Insolvency Guardian Media Centre

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February 3, 2025 | By Mike Pieciak As Vermont’s Treasurer, I am committed to making investments that lower costs, strengthen our
If you’ve ever dealt with an account in collections, you know how miserable an experience it can be. Debt collection
Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors  MSN Read the original article
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Award winning restaurant goes into liquidation  Stuff Read the original article here
Russia Faces Surge in Corporate Bankruptcy, Experts Warn  MSN Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to improve the liquidation process, including streamlined auctions, enhanced
New Delhi, Feb 3 (PTI) The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction
(Bloomberg) -- Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading
Publicity blamed as businessman made bankrupt over unpaid $400k  The Press Read the original article here
Aberdeen restaurant goes into liquidation  The Post Read the original article here
Zedify, the UK’s largest electric freight bike delivery network, has gone into administration, resulting in the loss of over 100

February 3, 2025  |  By Mike Pieciak 

As Vermont’s Treasurer, I am committed to making investments that lower costs, strengthen our economy, and support healthier communities. I believe every Vermonter deserves a fair shot at success,  regardless of the situation they are born into. 

Yet, for too many Vermonters, the cost of health care stands in the way of investing in their future.  Vermont has some of the highest health care costs in the country, forcing Vermonters to either forgo necessary treatment or be burdened with medical debt through no fault of their own.  

We’re all just one health crisis away from being hit with medical debt, and that debt can linger for years,  dragging down credit scores and making it more…

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If you’ve ever dealt with an account in collections, you know how miserable an experience it can be. Debt collection agencies really go after you.

But what if I told you it was possible to pay them half of what they ask and have the account removed from your credit reports?

I haven’t always been a credit card expert. Like most people, I’ve made mistakes and had to learn lessons the hard way.

I did truly terrible things to my credit when I was younger. When debt on my credit card was sold to collections, I didn’t really know what it meant or what to do. Luckily, the solution was so easy that it almost felt like a trick.

And I’m going to tell you about this trick. Here’s how I ended up with a debt…

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Solar 21 subsidiary could be declared insolvent before central asset is sold to pay off investors  MSN

Read the original article here


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Reference #18.c9b42e17.1738602463.1ffecfdc

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Award winning restaurant goes into liquidation  Stuff

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Russia Faces Surge in Corporate Bankruptcy, Experts Warn  MSN

Read the original article here

The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to improve the liquidation process, including streamlined auctions, enhanced reporting, and improved fund management.

New Delhi, Feb 3 (PTI) The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management.

The amendments, notified on January 28, 2025, with immediate effect, modify the Insolvency and Bankruptcy Board of India (Liquidation Process) regulations, 2016, and the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) rules, 2017, according to release.

These measures will strengthen transparency, efficiency, and…

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New Delhi, Feb 3 (PTI) The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management.

The amendments, notified on January 28, 2025, with immediate effect, modify the Insolvency and Bankruptcy Board of India (Liquidation Process) regulations, 2016, and the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) rules, 2017, according to release.

These measures will strengthen transparency, efficiency, and accountability in the insolvency framework.

Under the revised framework, the prospective bidders in the liquidation auction…

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(Bloomberg) — Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. 

The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the  government gazette showed. The younger Lims were both directors at the company. 

Leow Quek Shiong and Seah Roh Lin of BDO Advisory Pte. Ltd. are the trustees, according to the gazette.

At its peak, Hin Leong traded a range of oil products, made lubricants and operated loading terminals and storage facilities. But the downfall of the man widely known as OK Lim came in 2020, as Covid—19 sent oil prices into freefall. 

Hin Leong was…

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Publicity blamed as businessman made bankrupt over unpaid $400k  The Press

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Aberdeen restaurant goes into liquidation  The Post

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Zedify, the UK’s largest electric freight bike delivery network, has gone into administration, resulting in the loss of over 100 jobs.

Zedify, founded in 2015, provides zero-emission last-mile logistics services to businesses such as high-street stores, package carriers, and independent businesses.

The investment came after Zedify received a £5 million funding round in March 2023 from the same investors, including Barclays Sustainable Impact Capital and Mercia, which enabled the company to grow from 113 to 209 people and sign sponsors such as Hello Fresh, Selfridges and Veja.

However, despite increased demand for sustainable delivery services, the company was unable to secure enough finance to continue operations. As a result, on…

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