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.
West Australian distillery Old Young’s has entered voluntary administration, just weeks after being named Champion Distillery at the 2025 Perth Royal Distilled Spirits Awards for the fourth time in six years.
It follows the distiller raising more than $1.36 million in December 2024 from 392 investors on the Birchal platform to build an architectural and tourism destination dubbed a “Cathedral of Gin”.
Since launching in the Swan Valley in 2016, the distillery has attracted global accolades including World Craft Producer and Brand Innovator of the Year at the Icons of Gin awards in 2023.
Greg Dudley, Phil Davie and Jerome Mohen from RSM Partners and National Directors Recovery and Restructuring were…
A strategic alliance between Selier Abogados, Auditest, and Urbano Jiménez Asesores Legales y Tributarios has resulted in the launch of Audier Restructuring, a new firm exclusively dedicated to handling corporate restructurings and insolvency proceedings.
The founding firms announced that Audier Restructuring aims to become a key player in the Spanish market by offering specialized solutions to help financially distressed companies regain stability and long-term viability. The new entity will serve as a multidisciplinary platform to manage complex turnaround scenarios and legal insolvency strategies.
“This climate of financial vulnerability compels companies—and their leadership teams—to gather and analyze all available…
Ghana’s former President’s experience adds to pressure for global credit reforms
Former Ghanaian President Nana Akufo-Addo described the debt restructuring that dominated his second term as ‘one of the darkest and most painful episodes’ of his presidency as he made a pitch for a new debt relief programme in Brussels last week.
African leaders are set to put debt relief high on the agenda at a European Union-African Union summit in Angola in November.
In a speech at a thinktank in Brussels on 1 October, Akufo-Addo called for European support for ‘a new global debt relief initiative – ambitious, equitable and tailored to our…
While insolvency rates have climbed over recent years, the RBA’s recent financial stability review determined that this wouldn’t pose significant risks to Australia’s financial system.
Last Thursday (2 October), the RBA’s October 2025 Financial Stability Review concluded that Australian households, businesses, and banks were well-placed to weather global shocks.
Financial stability risks stemming from the recent uptick in insolvencies were “contained” due to the fact that most insolvencies had involved small companies or those with little bank debt, the RBA found.
“While banks’ non-performing business loans have been edging higher over the past two years,…
It’s difficult to imagine that chains with dozens, hundreds, and even thousands of restaurants can actually go bankrupt. The sheer scale of these enterprises makes them seem virtually untouchable. However, things can be very different behind the scenes. Growing overheads and rapidly changing consumer preferences can all contribute to rising costs and shrinking profit margins. In addition, the COVID-19 pandemic shifted consumer behavior toward delivery and takeout, negatively affecting most traditional…
Under the provision of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is a key requirement for submission of resolution plan to participate in the bidding process.
Besides Dalmia Bharat, several other players that have shown their interest to acquire the debt ridden JAL, which operates from cement to real estate, hospitality to fertiliser plant.
More than three million Australians carry a HECS or HELP (Higher Education Loan Program) debt, paying back their cost of a university education through automatic deductions from their salary.
“We promised we would cut your student debt by 20 per cent, and we are delivering. This is a big deal for three million Australians,” federal education minister Jason Clare said in a statement.
More than three million Australians carry a HECS or HELP (Higher Education Loan Program) debt, paying back their cost of a university education through automatic deductions from their salary.
“We promised we would cut your student debt by 20 per cent, and we are delivering. This is a big deal for three million Australians,” federal education minister Jason Clare said in a statement.
Whether you’ve lost your job, faced huge medical bills or simply fallen behind on your debt payments, bankruptcy can seem like a way to get some relief, but it also has some serious long-term effects on your finances that you must consider.
While United States Courts reported a nearly 12% year-over-year jump in personal bankruptcy filings as of June 30, 2025, in a recent YouTube video, financial expert George Kamel, gave five reasons why you should avoid bankruptcy at all costs. Read on to explore what Kamel recommended in terms of what to do instead of pursuing…
