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.
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
A major shake-up to student loan repayments is set to provide financial relief for more than three million Australians, including
Financial counsellors are calling on the tax office to give small businesses and individuals more time to pay tax debts,
Insolvency appointments July 19 to August 1 2025  businessnews.com.au Read the original article here

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 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

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 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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A major shake-up to student loan repayments is set to provide financial relief for more than three million Australians, including many in the Goulburn Valley.

The federal opposition has confirmed it will back Labor’s proposed 20 per cent HECS debt reduction, with the legislation introduced last week.

The change could shave an average of $5500 off student loan balances and raise the minimum repayment income threshold.


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Financial counsellors are calling on the tax office to give small businesses and individuals more time to pay tax debts, as the level of money owed sees calls to the debt helplines hit unprecedented levels.

More than 65 per cent, or $36.6 billion, of the $55.9 billion in total debt owed to the Australian Taxation Office (ATO) is owed by small business, according to the agency, which said much of that is undisputed debt.

But the ATO’s increased use of its extraordinary powers to recoup tax debts is sending more small businesses under, and putting people into severe financial hardship.

“We’ve seen increased activity across that full spectrum of debt collection methods,” Australia’s Tax Ombudsman Ruth Owen said.

My concern is about how they…

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Insolvency appointments July 19 to August 1 2025  businessnews.com.au

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