Insolvency Guardian Media Centre
Bruno Mars Says He’s Almost Debt-Free After Foray Into K-Pop MSN
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MasterChef star Reynold Poernomo has received some tough news this week with his high-end dessert bar in Melbourne going bust.
The business behind KOI Dessert Bar in Melbourne, known for its luxurious, highly creative, and visually stunning treats, has entered voluntary administration.
The family run business, which also has two establishments in Sydney, became known to the public when Poernomo placed fourth on the 2015 series of the beloved Channel 10 show.
It’s the latest in a series of blows for the popular chef, who’s business Monkey’s Corner in Sydney entered liquidation in May, according to Herald Sun.
The business, which was opened back in 2017, reportedly owed almost $500,000 to creditors at the time of its closure, including…
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Former England star declared bankrupt after ‘burying his head’ over £36,000 tax bill MSN
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‘I was not siphoning money’: Boss of failed company defends ‘flashy’ lifestyle Stuff
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Business Wire – 1 hour ago
MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends:
- Quarterly dividend of $0.35263005 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA).
- Semi-annual dividend of $29.375 per share on the company’s 5.875% fixed-to-floating rate non-cumulative preferred stock, Series D, with a liquidation preference of $1,000 per share.
- Quarterly dividend of $351.5625 per share on the company’s 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in…
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Report: Twins’ limited partners will help pay off debt; payroll impact unclear MSN
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Echoes of 1999 and 2007 aren’t hard to hear, but what does that mean for investors?
In his 2023 letter to shareholders, Warren Buffett reminded Berkshire Hathaway investors that major market panics “won’t happen often — but they will happen.” They are a fact of life in markets ultimately made up of humans — humans prone to getting caught up in waves of “feverish activity” and “foolishness.”
And while this has always been the case, Buffett was particularly concerned with the level to which the modern market appeared “casino-like,” pointing out that “the casino now resides in many homes and daily tempts the occupants.”
Now, two years later, as the S&P 500 (^GSPC -0.29%) sets new record highs, the total
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Workforce training platform Uvaro acquired coding school Lighthouse Labs this past January.
This past January, Kitchener-Waterloo, Ont.-based workforce training platform Uvaro acquired coding school Lighthouse Labs for an undisclosed amount, making it a subsidiary. Just over seven months later, both have filed for bankruptcy.
As first reported by Canadian Cyber in Context, the two companies filed a bankruptcy notice to creditors on Aug. 1 and appointed professional advisory firm GlassRatner as their trustee. Both the Uvaro and Lighthouse Labs’ websites now redirect to their trustee page, which contains bankruptcy documents and a frequently asked questions (FAQ) document for creditors and…
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Reps. Beyer, Carson, and Chu introduce legislation to expand student debt relief for Fulbright teachers under PSLF program.
Quiver AI Summary
On August 15, 2025, Representatives Don Beyer, André Carson, and Judy Chu introduced the Fulbright Teacher’s Loan Forgiveness Act, aiming to extend Public Service Loan Forgiveness (PSLF) eligibility to participants in Fulbright Teacher Exchange and Teaching Assistant programs. The legislation seeks to ease the student debt burden on these educators.
Rep. Beyer highlighted that Fulbright teachers “have earned debt forgiveness through their service” and encouraged more educators to engage in public service. Rep. Carson emphasized the value of Fulbright teachers in U.S….
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Murray & Roberts will not oppose liquidation proceedings initiated by creditor, as the iconic South African engineering and construction firm faces final winding up after over 120 years in business. The group advised shareholders on Friday, 15 August 2025, that it would not fight the application in the Gauteng Division of the High Court, citing its dire financial position.
Historic Firm Heads Towards Closure Amid Insolvency Woes
South African engineering and construction giant Murray & Roberts has confirmed it will not stand in the way of a creditor’s push for its liquidation. The company, with roots stretching back to 1902, shared the news with shareholders on Friday, 15 August 2025, explaining that a creditor…
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Real world: ‘Jim, we’re in bad nick’ as insolvencies rise The Australian
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Amid uproar by the Opposition, Finance Minister Nirmala Sitharaman on Tuesday introduced an amended Insolvency and Bankruptcy Code in the Lok Sabha. Among some of the key amendments to the existing bankruptcy law that are incorporated in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, include a provision enabling a “creditor-initiated insolvency resolution process” with an out-of-court initiation mechanism for genuine business failures, in order to facilitate faster and more cost-effective insolvency resolution.
For starters, the bill aims to reduce delays, maximise value, and improve process governance for all stakeholders, introducing new provisions based on select global best practices for resolving insolvency. Several of…