Insolvency Guardian Media Centre
On Friday, days before 23andMe’s bankruptcy filing, California Attorney General Rob Bonta issued an urgent alert reminding 23andMe customers of their legal rights under state law – and called on them to consider deleting and destroying any genetic data held by the company. Bonta’s office pointed to 23andMe’s ongoing financial distress and the “trove of sensitive consumer data” the company has amassed.
Months of turmoil
23andMe was founded in 2006 with a promise to revolutionise the future of genetics and health care. The company became known for its saliva-based DNA testing kits – purchased by millions of customers eager to learn more about their ancestry – and later dived further into health research and drug…
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Philip Ballard, of Ballard Business Recovery, was appointed voluntary liquidator for Essentially Tiles last month and he has instructed Kumar and Company to auction off the company’s assets.
The Walsall chartered surveyors, valuers and auctioneers are running an online auction sale, which continues until Thursday July 17, which also includes two forklift trucks and a long wheelbase van as well as grouting and adhesives.
Based on the Stourbridge Estate, on Mill Race Lane, Essentially Tile’s warehouse is currently stacked with 5,000 different product lines.
Rajiv Kumar, managing director of Kumar and Company,…
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He was summoned from Pakistan to Mumbai by his cousin Prithviraj Kapoor; he assisted K Asif on Mughal-E-Azam and worked as a secretary to Geeta Bali. He debuted as a producer with a film starring Rajesh Khanna. But things fell apart some years later, when a major flop sent him spiralling into debt. He was too unwell to pay the money back, but was slapped with several legal cases. His son was forced to step up, which he did. The producer’s name was Surinder Kapoor, and he was the father of Boney Kapoor, Anil Kapoor, and Sanjay Kapoor. Surinder Kapoor came to Mumbai after the Partition, and lived in distant relative Raj Kapoor’s outhouse with his wife. The family then moved into a one-bedroom ‘kholi’ in Tilak Nagar, Mumbai.
In a…
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There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind La Perla.
The news from Italy comes shortly after the judicial liquidation of La Perla Global Management UK began in the UK. This company owns the La Perla brand and all its global assets. As recently as mid-January, a court in Bologna called a halt to the UK company’s sale of the brand.
The Italian branch that has now been declared insolvent has about 330 employees, according to media reports….
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Insolvency specialist Begbies Traynor has posted a near doubling of its pre-tax profits, driven by a rise in higher-value corporate failures and sustained demand for advisory services across the UK.
The firm, which is listed on AIM, reported pre-tax profits of £11.5 million for the year to 30 April 2025, up from £5.8 million a year earlier. Revenues rose by 12% to £153.7 million, from £136.7 million in 2024.
Executive chairman Ric Traynor said the results marked the company’s tenth consecutive year of profit growth, adding that the performance was “driven by strong levels of organic growth delivered across our broad range of advisory services”.
The firm said its business recovery division, which accounted for more than…
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Debts pass $16m in sticky situation for dairy business The West Australian
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Tile suppliers assets go under the hammer following liquidation TheBusinessDesk.com
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The Education Department will soon begin to charge interest on student debt for an estimated 7.7 million borrowers who’ve been in legal limbo since a repayment plan created by President Joe Biden was blocked in court.
The interest charges for people enrolled in the Saving on a Valuable Education, or SAVE program, will begin on Aug. 1, according to an Education Department official, although, for now, borrowers do not have to resume making loan payments.
The department plans to encourage affected borrowers to switch to other repayment plans currently offered by the Trump administration, the official said, adding that an announcement regarding the interest payments will be made on Wednesday.
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Ten habits that can help turn your spending around in a tough economy PNI Atlantic News
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Insolvency filings in May rise from April, but down from last year Toronto Star
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Adani Power shares rose for the second straight session as two positive factors triggerred a rally today. Adani Power stock climbed over 3% in early deals to Rs 615 against the previous close of Rs 596.70. The multibagger stock from the Adani Group rose after the firm completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.
VIPL is a 2×300 MW domestic coal-fired power plant in Butibori, Nagpur, Maharashtra. The company underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) cleared Adani Power’s
resolution plan….