Nearly a decade after the Insolvency and Bankruptcy Code ushered in a new era of creditor rights and time-bound resolution, it is time to reassess the institutional machinery that sustains it. The Code reshaped commercial expectations, influenced lending behaviour, and created a structured pathway for resolving financial distress. Yet the effectiveness of any legal framework ultimately depends on the quality and capacity of the forum that applies it. It is in this context that the…
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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Exclusive: A NSW woman has revealed how her father unknowingly racked up a nearly $6400 debt from years of unpaid energy bills.
Naomi Thompson, 34, has spent nearly five years helping her ill father slowly bring down the debt – and the balance is a stark reminder of how vulnerable Australians are among the most impacted by the rising costs.
Thompson’s father, who suffered a stroke, didn’t realise he was being contacted by Energy Australia until the bills ballooned to an unmanageable amount.
9news.com.au understands his preferred communication with his energy provider was through letters.
He was also unable to be contacted by phone.
Thompson, too, had no idea…
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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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Alex Kleyner Helps Break Down the Role of Debt Settlement in the Financial System ACCESS Newswire
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2025 proved to be a rough year for the trucking industry. From interstate freight carriers to longtime national trucking chains, around eight well-known companies filed for bankruptcy. Rate compression, mounting debts, and unorganized finances were among the different reasons that contributed to the bankruptcies.
8 Trucking Companies That Filed for Bankruptcy in 2025
As the year moves closer to its end, below are bankruptcy filings by eight popular trucking service providers. Each section explains when the bankruptcy occurred, what type it was, why it happened, and what the trucking company’s future may look like.
1. Elite Carriers
- When: May 21, 2025
- Filing Type:…
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The Insolvency and Bankruptcy Code’s effectiveness depends on speed. An adjudicatory body devoted entirely to insolvency is a necessity and not an embellishment
| Photo Credit:
sankai
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Hobbs said in a media release that she is “committed to helping Arizonans achieve economic stability and prosperity.”
PHOENIX — Governor Katie Hobbs announced on Monday that nearly half a million Arizonans have erased $642 million in medical debt.
She said 141,000 more Arizonans have had their medical debt stripped through her initiative to improve economic stability and health outcomes for working-class Arizonans.
Hobbs said that to date, this effort, a partnership between the Hobbs administration and the national nonprofit Undue Medical Debt, has eliminated $642 million in medical debt for more than 485,000 people across the state.
…
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Powergrid Infrastructure Investment Trust Building a Base Near Support – Debt-to-Equity Ratio Analysis & Double Or Triple Capital Bollywood Helpline
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Höfner, the German instrument brand best known for the Violin Bass synonymous with Paul McCartney, has clarified its position after reports emerged that the company had submitted preliminary insolvency proceedings, as per court documents.
“Dear musicians, Höfner fans & friends, some of you may have already heard: our company has been going through a difficult period – especially since the introduction of the US tariffs – and filed for insolvency on Thursday, 11 December 2025,” reads the social media statement.
“We would like to clarify a few things: We are not discontinuing production, distribution or our media…
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China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing – part of a broader push to bolster the economy and repair household balance sheets.
The People’s Bank of China said the measure targets borrowers with a single instance of overdue debt incurred between 2020 and 2025 and not exceeding 10,000 yuan (US$1,421). If the debt is fully repaid by March 31, the default record will be hidden from credit reports.
“The policy was introduced to help pandemic-hit borrowers, who are actively repaying their loans, rebuild their credit swiftly,” the PBOC said in a statement on Monday, adding that the move aims to address the Covid-19 pandemic’s…
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Ample, a San Francisco-based company, aimed to become a key player in the battery-swapping sector. However, the firm has now filed for Chapter 11 insolvency in the Southern District of Texas. Despite raising a total of $330 million over its lifetime, Ample has reportedly faced liquidity issues in recent times, primarily due to ‘the challenging investment environment for renewable energy’.
Ample consistently promoted a battery-swapping system designed to enable a full vehicle charge in just five minutes. The company stated that its technology is modular, vehicle-agnostic, and allows the exchange of depleted battery packs for fully charged ones without driver intervention. Over time, Ample secured investment and collaboration partners,…
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Höfner has given an update on its recent bankruptcy filing, stating that “business operations will continue” throughout the administration process. It has also cited the effects of a challenging export market, particularly due to the recent hike in US tariffs rates.
A new press release from the German guitar and bass manufacturer adds some context to the filings, which were made on 10 December 2025. It claims that around 65% of its most recent turnover of €6.5 million was due to export business – hence, when the recent US tariff changes were made and EU businesses faced much higher export costs, this had an outsized effect on Höfner. The company also points towards a generally unenthusiastic market for musical instruments due…