Insolvency Guardian Media Centre
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN
Read the original article here
Debt relief eyed for climate-vulnerable countries BusinessMirror
Read the original article here
A total of P1.834 billion worth of land amortization debt has been condoned for Agrarian Reform Beneficiaries (ARBs) in Negros Island Region (NIR).
This relief covers 8,860.15 hectares of land and was formalized through the distribution of 19,244 Certificates of Condonation with Release of Mortgage (CoCrom) freeing 11,179 ARBs from decades of agrarian debts.
Department of Agrarian Reform (DAR) Secretary Conrado Estrella III personally led the distribution ceremony held at the Manuel Y. Torres Memorial Coliseum and Cultural Center in Bago City. The event included the turnover of land titles generated under the New Lands Program and the Support to Parcelization of Lands for Individual Titling (Project SPLIT).
Among the beneficiaries was…
Read the original article here
Swiss commodities trader Glencore has initiated discussions with the British government regarding its supply contract with the Lindsey refinery, placed under insolvency this week, threatening hundreds of jobs and the UK’s energy security.
International commodities trader Glencore has started negotiations with the British government to determine the future of its crude oil supply contract with the Lindsey refinery, recently placed under administration.
Increased economic and energy risk
The Lindsey refinery, with a refining capacity of 113,000 barrels per day, was previously owned by the Prax Group, which was declared insolvent earlier this week. The simultaneous insolvency of Prax and its parent company directly impacts several hundred…
Read the original article here
An error has occurred
Your request was blocked by Link11 Web Application Security.
If you believe this is the result of an error, contact the administrator of
www.tipranks.com.
ID: a8e2b7eb7ed708dfff40b43a1646de98, IP Address: 110.232.115.214, Status Code: 471
Timestamp: 2025-07-04T20:03:29.021341670+00:00
Read the original article here
A 21-year-old man was brutally murdered in Santo Amaro da Imperatriz, in Greater Florianópolis, due to gambling-related debts. According to the Santa Catarina Civil Police, the crime was solved in less than 24 hours by the DEIC Robbery and Anti-Kidnapping Division.
The victim was lured on Friday night (13) by an acquaintance, under the pretext of receiving payment of a debt. However, upon arriving at the agreed location, she was held captive by three men, forced to make bank transfers and ask friends for money. The kidnappers also used the victim’s credit card for several purchases.
Hours later, the group took the young man to a rural and isolated area near the Rio do Braço, where he was executed with a shot. The police…
Read the original article here
Nikolay Kolev, 72, was the director of Kaicony 2 Limited when it applied for a bounce Back Loan (BBL) in September 2020.
The Bounce Back Loan Scheme was a UK government program established to provide financial support to businesses during the COVID-19 pandemic.
Mr Kolev signed a BBL agreement on behalf of Kaicony for an amount of £50,000 declaring that its turnover was £210,000
However, Kaicony’s accounts for the periods ending May 31, 2019 and May 31, 2020 record total turnover to be £23,702.
READ MORE
Kaicony’s bank statements for the 2019 calendar year show receipts totalling £12,815, and therefore based on this turnover, Kaicony was entitled to a maximum BBL of £3,204.
…
Read the original article here
Almost half of councils in England risk falling into bankruptcy without action to address a £4.6bn deficit amassed under a Conservative-era policy, the government’s spending watchdog has warned.
In a damning report, the National Audit Office said that rising pressure on public services and repeated delays to reform the funding of local government meant town halls were in an “unsustainable” financial position.
It highlighted failure to reform the funding of special educational needs and disabilities (Send) as one of the most worrying areas where the resources were being outstripped by spiralling costs.
The previous government had introduced a scheme known as the “statutory override” which allowed councils to temporarily keep Send…
Read the original article here
Case File
Because the Massachusetts Insurers Insolvency fund steps takes over an insolvent insurer’s rights and responsibilities under the commonwealth’s workers’ compensation law, it has a right to collect cost-of-living adjustment reimbursements as the insurer would have had it not gone insolvent. Simply Research subscribers have access to the full text of the decision.
Case
Massachusetts Insurers Insolvency Fund v. Workers’ Compensation Trust Fund, No. SJC-13686 (Mass. 07/01/25)
What Happened
Between 1989 and 2013, the Massachusetts Insurers Insolvency Fund initiated payment of workers’ compensation benefits on…
Read the original article here
Canadian lottery winner to celebrate being debt-free with a vacation Daily Hive Vancouver
Read the original article here
Casa Luxembourg’s bankruptcy means end for country’s eight shops Luxembourg Times
Read the original article here
Apparently, there is a very small chance of it being recovered
He may have made his name on Made In Chelsea with his party-boy charm and messy love life, but it turns out Miles Nazaire’s real drama has been playing out off-screen, with his company now in serious debt.
The Daily Mail reported that Miles’ production company, LGI Productions Ltd, has officially gone into voluntary liquidation. As a result, it has left a long list of unpaid debts. Apparently, there is a very small chance of it being recovered.
Miles Nazaire, who is 29 and half-French, has stayed visible on-screen with appearances on Dancing On Ice and the Channel 4 documentary…