Insolvency Guardian Media Centre
Designerex Rescued from Administration Power Retail
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If you ask the Gen Zs or Alphas in your life, you’ll discover not only where they’re shopping is different — TikTok is the new shopping centre and Google search — but the funds they’re using to make purchases are also very different to millennials, Gen X and Boomers.
Up against cost-of-living pressures, Gen Z and millennials are, concerningly, leaning heavily on low-cost credit models to support their spending. Where previous generations may have put something on lay-by, Gen Z buys now, pays later.
In fact, 57 per cent of Gen Z and millennials report having used a buy now, pay later provider in 2024 — a 20 per cent surge for Gen Z from 2020, according to comparison site Finder.
Their research also identified that 38 per cent of…
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Irish owners refused licensing for Butlers Chocolate Café NZ thepost.co.nz
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Christchurch decorating company in liquidation owing $2.6 million The Press
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A Christchurch-based painting and maintenance company has gone into liquidation, with debts totalling more than $2.6 million.
Phil Clarke & Son Limited was placed into liquidation on 8 July 2025 following a special resolution by the company’s shareholder and director Daniel Clarke.
The appointed liquidator is Brenton Hunt of Insolvency Matters Limited.
According to the liquidator’s initial report, the company had been trading under financial strain after a major customer significantly reduced spending, which the director said left the business unsustainable.
Inland Revenue debt, including unpaid GST and PAYE, was also a contributing factor.
The business, formerly known as Phil Clarke Decorating Contractors, was incorporated in…
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The company owes millions of dollars to disties and unpaid superannuation to Mwave employees.
Esel sold Mwave to DigiDirect Group, prior to the company going under, and one distributor requested new administrators during the first creditors meeting, according to new documents.
CRN Australia has obtained a copy of minutes of the meeting held by ASIC on June 25 that show the DigiDirect Group purchased the company for more than $1 million, taking on employee entitlements.
The administrators noted that some superannuation continues to remain outstanding to employees, but investigations are continuing…
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Key Takeaways
- MicroStrategy holds 3% of all bitcoin, financed by $7.2 billion in debt.
- Analysts warn a price drop could force asset sales, risking a market cascade larger than Mt. Gox or 3AC.
- Critics say such centralization threatens bitcoin’s decentralized ethos and raises systemic risk.
MicroStrategy, the largest corporate holder of bitcoin, is drawing warnings from analysts over the risk its $71 billion position poses to the broader market.
Current holdings
The company currently holds 597,325 BTC, representing approximately 3% of bitcoin’s total supply.
This massive holding has been financed through $7.2 billion in convertible debt since 2020, with an average purchase price of around $70,982 per…
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Stepdad Kicks Teen Out After They Refuse to Give Him Their Money for Gambling AOL.com
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A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal (NCLT) to decide on the approval of bids for Hindusthan National Glass Industries in accordance with the directions passed by the Supreme Court.
“The adjudicating authority (NCLT) may proceed to hear and decide the plan approval application, as per the directions of Supreme Court dated May 16, 2025,” NCLAT said.
Over the resolution professional, the National Company Law Appellate Tribunal…
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Trying to service multiple debts can feel like standing behind a cooktop in a short-staffed kitchen – you’re always just one mistake from the whole thing boiling over.
Following years of the cost-of-living crisis post-COVID-19, many Australians now find themselves tied to personal debts such as car loans, credit card bills, and HECS/HELP fees as they try to pay off larger debts, like their mortgage.
At the same time, plenty of small and medium-sized enterprises (SMEs) are feeling the heat, with outgoing obligations hindering cash flows and their ability to invest.
Against this backdrop, debt consolidation is one lever borrowers can lean on to simplify finances and, in some cases, reduce repayments by securing a favourable rate.
Last…
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The insolvency appellate tribunal NCLAT has set aside NCLT‘s direction to change the resolution professional of debt-ridden Hindusthan National Glass Industries (HNG) and asked it to take a decision on the bids as per the Supreme Court‘s directions.
A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal (NCLT) to decide on the approval of bids for Hindusthan National Glass Industries in accordance with the directions passed by the Supreme Court.
“The adjudicating authority (NCLT) may proceed to hear and decide the plan approval application, as per the directions of Supreme Court dated May 16, 2025,” NCLAT…