Topic
insolvency
9 stories related to this topic, newest first.
abcnews.go.combusiness1 day ago
Los Angeles County Gives LAUSD 45 Days to Address Projected Budget Shortfall
The Los Angeles Unified School District must demonstrate it can manage its budget responsibly within 45 days or face loss of control to outside overseers. The Los Angeles County Office of Education cited severe insolvency risks and a potential $231 million deficit by November 202…
deadline.comworld11 days ago
Christian Brothers Wins Moratorium on Abuse Claims While Citing Insolvency
The order secured the legal protection Thursday after seeking but not receiving financial help from the Holy See. It has retained nine convicted abusers as members.
Washington Examinerpolitics20 days ago
Postmaster general to testify before Senate committee on Postal Service finances
Postmaster General David Steiner is scheduled to appear before the Senate Homeland Security and Governmental Affairs Committee on Wednesday at 9:30 a.m. The hearing will examine reforms to the Postal Service's business model ahead of potential insolvency.
Substrate placeholder — needs reviewfinance27 days ago
Social Security Trust Funds Face Insolvency by 2033
The 2026 Social Security Trustees Report projects the combined trust funds will be depleted by 2033. A law enacted earlier this year accelerated the projected depletion date by one year.
marketwatch.comworld39 days ago
U.K. Regulators Bar Financier from Company Boards
U.K. regulators banned a financier from serving on company boards after his lending firm collapsed in 2021. The decision follows the firm's insolvency proceedings.
news.sky.comworld77 days ago
Barclays Seeks Recovery of £500 Million Loan to Collapsed Lender Market Financial Solutions
Barclays aims to recover a significant portion of the £500 million it lent to Market Financial Solutions, a mortgage lender that has collapsed. Insolvency officials overseeing the process expressed uncertainty about the total amount that can be recovered. The information comes fr…
news.sky.comfinance89 days ago
UK Consultancy Global Counsel Enters Insolvency Owing £646,000 to HMRC
Global Counsel, a UK public affairs consultancy, entered insolvency in February following the loss of major clients. The firm owes HMRC approaching £646,000 and had approximately 80 UK employees, most of whom were made redundant. Administrators are reviewing transactions for pote…
BU
Substrate placeholder — needs reviewfinance95 days ago
Upcoming US Senators to Face Social Security Insolvency and Rising National Debt in 2033
The Social Security trust fund is projected to be exhausted in approximately six years and seven months, leading to potential benefit cuts. Medicare faces a similar deadline about one month earlier. The next class of senators, elected in 2026, will serve terms covering this perio…
GualdimG / Wikimedia (CC BY-SA 4.0)finance95 days ago
USPS Suspends Pension Contributions Amid Cash Shortfall Warnings
The U.S. Postal Service has paused its employer contributions to the Federal Employees Retirement System to conserve cash. Officials warn of potential insolvency by February 2027 without legislative changes. The move is expected to save $2.5 billion through the fiscal year end.
UN