Insolvency Guardian Media Centre
Germany is experiencing its highest rate of company bankruptcies since 2014, with Creditreform Economic Research projecting around 23,900 insolvencies by the end of 2025. The increase reflects an 8.3 percent rise compared with last year, continuing a trend that saw bankruptcies climb more than 22 percent in both 2022 and 2023.
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Furniture manufacturers, interior design firms, and smaller décor companies are among those hit hardest. Many medium-sized enterprises are heavily indebted and face challenges securing new loans, while micro-enterprises, often employing fewer than ten staff, account for over…
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‘Heaviest of hearts’: Aussie truck business enters voluntary administration Sky News Australia
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One man, buried under $20,000 in online gambling debt, became homeless. A woman lost $13,000 and missed her last five mortgage payments. A mother gambled away her son’s college tuition, piling up over $100,000 in debt.
Such dire stories — shared with gambling helplines in Pennsylvania and New Jersey in recent years — are on the rise. And for the growing number of people, the problem isn’t the casino, but the apps on their phones that let them gamble anywhere, 24/7.
“My family is hosting fundraisers for my son who had a stroke, and here I am, gambling on my phone,” one caller said. “What’s wrong with me?”
The Philadelphia media market — which encompasses the city, southeastern Pa., central and southern New Jersey —…
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Australian jewellery retailer Secrets Shhh has been placed into administration, with a sales process underway in order to find a potential buyer.
Kate Warwick, Kelly Trenfield and John Park of FTI Consulting were appointed as joint and several administrators of the retailer’s parent company, Secrets International Pty Ltd, on Wednesday.
Secrets International and its other subsidiaries – including Secrets Wholesale, Secrets Shhh Leasing, Secrets Shhh Franchising, Secrets Shhh Retail Leasing, Secrets Online, Simudia and Secrets Leasing – are all subject to the voluntary administration.
Secrets Shhh is known for its affordable jewellery range as an alternative to luxury items – selling sustainably-sourced, laboratory grown and…
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Auckland developer Chenyang Wei put into receivership owing over $10m BusinessDesk | NZ
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The Cambodian Microfinance Association (CMA) and the Association of Banks in Cambodia (ABC) are continuing to help people affected by border clashes. Photo: Isa Rohany
PHNOM PENH – The Cambodian Microfinance Association (CMA) and the Association of Banks in Cambodia (ABC) are continuing to help people affected by border clashes.
They confirmed on December 10 they are implementing measures to ease the burden on affected communities.
The conflict has disrupted the lives and livelihoods of thousands in several provinces. To address this, the…
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A plan by Scott Pendlebury’s former manager Jason Sourasis to build a sporting and entertainment complex on Melbourne’s western fringe appears to be in tatters.
Liquidators are expected to be appointed to the project, known as the Western Melbourne Group (WMG), and A-League club Western United as soon as Thursday.
The move will be a blow for Pendlebury and dozens of other investors…
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Liquidators move on company run by AFL star Pendlebury’s former manager WAtoday
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Australian gym chain collapses into administration MSN
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Gurobal Games begins liquidation as employees allege forced resignations – CHOSUNBIZ Chosunbiz
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Uzbekistan fintech Humans declared bankrupt, liquidation ordered at Octobank’s request IntelliNews