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.
Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about $39 million, following years of financial
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Regional airline Rex has a US buyer, the announcement on Tuesday night coming more than a year after the airline that operates numerous services in Queensland entered voluntary administration.
Air T — a Nasdaq-listed US aviation business that runs cargo services, an aircraft trading business and sells parts – has entered a sale and implementation deed with Rex administrator EY.
“The sale and implementation deed is subject to customary conditions precedent for a transaction of this type including receipt of regulatory approvals and approval by creditors,” the administrators’ announcement said.
The federal government has been propping up the airline to ensure regional and remote communities remain serviced, buying $50 million in…
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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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Curaçao is grappling with a severe financial challenge. The island nation has informed the Dutch government about its inability to repay a maturing bond, valued at 140 million Antillean guilders (XCG). To address this, Curaçao is seeking partial refinancing by securing a new loan. This situation highlights the nation’s deepening financial vulnerability and underscores the urgency of comprehensive financial intervention. As Curaçao navigates these turbulent fiscal waters, understanding its economic hurdles and the implications of Dutch aid becomes critical.
Curaçao’s Economic Challenges
Curaçao’s financial struggles stem from a confluence of factors that include dwindling tourism revenues and an economy heavily reliant on…
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“The administrators would like to thank the Australian government for their support to date in assisting to facilitate the proposed transaction,” E&Y said.
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“Reliable air connectivity is fundamental to the social and economic wellbeing of regional Australia,” said Australian Airports Association CEO Simon Westaway.
Maintenance, repair, and overhaul is a globalised business with planes routinely travelling distances for servicing, experts said. Air T is thought to have the supply chains needed for regional aviation in place to provide the needed maintenance for Rex’s ageing fleet of 22 Saab 340B and 35 Saab 340B Plus aircraft.
Rex CEO Nick Swenson, said: “This acquisition aligns with our deep experience in regional…
Rob O’Brien hit rock bottom before turning his life around
Rob O’Brien was left in £80,000 worth of gambling debt(Image: ITV)
A man has spoken out about his addiction which left him in £80,000 worth of debt. Rob O’Brien, 48, from Kirkby, had previously enjoyed gambling when he started playing online poker in early 2005.
But this time, Rob struggled to keep his usage under control. During this period, the websites accepted credit cards for payment and Rob ended up taking out several of them so he could keep gambling. Credit card transactions are no longer accepted at licensed UK betting sites or casinos.
Rob’s addiction lasted around two years, putting a huge strain on his mental health and causing his relationship to collapse….
A man has spoken out about his addiction which left him in £80,000 worth of debt. Rob O’Brien, 48, from Kirkby, had previously enjoyed gambling when he started playing online poker in early 2005.
But this time, Rob struggled to keep his usage under control. During this period, the websites accepted credit cards for payment and Rob ended up taking out several of them so he could keep gambling. Credit card transactions are no longer accepted at licensed UK betting sites or casinos.
Rob’s addiction lasted around two years, putting a huge strain on his mental health and causing his relationship to collapse. Speaking to the ECHO, Rob said: “I spent all the money I had and then I was getting credit cards out too – you can’t do that…
Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about $39 million, following years of financial losses and shifting market conditions.
Founded in 2019 by husband-and-wife team Jordy and Julia Kay, Great Wrap developed compostable cling wrap, catering wrap and pallet wrap made from food waste and plant-based polymers. It was the only Australian manufacturer producing compostable stretch wrap for both household and commercial use.
Administrators Brent Morgan and Shane Cremin of Rodgers Reidy were appointed to the company’s operating entity, Plantabl Packaging Pty Ltd, on 17 September 2025. All five employees were made redundant and operations at the Tullamarine facility were…
Former Alvin ISD student Kelechi Iroegbu launched a GoFundMe to erase $17,000 in student lunch debt across the district.
ALVIN, Texas — A former Alvin ISD student is giving back to the district that helped shape him by helping students who, like him, once struggled to afford lunch.
Kelechi Iroegbu, a graduate of Alvin ISD, launched a GoFundMe campaign to pay off about $17,000 in student lunch debt across the district.
He said the effort is about more than money.
“It messes with your self-confidence or self-esteem,” Iroegbu said, recalling the times he didn’t have…
