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.
Number of people in Ashfield declared financially insolvent rose in the last year  Mansfield and Ashfield Chad Read the original article
Another day has come to an end, and GPblog, as always, has more news from the F1 world to share!
Formerly bankrupt retail healthcare chain may go bankrupt again  TheStreet Read the original article here
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Distribution company Hop And Vine, and an associated entity ABV Beverages, have both been put into liquidation. Christchurch-based beer, wine
A webinar for HR and county leadership looking for ways to engage county employeesDid you know that over 9 million
City of Tshwane extends debt-relief scheme deadline to May 31  MSN Read the original article here
A judge overseeing Redbox owner Chicken Soup for the Soul Entertainment’s bankruptcy case granted a request Wednesday to convert it
Lithuanian fintech firm Kevin, which previously raised over $65 million from major investors like Accel and Eurazeo, has been declared
Former Putin challenger is declared bankrupt by Russian court | 1450 AM 99.7 FM WHTC | Holland
Sierra Leone has implemented Meridian, an advanced Commonwealth Secretariat software, to better manage its public debt portfolio. This upgrade will
The world is in debt. From developed economies to developing ones, public debt has reached a historic level—and along with

Number of people in Ashfield declared financially insolvent rose in the last year  Mansfield and Ashfield Chad

Read the original article here

Another day has come to an end, and GPblog, as always, has more news from the F1 world to share! Christian Horner admits that he was frustrated with the Brazilian Grand Prix race director Niels Wittich after an ‘unsafe’ call, a key Mercedes supplier files for bankruptcy and Guenther Steiner tells a GPblog a story about former Haas driver Nikita Mazepin.

Horner was left frustrated by the race director:

Red Bull team principal Christian Horner believes that he was surprised the Grand Prix was not stopped earlier because of the weather. During the race, there were incidents, and as the weather situation got worse, the safety car was called out. At one point, in terms of rain, it got to a point where it was no longer possible to race, so the…

Read the original article here

Formerly bankrupt retail healthcare chain may go bankrupt again  TheStreet

Read the original article here

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

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Distribution company Hop And Vine, and an associated entity ABV Beverages, have both been put into liquidation.

Christchurch-based beer, wine and cider distributor Hop and Vine, owned by Terry and Carol Mitchell, was placed into liquidation on April 2 after more than 25 years in business.

ABV Beverages, jointly owned by Hop And Vine and Auckland-based Beer Fridge, which launched in September 2024, was placed into liquidation on the same day.

According to Brenton Hunt’s liquidator’s report, the reasons for insolvency of the businesses include:

  • With a difficult trading environment since its inception, the company(s) struggled with working capital.
  • A number of key brands which were targeted to…

Read the original article here

A webinar for HR and county leadership looking for ways to engage county employees

Did you know that over 9 million public service workers, including full-time county employees, are eligible for student debt forgiveness through the Public Service Loan Forgiveness program? Yet, fewer than 2% have received relief, and only 15% have submitted the required forms to access this benefit

The real question is: Are they aware of it? Are they maximizing their student debt forgiveness?

Please join us as we speak with student debt forgiveness expert Tony Raffa, who will clear up much of the confusion over:

  • Executive orders and what they mean for employees

  • Changes in the Department of Education and its impact

  • Current student debt relief programs and…

Read the original article here

City of Tshwane extends debt-relief scheme deadline to May 31  MSN

Read the original article here

A judge overseeing Redbox owner Chicken Soup for the Soul Entertainment’s bankruptcy case granted a request Wednesday to convert it from Chapter 11 to Chapter 7 bankruptcy, according to Lowpass’ Janko Roettgers and The Wall Street Journal. The company’s lawyers said Chicken Soup for the Soul Entertainment will lay off its remaining 1,000 employees and liquidate the businesses, including streaming operations and the 24,000 or so disc kiosks that have rented out DVDs, Blu-rays, and videogames for years.

According to Roettgers, Judge Thomas Horan said, “There is no means to continue to pay employees, pay any bills, otherwise finance this case. It is hopelessly insolvent… Given the fact that there may also be at least the…

Read the original article here

Lithuanian fintech firm Kevin, which previously raised over $65 million from major investors like Accel and Eurazeo, has been declared insolvent by the Vilnius District Court, with IS Group designated as the insolvency manager, Sifted reports.

  • According to Lina Nemeikaitė, assistant to the chairman of the Vilnius District Court, the court determined that the defendant is currently insolvent and unable to meet the financial responsibilities promptly. 

  • She further stated that the court has now opened a bankruptcy case and selected IS Group as the bankruptcy administrator.

  • Accel and Eurazeo are the company’s main investors, having backed Kevin during its $65 million…

Read the original article here


Former Putin challenger is declared bankrupt by Russian court | 1450 AM 99.7 FM WHTC | Holland





































Read the original article here

Sierra Leone has implemented Meridian, an advanced Commonwealth Secretariat software, to better manage its public debt portfolio.

This upgrade will enable the government to track loans and repayments in real time, improving financial transparency and decision-making.

At the government’s request, the Secretariat held a hands-on workshop in Freetown from 17 to 28 February 2025, bringing together 30 debt officers from the Finance Ministry, Central Bank and Accountant General’s Office.

Funded by the African Development Bank, the workshop helped participants transfer debt data to the new software and gain essential skills in recording, analysing and managing different types of loans.

The workshop also…

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The world is in debt. From developed economies to developing ones, public debt has reached a historic level—and along with it, the burden of servicing these loans. In 2024, the US, for the first time, spent more on debt servicing than on the military. The UK is in a situation popularly termed a “debt death spiral”. At the World Economic Forum held in January in Davos, Switzerland, Zimbabwean Finance Minister Mthuli Ncube spoke of his country’s debt crisis: “We’ve even got a tax now on fast food. If you’re buying tacos or pizza or something, you pay an extra fee.” He was referring to the extreme measures the government is taking to service its high debt levels.

Gita Gopinath, deputy chief of the International Monetary…

Read the original article here