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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New rules lead to more debt cancellation, but who benefits?
More people with chronic debt problems are having their debts written off following a change to the rules – but
ARP cash meant for water bill debt-relief was used elsewhere, says acting mayor.
In March 2021, President Joe Biden signed the American Rescue Plan Act, which designated billions in federal funding to municipalities
Germany's Borgward brand declared bankrupt in China – Automotive News
Germany's Borgward brand declared bankrupt in China  Automotive News Read the original article here
Buyer found for bankrupt retailer Blokker, but uncertainty remains for 3,500 workers
Buyer found for bankrupt retailer Blokker, but uncertainty remains for 3,500 workers | NL Times Skip to main content Read
Lilium lays off almost all staff pending impending liquidation – Aerospace Global News
Lilium lays off almost all staff pending impending liquidation  Aerospace Global News Read the original article here
Court awards Clint Eastwood €250,000 from Lithuanian company – LRT
Court awards Clint Eastwood €250,000 from Lithuanian company  LRT Read the original article here
Beneficient Enters into Transactions to Deliver Tangible Book Value and Other Benefits to Beneficient Public Company Stockholders Provided by Entities...
DALLAS, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) ("Ben” or the "Company”), a technology-enabled platform providing exit opportunities
Insolvent air taxi startup Lilium to be liquidated
This was reported by the German portal Gründerszene, citing several sources within the company. According to the report, only a
Job losses deepen as more firms go into liquidation – Business Daily
Job losses deepen as more firms go into liquidation  Business Daily Read the original article here
Major Australian fashion retailer collapses into voluntary administration – Illawarra Mercury
Major Australian fashion retailer collapses into voluntary administration  Illawarra Mercury Read the original article here
XLMedia CEO to be made redundant as affiliate prepares for liquidation process – EGR Global
XLMedia CEO to be made redundant as affiliate prepares for liquidation process  EGR Global Read the original article here
Housing association’s debt advisors help customers clear £3m of debt
Customers of The Wrekin Housing Group have been supported to clear more than £3 million of debt thanks to the