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.
A once-thriving gym chain, which boasted high-profile investors and a clientele of sports stars, has sensationally collapsed, leaving prime commercial
Amna Nawaz: The Trump administration has reached a joint settlement with seven states that will effectively shut down a key
Longstanding trucking company seeks buyer as collapse looms  Herald Sun Read the original article here
An affordable jewellery chain has collapsed into administration but is continuing to trade while the company is assessed for a
East TN man orders $21K in cabinets only to discover company is undergoing bankruptcy liquidation  WATE 6 On Your Side Read
Land owning company gets control to complete Gurgaon project delayed by 11 years after NCLT nod  Times of India Read the
With the right approach in 2026, credit card users can start erasing their high-rate debt. Getty Images/iStockphoto If you find
ISTANBULThree international organizations jointly hosted experts from around the world on Wednesday in the Turkish metropolis of Istanbul to discuss
Newburgh’s Udny Arms Hotel facing liquidation as court orders company be wound up  Press and Journal Read the original article here
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Liquor empire collapse: Store sales before business failure under scrutiny  Stuff Read the original article here
Pakistan says record $2.37 billion debt market transaction helps cut power sector circular debt  Arab News Read the original article here

A once-thriving gym chain, which boasted high-profile investors and a clientele of sports stars, has sensationally collapsed, leaving prime commercial real estate in Sydney’s coveted Potts Point and inner-city Newtown, along with Brisbane’s bustling Fortitude Valley, in an uncertain future.

Hustle Boxing, co-founded by Tim McGann and Simon Maree, entered voluntary administration on Monday, according to the Daily Mail, just six years after its initial launch in Sydney.

The chain, which promised “the most unintimidating boxing class in Australia,” expanded into Brisbane in 2022, though that Queensland outpost entered liquidation two years later, foreshadowing the broader financial woes.

The collapse is a significant blow, not…

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Amna Nawaz:

The Trump administration has reached a joint settlement with seven states that will effectively shut down a key Biden era student loan relief program.

John Yang looks at what’s behind the change and what it could mean for borrowers in the months ahead — John.

John Yang:

Amna, it’s called Saving on a Valuable Education, or SAVE. It bases borrowers’ monthly payments on their incomes and provides a faster path to loan cancellation.

The Trump Education Department doesn’t like it. Instead, it’s created several other repayment options. And with this proposed settlement of a lawsuit brought by seven Republican states, they’re ending it.

But what about…

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Longstanding trucking company seeks buyer as collapse looms  Herald Sun

Read the original article here

An affordable jewellery chain has collapsed into administration but is continuing to trade while the company is assessed for a potential sale.

Kate Warwick, Kelly Trenfield, and John Park of FTI Consulting have been appointed joint and several administrators of Secrets Shhh, which is owned by Secrets International.

Secrets sells lab-grown diamonds and simulated alternatives online and in 23 stores around the country.

Secrets Shhh has entered voluntary administration. (Secrets Shhh)

“The business is trading as usual as much as possible while the administrators undertake an urgent assessment of the company’s operations, and have commenced a sales process and/or recapitalisation of the group,” Park said.

Where stock is available, orders…

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East TN man orders $21K in cabinets only to discover company is undergoing bankruptcy liquidation  WATE 6 On Your Side

Read the original article here

Land owning company gets control to complete Gurgaon project delayed by 11 years after NCLT nod  Times of India

Read the original article here

With the right approach in 2026, credit card users can start erasing their high-rate debt.

Getty Images/iStockphoto


If you find yourself spending your final days of 2025 compiling your financial resolutions for the new year, you’re likely not alone. With inflation rising in recent reports, unemployment at its highest level since 2021 and concerns over layoffs growing, millions of Americans may find themselves taking the same approach. And, if you have credit card debt, it’s vital that you start building a strategy right…

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ISTANBUL

Three international organizations jointly hosted experts from around the world on Wednesday in the Turkish metropolis of Istanbul to discuss early identification of addictive behaviors in people, particularly those fueled by social media and online gaming, which can lead to health issues.

The 3rd IFGC-WHO Meeting on Addictive Behaviours, organized by the International Federation of Green Crescent, the Turkish Green Crescent Society, and the World Health Organization, brought together experts from around the world to discuss the scope, nature, and processes of the public health approach to addictive behaviors, as well as the role of early diagnosis.

Opening the event, Mehmet Dinc, head of the Turkish…

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Newburgh’s Udny Arms Hotel facing liquidation as court orders company be wound up  Press and Journal

Read the original article here

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Liquor empire collapse: Store sales before business failure under scrutiny  Stuff

Read the original article here

Pakistan says record $2.37 billion debt market transaction helps cut power sector circular debt  Arab News

Read the original article here