Insolvency Guardian Media Centre
Utterly broken after investing almost $370,000 of her retirement savings into the now-collapsed First Guardian Master Fund and learning she may not get most of it back, Mel Wohlers contemplated ending her life.
“I went to a really dark place because of this and almost did something really stupid,” a tearful Ms Wohlers says before adding: “And I don’t want to.”
Read the original article here
Between hosting dinners, buying gifts and travel, the holidays can get pretty expensive. And if you’re finding that your paycheck just doesn’t go as far as it once did, credit cards or personal loans may seem like the easiest way to extend your income to afford everything the holiday season demands.
But come January 1, you’re faced with a new reality: It’s time to pay up — and sometimes the balance can be overwhelming. This is called the “holiday debt hangover,” and if you already feel the financial stress mounting, read on for six tips to overcome it.
Assess the damage
Sometimes the uncertainty of not knowing exactly how much debt you have adds to existing financial stress. Rip off the band-aid and look at your credit card statements to…
Read the original article here
(Bloomberg) — Brazil’s central bank is facing extraordinary scrutiny over its decision to liquidate Banco Master SA, a rare instance of judicial intervention that risks undermining the legal certainty of its regulatory decisions.
Both the country’s Supreme Court and Audit Court are seeking details about the move, with the regulator facing a looming deadline to provide information. The liquidation followed months of investigations into Banco Master’s operations and its politically connected Chief Executive Officer, Daniel Vorcaro, who spent about a month in jail before being released with an ankle monitor.
The central bank found evidence suggesting attempted fraud in the proposed sale of Master to Banco de Brasilia SA, an…
Read the original article here
Posted on: December 26, 2025, 01:11h.
Last updated on: December 26, 2025, 01:11h.
- Casino operators’ debt/EBITDA levels elevated relative to peers.
- Analyst says coverage ratios are somewhat low.
- He adds high debt can hinder asset-level investment.
Shares of Caesars Entertainment (NASDAQ: CZR) and Penn Entertainment (NASDAQ: PENN) flailed this year with the casino operators’ sizable debt burdens looming large.
That…
Read the original article here
Program has provided Arizonans $642M in medical debt relief | State | eacourier.com Eastern Arizona Courier
Read the original article here
Read the original article here
Bloom Dekor Limited’s 18th COC Meeting Approves Key Resolutions Under CIRP scanx.trade
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
Crunching the numbers: The biggest and most niche liquidations of 2025 The Press
Read the original article here
The insolvency appellate tribunal NCLAT has ruled that the Committee of Creditors (CoC) cannot modify an approved resolution plan to reallocate funds meant for dissenting financial creditors, reaffirming limits on the exercise of commercial wisdom after a plan has been cleared, PTI reported.Dismissing an appeal filed by Bank of Baroda in the insolvency proceedings of Reliance Communications Infrastructure Ltd (RCIL), a two-member bench of the National Company Law Appellate Tribunal said that once a resolution plan is approved, the assenting members of the CoC cannot alter its financial distribution framework.“It is true that the CoC with commercial wisdom can take a decision regarding different aspects of the plan, including manner…
Read the original article here
A tiny island was once hailed as one of the richest in the world before it went bankrupt. Nauru, an island nation in the Pacific Ocean is home to a mere 12,000 people, with a stunning coastline and beautiful beaches.
But the couple of hundreds visitors who go there each year may not be aware that the country enjoyed a brief period of immense wealth due to phosphate reserves originally discovered in the early 1900s. They were originally mined by colonial powers including Britain and Germany, but when Nauru eventually gained independence in the 1960s, it took control of the mines and used the resources to build a booming economy.
A New York Times report from 1982 said at the time that Nauru was the “smallest and wealthiest independent…
Read the original article here
The High Court ruling opens the way for creditor actions and insolvency proceedings, which may include being wound up
[SINGAPORE] An application for a moratorium by a group of eight companies, including Autobahn Rent A Car, was dismissed by the High Court on Friday (Dec 26).
The group had sought a six-month moratorium and a scheme of arrangement in an application heard by Judicial commissioner Sushil Nair.
In earlier court filings seen by The Business Times, 22 creditors opposed the application.
With an extended moratorium no longer on the cards, it opens up the group to creditor actions and insolvency proceedings, which may include being wound up.
The eight companies are: Autobahn Rent A Car, Hamilton Autohub, Hamilton Capital, Shinsei…