Insolvency Guardian Media Centre
Oracle-Blue Owl Split Over Data Center Rattles Markets Banking on AI Boom Bloomberg.com
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A former WealthSure planner who has been ordered to pay $1.7 million in damages to a client is unlikely to pay the claim after he declared himself bankrupt.
David Bertram was required to pay the claim after a stay of execution concerning him was discharged. However, he is unlikely to pay up after he declared himself bankrupt and an appeal by him was dropped by the trustee of his estate.
As a result, the claim will now shift to the trustee — the Official Trustee — and Wealthsure’s professional indemnity insurer QBE.
In May of this year Bertram was named head of distribution at Beacon Financial Planning, the group formed by the merger of Titanium Group and Financial Link and headed by former Australian Financial Services…
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Our global Restructuring & Insolvency team has a long-standing reputation for providing creative, solution-oriented advice and counseling to distressed businesses throughout our extensive global footprint. With a focus on middle-market companies, we have successfully guided our clients through out-of-court restructurings, refinancings, sales and other dispositions, US Chapter 11 and Chapter 15 reorganizations, UK administrations, receiverships and pre-packs and a variety of European insolvency proceedings. And, we are highly skilled at restructuring businesses in virtually every industry and sector, including in cross-border matters. In addition, we frequently represent management and directors of…
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Company director in multimillion liquidation case ‘failed to disclose’ €820k in a Revolut account Business Post
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Loop is being liquidated Coverager
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Norfolk Straw Products Ltd, based in Dereham, supplied animal feed, bedding and hay bales, which it delivered nationwide and into Europe via its HGV transport fleet.
Norfolk Straw Products in Dereham has entered liquidation (Image: NSP)
However, the company is now being voluntarily wound up, owing creditors in excess of £300,000, according to its statement of affairs on Companies House.
The company, based at Hill Farm, off Norwich Road, employed three people when it entered liquidation in October.
It followed a petition to wind up the company presented earlier that month by HMRC, which it owed more than £190,000 in VAT and PAYE.
Norfolk Straw Products had operated in Dereham since 2007 (Image: NSP)
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Tate Wine has been liquidated South Western Times
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The National Company Law Tribunal (NCLT) at New Delhi has ruled that a financial creditor cannot refuse to pay its share of insolvency costs after participating in Committee of Creditors (CoC) meetings where those costs were placed before members and approved.
A bench of Judicial Member Manni Sankariah Shanmuga Sundaram and Technical Member Atul Chaturvedi directed CFM Asset Reconstruction Pvt. Ltd. to immediately pay Rs 14.85 lakh towards Corporate Insolvency Resolution Process (CIRP) costs in the insolvency of Dr Jain Video on Wheels Ltd.
The tribunal said that once CIRP expenses are approved by the CoC, they attain finality and are binding on all creditors.
“This Adjudicating Authority is thus of the view that the Respondent…
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New Delhi: National Company Law Appellate Tribunal (NCLAT) should decide appeals filed before it in bankruptcy cases within three months, as timely decision-making at the appellate level is crucial for rapid resolution of distressed companies, the Lok Sabha select committee that reviewed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has said.
The original bill had proposed a 14-day window for admission of bankruptcy proceedings in National Company Law Tribunal (NCLT), the first judicial platform where a bankruptcy case is heard, but had not proposed any timeline for cases to be decided at the appellate level.
The committee, led by Bharatiya Janata Party (BJP) member of parliament (MP) Baijayant Panda, said in its report tabled…
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In a bid to stabilize public finances before the Petro administration concludes its term next August, Colombia is preparing to execute a series of aggressive debt management operations in 2026. The strategy, outlined by Ministry of Finance officials, seeks to alleviate fiscal pressure through a combination of international bond issuances, direct placements, and budget austerity.
Javier Cuellar, the director of Public Credit, told Reuters that the government intends to carry out “many” operations in both local and international markets….
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The new Managing Directors, Benno Leuthner (CEO) and Jan Diekmann (CTO), have officially taken up their roles, as announced by CustomCells. Following the conclusion of its insolvency proceedings earlier this year, the German battery pioneer is making a fresh start ‘with a significantly sharpened strategic focus.’
CustomCells will now focus on bespoke solutions for defence applications and high-performance solutions in motorsport—specifically mentioning Formula 1 and the World Endurance Championship (WEC), with its hybrid race cars in the ‘Hypercar’ class. The shift towards the defence sector had already become apparent: when it was revealed this summer that the insolvent company had found an investor, the strategic refocus was…
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