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.
Go to ASIC
New push for debt relief to help developing world fund climate action | Climate finance
The fight against the climate emergency is being hampered by a debt crisis that involves the world’s poorest countries paying
UK’s Second Largest City Birmingham Has Declared Itself Bankrupt. Here’s Why
Fashion startup The Daily Edited gets another life after voluntary administration – Startup Daily
Fashion startup The Daily Edited gets another life after voluntary administration  Startup Daily Read the original article here
Are we spoiling the kids by paying off their HELP debt?
Dear Ms Wise, how can we help out our kids without spoiling them? With HECS indexation up to 7 per
Renewcell was going to change fashion. Why did it suddenly go bankrupt? – Fast Company
Renewcell was going to change fashion. Why did it suddenly go bankrupt?  Fast Company Read the original article here
‘We’re all busy again’, say UK restructuring experts
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Company insolvencies
Study finds 4 per cent of suicides in Victoria are gambling-related, but number may be much higher
Jake Van Berlo was popular, outgoing and good at everything he did. Whether it was sport or school, he nailed it. 
SmileStyler, backed by Melbourne-based businessman Paul Docherty of BRC Capital, may have operated insolvent for 18 months: McGrathNicol
Administrators of troubled dental supplier SmileStyler have found the company backed by Melbourne-based businessman Paul Docherty may have been trading
Company collapses owing $2m, only $6 left – news.com.au
Company collapses owing $2m, only $6 left  news.com.au Read the original article here
Why Debt Relief Matters to the Wealthy West
As many low- and middle-income countries (LMICs) grapple with a sharp rise in payments on their sovereign debt in the
UK synth company Modal Electronics declared insolvent and goes into administration
UK Government records indicate that UK synth manufacturer Modal Electronics has gone into administration. Records on Companies House show that the
South Australian childcare group goes into voluntary administration
Seven childcare centres in Adelaide are in danger of shutting down after the company behind them went into voluntary administration.Precious

The fight against the climate emergency is being hampered by a debt crisis that involves the world’s poorest countries paying more than 12 times as much to their creditors as they are spending on measures to tackle the impact of global heating, a campaign group has warned.

As the Cop28 meeting opened in the United Arab Emirates, Development Finance International (DFI) said a new round of comprehensive and deep debt cancellation was needed to free up much-needed investment in climate emergency adaptation.

A study of spending in 42 countries by DFI found debt service payments represented 32.7% of the budget in 2023 on average, while responding to the climate crisis stood at 2.5%.

Indonesia, the world’s fourth most populous country, plans…

Read the original article here

(Precious Cargo Education/Facebook)

“In my role, I as director take responsibility for not being able to navigate these challenges. 

“To our children, families and staff I apologise that my journey has come to…

Read the original article here