( July 16, 2025, 13:41 GMT | Official Statement) — MLex Summary: The UK’s Insolvency Service, which deals with bankruptcy issues, has put in place a new five-year enforcement strategy designed to tackle financial crime. The agency said today it would prosecute a wider range of offenses, increase enforcement against companies acting against the public interest, and recover proceeds of crime.
Statement follows….
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.
By Malik Yaseen
A man from our community recently lost ₹1.5 crore to an online betting game. That number may sound unreal, exaggerated even. But it isn’t.
What began for him as a harmless flutter, a few hundred rupees on a mobile app, slowly turned into a spiral of obsession, debt, and irreversible loss.
In the end, his savings vanished, his home was sold, and his family was left struggling to make sense of a life that had, quite suddenly, fallen apart.
He isn’t alone. And that is what makes this story so frightening.
Across Kashmir, a growing number of young people are being pulled into the high-speed world of online betting through games like Aviator, fantasy leagues,…
Read the original article here
Company behind manmade mountain of debris liquidated owing $2.9m Stuff
Read the original article here
PHOENIX – Over 352,000 Arizona residents are getting $429 million in medical debt relief through a state partnership with a national nonprofit organization, Gov. Katie Hobbs announced Wednesday.
The program benefits Arizonans who earn 400% or less of the federal poverty level and/or residents who have outstanding medical bills totaling at least 5% of their annual income.
Nonprofit group Undue Medical Debt is sending branded letters through the mail informing eligible recipients that some or all of their debt is being wiped out. There is no application process.
“By erasing debt for hundreds of thousands of people across our state, we are creating pathways to economic security and empowering…
Read the original article here
Gov. Hobbs talks debt relief, fire response, public education and more 12News
Read the original article here
Getty Images 
If you’ve been waiting for federal regulators to automatically wipe medical debt from your credit report, you might be waiting a while longer. This week, a federal court ruling struck down a Consumer Financial Protection Bureau (CFPB) rule that would have removed all medical debt from credit reports nationwide. The decision means millions of Americans will continue to see their credit scores dragged down by…
Read the original article here
IMF warns Ethiopia that reform momentum faces risks amid waning donor support Reuters
Read the original article here
$36 million in toll debt relief announced for thousands of Hampton Roads drivers 13newsnow.com
Read the original article here
azcentral.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.
Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on azcentral.com
Read the original article here
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization…
Read the original article here
Maverick Gaming Collapses After Debt-Fuelled Expansion iGamingToday.com
Read the original article here
The singer made a cheeky joke about his debt problems on his Instagram as he shared a clip from a recent gig.
Bruno Mars has made a light hearted joke about his rumoured debt as he performed with BlackPink’s Rosé in Los Angeles. The 39-year-old singer delighted fans on July 13 when he made a surprise appearance on stage during BlackPink’s Deadline World Tour Show.
The star, whose real name is Peter Gene Hernandez, performed their hit song APT on stage with band member Rosé. Sharing the moment on social media, Bruno shared a clip of himself running across the stage as confetti fell from the ceiling with his 42.M Instagram followers.
Bruno hilariously…
Read the original article here
Singapore continues to develop its status as an upcoming international hub for debt restructuring. The nation-state updated and strengthened its restructuring and insolvency laws in recent years, primarily through enacting the omnibus Insolvency, Restructuring and Dissolution Act 2018 (IRDA) and incorporating the UNCITRAL Model Law on Cross-Border Insolvency (the Model Law) into Singapore law.
The Singapore courts have also rendered recent decisions that strike a balance between strengthening pro-cross border reorganisation goals and adhering to the creditor-friendly history of Singapore law.
This article provides a brief survey of certain significant decisions in Singapore relating to rescue lending, restructuring and winding…