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.
STATEN ISLAND, N.Y. -- Liquidation sales have begun at the Forever 21 store in the Staten Island Mall, with signage
Date published: 5 March 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director
‘We’re devastated’: Couple caught up in collapse of company  The Press Read the original article here
Single frustrated student girl trying to understand notes sitting in a bargetty Student Loan Delinquency Rates Double As Payments Resume
A variety of support is available if you're struggling to afford your rent payments11:55, 07 Mar 2025Updated 11:58, 07 Mar
Thousands of concertgoers have been left out of pocket after the company behind Juicy Fest and the Timeless Summer Tour
Digital Classifieds Group (DCG), the Australian company that bought proptech firm Lamudi Indonesia in 2023, has entered into ‘External Administration’
When Dan Bilzerian posted a video of himself wake surfing off a megayacht along Italy’s Amalfi Coast, he offered some
Advice Direct Scotland, which runs the free moneyadvice.scot service, has reported a surge in people seeking help after falling into
Electric air mobility start-up Volocopter has made the majority of its workforce redundant.The Baden-Württemberg-based  company began insolvency proceedings in late
In an interview with Vatican News, Eric LeCompte, Director of Jubilee USA Network, explains how Pope Francis' call for debt
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STATEN ISLAND, N.Y. — Liquidation sales have begun at the Forever 21 store in the Staten Island Mall, with signage indicating that all merchandise is reduced by 20% to 50%, as the New Springville store is among 200 locations that will soon be shuttered.

PIX11 first reported the Staten Island closure last week, indicating that a total of 36 Forever 21 stores in the New York/New Jersey area are on the chopping block. Locations in Brooklyn and Manhattan, and the New Jersey stores in Woodbridge, Menlo Park and Freehold all made the list.

An employee who answered the phone at the Staten Island store confirmed the closure, but said they were unsure of the timeline, explaining that the location “could be open for about another two months,…

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Date published:

The undertaking was received for six years from James Deery (45) of Nutts Corner Road, Crumlin, in respect of his conduct as director of Stacks Group Limited.

The Company was involved in unlicensed restaurants and cafes with a registered office at 28a Mallusk Road, Newtownabbey, BT36 4PP. The Company went into liquidation on 17 February 2022 with an estimated deficiency as regards creditors of £131,708.33. There was a total of £5…

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‘We’re devastated’: Couple caught up in collapse of company  The Press

Read the original article here

Student Loan Delinquency Rates Double As Payments Resume

After the three-year pandemic pause and resumption of federal student loan repayments, delinquency rates have doubled in just a few months, according to Education Department data obtained by The Washington Post. Millions of borrowers are struggling to keep up with their monthly bills now that payments are required again.

Roughly 4 million federal student loan borrowers are already behind on payments, a sharp spike in distress that has alarmed policymakers and advocates. The Post reports that the proportion of borrowers missing payments is roughly twice the pre-restart level, illustrating the rocky…

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A variety of support is available if you’re struggling to afford your rent payments

Woman reading letter while on phone
You could receive extra help if you’re in debt with your landlord(Image: Getty Images)

You could receive extra financial help to settle your rent debts from benefit payments. The Department for Work and Pensions (DWP) allows Universal Credit claimants to receive an extra amount to support housing, which can be paid directly to a landlord. However, this extra payment is not automatic and claimants must take the steps to receive the support themselves.

Claimants could also receive extra support with rent, depending on the size of their household, their age, and where they live. If you are under a lot of pressure…

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Thousands of concertgoers have been left out of pocket after the company behind Juicy Fest and the Timeless Summer Tour collapsed into liquidation.

Chris Lynch Media first revealed the scale of the fallout, with frustrated ticket holders still searching for answers as the companies behind the events remain silent.

According to the Companies Office website, Juicy Festival Limited was officially placed into liquidation on Friday.

Boy George, Little River Band, Bonnie Tyler and Starship featuring Mickey Thomas were the headline acts for the Timeless Summer Tour, which was due to take place in Christchurch, Napier, New Plymouth, Tauranga and Auckland between January 11-19.

Benjamin Frances of Blacklock Rose has been appointed liquidator for…

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Digital Classifieds Group (DCG), the Australian company that bought proptech firm Lamudi Indonesia in 2023, has entered into ‘External Administration’ or ‘Controllership’, according to a filing to the Australian Securities & Investments Commission, seen by DealStreetAsia.

The firm has appointed Daniel Peter Juratowitch, CEO of the advisory and restructuring firm Cor Cordis, as its ‘administrator’ and ‘controller’, according to the document.

The move signals financial difficulties and the administrator will help the company manage its challenges.

Voluntary administration is a legal process wherein a company that’s in financial trouble voluntarily appoints an independent administrator to help restructure its debt or…

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When Dan Bilzerian posted a video of himself wake surfing off a megayacht along Italy’s Amalfi Coast, he offered some guidance.

“Someone asked me the other day what advice I’d give to a 20 yr old and my answer was, try everything,” the Las Vegas social-media celebrity wrote last year.

A few months later, behind the scenes of his macho persona, Bilzerian did something that contradicted the wealthy, freewheeling and successful image he has long tried to cultivate: A holding company he owns filed for bankruptcy.

The bankruptcy case, which hasn’t been reported in the news yet, provides an inside look at the business of being Bilzerian — the so-called King of Instagram who lives in Las Vegas, displays a famously over-the-top…

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Advice Direct Scotland, which runs the free moneyadvice.scot service, has reported a surge in people seeking help after falling into arrears.

The charity expects even more people to come forward as councils across Scotland confirm tax hikes from April, putting further pressure on families.

With most councils approving higher rates, bills will soon start landing in letterboxes and inboxes across the country.

In recent months, Advice Direct Scotland has helped people manage council tax debts ranging from £1500 to £3000.

The charity also supported one person who faced a £15,000 arrears bill that had built up over six years.

Another case involved a mother whose wages were arrested to pay off a £1800 council tax…

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Electric air mobility start-up Volocopter has made the majority of its workforce redundant.

The Baden-Württemberg-based  company began insolvency proceedings in late December 2024, but the company’s management at the time were confident of finding new investors.

READ: Volocopter files for insolvency, Investors sought

Unfortunately, time and money has run out. German media has reported that 450 staff members have been laid off, with effect from March 3rd. A local court has confirmed that it will start the process whereby creditors can bring claims against the company.

Administrators for the company say that they have not ruled out the possibility of getting new investors for the organisation, which as one of the earliest entrants in the…

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In an interview with Vatican News, Eric LeCompte, Director of Jubilee USA Network, explains how Pope Francis’ call for debt relief is being manifested in more than 160 countries and is having a global impact.

By Deborah Castellano Lubov

In more than 160 countries, Pope Francis’ call for debt relief is becoming manifest, says Eric LeCompte, the Executive Director of Jubilee USA Network, a development coalition of more than 750 religious groups and organizations around the world, in an interview with Vatican News.

The coalition, which includes Pope Saint John Paul II among its founders, frequently advises the Catholic Church and Bishops’ Conferences around the world on implementing the Church’s vision for the Church on…

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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….

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