Like many Americans, most countries are in a lot of debt.
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.
Metaverse meltdown: Futureverse in liquidation BusinessDesk | NZ
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ASTANA – Kazakhstan has established a State Debt Management Council to improve coordination of public borrowing and develop the government securities market, the Ministry of Finance reported on Dec. 22.
The consultative body was created jointly by the Ministry of Finance, the National Bank of Kazakhstan and the Ministry of National Economy.
Photo credit: Shutterstock
The council will focus on measures to deepen liquidity and efficiency in the government securities market, lower the cost of state borrowing used to finance the budget deficit, and develop benchmark yields for the quasi-public sector and corporate issuers.
Its key tasks include coordinating public debt management decisions, supporting the development of the…
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A United Kingdom construction firm, Warwick Ward (Machinery) Ltd, has made all of its employees redundant and has entered administration.
The leading nationwide supplier of earthmoving machinery and recycling equipment has been operating since 1970 and the current “wider economic challenges” impacting the construction and recycling sectors have caused the company to collapse.
For context, when a company enters administration, it has become insolvent (unable to pay its debts) and enters a formal legal process where an independent, licensed insolvency practitioner (the administrator) takes control of the business.
The company’s…
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Central Bank of India has declared the loan accounts of Reliance Telecom Ltd. as fraud, Reliance Communications Ltd. said on Tuesday. The company is seeking legal advice on the matter, according to a stock exchange filing.
RCom, part of the Anil Ambani Group, as well as RTL are undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Resolution plans in respect of RCOM and RTL, have been approved by the committees of creditors of the RCOM as well as RTL respectively and awaiting approval of the National Company Law Tribunal.
The credit facilities mentioned by the PSU bank relate to the period before RTL’s CIRP and must be resolved through its resolution plan or liquidation, as per the Code,…
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Central Bank of India has declared the loan accounts of Reliance Telecom Ltd. as fraud, Reliance Communications Ltd. said on Tuesday. The company is seeking legal advice on the matter, according to a stock exchange filing.
RCom, part of the Anil Ambani Group, as well as RTL are undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Resolution plans in respect of RCOM and RTL, have been approved by the committees of creditors of the RCOM as well as RTL respectively and awaiting approval of the National Company Law Tribunal.
The credit facilities mentioned by the PSU bank relate to the period before RTL’s CIRP and must be resolved through its resolution plan or liquidation, as per the Code,…
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Developing countries, alone, carry nearly $31 trillion worth of debt. Enough debt to give everyone in the world a check for $3,750. Or to pay for Jeff Bezos to throw a $50 million wedding in Venice every weekend for the next 11,900 years. Or, at least in theory, to solve world hunger with trillions to spare.
But instead, many countries across Africa, Asia, and Latin America are saddled with so much debt that today more than 3 billion people — over one-third of humankind — live in nations that spend more on interest payments than they do on health care or education. This is nothing new. But it’s gotten far worse in recent years as part of a vicious cycle that will be all too…
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Borosil Renewables’ German SPV Geosphere Files for Insolvency; Parent Sees No Fresh Hit TipRanks
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Up to 1,700 jobs have been axed two days before Christmas as a Melbourne-based company that provides security, cleaning and maintenance staff to the public sector and major retailers enters administration.
MA Services listed Coles, Kmart, Aldi, Amazon, Dan Murphy’s and several AFL clubs among its clients along with a number of local councils.
It also works with the Victorian government, including by providing security at Melbourne’s Southern Cross Station and Federation Square.
According to administrators, the company operates in every Australian state and territory.
The company was placed in voluntary administration on Tuesday, with Jason Tracy and Glen Kanevsky of Alvarez & Marsal appointed to oversee the process.
In a statement, the…
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News – Scandalous Security Trial In Limbo Wyndham TV
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Companies undergoing insolvency proceedings may soon be allowed to receive multiple resolution plans for different assets or business units.
A Lok Sabha Select Committee, examining the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, last week recommended explicitly permitting such an approach, departing from the current system that allows only a single, consolidated resolution.
The objective is to enable the sale of individual assets or business verticals of companies with diversified operations, instead of forcing a single, consolidated resolution, as per a statement issued by the committee on 17 December, available on the Lok Sabha website.
The panel said this could help maximise value realisation and attract a wider pool of…