Insolvency Guardian Media Centre
The Trump administration is proposing a new rule that would bar people with outstanding college loans from relief on that debt if their employers were found to be “undermining national security and American values through illegal means.”
The proposed rule, announced Monday by the Department of Education, would restrict people from participating in the federal Public Student Loan Forgiveness (PSLF) program if the organization they work for is found to be engaging in certain illegal activities.
“President Trump has given the Department a historic mandate to restore the Public Service Loan Forgiveness program to its original purpose — supporting public servants who strengthen their communities and serve the public good, not…
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 1.4% in July when compared to the month before.
The number of registered business insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month in the previous year (2,078 in July 2024).
The business insolvencies in July 2025 consisted of 339 compulsory liquidations, 1,583 creditors’ voluntary liquidations (CVLs), 147 administrations and 12 company voluntary arrangements (CVAs). There were no receivership appointments.
In July 2025, CVLs accounted for 76% of all company insolvencies. The number of CVLs was similar to June…
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Australia’s most acid-tongued food critic gloats after restaurant that blacklisted him collapses MSN
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Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell slightly in July 2025
The data showed that there were 116 company insolvencies registered in Scotland, slightly lower than the number in July 2024.
The total number of business insolvencies comprised of 68 CVLs, 43 compulsory liquidations, 4 administrations and 1 CVA.
There were no receivership appointments.
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Latest monthly statistics from the Insolvency Service show that personal insolvencies increased slightly in Northern Ireland, whilst business insolvencies fell in July 2025.
The data showed that there were 153 personal insolvencies. This was 1% higher than in July 2024. The insolvencies comprised of 114 IVAs, 9 bankruptcies and 30 DROs.
Business insolvency data showed that there were 14 insolvencies registered in July, which is 30% lower than in July 2024.
The business insolvencies comprised of 1 compulsory liquidation, 10 CVLs and 3 CVAs.
There were no administrations or receivership appointments.
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A levelling out of the monthly number of corporate insolvencies in England and Wales is adding weight to signs that the broader economy is showing tentative indications of recovery.
This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of figures published yesterday (19 August) by the Insolvency Service which show that corporate insolvencies increased only marginally by 1.4% in July to a total of 2,081 compared to June’s total of 2,053, and rose by only 0.1% against July 2024’s figure of 2,078.
R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “Corporate insolvencies remained broadly stable last month,…
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Diamond Comic Distributors is in danger of administrative insolvency, and its records are in disarray, according to statements in an August 5 court hearing in the company’s Chapter 11 bankruptcy case, for which a transcript was filed on August 15.
Administrative insolvency refers to an inability of the bankrupt company to pay its professional fees and other essential costs after filing for bankruptcy. Those essential costs can include payments to critical vendors necessary to keep the business operating while in bankruptcy. When that happens, the Chapter 11 bankruptcy is typically converted to a Chapter 7 liquidation.
We know that some of Diamond’s post-petition debts that were supposed to be paid have not been,…
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In a significant move that highlights the ongoing challenges in India’s infrastructure sector, the National Company Law Tribunal (NCLT) in Mumbai has admitted an insolvency plea against SU Toll Road Private Limited, a company linked to Reliance Infrastructure. The order, pronounced on August 18, 2025, marks the start of a Corporate Insolvency Resolution Process (CIRP) for the company.
The case was brought forward by the State Bank of India (SBI), which leads a consortium of lenders including Phoenix ARC, Punjab National Bank, and Bank of Baroda. According to SBI’s petition, SU Toll Road, a special purpose vehicle (SPV) created to manage a section of National Highway 68 in Tamil Nadu, had defaulted on a significant loan….
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If you take just one thing from this email…
Restructuring plans are now a lifeline for struggling companies. A restructuring plan is a legal deal with creditors that lets a company cut debts or get more time to pay, instead of collapsing into insolvency.
The High Court approved River Island’s plan even though its landlords opposed it, because the landlords would still get more under the plan than if the business failed. This shows how UK law now prioritises saving companies while still giving creditors some protection.
EDITOR’S RAMBLE
Last week, I was in Chicago and decided to put this message on LinkedIn
I didn’t expect much from it (most of my LinkedIn connections are in the UK).
…
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Possible restart for bankrupt potato processor CêlaVíta? Potato News Today
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7Anna, Parent Company of NS Bikes, Rondo & Creme, Files for Bankruptcy Pinkbike
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Electric school buses hit pothole after major supplier goes bankrupt E&E News by POLITICO