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.
Dr. Phil might not be a real medical doctor, but he sure seems to be good at reanimating his own corpse, because somehow he just keeps coming back from the dead. Just a couple of weeks after his streaming venture, Merit Street Media, filed for chapter 11 bankruptcy, the second-most-embarassing person that Oprah rocketed into fame is launching another venture called Envoy Media Co., according to The Hollywood Reporter.
Envoy, much like Merit Street, will be anchored by original programming starring Dr. Phil and Steve Harvey. It’ll also include a library of content (Merit Street had a whole back catalogue of Harvey’s talk show and Nancy Grace’s “Crime Stories,” so keep an eye out for…
The Technical University of Kenya (TUK) has been declared insolvent by Parliament amid a deepening financial crisis marked by a Ksh12 billion debt and persistent salary delays for staff.
The crisis has largely been blamed on a bloated workforce that exceeds the institution’s operational capacity, with payroll consuming Ksh270 million monthly. Additionally, TUK has failed to remit statutory deductions for several years.
Appearing before the Parliamentary Committee on Education on Wednesday, April 16, current and former administrators faced tough questions about how the institution accrued debts now exceeding Ksh12 billion.
The administrators admitted to severe financial mismanagement, revealing that staff, including lecturers,…
Drake has revealed the staggering amount of money that he has lost gambling so far over the last month alone.
Posting on his Instagram Stories, a screenshot of his gambling account revealed the 6 God had wagered almost $125 million over the last month and was more than $8 million in the hole.
The screenshot revealed that Drizzy had lost almost $6 million in the last week.
Drake also wrote: “Gotta share the other side of gambling… Losses are so fried right now. I hope I can post a big win for you all soon cause I’m the only one that has never seen a max these guys max once a week.”
The Technical University of Kenya (TUK) has addressed reports that the university has been shut down days after it was declared financially insolvent by the National Assembly.
The Parliamentary Committee on Education on Wednesday, April 16, declared TUKinsolvent amid a deepening financial crisis marked by billions of debts and persistent salary delays for staff.
This came after current and former administrators faced tough questions before the committee about how the institution accrued debts exceeding Ksh12 billion.
Following the insolvency declaration, a notice purported to be from TUK resurfaced, claiming that the university has been closed.
The document, which has since been flagged as fake, alleged that the university…
By Ben Zigterman ( July 14, 2025, 3:14 PM EDT) — Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 financing package lined up….
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Exclusive: Zig Zag, the 25-year-old UK producer behind shows including Fox’s I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought.
Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant.
The company, founded in 1999 by Danny Fenton, has appointed an administrator following a meeting with creditors on Wednesday. The insolvency company will be announced shortly.
Deadline understands that Zig Zag had three shows greenlit last year, worth as much as £4.5M ($5.6M), but the series were delayed indefinitely amid uncertain market conditions.
A perfect storm of adverse events has seen South Australian dairy company Beston Global Food Company go into voluntary administration.
Beyond the farmers who supply the milk to the company, an additional 159 workers at the company’s Jervois and Murray Bridge sites will be affected by the development.
Beston was known for its cream cheese as well as hard cheeses such as gruyere and parmesan.
It also produced lactoferrin, a high value dairy protein used in diet supplements.
The cheese and whey powder business have incurred losses, the company says. ( ABC News: Jennifer Nichols
)
Sale offer fell through
A combination of high operating costs due to power prices, dairy prices and a debt burden following the COVID-19…
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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:
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“Canadians have not witnessed such economic uncertainty since the pandemic,” says Grant Bazian, President of MNP. “Many feel stuck, hesitating to make big life or financial decisions as they wait for things to stabilize.”
Younger adults and lower-income households are bearing the brunt with one third of Canadians aged 18-34 saying they’ve put their lives on pause, while close to half in that group feel stressed about their financial situation.
Overall, almost one in three respondents say they’re living paycheque to paycheque, rising to 45% among those earning under $40K. However, young Canadians are the least likely to say they’re being more cautious with their money, even though…
