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.
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Report names Lagos, six others viable states, declares six insolvent
A report by Economic Confidential, a subsidiary of PR Nigeria, has declared seven states, including Lagos, Ogun, Rivers, Kaduna, Kwara,
Government rejects FTI Group’s bailout plea, leading to bankruptcy, KNEWS
FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and
Hearing company Nuheara enters voluntary administration
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara
Government guarantees Rex Airlines bookings amid voluntary administration
Government guarantees Rex Airlines bookings amid voluntary administration e11545c3e87dd15de1e4f0171f0e111e ... Read the original article here
Valhalla Brewing To Be Liquidated; Multiple Indie Brewers Counting The Cost
Valhalla Brewing and parent company Lotus Beer Co are set to be liquidated following a second meeting of creditors yesterday. 
Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy
The bankruptcy court in Kolkata has approved the Simplex Projects revival plan submitted by its promoter Sudarsshhan Das Mundhra.Before the
Thousands receive support through our ongoing drive to tackle poverty
In 2023/24, the additional benefit income generated for residents increased by 35.1%, with just under £48million secured through claims and
Advice NI warning as latest scams are more sophisticated with criminals now using AI – Belfast News Letter
Advice NI warning as latest scams are more sophisticated with criminals now using AI  Belfast News Letter Read the original article
Byju Raveendran claims July salaries will be paid despite insolvency concerns
Byju Raveendran, Founder of the cash-strapped edtech firm BYJU’S, in an email, told employees that their July salaries would be
Hilco Capital takes over CommBank's debt in EziBuy liquidation – BusinessDesk
Hilco Capital takes over CommBank's debt in EziBuy liquidation  BusinessDesk Read the original article here
China property crisis has Xi Jinping on alert
While the sector represents only about five per cent of China’s financial system, its links with property developers and developments
UK insolvencies surpass financial crisis levels as interest rates squeeze businesses
The number of UK companies falling into insolvency over the past year has surpassed the levels seen during the 2008