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.
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NBA veteran Marcus Morris was arrested Sunday on a fraud charge, Broward County booking records confirmed. Morris, 35, was apparently
On 1 August 2025, winding up orders were made against Nottingham Rehab Limited (trading as NRS Healthcare) and NRS Healthcare Limited. The
KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms  MSN Read the original article here
Adgemis’ $1.5bn bankruptcy on hold after dramatic intervention  The Australian Read the original article here
Recently, the Supreme Court of India answered a crucial question of whether an entry made in the balance sheet of
Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations
Iconic Gold Coast wetsuit maker faces liquidation wipe-out amid $1.5m debt  The Courier Mail Read the original article here
Timaru plumbing company in liquidation  The Press Read the original article here
Popular Auckland cafe chain had $640k tax bill before liquidation  Stuff Read the original article here
From the Chief Executive Officer I had the pleasure of attending the Government’s technology and innovation roundtable in Sydney today
The Australian Taxation Office has accused embattled pub baron Jon Adgemis of leading an extravagant lifestyle at the expense of

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Timestamp: 2025-08-01T11:06:32.579211103+00:00

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NBA veteran Marcus Morris was arrested Sunday on a fraud charge, Broward County booking records confirmed. Morris, 35, was apparently arrested at an airport due to “insufficient funds check,” per the arrest information.

While Morris has not commented on the situation, his brother, Markieff, confirmed the arrest on X, but claimed the fraud charge was “crazy.”

“The wording is crazy,” Markieff said. “Damn for that amount of money they’ll embarrass you in the airport with your family. They got y’all really thinking bro did some fraud s***. They could have came to the crib for all that. When y’all hear the real story on this s*** man. All I can say is Lesson learned. Bro will tell y’all tomorrow. This weird s*** gave me a headache….

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On 1 August 2025, winding up orders were made against Nottingham Rehab Limited (trading as NRS Healthcare) and NRS Healthcare Limited. The court appointed the Official Receiver, Gareth Jonathan Allen, as Liquidator.  

Following an application made by the Official Receiver, the court also appointed Mark James Tobias Banfield, Edward Williams, Helen Laura Wheeler-Jones, Adam Seres and David James Kelly of PwC as Special Managers of the companies. The Special Managers have been appointed to assist the Official Receiver with the liquidations.   

The Official Receiver will wind-up the companies in accordance with his statutory duties. He also has a duty to investigate the cause of each company’s failure and the conduct of…

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KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms  MSN

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Adgemis’ $1.5bn bankruptcy on hold after dramatic intervention  The Australian

Read the original article here

Recently, the Supreme Court of India answered a crucial question of whether an entry made in the balance sheet of a company can be classed as a de-facto acknowledgment of debt as stipulated in Section 18 of the Limitation Act, 1963, thus giving a further extension concerning the timeline of application as assigned under Section 7 of the Insolvency and Bankruptcy Code (IBC) 2016. The example of IL & FS Financial Services Limited versus. Adhunik Meghalaya Steels Private Limited (2025 INSC 911) contains a representative approach to the legal principles of this case and elucidates the use of their own directions on the Supreme Court regarding the extension of limitation of period due to pandemic of COVID-19.

Facts of…

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Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House.

Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no evidence was found of any true business activity.

The Insolvency Service investigations followed referrals from Companies House as part of the implementation of the Economic Crime and Corporate Transparency Act 2023, introduced to improve transparency over UK companies.

Companies House now has powers to remove false, misleading or incorrect…

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Iconic Gold Coast wetsuit maker faces liquidation wipe-out amid $1.5m debt  The Courier Mail

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Timaru plumbing company in liquidation  The Press

Read the original article here

Popular Auckland cafe chain had $640k tax bill before liquidation  Stuff

Read the original article here

From the Chief Executive Officer

I had the pleasure of attending the Government’s technology and innovation roundtable in Sydney today as part of a series of events leading up to the Treasurer’s economic reform roundtable later this month. It was a constructive and insightful discussion, led by Minister

Tim Ayres

and Assistant Minister

Andrew Charlton

, about how technology and innovation can build Australia’s productivity and resilience.

Universities were well represented in the room, with

Carolyn Evans

, in…

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The Australian Taxation Office has accused embattled pub baron Jon Adgemis of leading an extravagant lifestyle at the expense of his creditors and torn apart his proposed deal to avoid bankruptcy.

The Australian Financial Security Authority also raised major issues with Adgemis’ deal, intervening in a meeting of creditors on Friday, held by the trustees managing his affairs. It said the trustee’s investigations into his finances had been inadequate.

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