Insolvency Guardian Media Centre
International legal practice Osborne Clarke has recently advised on the compulsory liquidation of NRS Healthcare, a prominent national supplier of equipment crucial for patient care. The company, headquartered in Leicestershire, has been instrumental in providing essential tools such as wheelchairs, hoists, specialist beds, and fall-monitoring pendants to approximately 40 local authorities across England. These arrangements support patients who are discharged from hospitals and those requiring ongoing medical and social care at home.
Despite the liquidation, special managers from PwC have been appointed to oversee operations, allowing NRS to continue trading during this challenging period. The decision for liquidation was made after…
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Claire’s store entrance in indoor mall, Idaho. (Photo by: Don and Melinda Crawford/UCG/Universal Images Group via Getty Images)
UCG/Universal Images Group via Getty Images
Teen and tween retailer known for its ear-piercing services and affordable, trend-forward jewelry and accessories has filed its First Day Pleadings with the Delaware Federal Bankruptcy Court in support of its Chapter 11 bankruptcy petition.
It outlines two paths forward for the troubled mall-based retailer. Under its go-forward plan, it must find a buyer for its remaining 800 North American stores after closing 700 stores, including all 120 Icing stores, its older sister brand, and 210 Walmart store-in-store locations.
Sarah Foss, Debtwire’s global head of…
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Technical Clinic on Sub-National Debt Sustainability Analysis and Medium-Term Debt Management Strategy in Abuja on August 5 – 7, 2025 Nigeria’s Debt Management Office
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“I was like, wow, this was amazing,” Hohler said of hearing of the debt forgiveness. “It felt like a gift from the universe, and then it didn’t happen.”
Scott Buchanan, the executive director of the Student Loan Servicing Alliance, a servicer trade group, said that he believes the Department of Education will start processing cancellation for borrowers in the income-based repayment plan, which Hohler is on, relatively soon.
“There’s going to be a hold harmless here,” he said. “If they determined that you met forgiveness eligibility two months ago and you made two payments since, you’re going to get those two payments refunded. I do understand how it can be a challenge.”
Buchanan said he also expects servicers…
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A buy now, pay later (or BNPL) loan is a form of short-term financing that allows consumers to pay their bill incrementally over several weeks or even months, rather than all at once.
Unlike credit cards, BNPL plans typically don’t charge interest. And providers don’t run a hard credit check, so the loans are particularly attractive if you have bad credit or no credit history.
According to a 2025 Lending Tree survey, nearly half of Americans have used a BNPL service like Klarna or Affirm and close to a quarter (23%) have had three or more active BNPL loans at one time.
First introduced in 2019, the BNPL phenomenon has grown from standalone providers to retailers like Walmart and Apple, and even online giants like Amazon and DoorDash….
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Bridlington postmaster made bankrupt suing Post Office and Fujitsu for £4 million The Scarborough News
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KUALA LUMPUR (Aug 8): Bina Puri Holdings Bhd (KL:BPURI), which faces multiple winding-up petitions, said it has sought the Corporate Debt Restructuring Committee’s assistance (CDRC) to mediate between the company and its lenders.
The move is part of the company’s effort to “restore itself to a solid financial position and effectively address its liabilities to ensure future sustainability” said Bina Puri, whose businesses include property development, highway concessions and power supply.
“Since April 2025, Bina Puri has been engaging its lenders to negotiate a debt restructuring scheme acceptable to all its lenders. The company believes that the involvement of CDRC to mediate is necessary at this juncture,” the company said in a…
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The National Company Law Tribunal (NCLT) Chennai bench of Justice Sanjiv Jain (Judicial Member) and Venkataraman Subramaniam (Technical Member) has held that claims arising from different work orders cannot be clubbed to cross the threshold limit for filing an insolvency petition under section 9 of the IBC. Furthermore, claims of multiple Operational Creditors cannot be clubbed into a single debt for the purpose of a petition under section 9 of the IBC.
The present petition has been filed under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The Petitioner submitted that the Corporate Debtor did not raise…
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Insolvency-related activity increases in Sussex and the South East SussexWorld
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The Basic Prosecution Office in Prizren has filed an indictment against F.Sh. for usury and…
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TMA submissions on corporate insolvency in Australia Herbert Smith Freehills Kramer
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Stay informed about the latest cases on Company Law with this comprehensive overview as we delve into the latest cases reported in the Company Cases (Comp Cas), focusing on critical issues such as resolution plan, moratorium, winding up and liquidation, deposit Insurance and credit guarantee.
(2025) 555 Comp Cas
Corporate Laws — Company Law — Winding up and Liquidation — Premises taken by company in liquidation on monthly rent basis — Application by landlord to hand over premises — Held, premises not required for purpose of winding up and liquidation process — Direction to hand over premises [Jaikishan Narang, HUF, In re, (2025) 255 Comp Cas 1]
Constitutional Law — Writs — Maintainability — Securities Appellate…