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.
Open this photo in gallery:Hudson’s Bay in Richmond Centre in Richmond, B.C., on March 27. Hudson’s Bay Company announced on
Payment plans and breaks, debt support, up to 70 per cent off bills, as well as support if you’re a
Council tax debt is a frequent issue that people bring to the Citizens Advice Bureau (CAB) each year. It’s the
Northvolt goes bankrupt as Europe releases Automotive Action Plan  Smart Energy International Read the original article here
Kremlin Critic Boris Nadezhdin Declared Bankrupt by Russian Court  MSN Read the original article here
Saturday, 5 April 2025 10:55 The multimillionaire head of a former trust company that went into liquidation could be declared
EaseMyTrip CEO Nishant Pitti Eyes Go First Assets  Aviation A2Z Read the original article here
This page provides information for creditors, employees and affected parties in relation to the Libelle Group Liquidation. Background information
The death of a man with disability in NDIS-supported housing last month has sparked a police investigation and renewed calls
News Photo by Reagan Voetberg Cole Veeren explains the idea behind buying pallets and talks about the pallets on display.
Undue Medical Debt is retiring $30 billion in unpaid medical bills for 20 million people. (DNY59/Getty Images | E+) Underscoring
Rite Aid Mulls Filing for Bankruptcy If It Misses Debt Targets  Bloomberg Read the original article here

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Hudson’s Bay in Richmond Centre in Richmond, B.C., on March 27. Hudson’s Bay Company announced on March 21 that all but six of its locations across Canada would be liquidated after the company filed for credit protection.Isabella Falsetti/The Globe and Mail

After the 2017 liquidation of Sears Canada Inc., thousands of retirees’ pensions were slashed because the company’s pension plan was underfunded. That case helped push for stronger legal protections, and in 2023, a federal bill was passed to prioritize pensioners in bankruptcies.

But the protections under Bill C-228, which takes effect in 2027, don’t cover all pensions. Some retirement plans are still unregulated and unprotected, leaving retirees…

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Payment plans and breaks, debt support, up to 70 per cent off bills, as well as support if you’re a single occupier, or have a large family or medical condition that requires water usage – are some of what the company offers it’s 4.6m customers.

It’s encouraging its people to also make family, friends and others aware of the support – as it’s committed to having no one worry about paying their water bill.

Mark Grice, Severn Trent External Relations Manager said: “If people need help with their water bill, then we’re clear we’re here to help. My team are out and about every single day committed to meeting people in local communities and helping make things that little bit more manageable. We know that life is ever…

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Council tax debt is a frequent issue that people bring to the Citizens Advice Bureau (CAB) each year. It’s the most common type of debt advice we provide across the Citizens Advice Scotland (CAS) network and has been for more than a decade. Our advisers treat this as a priority debt, due to the speed and scale of debt recovery. And as council tax debt is usually accompanied by other debts, it is often a red flag about wider financial difficulties.

It’s an issue that impacts both council taxpayers and councils alike. The process to recover arrears can put people in a worse financial position and the council can lose much-needed income. Councils can also find themselves spending money chasing arrears that have little or no…

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Northvolt goes bankrupt as Europe releases Automotive Action Plan  Smart Energy International

Read the original article here

Kremlin Critic Boris Nadezhdin Declared Bankrupt by Russian Court  MSN

Read the original article here

Saturday, 5 April 2025 10:55


The multimillionaire head of a former trust company that went into liquidation could be declared bankrupt this summer.

Edward Watkin Gittins was managing director and owner of Montpelier (Trust and Corporate) Services, which was wound up in 2020 after being accused of diverting millions of pounds of client money.

Last September, he told a court he owed almost a million pounds to royal Bank of Scotland, more than £20,000 to Manx Utilities, £180,000 in income tax…

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EaseMyTrip CEO Nishant Pitti Eyes Go First Assets  Aviation A2Z

Read the original article here

This page provides information for creditors, employees and affected parties in relation to the Libelle Group Liquidation.

Background information


Libelle Group was placed into Liquidation on March 11, 2025 by the shareholders of the company.

Robert Campbell and David Webb of Deloitte New Zealand have been appointed as Liquidators.

Libelle Group is a food service provider, offering a range of services including government funded lunches, residential catering, tuckshop solutions and school catering services for the past 20 years. Its contracts span the education sector.

Libelle Group is contracted by Compass Group New Zealand Limited (Compass) to deliver approximately 125,000 meals daily as part of the Government’s…

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The death of a man with disability in NDIS-supported housing last month has sparked a police investigation and renewed calls for mandatory provider registration.

The ABC can reveal a 42-year-old man died suddenly at a housing facility in the suburb of Acacia Ridge in Brisbane on March 14.

The facility was run by a company called Core and Capacity, which was not formally registered with the NDIS, and so was not subject to the same oversight or regulation as providers that have registered.

Public documents from the corporate regulator, the Australian Securities and Investments Commission (ASIC), show the company was forced into liquidation by the Australian Tax Office (ATO).

An application for the winding up of the company was lodged late…

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News Photo by Reagan Voetberg
Cole Veeren explains the idea behind buying pallets and talks about the pallets on display.

ALPENA — At the beginning of this year, Cole Veeren started a business venture with his family that many may wonder at — pallet liquidation.

Veeren buys truckloads of pallets. The pallets are typically made up of overstocked or returned items from retail chains like Amazon, Target, and Dollar General. Each pallet is about five to six feet tall and around three feet long and wide, although sizes can vary depending on where the pallet comes from.

Veeren organizes the pallets in his warehouse and resells them to customers.

Veeren’s business is called Mitten Liquidation. He runs it with the help of his mom, Alex…

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Undue Medical Debt is retiring $30 billion in unpaid medical bills for 20 million people.
Undue Medical Debt is retiring $30 billion in unpaid medical bills for 20 million people. (DNY59/Getty Images | E+)

Underscoring the massive scale of America’s medical debt problem, a nonprofit has struck a deal to pay off old medical bills for an estimated 20 million people.

New York-based Undue Medical Debt, which buys patient debt, is paying off $30 billion worth of unpaid bills in a single transaction with Pendrick Capital Partners, a Virginia-based debt trading company. The average patient debt being retired is $1,100, according to Undue Medical Debt, with some reaching the hundreds of thousands of dollars.

The deal will prevent the debt being sold and protect millions of people nationwide from being targeted by…

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Rite Aid Mulls Filing for Bankruptcy If It Misses Debt Targets  Bloomberg

Read the original article here