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.
Andy Curry, head of investigations at the ICO, said: "Nobody should be made to feel uncomfortable or distressed after simply
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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

Andy Curry, head of investigations at the ICO, said: “Nobody should be made to feel uncomfortable or distressed after simply answering the phone.

“Our investigation found that this company showed complete disregard for both the law and the thousands of people they were aggressively pestering.”

The Secretary of State for Business and Trade accepted disqualification undertakings – voluntary disqualifications – from Liaqat, of Clarke Street, Stoke-on-Trent, and Ghulam, of Thorndyke Street, Stoke-on-Trent, and their bans started on Thursday.

The disqualifications forbid them from being involved in the promotion, formation or management of a company without court permission.

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It’s no secret that America has a debt problem. But did you know you can now help pay it down the same way you’d split a meal with a friend?

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That’s right. Under the “Gifts to Reduce the Public Debt” section on Pay.gov, the U.S. Treasury now accepts payments via Venmo and PayPal — in addition to debit cards, credit…

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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

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