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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First Brands Says It Needs $600 Million or ‘It’s Game Over’  Bloomberg.com Read the original article here
“We are so grateful for Trinity United Methodist Church’s generosity and support of our students and families,” said Amy Klugh,
First Brands Group is seeking court approval to access approximately $US600 million ($925 million) in bankruptcy financing to prevent the
When it comes to debt relief, you don’t have to pay for help. Here’s how to negotiate with creditors and
REVEALED: Latest business liquidations in Monash  Herald Sun Read the original article here
Australian electric vehicle-startup goes under owing millions  Sky News Australia Read the original article here
Cian Healthcare's Resolution Plan Reserved for Order by Mumbai NCLT  scanx.trade Read the original article here
13 Oct 2025 Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has appointed Gordon McIntyre as Insolvency Director
The National Company Law Appellate Tribunal (NCLAT) has set aside the private sale of Corporate Power Ltd (CPL) to Orissa
UFC CEO, Dana White, reportedly owes Red Rock Casino somewhere in the neighborhood of $30 million.Or does he?Hollywood Reporter recently
“This story is pure clickbait bullsh*t,” White said in his statement to Hollywood Reporter. “Everything about this story is completely



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First Brands Says It Needs $600 Million or ‘It’s Game Over’  Bloomberg.com

Read the original article here

“We are so grateful for Trinity United Methodist Church’s generosity and support of our students and families,” said Amy Klugh, Principal of Shalimar Elementary School. “Acts of kindness like this truly make a difference and remind our students that their community cares about them.”

Okaloosa County School District Superintendent Marcus Chambers highlighted the church’s ongoing partnership with local schools. “Trinity United Methodist Church has a long history of giving back to Okaloosa schools, and this is another example of how our community rallies around students,” Chambers said. “We are incredibly thankful for their continued commitment to supporting education.”

The effort included leadership and…

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First Brands Group is seeking court approval to access approximately $US600 million ($925 million) in bankruptcy financing to prevent the immediate shutdown of the auto-parts company. Lawyers for the firm argued during a court hearing in Houston that the funds, representing the remainder of a $US1.1 billion financing package, are crucial to the company’s survival. US Bankruptcy Judge Christopher Lopez previously authorised an initial $US500 million draw on the loan and is expected to rule on the current request. First Brands Group is a global automotive parts company that manufactures and distributes a wide range of products for the automotive aftermarket. The company provides replacement parts for cars, trucks, and other…

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When it comes to debt relief, you don’t have to pay for help. Here’s how to negotiate with creditors and make a plan to pay.

PROGRESS FOR FORT WORTH MOM

“My goal was to really get my business out there, but then I realized I didn’t have all the right finances,” said Symone Dixon of Fort Worth.

That brought Dixon to the nonprofit Center for Transforming Lives, where she connected with a financial coach. In three months’ time, Dixon said she paid off a small, high-interest loan, negotiated a payment plan for another debt and started saving for her kids’ future.  Dixon said she began with $40. Part of her income directly diverts to savings, making it automatic.

“The consistency of keeping that going…

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REVEALED: Latest business liquidations in Monash  Herald Sun

Read the original article here

Australian electric vehicle-startup goes under owing millions  Sky News Australia

Read the original article here

Cian Healthcare’s Resolution Plan Reserved for Order by Mumbai NCLT  scanx.trade

Read the original article here

Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has appointed Gordon McIntyre as Insolvency Director based in its Glasgow office.

With extensive experience in all forms of corporate insolvency procedures (administrations, court winding up orders and creditor voluntary liquidations) across a broad range of sectors, including manufacturing, commercial and residential property, professional services and construction, McIntyre is qualified as both a Chartered Certified Accountant and as an Insolvency Practitioner and has worked in insolvency and restructuring for over 30 years.

He has also undertaken diligence reviews and advisory assignments for boards, creditors and other…

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The National Company Law Appellate Tribunal (NCLAT) has set aside the private sale of Corporate Power Ltd (CPL) to Orissa Alloy Steel Private Limited (OASPL), citing procedural lapses and lack of transparency in the liquidation process. The tribunal has directed the liquidator to conduct a fresh Swiss Challenge auction within 60 days. The ruling came in response to two appeals — one by OASPL, the original anchor bidder, and another by SM Steels and Power Limited (SMSPL), which had challenged the sale process after it was concluded.

Background of the case

Corporate Power Ltd was admitted into corporate insolvency in March 2020 and ordered into liquidation in October 2021. Over the next three years, the liquidator…

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UFC CEO, Dana White, reportedly owes Red Rock Casino somewhere in the neighborhood of $30 million.

Or does he?

Hollywood Reporter recently followed up an original story from Casino.org that claimed high-limit losses in both baccarat and blackjack left the self-described “degenerate” in the red. Probably not the best look for a promoter running a company under investigation for fixed fights.

White blamed the manipulative media, ignoring a diagnosed “sickness” from his inner circle.

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“This story is pure clickbait bullsh*t,” White said in his statement to Hollywood Reporter. “Everything about this story is completely untrue. But of course media doesn’t care about facts, they…

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“This story is pure clickbait bullsh*t,” White said in his statement to Hollywood Reporter. “Everything about this story is completely untrue. But of course media doesn’t care about facts, they care about clicks. This is exactly why I always say you can’t believe ANYTHING you read.”

It should be noted that Red Rock is run by Frank and Lorenzo Fertitta, who made a few billion dollars by selling UFC back in summer 2016, thanks to the multi-year efforts of White and his team. Whether or not that gives White some leeway when it comes time to pay back the house is unknown, but it certainly can’t hurt.

A loss like this, on the other hand … ouch.

Read the original article here