Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
August 7, 2025 Watch the video here at https://www.youtube.com/watch?v=rIWTWYTXvak Builds on Adams Administration's Program to Help Wipe Out Estimated $360
Builds on Adams Administration’s Program to Help Wipe Out Estimated $360 Million in Student Loan Debt for 100,000 Public Servants
Builds on Mayor Adams’ Efforts to Make New York CityMore Affordable, Best Place to Raise a Family
NEW YORK – New York City Mayor Eric Adams, New York City Department of Consumer and Worker Protection (DCWP) Commissioner Vilda Vera Mayuga, and New York City Department of Citywide Administrative Services (DCAS) Commissioner Louis Molina today announced a first-of-its-kind municipal student loan reduction and college savings assistance program now available to all New…
The beauty of the majestic Piton mountains, vibrant culture, dazzling beaches and the lush landscape of Saint Lucia are invaluable assets. The country also takes pride in having two Nobel laureates, which is remarkable for a nation with a population of over 180,000.
However, as is true for many other small island developing states (SIDS) in the Caribbean, the picture of economic stability is not as rosy.
In 2020, the country’s public debt-to-GDP ratio was over 90%, due in part to the deleterious effects of the coronavirus pandemic, and by 2024, this ratio was reduced to 74.5%. This dramatic reduction has freed up funds which can now be invested in projects that spur growth and enrich the lives of Saint…
COLUMBUS – Verizon is bringing the power of cutting-edge technology to Columbus soccer fans through a new partnership with the Columbus Crew, while simultaneously launching a major community impact initiative to eliminate veteran debt across Central Ohio.
The partnership will deliver enhanced 5G Ultra Wideband coverage and exclusive fan experiences at Crew matches, ensuring supporters can seamlessly connect and share the moments that make each game unforgettable. As part of this collaboration, Verizon is committing $2 million in veteran debt relief in Central Ohio over the next two years. For the remainder of this season, an initial $500,000 donation,…
Sir Lewis Hamilton and Leonardo DiCaprio-backed synthetic meat restaurant group Neat Burger entered liquidation last month, Companies House documents show.
Hamilton once said the company was set up to ‘make plant-based eating more accessible to everyone whether you eat plant-based all the time or just want to add it to your diet every now and again’.
A funeral fund that cost Aboriginal clients thousands of dollars in premiums when it collapsed has been hit with a $3.5 million fine, but will not have to pay it due to being in liquidation.
The Aboriginal Community Benefit Fund (ACBF), run by Youpla Group Pty Ltd, marketed itself as an Indigenous business and sold funeral premiums to customers across the country for 30 years.
The Australian Securities and Investments Commission (ASIC) took action against ACBF and Youpla, and a Federal Court penalty of $3.5 million was handed to the company on Thursday.
In its May 2 judgment, a Bench of Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving JSW Steel’s resolution plan for BPSL. The Court declared the plan illegal and ordered BPSL’s liquidation using its inherent powers under Article 142 of the Constitution of India.
JSW Steel, which had been selected as the successful resolution applicant in 2019, had offered over ₹19,000 crore to creditors. The plan was approved by the National Company Law Tribunal (NCLT) in September 2019 and upheld by the National Company Law Appellate Tribunal (NCLAT), even as the Enforcement Directorate (ED) challenged the plan on grounds of alleged money laundering by BPSL’s former promoters.
U.S. Social Security Administration Commissioner Frank Bisignano explains why Social Security funds may run out sooner than anticipated on Mornings with Maria.
The top actuary for Social Security’s trust funds on Tuesday confirmed that the insolvency date of those funds has moved up due to the recently-enacted tax and spending package, leaving policymakers with a little less time to stabilize the program’s finances.
The Office of the Chief Actuary for Social Security sent a letter in response to an inquiry by Senate Finance Committee Ranking Member Ron Wyden, D-Ore., about the effect of the One Big Beautiful Bill Act (OBBBA) on the safety net program’s trust funds.
Chief Actuary Karen Glenn explained in the letter that the…
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Over the 12 months ending June 30, consumer filings were up 4.9% compared to the prior year with Ontario (13,292) and Quebec (8,372) accounting for nearly two-thirds of all filings in the quarter.
But the sharpest increases came from smaller provinces as Newfoundland and Labrador led the country with a 20.2% year-over-year jump in filings, while British Columbia and Manitoba recorded increases of 7.0% and 5.3% respectively.
“For many in lower-income brackets, especially those facing stagnant or declining wages as the cost of essentials rises, the financial burden can be especially severe,” Bolduc adds. “Licensed Insolvency Trustees should be the first place to seek help, as they are the only…
