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.
Increasing costs and uncertainty are continuing to drive corporate insolvencies, the Wales Chair of insolvency and restructuring trade body R3
A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month,
As we’ve seen across various other social media websites in the past, users need to be aware of ongoing scam
Yurtel Limited told customers the company is "unable to fulfil any ticket and accommodation bookings" for Glastonbury12:45, 22 May 2025Updated
Business failures on the rise in England and Wales  business-live.co.uk Read the original article here
WBEZ News This Chicagoan is losing hope for student debt relief under Trump Chicagoans with student debt are feeling whiplash
Sign up to Simon Calder’s free travel email for expert advice and money-saving discountsGet Simon Calder’s Travel emailGet Simon Calder’s
Crowe Ireland has noted a significant number of distressed companies seeking advice as to whether the Small Company Administrative Rescue
VAILO is in liquidation. Image: InSyde Media According to a report in the Adelaide Advertiser, VAILO – which went into
Glastonbury Festival said Yurtel was one of a small number of campsites local to Worthy Farm with limited access to
Medical debt being canceled for 100K CT residents. Here's how it works  Stamford Advocate Read the original article here
Over the last 12 months, Katie Price has been embroiled in ongoing drama over her bankruptcy, undergone a whole host

Increasing costs and uncertainty are continuing to drive corporate insolvencies, the Wales Chair of insolvency and restructuring trade body R3 has said.

Corporate insolvencies in England and Wales increased by 2.9% in April 2025 to a total of 2,053 compared to March 2025’s total of 1,996, and decreased by 5.1% compared to April 2024’s total of 2,163. Corporate insolvencies increased by 13.2% from April 2023’s total of 1,813.

Personal insolvencies in England and Wales increased by 7.9% in April 2025 to a total of 10,012 compared to March 2025’s total of 9,282, and increased by 4.4% compared to April 2024’s total of 9,586.

Personal insolvencies increased by 8.2% compared to April 2023’s total of 9,252.

Bethan Evans, Wales Chair of R3, the…

Read the original article here

A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden on travel intermediaries.

Air Belgium, a cargo airline that used to run passenger flights, has been taken over by a shipping company after the company fell into financial hardship and was liquidated.

The airline announced on 30 April that a business court has approved CMA CGM group, which has deals in sea, land and air logistics, to take over the airline’s cargo operations.

As a result, the airline was placed into liquidation by the same court that approved the takeover.

CMA CGM will continue to focus Air Belgium’s activities on air freight,…

Read the original article here

As we’ve seen across various other social media websites in the past, users need to be aware of ongoing scam trends, and the latest on Facebook and Instagram is targeting people looking for debt relief.

The Harris and Partners law firm claims it has seen a massive increase in people affected by this scam. The firm mentions that the fake ads usually mention “Government-backed relief” or promises to “write off debt.” These types of online scams have been going on for years, and the Government of Canada even issued a warning about them in 2023. The Canada Revenue Agency has also posted warnings about these scams this year.

Typically, once people get involved with these scams, they’re charged thousands in fake fees for…

Read the original article here

Yurtel Limited told customers the company is “unable to fulfil any ticket and accommodation bookings” for Glastonbury

Glastonbury Festival. File picture
Glastonbury Festival. File picture(Image: PA/Yui Mok)

A Glastonbury glamping company has “ceased trading” in an email to customers. Yurtel, a luxury glamping accommodation and hospitality, has informed customers it has “ceased normal trading operations” as of May 8 this year.

In the email to customers, Yurtel Limited said: “Yurtel provided luxury glamping accommodation and hospitality facilities to festival goers.

“It ceased normal trading operations on 8 May 2025 due to insolvency and will commence formal liquidation shortly. It cannot fulfil its future obligations to customers.”

Read the original article here

Business failures on the rise in England and Wales  business-live.co.uk

Read the original article here

WBEZ News

This Chicagoan is losing hope for student debt relief under Trump

Chicagoans with student debt are feeling whiplash and extreme confusion under President Donald Trump, who has called previous efforts to ease the burden of student debt “illegal” — and is closing pathways to affordable repayment and cancellation. WBEZ’s Lisa Kurian Philip has the story of a longtime resident of Little Village who is…

Read the original article here

A travel agency group is calling for EU law to be changed after a Belgian airline was liquidated last month, leaving “thousands unlikely to receive refunds”, and putting the financial burden on travel intermediaries.

Air Belgium, a cargo airline that used to run passenger flights, has been taken over by a shipping company after the company fell into financial hardship and was liquidated.

The airline announced on 30 April that a business court has approved CMA CGM group, which has deals in sea, land and air logistics, to take over the airline’s cargo operations.

As a result, the…

Read the original article here

Crowe Ireland has noted a significant number of distressed companies seeking advice as to whether the Small Company Administrative Rescue Process (Scarp) could be used to reduce their liabilities and resize their balance sheet, so the restructured operation can become a going concern again.

“We adopt an approach where we will quickly establish from consultation with Revenue whether it will participate in the Scarp, which writes down a significant portion of the Revenue liabilities, or whether Revenue wishes to opt out,” Declan Hanly, director of corporate restructuring at the firm, explains.

“We find that if Revenue indicates that it will not be part of the process, company directors and shareholders quickly decide that…

Read the original article here

According to a report in the Adelaide Advertiser, VAILO – which went into receivership back in March – now has Liquidator Robert Hutson of KordaMentha seeking debts owed to parties, while a seperate Supreme Court wind up order has been made with Robert Ferguson from Ferguson Hannam.

This is the latest twist in an ongoing saga regarding VAILO and founder Aaron Hickmann that stretches back to a raid on the VAILO offices by Australian Federal Police and the Australian Tax Office last year.

Hickmann has consistently denied any wrongdoing and no charges were laid against him.

Even now remains…

Read the original article here

Glastonbury Festival said Yurtel was one of a small number of campsites local to Worthy Farm with limited access to purchase hospitality tickets for their guests in certain circumstances.

“As such we have no records of their bookings and are unable to take any responsibility for the services and the facilities they offer,” the festival said.

However, the festival said Yurtel had not paid or secured any tickets for the 2025 festival prior to entering into liquidation.

“Anyone who has paid Yurtel for a package including Glastonbury 2025 tickets will need to pursue any potential recompense available from them via the liquidation process as outlined in their communication to you. We are not able to incur the cost or responsibility of their…

Read the original article here

Medical debt being canceled for 100K CT residents. Here’s how it works  Stamford Advocate

Read the original article here

Over the last 12 months, Katie Price has been embroiled in ongoing drama over her bankruptcy, undergone a whole host of cosmetic procedures – and her romance with JJ Slater has been plagued by rumours

Katie Price
Katie’s last year has been a whirlwind(Image: Instagram)

The last year has seen Katie Price, 47, go through some major challenges, as her bankruptcy dramas dominated the headlines – and her life – for the last 12 months. In March 2024, she was officially declared bankrupt because of an unpaid tax bill of a whopping £750,000, marking the second time the OnlyFans star had faced bankruptcy.

The former Page Three girl, who went by the nickname Jordan back in her heyday, is celebrating her 47th…

Read the original article here