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.
Nation-leading program created by the Governor provides people who live and work in Maine a refundable tax credit for student
Sale and Investment Solicitation Process: KSV Restructuring Inc. – Blue Sky Resources Ltd.  BOE Report Read the original article here
Even though 2023's Dead Space remake was a hit both critically and commercially, publisher EA apparently has "no plans" to
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Following the announcement on 1 December 2025 by Minister of State for Courts and Legal Services Sarah Sackman KC MP,
Shares of Vedanta Ltd. gained as much as 2% on Thursday, December 4, to hit a 52-week high, the National Company
German corporate insolvencies to reach decade-high in 2025 By Investing.com  Investing.com South Africa Read the original article here
The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company
On 30 June 2025, a winding-up order was made against Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and
Grim update for thousands of Aussies left in the lurch after major super company collapsed  MSN Read the original article here
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British beauty brand Mallows Beauty has entered into liquidation, reportedly owing £1.9m to 57 creditors. The brand, known for its

Nation-leading program created by the Governor provides people who live and work in Maine a refundable tax credit for student loan payments of up to $2,500 annually

Governor Janet Mills announced today that her student loan relief program–one of the most generous in the nation–has provided more than $140 million in debt relief to Maine people with student loans since its creation three years ago.

In 2022, Governor Mills proposed — and the Legislature approved — a major overhaul of Maine’s student loan tax credit to make it more generous and easier to use and to help retain and attract young workers to Maine and encourage those here already to stay. Eligible Maine residents can be reimbursed through their state tax return for up to…

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Sale and Investment Solicitation Process: KSV Restructuring Inc. – Blue Sky Resources Ltd.  BOE Report

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Even though 2023’s Dead Space remake was a hit both critically and commercially, publisher EA apparently has “no plans” to develop another instalment in the series.

And perhaps even more revealing, there’s now talk of the company selling the horror IP off, in a bid to correct the debt that’ll inevitably envelop EA when its acquisition deal closes next year.

This is according to anonymous sources from within the publisher, as per Insider Gaming. Said sources are “hoping” that EA will want to move Dead Space on to a new owner.

Indeed, it sounds like Dead Space could be one of numerous properties to be leveraged; it’s described as being put “on ice”, suggesting that the publisher has no interest in continuing the franchise itself.

Just to…

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Following the announcement on 1 December 2025 by Minister of State for Courts and Legal Services Sarah Sackman KC MP, the Legal Aid Agency (LAA) is seeking to attract additional providers in the Housing and Debt and Welfare Benefits Categories of Law under the 2024 Standard Civil Contract (“2024 Contract”).

The Government announcement includes uplifting housing and immigration legal aid fees by 18 million a year – the first major civil legal aid fee increase since 1996. There are Housing and Debt and Welfare Benefits opportunities in the following areas:

  • Barnsley
  • Calderdale
  • Cheshire
  • City of Kingston upon Hull
  • Doncaster
  • East Riding of Yorkshire
  • Hartlepool
  • Herefordshire & Worcestershire
  • Knowsley
  • Leicestershire &…

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Shares of Vedanta Ltd. gained as much as 2% on Thursday, December 4, to hit a 52-week high, the National Company Law Tribunal (NCLT) Kolkata gave its approval for the Anil Agarwal-owned mining conglomerate’s resolution plan for the acquisition of Incab Industries Ltd for ₹545 crore.

Vedanta will acquire 100% of the paid-up capital and management control of Incab. The same will be an all-upfront cash payment, from Vedanta’s internal accruals.

Vedanta plans to complete the acquisition as per the order, within 90 days of the resolution plan approval. The resolution plan was under the Corporate Insolvency Resolution Process, in accordance with the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.

Incab Industries manufactures…

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German corporate insolvencies to reach decade-high in 2025 By Investing.com  Investing.com South Africa

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The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo.

Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson from Ferguson Hannam appointed.

However, Vailo owner Aaron Hickmann claims that he is aiming to resurrect the company, telling Adelaide’s The Advertiser that he hopes to achieve a Deed of Company Arrangement through the voluntary administration process regardless of the wind up order.

The Advertiser previously reported the Australian Taxation Office lodged a…

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On 30 June 2025, a winding-up order was made against Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited. The court appointed the Official Receiver, Gareth Jonathan Allen, as Liquidator.

Following an application made by the Official Receiver, the court has also appointed Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri and Samuel Ballinger of FTI Consulting LLP as Special Managers of the companies. The Special Managers have been appointed to assist the Official Receiver with the liquidations.

The Official Receiver will wind-up the companies in accordance with his statutory duties. He also has a duty to investigate the cause of the companies’ failure and conduct of…

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Grim update for thousands of Aussies left in the lurch after major super company collapsed  MSN

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:


1. Open the settings menu by clicking the hamburger menu in the top right

2….

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British beauty brand Mallows Beauty has entered into liquidation, reportedly owing £1.9m to 57 creditors.

The brand, known for its range of vegan skin and body care products, filed for liquidation on 27 November 2025, with Bethan Evans and John Cullen of Menzies LLP appointed as joining liquidators on 5 December.


Mallows Beauty was founded in spring 2020 by Laura Mallows and rapidly grew on social media, landing UK retail partnerships with Superdrug, Beauty Bay, Oliver Bonas and more.


At its peak, the brand achieved annual revenue of more than £5m, and received a six-figure equity investment from the Development Bank of Wales in 2024 – the third investment in the brand from the…

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