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.
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization.
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the special resolution applicant's (SRA) plea to treat
Despite the federal uncertainty, California residents have additional protections. SACRAMENTO, Calif. — As people head into 2026 and take a
Father of toddler spirals into debt and despair after blowing R12,000 on gambling in a month  IOL Read the original article
Father of toddler spirals into debt and despair after blowing R12,000 on gambling in a month  IOL Read the original article
Preserving value, or destroying it?  The Statesman Read the original article here
Why Saks Fifth Avenue could face Chapter 11 or liquidation  thestreet.com Read the original article here
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser
This story was originally published in On Background with Mark Stenberg, a free, weekly newsletter that explores the key themes
Key Points Declare bankruptcy on January 7, 2026, James McFadden owes £2,594,192 due to tax bills and losses from property
Venus Concept Secures Short-Term Debt Relief Extension  TipRanks Read the original article here
Struggling whiskey and vodka company shuts down, no bankruptcy  thestreet.com Read the original article here

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

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:


1. Open the settings menu by clicking the hamburger menu in the top right

2….

Read the original article here

The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the special resolution applicant’s (SRA) plea to treat Rs 350 cr as the Corporate Insolvency Resolution Process (CIRP) cost in the liquidation of Jet Airways.

In June 2021, the resolution plan submitted by the Jalan–Fritsch consortium was approved by the NCLT. The plan required the infusion of ₹350 crore as the first tranche payment and furnishing of a performance bank guarantee (PBG) of ₹150 crore. However, despite the effective date being fixed as 20 May 2022, the consortium failed to implement the plan.

The Supreme Court, in Civil Appeal Nos. 5023–5024 of 2024, observed:

“The SRA herein has failed to infuse the first…

Read the original article here

Despite the federal uncertainty, California residents have additional protections.

SACRAMENTO, Calif. — As people head into 2026 and take a fresh look at their finances, the impact of medical debt remains a concern for many households.

Sacramento-based financial advisor and coach Maureen Paley said medical debt can still show up on credit reports and affect credit scores, creating long-term financial strain.

“It’s really a burden for consumers, and it’s consumers that have to pay figuratively, for that being on their credit report,” Paley said.

At the federal…

Read the original article here

Father of toddler spirals into debt and despair after blowing R12,000 on gambling in a month  IOL

Read the original article here

Father of toddler spirals into debt and despair after blowing R12,000 on gambling in a month  IOL

Read the original article here

Preserving value, or destroying it?  The Statesman

Read the original article here

Why Saks Fifth Avenue could face Chapter 11 or liquidation  thestreet.com

Read the original article here

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below.

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:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

Read the original article here

This story was originally published in On Background with Mark Stenberg, a free, weekly newsletter that explores the key themes shaping the media industry. You can sign up for it here.

In the waning days of 2025, the food media company Food52 declared bankruptcy in a Delaware court, the final chapter in a long saga of financial woes that had plagued the publisher since 2022. In total, the company owes more than $25 million to a mix of creditors, according to the filing.

The declaration was a fitting coda to a story that I had published just days before, an investigation that had been months in the making.

James…

Read the original article here

Venus Concept Secures Short-Term Debt Relief Extension  TipRanks

Read the original article here

Struggling whiskey and vodka company shuts down, no bankruptcy  thestreet.com

Read the original article here