivership appointments.
CVLs accounted for 78% of all company insolvencies. The number of CVLs decreased by 8% from May 2025 and was 18% lower compared to the same month last year (June 2024). In the first six months of 2025, CVLs have been at…
Read the original article here
FTS Recovery has promoted corporate insolvency specialist Rachel Ennis to associate director, where she will head up a new centralised team of insolvency and recovery advisers across the Midlands.
Rachel has worked for FTS Recovery and its affiliated company FA Simms & Partners for five years, most recently as recovery manager, overseeing corporate insolvency cases including liquidations, company voluntary arrangements (CVAs) and administrations. A JIEB-licensed insolvency practitioner, she brings nine years’ experience in the sector.
Her appointment marks a rapid career progression since joining as an…
Read the original article here
‘I feel terrible’: Failed company owes $30m – including millions to shareholder’s family Stuff
Read the original article here
International legal practice Osborne Clarke has advised on the compulsory liquidation of a major national supplier of healthcare equipment.
Special managers, from PwC, have also been appointed to enable the company to continue to trade, notwithstanding the liquidation.
NRS Healthcare is the largest supplier of equipment such as wheelchairs, hoists, specialist beds and pendants that monitor patient falls, to around 40 English local authorities which support patients discharged from hospitals, and also those in need of medical and social care support at home.
Based in Leicestershire, NRS Healthcare employed around 1,400 people.
Osborne Clarke assisted NRS in negotiations with key suppliers and once these had been exhausted, it advised on…
Read the original article here
To use this website, cookies must be enabled in your browser. 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. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
Read the original article here
Read the original article here
Australia’s most acid-tongued food critic gloats after restaurant that blacklisted him collapses MSN
Read the original article here
Charges of fraud and theft against longtime NBA player Marcus Morris were dismissed Wednesday after he paid off his debts to two Las Vegas casinos, according to Caroline Bleakley of television station KLAS.
To obtain a line of credit for gambling purposes, Morris wrote checks totaling $265K to the casinos in 2024. He was arrested last month at a South Florida airport because he didn’t have sufficient funds in his bank account to cover the checks.
Court documents state that Morris obtained $115K from MGM Grand Hotel and Casino through bad checks in May 2024 and failed to reimburse the casino after the checks bounced. The following month, he took $150K in a similar fashion from the Wynn Las Vegas Hotel and Casino. There were two…