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.
HONG KONG, July 20 — Hong Kong actor Jacky Heung has settled a gambling debt that recently landed him in legal trouble with a Macau casino operator, South China Morning Post (SCMP) reported.
On Wednesday, MGM China confirmed that the issue had been resolved and legal proceedings were dropped, just a day after it was reported that its subsidiary MGM Grand Paradise had filed a writ against the actor in the Hong Kong District Court.
“The matter involving Mr Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters,” the casino group said in a…
Experienced Tax Attorneys Provide Tailored Support for Individuals and Businesses Facing IRS Challenges
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LOS ANGELES, July 19, 2025 (GLOBE NEWSWIRE) — Legal Tax Defense, Inc., a trusted name in tax law representation, announces the expansion of its services through the addition of new legal staff, updated client support systems, and specialized offerings addressing ERC audits, and multi-state tax issues. With a team of seasoned tax attorneys and enrolled agents, Legal Tax Defense continues to offer personalized tax debt relief solutions designed to protect clients from aggressive collection actions and financial strain.
Individual-level company insolvency data for England and Wales, Scotland
and Northern Ireland were sourced from Companies
House
(except for compulsory liquidation data for England and Wales and
Northern Ireland, see below). Companies House conducts a series of basic
checks on the data, including the removal of duplicate records, prior to
supplying the Insolvency Service with monthly snapshots of data to
compile company insolvency statistics. Note that Companies House does
not verify the accuracy of all information filed, as outlined in their
disclaimer published on the Gov.uk
website.
Company moratorium and restructuring plan data are also sourced from
Companies House.
Just in: the number of companies in England and Wales falling into insolvency dropped last month.
The InsolvencyService has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024, when 2,430 companies failed.
That could ease some concerns over the health of the UK economy, as companies tackle rising inflation and higher taxes.
A chart showing company insolvencies in England and Wales Photograph: The Insolvency Service
Despite the drop, monthly company insolvency numbers in the first six months of 2025 were slightly higher than the second half of 2024, but remain lower than the 30-year annual…
NCLT holds Edelweiss ARC’s plea against Om Omega Shelters lacks financial debt criteria under IBC | Representational Image
Mumbai: The National Company Law Tribunal (NCLT) has dismissed a Corporate Insolvency Resolution Process (CIRP) petition filed by Edelweiss Asset Reconstruction Company Limited ( financial creditor) against Om Omega Shelters Private Limited Corporate Debtor).
The NCLT held that the relationship between the parties did not constitute a financial debt but rather amounted to an investment for profit, specially as the financial creditor had already taken control of the project through the Maharashtra Government’s amnesty scheme.
LOS ANGELES, July 19, 2025 (GLOBE NEWSWIRE) — Legal Tax Defense, Inc., a trusted name in tax law representation, announces the expansion of its services through the addition of new legal staff, updated client support systems, and specialized offerings addressing ERC audits, and multi-state tax issues. With a team of seasoned tax attorneys and enrolled agents, Legal Tax Defense continues to offer personalized tax debt relief solutions designed to protect clients from aggressive collection actions and financial strain.
In recent years, an increasing number of Americans have faced mounting tax debt as a result of economic disruptions and evolving IRS enforcement measures. Legal Tax Defense has responded…
Maloney believes the industry’s most positive shift is a broader, more client-centric approach – one that moves beyond the transaction.
“There’s been a real shift toward client-centric advice – and that’s a good thing,” she says. “More advisers are starting to think beyond the transaction and ask, ‘How can we set this person up for long-term success?’”
At MyFuture, this philosophy is embedded in the business model.
“We don’t just help clients access lending; we help them get rid of it, then we leverage that to create wealth,” Maloney says. “And we’re not paid by the banks, so there’s no conflict when we’re providing…
Actress Martine McCutcheon has declared bankruptcy a year after she split from her singer husband, Jack McManus, following 18 years of marriage
Martine McCutcheon has been declared bankrupt, court documents reveal(Image: martinemccutcheon/Instagram)
Love Actually star Martine McCutcheon has faced another setback a year after parting ways with her husband Jack McManus, and as she also mourns a former co-star.
The 49 year old actress has been declared bankrupt, as per court documents, following a petition for insolvency over a debt to a finance company, official public records indicate. This comes on the heels of her having to reduce the asking price for her Surrey home.
After the “Die With a Smile” singer made a surprise appearance onstage during Blackpink’s Deadline World Tour show in Los Angeles on July 13, where he joined group member Rosé to perform their duet “Apt.,” he posted about the moment on social media with a playful callback to a wild internet rumor about his finances.
“Almost out of debt BehhhhhBehhhhh!!!” he wrote in a post on Instagram July 14 alongside video from the performance. “Preciate You ROSAAAAYYYYYY!!!!”
The caption appears to be a reference to a report which originally circulated in March 2024, alleging that the 39-year-old had accrued a whopping $50…
