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.
IBC Impact: IBC Resolves Rs 26 Lakh Crore Debt in 9 Years, Says Crisil  Deccan Herald Read the original article here
Medical expenses, whether big or small, weigh on almost everyone. For many Michiganders, one bill can often lead to a
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LAFCU awards $10K to essay contest winners to support debt reduction  CUInsight Read the original article here
As parliament returns this week for the first time since the election, the top item of business for Labor is
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Killarney Brewing & Distilling confirms liquidation despite ‘tireless efforts’ to secure funds  Business Post Read the original article here
NEED TO KNOWBruno Mars shows off his sense of humor in a new social media postThe “Treasure” singer made light
Bruno Mars Laughs Off $50M Gambling Debt Rumors with Playful Jabs | Video  EURweb Read the original article here
Reforms help Malaysia manage public debt  Vietnam+ (VietnamPlus) Read the original article here
Credit card debt forgiveness could cut your debt load by half, but there are some mistakes to avoid if you
The 54 Collective liquidation has been provisionally ordered by a South African High Court, following allegations of serious financial misconduct

IBC Impact: IBC Resolves Rs 26 Lakh Crore Debt in 9 Years, Says Crisil  Deccan Herald

Read the original article here

Medical expenses, whether big or small, weigh on almost everyone. For many Michiganders, one bill can often lead to a spiral into serious debt.

Carrecia Watkins knows that struggle firsthand after getting into a car accident back in 2023.

“A big, huge impact that I wasn’t ready for,” Watkins said. “Someone hit me, and they were totally at fault, but because she didn’t have any insurance, I was stuck with the bill.”

Still dealing with long-lasting injuries, Watkins now has close to $5,000 in medical bills and ongoing therapy costs for her recovery.

“Now I’ve got this hefty medical bill that I have to pay, and there’s nothing I can do,” Watkins said. 

Watkins’ story is one of thousands that pushed the Michigan Gov. Gretchen…

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LAFCU awards $10K to essay contest winners to support debt reduction  CUInsight

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As parliament returns this week for the first time since the election, the top item of business for Labor is its election promise to reduce student loans by 20 per cent.

Legislation will be introduced on Wednesday and is likely to become law soon after, with both the Coalition and the Greens appearing likely to support it.

It means about 3 million Australians will see an automatic adjustment applied to their loans later this year, and also see changes to the repayment rules. Here’s how it works.

The current HELP system

The reduction applies to the various student loans offered by the federal government under the Higher Education Loan Program (HELP).

That includes HECS-HELP for university degrees (commonly shortened to HECS), but also…

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Killarney Brewing & Distilling confirms liquidation despite ‘tireless efforts’ to secure funds  Business Post

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NEED TO KNOW

  • Bruno Mars shows off his sense of humor in a new social media post

  • The “Treasure” singer made light of rumors that he accumulated more than $50 million in gambling debt during his Las Vegas residency

  • MGM Resorts International denied the allegations, praising its working relationship with the star

Bruno Mars is making money and having a bit of fun with the rumor mill.

The “24K Magic” singer, 39, surprised fans at SoFi Stadium in Los Angeles on Sunday, July 13, when he joined Rosé onstage to perform their hit “APT.” during BLACKPINK’s DEADLINE World Tour.

The day after the show, Mars showed off his sense of humor in an Instagram post, writing, “Almost out of debt BehhhhhBehhhhh!!! Preciate You ROSAAAAYYYYYY!!!!…

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Bruno Mars Laughs Off $50M Gambling Debt Rumors with Playful Jabs | Video  EURweb

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Reforms help Malaysia manage public debt  Vietnam+ (VietnamPlus)

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gettyimages-1186777143.jpg

Credit card debt forgiveness could cut your debt load by half, but there are some mistakes to avoid if you want to qualify for a program.

Getty Images


It’s understandable if the idea of having a large portion of your credit card debt forgiven sounds too good to be true. After all, in today’s still sticky inflationary climate in which the rate rose in the last two months and in which elevated interest rates are making borrowing cost-prohibitive, it may feel like there are few viable options for regaining your financial…

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The 54 Collective liquidation has been provisionally ordered by a South African High Court, following allegations of serious financial misconduct and a “blatant disregard for the law” from the Mastercard Foundation. Court documents seen by Condia reveal that the misconduct relates to a $106.5 million charitable grant.

The Foundation had disbursed over $42 million to the firm, originally registered as Africa Founders Ventures NPC (AFV), across 2023 and 2024. 

The provisional liquidation order implies that an independent party will now take over the company’s affairs while the court decides if it should be permanently shut down. The court also froze more than a dozen accounts held at Nedbank, Standard Bank, and Investec, citing…

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