Insolvency Guardian Media Centre

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.
CCI Approves Dalmia Cement’s Acquisition Of Jaiprakash Associates Via Insolvency Route  BW Businessworld Read the original article here
With credit card debt high and expensive now, many borrowers may want to explore the steps they need to take
CCI approves Dalmia Bharat''s acquisition of Jaiprakash Associates under IBC. Key players like Adani also in the bidding process.New Delhi,
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of
All-in-one dashboard enables users to track, manage, and optimize loan payments across student loans, mortgages, credit cards, and more NEW
Hamburg-based Closed GmbH has filed for insolvency. The brand filed the application with the relevant district court in Hamburg on
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization.
A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being
An Indian-origin businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just GBP 1 to another
Winston-Salem church launches latest medical debt relief fund-raising campaign  Greensboro News and Record Read the original article here
Issue of Debt  Business Wire Read the original article here
A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being

CCI Approves Dalmia Cement’s Acquisition Of Jaiprakash Associates Via Insolvency Route  BW Businessworld

Read the original article here

With credit card debt high and expensive now, many borrowers may want to explore the steps they need to take to qualify for a forgiveness program.

Getty Images


Americans now owe approximately $1.18 trillion on their credit cards, according to the Federal Reserve Bank of New York. Elevated interest rates and persistent inflation have made this burden even heavier by squeezing household budgets. While credit card balances declined by $29 billion in the first quarter of 2025, overall debt levels remain historically high.

For…

Read the original article here

CCI approves Dalmia Bharat”s acquisition of Jaiprakash Associates under IBC. Key players like Adani also in the bidding process.

New Delhi, Aug 5 (PTI) The Competition Commission of India (CCI) on Tuesday approved Dalmia Bharat’s proposal to acquire the debt-laden Jaiprakash Associates Ltd (JAL), which is going through the insolvency resolution process.

Under the provision of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is a key requirement for submission of resolution plan to participate in the bidding process.

Besides Dalmia Bharat, several other players that have shown their interest to acquire the debt ridden JAL, which operates from cement to real estate, hospitality to fertiliser plant.

Players…

Read the original article here

An error has occurred

Your request was blocked by Link11 Web Application Security.
If you believe this is the result of an error, contact the administrator of
www.tipranks.com.

ID: be980d0ab25363e2c86e0c039bc1b3f8, IP Address: 110.232.115.214, Status Code: 471
Timestamp: 2025-08-05T14:23:34.064020383+00:00

Read the original article here

All-in-one dashboard enables users to track, manage, and optimize loan payments across student loans, mortgages, credit cards, and more

NEW YORK, Aug. 5, 2025 /PRNewswire/ — Vola Finance, a personal financial management platform, today announced the launch of its Vola CreditMap, a new loan management dashboard designed to help consumers take control of personal debt and increase their credit scores. The tool provides a centralized, intuitive platform to manage everything from credit cards and student loans to rent and utility reporting.

As the average U.S. consumer debt balance surpasses $104,000, borrowers, particularly Millennials and Gen Z, are managing more loans…

Read the original article here

Hamburg-based Closed GmbH has filed for insolvency. The brand filed the application with the relevant district court in Hamburg on Tuesday. Stefan Denkhaus, a lawyer from the BRL law firm, has been appointed as the provisional insolvency administrator.

The insolvency was necessary due to excessive debt and the associated financing costs. Operationally, the company, with its healthy sales structure of wholesale, online and brick and mortar retail, is fundamentally profitable. Turnover has developed better than the market.

Business operations will continue during the proceedings. Insolvency benefit pre-financing for the workforce has already been initiated. Suppliers and other business partners will now be involved in the process.

The…

Read the original article here

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

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….

Read the original article here

A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being a director for six years.

Kulbarg Singh, 62, was director of Aldridge Construction Engineering Ltd when he sold all the company assets to Ace Earth Solutions Ltd, of which he was also a director, in 2021, before the former entered liquidation a year later.

The Insolvency Service said Singh, of Haselour Lane in Harlaston, Staffordshire, sold the assets for more than £465,000 – much less than their £1.5m value.

The seven cars, which had a combined value of £101,500, were two Daimlers from 1936 and 1965, two Jaguars from 1969 and 1978 and three Rolls Royce from the 1970s.

Kevin Read, chief investigator at the Insolvency…

Read the original article here

An Indian-origin businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just GBP 1 to another company he controlled has been disqualified from holding a company directorship for six years following an investigation by the UK’s Insolvency Service.

Kulbarg Singh from Staffordshire in the West Midlands region of England was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021.

According to the Insolvency Service this week, at least GBP 1.5 million of company assets were sold, with Aldridge Construction Engineering Ltd entering liquidation the following year.

Among the “under-priced sales” identified in the probe…

Read the original article here

Winston-Salem church launches latest medical debt relief fund-raising campaign  Greensboro News and Record

Read the original article here

Issue of Debt  Business Wire

Read the original article here

A businessman who sold seven classic cars for just £1 to another company he controlled has been banned from being a director for six years.

Kulbarg Singh, 62, was director of Aldridge Construction Engineering Ltd when he sold all the company assets to Ace Earth Solutions Ltd, of which he was also a director, in 2021, before the former entered liquidation a year later.

The Insolvency Service said Singh, of Haselour Lane in Harlaston, Staffordshire, sold the assets for more than £465,000 – much less than their £1.5m value.

The seven cars, which had a combined value of £101,500, were two Daimlers from 1936 and 1965, two Jaguars from 1969 and 1978 and three Rolls Royce from the 1970s.

Kevin Read, chief investigator at the Insolvency…

Read the original article here