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.
Aaron Bunch | November 11, 2025 Linda Reynolds wants to know what Brittany Higgins did with her $2.4 million compensation
Sonder goes bankrupt, blames Marriott International deal  Proactive financial news Read the original article here
A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality.Higgins and her
A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality.Higgins and her
The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) marked a paradigm shift in the way corporate insolvency is
South Korea’s major e-commerce platform WeMakePrice has been declared bankrupt by the Seoul Bankruptcy Court, marking the end of its
Exoticathletica will cease trading after going into voluntary administration owing a reported $13m in debts. Image: Facebook Australian active wear
A hiccup has delayed bankruptcy proceedings against Brittany Higgins for another week.The Federal Court was told former senator Linda Reynolds
Australian active wear label Exoticathletica will cease trading after it fell into voluntary administration with $13m in debts.The company posted
Brittany Higgins's life will drastically change if she is declared bankrupt. Her credit score will plunge, she will struggle to
Creditors Approve IDAGIO Insolvency Plan  OperaWire Read the original article here
A former senator’s bid to discover where Brittany Higgins’ $2.4m compensation payout went after their bruising defamation battle has been

Aaron Bunch |

Linda Reynolds wants to know what Brittany Higgins did with her $2.4 million compensation payout.

A former senator’s bid to discover where Brittany Higgins’ $2.4 million compensation payout went following their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch.

Ex-Liberal senator Linda Reynolds successfully sued Ms Higgins over a series…

Read the original article here

Sonder goes bankrupt, blames Marriott International deal  Proactive financial news

Read the original article here

A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality.

Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action against the pair.

Former WA senator Linda Reynolds and her lawyer, Martin Bennett, arrive at court last year during defamation proceedings against Brittany Higgins and David Sharaz.Credit: Trevor Collens

Justice Paul Tottle found in August that social media posts from Higgins and Sharaz had conveyed an imputation that Reynolds and her office had orchestrated to “cover up” the alleged rape of…

Read the original article here

A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality.

Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action against the pair.

Former WA senator Linda Reynolds and her lawyer, Martin Bennett, arrive at court last year during defamation proceedings against Brittany Higgins and David Sharaz.Credit: Trevor Collens

Justice Paul Tottle found in August that social media posts from Higgins and Sharaz had conveyed an imputation that Reynolds and her office had orchestrated to “cover up” the alleged rape of…

Read the original article here

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) marked a paradigm shift in the way corporate insolvency is addressed in India. Central to the code is the distinction between financial creditors and operational creditors, as only certain creditors can initiate proceedings under Section 7 of the IBC for the initiation of the Corporate Insolvency Resolution Process (CIRP).

Understanding who qualifies as a financial creditor is pivotal for safeguarding creditor rights, ensuring proper application of insolvency provisions, and maintaining the integrity of the insolvency ecosystem.

While the definition of financial creditor may appear straightforward under Section 5(8) of the IBC, judicial interpretation and…

Read the original article here

South Korea’s major e-commerce platform WeMakePrice has been declared bankrupt by the Seoul Bankruptcy Court, marking the end of its rehabilitation efforts after struggling financially for over a year. The decision came approximately 16 months after WeMakePrice filed for court receivership in July 2024 due to a large-scale unpaid settlement crisis that impacted thousands of buyers and sellers.

The court cited the absence of a viable rehabilitation plan and concluded that the liquidation value of WeMakePrice’s business exceeded its going-concern value. Following this, the court terminated the company’s rehabilitation proceedings in September 2025 and officially declared bankruptcy in November. Attorney Lim Dae-seop has been…

Read the original article here

Exoticathletica will cease trading after going into voluntary administration owing a reported $13m in debts. Image: Facebook

Australian active wear label Exoticathletica will cease trading after it fell into voluntary administration with $13m in debts.

The company posted on social media they will close its doors on Sunday after 10 years of “wild, messy, fabulous leggings, crops and chaos”.

“It’s time for us to say something we never thought we would: Exotica is closing our doors on Sunday,” the post read.

“We built this brand for women who dare themselves, who sweat, laugh, cry and strut in every shape and size imaginable.

“We’ve loved watching you own your bodies, your moves, and your boldness. You…

Read the original article here

A hiccup has delayed bankruptcy proceedings against Brittany Higgins for another week.

The Federal Court was told former senator Linda Reynolds served a bankruptcy notice on Ms Higgins, but it was handed to her Perth-based lawyer, Carmel Galati.

It was the first time the matter was heard in the Federal Court, and registrar Camille Goucke did not proceed with the case because the notice was not personally served on Ms Higgins.

“I don’t see how we can proceed with the creditor’s petition,” she said.

Former senator Linda Reynolds’ legal team will return to the Federal Court next week to proceed a creditor’s petition against her former staffer Brittany Higgins. Picture: NewsWire / Sharon Smith

Ms Goucke said Ms Reynolds’ legal team…

Read the original article here

Australian active wear label Exoticathletica will cease trading after it fell into voluntary administration with $13m in debts.

The company posted on social media they will close its doors on Sunday after 10 years of “wild, messy, fabulous leggings, crops and chaos”.

“It’s time for us to say something we never thought we would: Exotica is closing our doors on Sunday,” the post read.

“We built this brand for women who dare themselves, who sweat, laugh, cry and strut in every shape and size imaginable.

“We’ve loved watching you own your bodies, your moves, and your boldness. You made it bigger, louder, and wilder than we ever imagined.

“To our creators, our ride-or-die customers, and our team of absolute legends: thank you…

Read the original article here

Brittany Higgins‘s life will drastically change if she is declared bankrupt. Her credit score will plunge, she will struggle to get a mortgage in her name or apply for a credit card, and will require permission to travel overseas.

Bankruptcy proceedings against the former Liberal staffer were commenced by her old Parliament House boss, Senator Linda Reynolds, in the Federal Court in WA on Monday.

The matter was due in court on Tuesday, but the hearing was adjourned to Friday due to a technicality: Ms Higgins was not in court and had not personally received the bankruptcy notice.

Senator Reynolds’ lawyer Martin Bennett told the court his client had not seen a cent of the money she was owed, despite Ms Higgins’ $2.4million Commonwealth…

Read the original article here

Creditors Approve IDAGIO Insolvency Plan  OperaWire

Read the original article here

A former senator’s bid to discover where Brittany Higgins’ $2.4m compensation payout went after their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch.

The former Liberal senator Linda Reynolds successfully sued Higgins over a series of social media posts the former defence minister believed damaged her reputation.

Reynolds was awarded damages of $315,000 plus $26,109 interest after Western Australia’s supreme court in August found some of the posts were defamatory.

The former political staffer was also ordered to pay 80% of her former boss’s legal costs, which were estimated to be more than $1m.

Reynolds launched bankruptcy proceedings in October against Higgins to recoup the costs awarded in her…

Read the original article here