Insolvency Guardian Media Centre
The Enforcement Directorate on Thursday conducted simultaneous raids in connection with an alleged money laundering case involving bank loan fraud worth Rs 3,000 crore against Reliance Group chairman Anil Ambani‘s companies, according to a PTI report.Officials stated that searches are being executed at over 35 locations in Mumbai, covering 50 companies and 25 individuals under the Prevention of Money Laundering Act (PMLA).A Delhi-based ED unit is spearheading the investigation. According to ED sources quoted in the report, they are investigating alleged improper diversion of approximately Rs 3,000 crore in…
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Tips to help break the credit card debt cycle WDTV 5
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(InvestigateTV) — Credit card debt is a tough cycle to break, and a recent survey found many people are feeling like they’re falling further behind.
“It’s something that is kind of plaguing most Americans. It’s definitely not going away any time soon,” WalletHub Managing Editor John Kiernan said.
Kiernan said he’s heard countless stories from people struggling to keep up with rising credit card interest rates. And the numbers bear this out.
An April survey by WalletHub found that nearly 1 in 3 Americans expect to end the year with even more credit card debt.
It also found that half of Americans are concerned that tariffs could make their credit card debt worse and that 46 percent don’t have a plan to pay down their debt.
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Debt relief is on the way for Uni students across the region with legislation tabled in parliament to reduce HECS debts, easing the burden for thousands of Australians.
The Universities Accord Bill 2025 will student debt cut by 20% and will make the loan repayment system fairer by by increasing the amount people can earn before they are required to start repaying their loan and making the size of their compulsory repayments smaller.
Member for Corragamite Libby Coker said the move will ease the cost of living pressures of many students.
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“On average, it means that the debt of 27,600 will be cut by $5,500,” she said.
“I’m really proud…
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Charity wipes out $429 million in medical debt with governor’s help paysonroundup.com
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Michelle Dickinson.
Photo: RNZ
Nanogirl Labs Ltd owes Inland Revenue more than $260,000 and is unlikely to be able to pay any of its unsecured creditors, its liquidators say.
The company – founded by Michelle Dickinson and her husband Joe Davis – was placed into liquidation last November.
Dickinson told RNZ at the time that a tough business environment was behind the decision.
Government funding had also been cut.
It had provided science live shows, education and STEM kits to children for eight years.
Dickinson told Nine to Noon last November that revenue sources had “dried up”.
The biggest set back was the cut to MBIE’s $1.6 million Curious Minds funding, which supported community science programmes.
Nanogirl also…
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Melbourne-based Total Print Management Pty Ltd, formerly trading as Commerce Press, has entered into liquidation after its business assets were acquired by Hornet Press earlier this year.
Tim Brace of SV Partners was appointed liquidator on 4 June 2025, following a resolution by the company’s members.
Established in 1993, the company operated a printing and merchandise services business in Tullamarine, Victoria. It also acted as the trustee for the Total Print Management Unit Trust. The company’s director is Peter Walsh.
In an Initial Notice to Creditors issued in June 2025, the director cited a decline in company revenue as the primary reason for the business’ failure, resulting in an inability to pay…
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Bedford – an 80-year-old disability employment services provider – will enter voluntary administration on Sunday, 27 July, the company said in a statement.
The company claims it is the second-largest employer for people with disability in the country, with the decision to appoint administrators expected to “directly impact 1400 people with disability across South Australia”.
The “heartbreaking decision” comes after the company “has spent recent years firmly focused on innovation to decouple the organisation from the reliance on funding models related to the NDIS”.
It said it advised clients, families and staff of the decision this morning, “following an exhausting negotiation process with the state and Federal…
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SC dismisses appeals of BCCI, BYJU’S promoters against NCLAT order in insolvency withdrawal case ANI News
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Latest Accountant in Bankruptcy figures have shown that business insolvency numbers (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 17.3% compared with Q1 2024-2025, to a total of 332.
The number of business insolvencies (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 12.9% compared with the previous quarter’s total of 294 (January-March 2025).
Tim Cooper, Immediate Past President of restructuring, turnaround and insolvency trade body R3 and Partner at Addleshaw Goddard LLP, said “Corporate insolvency activity in Scotland is picking up pace, with more firms entering an insolvency process last quarter than at any point in the past two years. This upward trend…
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The Dutch branch of Mexican fast food chain Taco Bell has been declared bankrupt by a court in Rotterdam, following years of limited success in the market.
The company behind the franchise, T Bello Netherlands, operated 11 Taco Bell outlets in cities including Amsterdam, Rotterdam, Eindhoven and Utrecht. It is owned by British firm MSHA, which held the rights to run the brand in the Netherlands.
This is the second time Taco Bell has failed to gain a foothold in the Dutch market. A previous franchise holder also went bankrupt in 2018.
The American arm of Taco Bell, which typically works with independent franchise operators, is not affected by the bankruptcy.