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Daily Archives: July 10, 2025

First Guardian investors warned their superannuation may never be recovered

LiquidationBy EditorJuly 10, 2025

Six thousand Australians who invested hundreds of millions of dollars of their super funds with First Guardian, which collapsed earlier this year, have been told by the fund’s liquidator the case will take at least a year to resolve and there may be insufficient funds to pay them back. Liquidators from FTI Consulting, Ross Blakeley…

Tile supplier’s assets to be sold after its collapse into liquidation – Insider Media Ltd

LiquidationBy EditorJuly 10, 2025

Tile supplier’s assets to be sold after its collapse into liquidation  Insider Media Ltd Read the original article here

Willie Thorne reveals suicide attempt and £1 million gambling debt

Debt HelpBy EditorJuly 10, 2025

Thorne spoke out about his addiction to gambling after the Daily Mirror revealed that he is almost £1 million in debt. The BBC presenter fought back tears as he appeared on ITV daily show This Morning alongside his wife Jill and talked of how he attempted suicide as his addiction took a hold of his…

Insolvency filings in May rise from April, but down from last year

BankruptcyBy EditorJuly 10, 2025

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2. Insolvency statistics for May show a rise from April but are down…

Report directors’ loan accounts — insolvency practitioner bulletin 5 (2024)

LiquidationBy EditorJuly 10, 2025

Background On 22 September 2022, HMRC initiated a new voluntary process for insolvency practitioners to help HMRC to manage the tax impacts of directors’ loan accounts. The process was published by the insolvency regulators and is also set out at Dear IP chapter 8.46 found on the R3 website. Under the process, insolvency practitioners were…

Free Financial Counseling Available to Help Hawaiʻi Families Navigate Debt and Recovery – KHON2

Debt HelpBy EditorJuly 10, 2025

Free Financial Counseling Available to Help Hawaiʻi Families Navigate Debt and Recovery  KHON2 Read the original article here

Begbies Traynor boosted by rise in larger scale company failures

BankruptcyBy EditorJuly 10, 2025

“We anticipate continuing growth in the new financial year, driven by the increase in scale of our teams, including the recruitment of senior fee earners, together with the visibility of fees on current instructions, larger and higher value cases, and supportive market conditions. Read the original article here

TPX to file Notice of Intention under the Bankruptcy and Insolvency Act

BankruptcyBy EditorJuly 10, 2025

TPX (The Podcast Exchange), the Toronto-based podcast advertising reseller and branded content producer, has sent a letter to creditors notifying them that the company plans to file a Notice of Intention (NOI) under the Bankruptcy and Insolvency Act. The NOI buys the company time to develop a proposal to its creditors as it works to…

One Of FCA’s Ghosts Just Bit The Dust

BankruptcyBy EditorJuly 10, 2025

Years after the joint venture was terminated, GAC FCA has been declared bankrupt

PenAir Credit Union offers cash prizes and advice to tackle Florida’s debt crisis

Debt HelpBy EditorJuly 10, 2025

PENSACOLA, Fla. — 52% of Floridians say they’re more in debt now than a year ago, due to the cost of food. That’s from a poll by Change Research for No Kid Hungry Florida. According to the Federal Reserve Bank of New York, in the first three months of 2025, household debt increased by $167…

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