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- Advertisement - St. John’s, Antigua — 15 April 2025 — The Antigua and Barbuda Workers’ Union (ABWU) acknowledges the
Mansfield Building Society has reinstated its 90% loan-to-value (LTV) cap for debt consolidation cases to help borrowers seeking to remortgage
Tuition.io Lands Debt Funding from ORIX Corporation  Finovate Read the original article here
75-Unit Burger King Franchisee Declares Bankruptcy  QSR Magazine Read the original article here
Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook. Jeanswest is the latest clothing outlet to
The Interchange Health Cooperative practice in South.Point, Tuggeranong closed on Monday. Photo: Facebook. Canberra’s bulk-billing crisis has worsened with the
Veteran builder collapses with $20m debt as last-ditch rescue fails  The Australian Read the original article here
GrowthOps, the parent company of agencies including AJF Partnership, Khemistry, and APD, has entered administration and is undergoing liquidation for
Nearly one in 10 hospitality and food services businesses closed in the past year, as cost pressures force Australians to
The Cubitt’s Display Centre in Fyshwick. Eleven projects were affected in the ACT. Photo: Cubitt’s. A 30-year-old, family-owned building company
Genomic testing company 23andMe, which was known for hosting "spit parties" to collect saliva samples so customers could find out
Malawi's debt crisis deepens as aid cuts hurt  News24 Read the original article here

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St. John’s, Antigua — 15 April 2025 — The Antigua and Barbuda Workers’ Union (ABWU) acknowledges the liquidation notice for Caribbean Airport Services Ltd. (CAS), published in the 3 April 2025 edition of the Antigua and Barbuda Official Gazette

The notice requires all creditors of the company to submit their names, addresses, and particulars of their debts or claims to the court-appointed liquidator, Mr. Christopher S. Sambrano of Barbados, by 30 April 2025. 

Following the appointment of the liquidator on 11 March 2025, the ABWU promptly began taking the necessary steps to secure terminal benefits owed to workers by the company. 

In March, the Union engaged…

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Mansfield Building Society has reinstated its 90% loan-to-value (LTV) cap for debt consolidation cases to help borrowers seeking to remortgage to manage their finances more effectively.

The return to 90% LTV for debt consolidation will enable homeowners to access a greater portion of their property’s value when seeking to consolidate debts, addressing a key challenge in the current cost-of-living climate. It follows a growing recognition that mainstream lenders often exclude borrowers with more complex needs.

In a further development, gifted deposits are now accepted for credit repair cases, making it easier for families to assist relatives in securing a mortgage—even where there have been historic credit issues. This change…

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Tuition.io Lands Debt Funding from ORIX Corporation  Finovate

Read the original article here

75-Unit Burger King Franchisee Declares Bankruptcy  QSR Magazine

Read the original article here

Jeanswest store exterior

Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook.

Jeanswest is the latest clothing outlet to end its operations in Australia, after it was announced its parent company, Harbour Guidance Pty Ltd, had entered voluntary administration.

Across the Region network, stores will close in Tuggeranong, Bega, Wollongong, Albury and Griffith. Across the country, 90 outlets will shut, leaving 600 employees out of a job.

Jeanswest, which was founded in Perth in 1972, previously entered administration in 2020, when it was rescued and kept alive by Hong Kong-owned Harbour Guidance Pty Ltd.

But on Wednesday (26 March), the parent company was placed in the hands of Melbourne-based insolvency experts Pitcher Partners…

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The Interchange Health Cooperative practice in South.Point, Tuggeranong closed on Monday. Photo: Facebook.

Canberra’s bulk-billing crisis has worsened with the closure of the Interchange Health Cooperative (IHCO) practice in Tuggeranong, which had almost 5000 patients on its books.

The six-year-old 100 per cent bulk-billed general practice and allied health service at South.Point called in administrators from RSM Australia on Monday (7 April).

The move comes after the Albanese Government promised in February to spend $8.5 billion over four years to triple the incentive for GPs to provide almost universal bulk-billing services, although doubts remain that the goal of nine in 10 visits be free of out of pocket expenses can be achieved…

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Veteran builder collapses with $20m debt as last-ditch rescue fails  The Australian

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GrowthOps, the parent company of agencies including AJF Partnership, Khemistry, and APD, has entered administration and is undergoing liquidation for most of its entities.

Administrators, Katherine Sozou and Damien Pasfield of McGrathNicol, were appointed on 31 March to oversee the voluntary administration process of three business units – GrowthOps Limited, Asia-Pacific Digital (APD) and a third entity known as ACN 123287025 Pty Ltd – after directors of the company voted in favour of winding up the business.

McGrathNicol were also appointed liquidators for 19 entities on the same day, including AJF Partnership, Voodoo Creative, JTribe and 3wks. The advisory form was subsequently appointed yesterday as liquidator for a further two…

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Nearly one in 10 hospitality and food services businesses closed in the past year, as cost pressures force Australians to rein in spending.

A record-high 9.4% of food service and hospitality businesses shut their doors in the year to March, as economy-wide insolvencies surged 17% year-on-year, according to CreditorWatch data.

Six of the seven industries with the highest closure rates were dependent on discretionary spending.

Administration businesses and the arts and recreation sector both had closure rates above 6%, while retail, construction and accommodation all had higher closure rates than the 5.3% industry average.

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Opinion: Cutting the small business tax rate should be an election priorityRead the original article here

The Cubitt’s Display Centre in Fyshwick. Eleven projects were affected in the ACT. Photo: Cubitt’s.

A 30-year-old, family-owned building company has gone into liquidation, but clients will have their projects completed after the sale of parts of the business.

Cubitt’s Granny Flats and Home Extensions was formally placed into liquidation at a creditors meeting last Friday (14 June).

The reconvened second meeting of creditors of Ian Cubitt’s Classic Home Improvements Pty Ltd – formerly trading as Cubitt’s Granny Flats and Home Extensions – was held in-person and online in Sydney.

Company administrators RSM Australia said any return to creditors was uncertain, but there was good news for the 130 clients whose homes have been…

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Genomic testing company 23andMe, which was known for hosting “spit parties” to collect saliva samples so customers could find out their ancestry, has filed for bankruptcy. 

It comes after years of struggling to make a profitable business model and a reputational hit from a massive data breach in 2023. 

Now the company’s assets are set to be sold off, there are fears about what this means for customers’ data. 

Will people’s data be sold?

It sounds like it. 

The company plans to “sell substantially all of its assets” if its bankruptcy filing is approved by a court, 23andMe said in a statement

“The privacy statement reserves the company’s right to transfer customers’ personal information in the event of a sale or bankruptcy,” Harvard law…

Read the original article here

Malawi’s debt crisis deepens as aid cuts hurt  News24

Read the original article here