23,000 in Blair rejoice at student debt relief Local Ipswich News
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Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN
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How employers can help workers with student loan debt Fortune
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An award-winning food distributor has filed for bankruptcy.
Cozy Harbor Seafood, a Maine-based seafood processing company, filed for Chapter 11 as it seeks a sale.
The company is well-known for providing marine proteins to major grocery stores around the world, including Wegmans, AEON, Giant, HEB, and Hannaford.
But like many food companies, it has racked up debt following 2020 Covid lockdowns.
Its sales of lobsters and fish will continue during the bankruptcy period, lawyers…
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Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy Bernama
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The recent amendments by the Insolvency and Bankruptcy Board of India (IBBI) – the Fourth Amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2025 (CIRP Regulations) and the The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025 (IP Guidelines) – have introduced some major changes to India’s insolvency framework.
The IBBI has inserted Regulation 18(5) and amended Regulations 36A and 38 in CIRP regulations to allow greater flexibility in the IBC regime.
The authors aim to critically evaluate the implications and legislative reasoning behind the new reforms, and opine that while the…
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In the energy industry, it’s known as the solar coaster: The ups and downs in the solar industry can cause companies to grow quickly and fade just as fast. So far in 2024, customers of more than one big installer have felt those big downhill drops.
The latest solar giant to struggle is SunPower Solar, one of CNET’s picks for best national solar companies. The company filed for Chapter 11 bankruptcy in August. As part of the bankruptcy, Complete Solaria (a merger of Complete Solar and Solaria) will buy SunPower’s Blue Raven Solar and New Homes subsidiaries, as well as other parts of the SunPower dealer network. On Sept. 9, Complete Solar announced that it raised $40.5 million to cover the remaining closing costs of a $45 million bid to…
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The (FfD4) took place from June 30 to July 3, 2025 in Seville, Spain, marking a pivotal moment for global cooperation on sustainable development.
FfD4 marks the 80th anniversary of the United Nations (UN) and arrives amid rising debt, climate risks and a $4.2 trillion annual financing gap for developing countries, highlighted Philemon Yang, president of the United Nations General Assembly. It serves both as a review of past commitments and a launchpad for new action through the and , the outcome document.
The UN Economic and Social Council (ECOSOC) President, Bob Rae, echoed the urgency, identifying four key goals for reinvestment in the pillars of sustainable development: Closing the financing gap for UN-mandated Sustainable…
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The recent reforms reflect the IBBI’s aspiration to make the insolvency resolution process not just faster, but also more accountable and investor-friendly. But it is imperative to view these reforms in consonance with the underlying institutional limitations. The IBC framework still suffers from limited infrastructure at the NCLT level, valuation disputes, inconsistent judicial interpretation and information asymmetry. As of September 2024, the number of CIRPs resulting in liquidation (2,630) was still over 2.5 times the number resulting in resolution (1,068). Therefore, the recent reforms need to be accompanied by reforms in tribunal capacity building, cross-border insolvency framework and digital infrastructure for tracking CIRP…
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Michael Jordan once admitted he turned his gambling losses into apology checks for his wife: “Here honey, I’m sorry for the embarrassment” originally appeared on Basketball Network.
Even though Michael Jordan was the embodiment of basketball greatness every time he stepped on the hardwood or grinded behind the scenes, the one stain that followed him throughout his career was the constant whispers about his gambling. And even though he lived in an era where social media didn’t exist, this “public secret” somehow managed to dominate conversations and headlines.
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Stories of massive golf bets, late-night casino trips and even a visit to Atlantic City during the middle of the Eastern Conference finals weren’t rare — they were…
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RCom has been under a corporate insolvency resolution process since 2019. In its statement, the company reminded investors that any loans linked to the period before insolvency must be handled within the resolution plan.
Also Read: Reliance Communications…
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As retirement approaches, many people look forward to a slower pace of life and the freedom that comes with no longer working full-time. But for those carrying debt into their later years, the prospect of retiring can bring just as much anxiety as it does anticipation.
With income often dropping and expenses sometimes shifting in unpredictable ways, it’s important to take stock of your financial situation beforehand.
Dennis Hussey, team manager at National Debtline who has also been a money advisor for 20 years, explains that when retiring it is ‘often going to mean that income streams narrow’.
“For most people, it means that they…
