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.
Zimbabwe: Technical Assistance Report-Report on Data Quality Assessment for Public Sector Debt Statistics Mission (February 6–12, 2025) International Monetary Fund (IMF)
Tackling household debt alongside interest rate policy Thailand faces a combination of short-term and structural challenges, including the lingering effects
Solar glass manufacturer Borosil Renewables has announced that its step-down German subsidiary, Glasmanufaktur Brandenburg (GMB), has filed for insolvency under
The shipping industry, being the mainstay of international trade, is not left unaffected by economic highs and lows, which can lead to the downfall of the largest shipping companies. The bankruptcies impact the global chain while showcasing the vulnerabilities and pressures faced by maritime companies to remain competitive.
One of the most notable cases of bankruptcy recently is that of Hanjin Shipping, a South Korean conglomerate which was once the 7th biggest container shipping line in the world.
It was declared bankrupt in February 2017, which shocked the entire sector and led to the stranding of around $14 billion worth of cargo at sea and disrupting supply chains.
Thailand faces a combination of short-term and structural challenges, including the lingering effects of global trade tensions and persistently high household debt levels, which continue to weigh on domestic consumption.
According to the World Bank’s July edition of the Thailand Economic Monitor, household debt has declined slightly to 87.9% of GDP but remains the highest in ASEAN. Much of this debt is non-productive, such as consumer loans.
Roong said that many Thais, especially younger generations, are incurring debt earlier and for longer periods. Some retirees also remain trapped in the debt cycle due to inadequate financial literacy or unexpected life events.
Dartbrook coal mine. Image: Australian Pacific Coal
The Dartbrook coal mine in New South Wales has been placed into voluntary administration and receivership after making its return to operations in late 2024.
Situated in the Hunter Valley region, the Dartbrook coal mine is an 80:20 joint venture between Australian Pacific Coal and Tetra Resources.
On July 4, Australian Pacific Coal announced it had appointed Richard Hughes and Timothy Heenan from Deloitte’s strategy, risk and transactions business as voluntary administrators of Dartbrook Operations, the subsidiary in which Australian Pacific Coal operates the mine.
Dartbrook Operations was placed into administration last week after it was unable to repay a $US113.6 million ($175…
A former interpreter for the Dodgers’ Shohei Ohtani surrendered to authorities Monday in Pennsylvania to begin his federal prison sentence for bank and tax fraud stemming from the theft of funds from the three-time league MVP to pay off staggering gambling debts.
Mizuhara’s court proceedings took place in Santa Ana, but federal prison authorities confirmed to NBCLA that the 40-year-old was in custody in Pennsylvania. A spokesperson confirmed he was…
Solar glass manufacturer Borosil Renewables has announced that its step-down German subsidiary, Glasmanufaktur Brandenburg (GMB), has filed for insolvency under the German Insolvency Code before the jurisdictional court in Cottbus.
The company said it filed for insolvency due to the sustained deterioration in the European solar manufacturing ecosystem, with Chinese manufacturers flooding the market with underpriced solar modules. The influx of the cheaper Chinese components led several European module makers to shut down, resulting in a sharp decline in demand for solar glass.
GMB, which has a manufacturing capacity of 350 tons per day (TPD), was supplying solar glass to European manufacturers. Despite providing financial support of…
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A few years ago, it seemed like the dream of widespread student debt forgiveness was alive and well. And although the hopes of millions of borrowers across the country have since been dashed, there are moves that employers can make to help workers toiling under the burden of defaulted loans and garnished wages.
Student loan borrowers were able to take advantage of a repayments pause when the COVID pandemic began in 2020, but that expired in September of 2023. That same year, the Supreme Court struck down then-President Biden’s decision to cancel up to $20,000 in debt for qualified borrowers. And in May of 2025, a five-year reprieve for student loan borrowers who were in default on their loans expired. That means that…
