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.
Powerlong Real Estate’s Liquidation Application Dismissed, Paving Way for Restructuring  TipRanks Read the original article here
Longstanding Australian transport operator Ron Crouch Transport has entered voluntary administration. The business first served a client in 1978 after
‘Heaviest of hearts’: Aussie truck business enters voluntary administration  Sky News Australia Read the original article here
One man, buried under $20,000 in online gambling debt, became homeless. A woman lost $13,000 and missed her last five
Australian jewellery retailer Secrets Shhh has been placed into administration, with a sales process underway in order to find a
Around 18 M’sians Declared Bankrupt Daily, With Most Of The Increase Coming From Youth Under 30 | WeirdKaya  Newswav Read the
Auckland developer Chenyang Wei put into receivership owing over $10m  BusinessDesk | NZ Read the original article here
The Cambodian Microfinance Association (CMA) and the Association of Banks in Cambodia (ABC) are continuing to help people affected by
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Liquidators move on company run by AFL star Pendlebury’s former manager  WAtoday Read the original article here
Australian gym chain collapses into administration  MSN Read the original article here

Powerlong Real Estate’s Liquidation Application Dismissed, Paving Way for Restructuring  TipRanks

Read the original article here

Longstanding Australian transport operator Ron Crouch Transport has entered voluntary administration.

The business first served a client in 1978 after being founded by Ron and Beverley Crouch, offering transport and storage solutions.

Over 45 years, Ron Crouch Transport has specialised in general and dangerous goods freight, warehousing and third party logistics.

The sad news was confirmed by executive director Geoff Crouch in a social media post.

“It is with the heaviest of hearts that I have had to take the necessary action of placing Ron Crouch Transport under the control of a voluntary administrator,” he says.

“For the purposes of clarity and to ensure facts are not misrepresented, I stress that this is a voluntary…

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Germany is experiencing its highest rate of company bankruptcies since 2014, with Creditreform Economic Research projecting around 23,900 insolvencies by the end of 2025. The increase reflects an 8.3 percent rise compared with last year, continuing a trend that saw bankruptcies climb more than 22 percent in both 2022 and 2023.

© Nejron | Dreamstime

Furniture manufacturers, interior design firms, and smaller décor companies are among those hit hardest. Many medium-sized enterprises are heavily indebted and face challenges securing new loans, while micro-enterprises, often employing fewer than ten staff, account for over…

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‘Heaviest of hearts’: Aussie truck business enters voluntary administration  Sky News Australia

Read the original article here

One man, buried under $20,000 in online gambling debt, became homeless. A woman lost $13,000 and missed her last five mortgage payments. A mother gambled away her son’s college tuition, piling up over $100,000 in debt.

Such dire stories — shared with gambling helplines in Pennsylvania and New Jersey in recent years — are on the rise. And for the growing number of people, the problem isn’t the casino, but the apps on their phones that let them gamble anywhere, 24/7.

“My family is hosting fundraisers for my son who had a stroke, and here I am, gambling on my phone,” one caller said. “What’s wrong with me?”

The Philadelphia media market — which encompasses the city, southeastern Pa., central and southern New Jersey —…

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Australian jewellery retailer Secrets Shhh has been placed into administration, with a sales process underway in order to find a potential buyer.

Kate Warwick, Kelly Trenfield and John Park of FTI Consulting were appointed as joint and several administrators of the retailer’s parent company, Secrets International Pty Ltd, on Wednesday.

Secrets International and its other subsidiaries – including Secrets Wholesale, Secrets Shhh Leasing, Secrets Shhh Franchising, Secrets Shhh Retail Leasing, Secrets Online, Simudia and Secrets Leasing – are all subject to the voluntary administration.

Secrets Shhh is known for its affordable jewellery range as an alternative to luxury items – selling sustainably-sourced, laboratory grown and…

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Around 18 M’sians Declared Bankrupt Daily, With Most Of The Increase Coming From Youth Under 30 | WeirdKaya  Newswav

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Auckland developer Chenyang Wei put into receivership owing over $10m  BusinessDesk | NZ

Read the original article here

The Cambodian Microfinance Association (CMA) and the Association of Banks in Cambodia (ABC) are continuing to help people affected by border clashes. Photo: Isa Rohany

PHNOM PENH – The Cambodian Microfinance Association (CMA) and the Association of Banks in Cambodia (ABC) are continuing to help people affected by border clashes.

They confirmed on December 10 they are implementing measures to ease the burden on affected communities.

The conflict has disrupted the lives and livelihoods of thousands in several provinces. To address this, the…

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Liquidators move on company run by AFL star Pendlebury’s former manager  WAtoday

Read the original article here

Australian gym chain collapses into administration  MSN

Read the original article here