Insolvency Guardian Media Centre
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Timestamp: 2025-08-07T21:59:53.212891250+00:00
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Former NBA forward Marcus Morris is no longer facing fraud and theft charges after settling outstanding debts with two Las Vegas casinos, according to court documents obtained by KLAS 8 News Now.
The charges stemmed from $265,000 in checks Morris wrote in 2024 to the Wynn Las Vegas and MGM Grand casinos as part of a gambling line of credit. The checks bounced due to insufficient funds, triggering a warrant for his arrest. He was taken into custody at a South Florida airport on July 27.
Shortly after his release, Morris addressed the incident in a candid Instagram post—now deleted—stating he never intended to skip out on the debt and was “blindsided” by the arrest. He claimed he was held without bail, food, or water for over 50…
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Congress is weighing a bill that would send Americans hundreds of dollars in the form of tariff rebate checks — similar to the pandemic stimulus checks — in potential efforts to soften the financial blow of the administration’s new tariffs.
The current version of the bill promises “at least” $600 for every adult and dependent child. For example, if you’re a family of four, you’d get $2,400. The amounts would phase out for married couples making over $150,000 a year.
The legislation, dubbed the American Worker Rebate Act, was introduced by Republican Sen. Josh Hawley of Missouri, in late July 2025, and must be approved by both the Senate and House of…
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NBA veteran Marcus Morris has had the fraud and theft charges against him dropped according to court documents obtained by KLAS 8 News Now. The 13-year veteran was arrested at a south Florida airport on July 27 and was charged with fraud for writing a check with insufficient funds to pay a gambling debt to two casinos in Las Vegas.
Morris was later released, and took to social media on July 30 to air his grievances in a since deleted Instagram post. He explained that he did take out a marker…
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New Delhi: The Supreme Court on Thursday commenced hearing afresh a batch of pleas related to its May 2 judgment ordering liquidation of BPSL while setting aside JSW Steel’s resolution plan.
A special bench comprising Chief Justice BR Gavai and Justice Satish Chandra Sharma on July 31 recalled the verdict and decided to hear afresh the pleas in the matter. A bench headed by former top court judge Bela M Trivedi on May 2 ordered liquidation of Bhushan Power & Steel Limited while setting aside a resolution plan of JSW Steel Limited for the ailing firm.
Solicitor General Tushar Mehta, appearing for the committee of creditors, said the former promoters of the BPSL had no locus standi in the case as they were the ones who brought the company…
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Credit card debt has been hitting new highs in 2025, and Americans are feeling the pressure. Credit card balances rose by another $27 billion in the second quarter of this year, pushing the total to a staggering $1.21 trillion, according to the New York Fed’s latest Household Debt and Credit Report, released this week. And, with the average credit card rate hovering near 22%, just below the…
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Claire’s Chief Executive Officer Chris Cramer, appointed last year, is also the retailer’s chief operating officer and chief financial officer, a consolidation of top roles that symbolizes the company’s cash-strapped operation. The mall accessories and ear-piercing chain, once a magnet for the middle-school crowd, has moved from bejeweled to bedraggled — in bankruptcy court for the second time in seven years and looking for…
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Trump Dangles $50,000 Bonuses, Debt Relief in ICE Staffing Push MSN
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New Delhi: Lenders of Bhushan Power & Steel Ltd (BPSL), during a hearing in the Supreme Court on Thursday, sought recovery of interest and Ebitda earned by JSW Steel Ltd during the former’s insolvency period.
The demand was made during the rehearing of challenges to JSW Steel’s ₹19,700 crore resolution plan. The Supreme Court had earlier recalled its 2 May judgment, which had cancelled the plan and ordered the liquidation of BPSL.
The hearing will resume on Friday.
“Interest and Ebitda (earnings before interest, taxes, depreciation, and amortisation) —these two things must come. There should be fairness for creditors because we are banks. We deal with public money,” said solicitor general Tushar Mehta, representing the…
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New Delhi, The Supreme Court on Thursday commenced hearing afresh a batch of pleas related to its May 2 judgment ordering liquidation of BPSL while setting aside JSW Steel’s resolution plan.
A special bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma on July 31 recalled the verdict and decided to hear afresh the pleas in the matter.
A bench headed by former top court judge Bela M Trivedi on May 2 ordered liquidation of Bhushan Power & Steel Limited while setting aside a resolution plan of JSW Steel Limited for the ailing firm.
Solicitor General Tushar Mehta, appearing for the committee of creditors , said the former promoters of the BPSL had no…
Read the original article here
Is Sports Betting Increasing Problem Gambling? New Study Suggests So Casino.org