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 Australian Securities and Investments Commission (ASIC) has obtained interim orders and injunctions against Debts Knockout, which provided financial services
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…
“From Debt Relief to Data Centres: Decoding the Big Gains of India’s Ethiopia Outreach”, India Narrative, december 18, 2025
“Indian Prime Minister Narendra Modi’s visit to Ethiopia marked a qualitative jump in the relationship, upgrading it to a “Strategic Partnership” and tying together trade, security, technology, and people-centric development. The outcomes listed by both governments underline how New Delhi and Addis Ababa are trying to translate decades of political goodwill into hard economic and developmental gains.
India and Ethiopia already shared dense historical and political ties, from anti-colonial solidarity to India’s longstanding role in Ethiopian education and capacity-building. The formal elevation…
Corporate insolvencies fell by 8% to 1,866 in November 2025, compared to the October figure of 2,034. They were also down by 7% compared to the November 2024 figure of 2,001 and by 18% compared to November 2023’s 2,273 figure.
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “Considered alongside a drop in the inflation rate to 3.2% and the recent cut in the interest rate to 3.75%, the fall in corporate insolvencies may give a glimmer of hope to struggling businesses in the run up to Christmas and offer business owners some cautious optimism that conditions may begin to improve…
ASTANA, Kazakhstan, December 22. Kazakhstan has
established a State Debt Management Council, Trend reports, citing the
country’s Ministry of Finance.
The Council was created through a collaboration between the
Ministry of Finance, the National Bank, and the Ministry of
National Economy of Kazakhstan.
The decision to establish the Council is part of the
implementation of a comprehensive set of measures aimed at ensuring
the sustainability of government finances and improving the balance
of macroeconomic policy in Kazakhstan for the period from 2025
through 2027.
The Council’s activities will focus on developing measures to
enhance the depth, liquidity, and efficiency of the government
securities market. It will also work…
POLICE arrested a 33-year-old man after he allegedly stole a mobile phone from his intoxicated friend who was sleeping along Gorordo Ave. in Barangay Kamputhaw on Saturday, Dec. 20, 2025.
The suspect was identified as Emmanuel Tojeno, unemployed and a resident of Barangay Lahug.
According to the Abellana Police Station, the victim, identified only as “Christian,” 33, reported that he fell asleep on the roadside due to heavy drinking. When he woke up, his P5,000 mobile phone was missing from his pocket.
Authorities launched the operation after a witness identified Tojeno as the person who took the device from Christian.
Upon his arrest, Tojeno confessed to the crime, telling police he pawned the phone for only P200.
The Australian Securities and Investments Commission (ASIC) has obtained interim orders and injunctions against Debts Knockout, which provided financial services through Debt Wipeout, for making false or misleading representations.
Debt Wipeout advertised on billboards, shop-a-dockets, websites, social media and in person with claims it could “extinguish” consumer debt for an up-front payment of 15%-25% of the outstanding balance.
However, the company failed to pay any creditors and consumers debts were not extinguished.
The orders were obtained from the Federal Court of Australia, which also included operator of the business, David Murphy; owner of the business name, Anastasios Mavroulis; and Kewa Ruqhiu and Matthew Ruwhiu…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Proto D Industries Private Limited, holding that the operational creditor had established a default of over Rs. 5.8 crore and the corporate debtor had failed to prove any ‘pre-existing dispute’.
The application was filed by Rexel India Private Limited, the Applicant (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( “the Code”) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 ( “the AAA Rules”). The Application is signed by Mr. Suraj Alhat authorised vide Board Resolution dated…
ATLANTA – Members of Spirit and Truth Church celebrated the holiday season during Sunday services by announcing a major financial commitment to families in need.
What we know:
Church leaders revealed the congregation is providing $1 million in medical debt relief, an effort timed as Affordable Care Act subsidies are set to expire for millions of people nationwide.
What they’re saying:
“Today was absolutely groundbreaking for us, trying to be relevant to the need and to what the moment requires,” Pastor Moore explained. “We’ve noticed, of course, the recent changes in health care, and we made a decision to do something about it.”
Following the announcement, the church continued its outreach by giving away more than 400 toys to…
Credit and debit card spending by household was up 2.4% in October, the strongest annual growth since early 2024, according to Bank of America’s 2025 Consumer Checkpoint report.
If you’re feeling pressured to spend more this holiday season, consider strategies and tools like debt consolidation, balance transfers, and budgeting apps before taking on more debt.
Debt relief comes in several forms, but it typically involves paying off some of your debt for a fee or working with a credit counselor.
If you can, gift yourself the present of less debt by saving money and paying off low-balance debt first.
With the end of the year fast approaching, the holiday spirit can tempt even the most miserly Scrooge to splurge on gifts for…
A brief overview of the situation: battery manufacturer BMZ Group is facing the insolvency of two of its central subsidiaries. Both BMZ Germany GmbH and BMZ Holding GmbH, based in Karlstein am Main, have entered insolvency. The Aschaffenburg District Court formally opened self-administration insolvency proceedings for both companies on 19 December 2025. As previously reported, the BMZ subsidiaries had applied for these proceedings in October.
Following a court decision some days ago, insolvency proceedings confirmed the illiquidity and over-indebtedness of the two subsidiaries. Lawyer Dr. Jan Markus Plathner from Frankfurt am Main was appointed as the insolvency administrator. However, it is likely that Plathner will have limited…
