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.
Introduction: A new dawn for corporate insolvency? The Insolvency and Bankruptcy Board of India (IBBI), through its Notification No. IBBI/2024-25/GN/REG1221
Sydney Beer Co has joined the list of Australian breweries to be put into voluntary administration, just months after expanding into the United States.
The brewery, co-owned by former Australian fast bowler Brett Lee and acclaimed writer and actor Matt Nable, had recently raised over $6m to fund its expansion into the US.
RSM Australian partners Richard Stone and Brett Lord have been appointed administrators of the company, with the creditors meeting held last night.
RSM said that it plans to investigate what went wrong with Sydney Beer Co, and while that investigation is underway the administrators said it was in the very early stages.
Sydney Beer Co launched in 2016, with the intention of brewing “Sydney’s…
The liquidation of Kester Black Ltd — the New Zealand business of the cosmetic and skincare brand started by Wānaka woman Anna Ross — has been completed.
In July last year, the Australian-registered arm of the business, Kester Black Pty, entered voluntary administration, while the New Zealand business was put into liquidation the following month, with Kester Black Pty the sole shareholder.
It caused outrage from investors, upset about how financial problems had been handled, and Kester Black founder Anna Ross received abuse and death threats, her partner Fergus Sully said last year.
The stock, intellectual property (IP), and goodwill of Kester Black Pty were sold to New New New Pty Ltd, a company owned by Mr Sully, who said…
Story by Astrid R.N. Haas, Research associate at African Centre for Cities, University of Cape Town
Wealthy nations fuelled their industrial growth and urbanisation by burning fossil fuels. This was the biggest cause of climate change, which now affects every country in the world, even developing countries in sub-Saharan Africa, which are responsible for less than 4% of global greenhouse gas emissions. Wealthy nations owe a climate debt.
The past few years have been rocky for student loan borrowers, with loan forgiveness options announced and taken away at a whiplash speed. And it’s not likely to get easier anytime soon.
Many borrowers are already beginning to face the consequences. This week, the Federal Reserve estimated that more than 15% of all student loan borrowers are behind on their debt after a pandemic-era grace period ended. Late student loan payments could damage borrowers’ credit scores.
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Borrowers enrolled in the Saving on a Valuable Education plan have been left in limbo for months amid challenges to the repayment program, which…
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Introduction: A new dawn for corporate insolvency?
The Insolvency and Bankruptcy Board of India (IBBI), through its Notification No. IBBI/2024-25/GN/REG1221 dated 3-2-2025, has unveiled a suite of amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 20162. Effective from 3-2-2025, these reforms aim to inject transparency, efficiency, and sector-specific clarity into insolvency proceedings, particularly in the real estate sector — a domain historically plagued by delays, unfinished projects, and distressed homebuyers. The latest overhaul enhances creditor protection, fosters structured participation, and brings regulatory oversight into sharper focus. But does…
Bankruptcy is a way to get a fresh financial start (as an individual or business) if you can’t repay your debts. Typically, this requires filing a petition with a bankruptcy court. From there, a judge decides whether you must liquidate any of your assets or if the debt can be restructured to satisfy as much of your obligation as possible.
Key Takeaways
Bankruptcy offers a legal path to debt relief, but that comes with lasting financial consequences, including credit damage and a potential loss of assets.
The type of bankruptcy you qualify for determines whether your debts are either discharged or restructured and repaid over time.
Before filing for bankruptcy, consider alternatives like negotiating with…
