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.
The Age has spoken to half a dozen creditors listed on the debtors' petition who were clients of the business.They
MILLIONS of energy customers will get access to 'no standing charge' tariffs under new plans revealed by Ofgem today.The energy
A state bankruptcy means the government fails to make debt and interest payments when due.  Failure to pay debts owed
LDRSNottingham City Council issued a section 114 notice, declaring effectively bankruptcy, on 29 NovemberThe government has appointed commissioners to help
Plantify Foods Begins Liquidation of Subsidiary Amidst Challenges  TipRanks Read the original article here
  Vancouver, British Columbia – TheNewswire – December 11, 2024 - Plantify Foods, Inc. (TSXV: PTFY) ("Plantify Foods" or the "Company") reports that
Older Debtors Rally in DC to Demand Debt Relief  goskagit.com Read the original article here
YHA goes into liquidation  Stuff Read the original article here
(Bloomberg) -- An arm of gym chain Physical Beauty & Fitness received a liquidation petition from a major mall operator
Aryza Group has announced a partnership with TransUnion. The partnership will leverage the strengths of both companies to offer comprehensive
As the quest to resolve the global debt crisis goes on...A team of experts has been established to bring this
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The Age has spoken to half a dozen creditors listed on the debtors’ petition who were clients of the business.

They claim they are owed money after they either used Marshall’s Holiday Rentals to book a holiday home and never received their deposit or bond back, or home owners who used Marshall’s to rent out their home and never got their payment.

The empty office on Ocean Beach Road in Sorrento.

The empty office on Ocean Beach Road in Sorrento. Credit: Eddie Jim

Ms Marshall ceased being the sole director of Marshall’s Holiday Rentals on the day she declared bankruptcy, meaning the company does not currently have a director.

It remains registered.

‘Unable to proceed with any future bookings’

On September 26, customers were sent an email from Ms Marshall with the subject line “IMPORTANT…

Read the original article here

MILLIONS of energy customers will get access to ‘no standing charge’ tariffs under new plans revealed by Ofgem today.

The energy regulator is also planning to launch new support for customers struggling with debt.

In addition, Ofgem has announced plans to require energy suppliers to offer zero standing charge tariffs

1

In addition, Ofgem has announced plans to require energy suppliers to offer zero standing charge tariffsCredit: Getty

As part of its plans, there could be a new scheme that means some customers could have their debts wiped or have repayments matched to help them clear their arrears.

The proposals are part of a huge shake-up to help tackle the “stubbornly high” debt levels that have built up despite falling energy prices.

Total energy debt is now at more than £3.8billion, a rise of more than £2billion in the last three…

Read the original article here

A state bankruptcy means the government fails to make debt and interest payments when due. 

Failure to pay debts owed to creditors may be accompanied by an official announcement by the government that it will not pay the outstanding debts, or it may sometimes occur without any official announcement.

Nearly half of the countries of the European continent, 40% of the countries of Africa, and 30% of the countries of Asia declared bankruptcy during the previous two centuries.

Ecuador has declared itself bankrupt most times among sovereign nations. 

It has declared bankruptcy 10 times. 

Brazil, Mexico, Uruguay,…

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LDRS City councilLDRS

Nottingham City Council issued a section 114 notice, declaring effectively bankruptcy, on 29 November

The government has appointed commissioners to help run Nottingham City Council after the authority declared itself effectively bankrupt.

Now ministers have intervened further in a bid to speed up improvements.

In a statement, local government minister Simon Hoare said: “The Secretary of State is satisfied that Nottingham City Council is continuing to fail to comply with its Best Value Duty, and that the necessary improvements are still not being made quickly enough.

“I am today confirming that commissioners have been appointed to Nottingham City Council and new directions have been issued.”

LDRS Loxley HouseLDRS

The council has said reduced government…

Read the original article here

Plantify Foods Begins Liquidation of Subsidiary Amidst Challenges  TipRanks

Read the original article here

 

Vancouver, British Columbia – TheNewswire – December 11, 2024 – Plantify Foods, Inc. (TSXV: PTFY) (“Plantify Foods” or the “Company“) reports that its wholly owned subsidiary, Peas of Bean Ltd. (“POB”), has filed a request (file number 28001/12/24) (the “Request”) with the district court of Nof Hagalil-Nazareth, Israel (the “Court”) to open proceedings in accordance with the Insolvency and Economic Rehabilitation Law (2018). The Request is for:

 

1. an order to initiate proceedings for the purpose of liquidation; and

2. an order for the appointment of a trustee for POB from the list of trustees of the commissioner at the discretion of the Court.

 

POB has facilities in Kibbutz Gonen,…

Read the original article here

Older Debtors Rally in DC to Demand Debt Relief  goskagit.com

Read the original article here

YHA goes into liquidation  Stuff

Read the original article here

(Bloomberg) — An arm of gym chain Physical Beauty & Fitness received a liquidation petition from a major mall operator in the city, following the shuttering of its branches earlier this year.

The wind-up petition against Physical Health Centre (TST) Ltd. was filed by Link Properties Ltd., according to a court document dated Dec. 6, and the first hearing is scheduled for Feb. 19.

Large gym chains in Hong Kong face growing pressure from high rental costs, competition from smaller rivals and a sluggish economy. Physical announced in September that it would shut down after more than 30 years in business, local media reported. It operated around 19 branches across the city before it closed, according to its website.

In August, Pure Fitness, a…

Read the original article here

Aryza Group has announced a partnership with TransUnion.

The partnership will leverage the strengths of both companies to offer comprehensive credit and debt management solutions across all Aryza platforms and services in the UK and Ireland, whilst keeping consumer well-being at the heart of decision making.

The collaboration is designed to address the growing demand for integrated credit and debt management solutions among TransUnion’s customer bases. The partnership aims to fill the gaps identified by TransUnion for clients that are looking for more comprehensive platform and data solutions across the credit and debt management cycle. 

Kevin O’Neill, Chief Revenue Officer at Aryza said “This partnership marks a…

Read the original article here

As the quest to resolve the global debt crisis goes on…

A team of experts has been established to bring this to action, while building a more inclusive and equitable international tax system.

READ: G20 presidency | Discussing priorities with Russia’s G20 Sherpa

This is according to Secretary-General of the United Nations, António Guterres.

He says former finance minister, Trevor Manuel is among the appointed experts.

Read the original article here

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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:


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