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.
Go to ASIC
Dry lining boss sentenced after mystery account moves
Mario Huiu’s failure to keep proper accounting records for Incentive Services Limited meant liquidators were also unable to verify cash
IBC Sees Highest-Ever Recovery in FY25 but Resolution Delays and Haircuts Remain a Drag: ICRA – Moneylife
IBC Sees Highest-Ever Recovery in FY25 but Resolution Delays and Haircuts Remain a Drag: ICRA  Moneylife Read the original article here
‘I feel so helpless’: Woman left $2000 out of pocket as appliance store shuts
The first home buyer lost $2088 when the business she was buying whiteware from went into liquidation. File photo. Photo:
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation – Tradewinds News
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation  Tradewinds News Read the original article here
Drake reveals a whopping $8 million in sports gambling losses
Key Takeaways:TrendingDrake admitted to losing over $8 million gambling in just one month.He followed that loss with an $800K bet
UK Supreme Court clarifies scope of fraudulent trading liability | Restructuring touchpoint | Global law firm
The recent Supreme Court decision in Bilta (UK) Ltd (in liquidation) & others v Tradition Financial Services Ltd, provides important
Drake Shared The Exact Amount Of Money He’s Lost From Gambling In The Past Month, And People Are Literally Mind-Blown
A quick scroll down Drake’s Instagram page will tell you two things: the man enjoys selfies and gambling. Mark Blinch
SMEs urged to diversify client base as insolvency fears surge
A recent study has revealed that nearly a fifth (17 per cent) of Australian SMEs would collapse if they lost
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation – Tradewinds News
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation  Tradewinds News Read the original article here
Ministry of SMEs invests 1 trillion won to support debt relief and AI growth – Chosun Biz
Ministry of SMEs invests 1 trillion won to support debt relief and AI growth  Chosun Biz Read the original article here
MWave enters administration – ARN
While the amount wasn’t revealed, Anacacia indicated it stemmed from its $300 million Private Equity III LP fund. It also
Will Esoteric come back? Music festival enters voluntary administration – Bendigo Advertiser
Will Esoteric come back? Music festival enters voluntary administration  Bendigo Advertiser Read the original article here