Insolvency Guardian Media Centre

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.
Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed
On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving
Ozempic and other drugs like it have been threatening the established diet industry since they premiered — and it appears
Tash kisses passport goodbye as she declares bankruptcy  The West Australian Read the original article here
BIOMILQ—a startup culturing mammary cells to produce bioactives found in breastmilk—has filed for bankruptcy amid a protracted IP dispute with
Why raise venture debt? Venture debt is a loan designed for fast-growing investor-backed startups, providing them with access
Since March 2025, the focus of the news release on bankruptcies has been on the change compared to the previous
CITY PROS: Affordable Debt Consolidation  kens5.com Read the original article here
NSW has hit record-high losses on poker machines, totalling over $8 billion in 2024.The $8.64 billion loss shows a 6.3
Across the U.S., 40 dioceses and religious orders have declared bankruptcy. The first was the Archdiocese of Portland, Oregon, in
Iconic Jumbo Stay 747 hotel at Stockholm Arlanda declares bankruptcy, may be sold for scrap  Aviation24.be Read the original article here
Once celebrated as India’s most valuable startup, Byju’s has entered a dramatic phase of financial collapse. Amid bankruptcy proceedings in

Katie Price faces a wait to see whether more of her income will go directly towards paying off money owed under her two bankruptcies.

The former glamour model was declared bankrupt in November 2019 and again in March last year, and the bankruptcies have since been discharged.

However, Price, who did not attend the hearing and was not represented, still owes money as a result of the bankruptcies, and she had previously reached a voluntary agreement over her debts.

On Friday, barrister Darragh Connell, representing trustees, told a specialist court in London she has not paid the £12,500 a month.

Katie PriceKatie Price

Katie Price did not attend the court proceedings (Ben Whitley/PA)

He asked Insolvency and Companies Court Judge Sebastian Prentis to make an income…

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On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving over $3.4 million in alleged illegal advance fees. The Bureau, under Acting Director Russel Vought, told the U.S. District Court for the Central District of California it will proceed against the individual defendant following a four-month stay.

The CFPB previously settled with the other defendants in the case, including the company and its nominal owner, who agreed to dissolve the business and pay a $2,000 civil penalty based on an inability to pay. The current motion seeks to lift the administrative stay and proceed with summary judgement briefing against the final defendant.

In its…

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Ozempic and other drugs like it have been threatening the established diet industry since they premiered — and it appears that Weight Watchers is now getting the hatchet.

In a note to investors, the long-running weight loss company is taking the “strategic action” of filing for bankruptcy in hopes of consolidating its immense $1.15 billion dollars’ worth of debt.

The move comes nearly eighteen months after Oprah Winfrey, a Weight Watchers investor who served as the celebrity face and body of the diet company, admitted that she had started taking weight loss drugs like Novo Nordisk’s Ozempic and Wegovy.

Just a few months after that, Winfrey announced that she was exiting WW’s board of directors and questioned the…

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Tash kisses passport goodbye as she declares bankruptcy  The West Australian

Read the original article here

BIOMILQ—a startup culturing mammary cells to produce bioactives found in breastmilk—has filed for bankruptcy amid a protracted IP dispute with the ex-husband of one of the cofounders that she says rendered the firm “uninvestable and unacquirable.”

Founded in 2020 by cell biologist Dr. Leila Strickland and food scientist Michelle Egger, North Carolina-based BIOMILQ originally planned to produce cell-cultured human milk in bioreactors full of “lactating” mammary epithelial cells. It later pivoted to using the cells as mini-biofactories to produce high-value bioactives found in breastmilk such as human milk oligosaccharides, osteopontin, and exosomes.

The firm, which has raised $24.5 million from investors…

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Why raise venture debt?


Venture debt is a loan designed for fast-growing investor-backed startups, providing them with access to non-equity capital with minimal dilution. It’s a debt financing solution ideal for venture-backed companies that have raised a Series A or a sizeable seed round of $5M+. It is often secured at the same time or soon after an equity round and is used to extend runway between equity raises.

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Since March 2025, the focus of the news release on bankruptcies has been on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. The number of businesses can fluctuate over time and differ greatly between sectors.