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.
History of bankrupt vegan activist revealed  The Australian Read the original article here
Amid reports that Malik Beasley is under investigation for allegedly gambling on NBA games, newly surfaced court records paint a
Film producer and former Olivado boss Gary Hannam declared bankrupt after leaky Auckland penthouse dispute  NZ Herald Read the original article
Company Insolvency Statistics, July 2024  GOV.UK Read the original article here
SBI Classifies Reliance Communications Loan Account As Fraud Amid Insolvency Proceedings  Goodreturns Read the original article here
Krungsri Securities (KSS) reports that the Thai Cabinet has approved an expansion of the “You Fight, We Help” debt relief
Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI  MSN Read the original article here
This week's TGIF examines the recent decision of the Federal Court in Reid, in the matter of Kununurra Panel Beating
Who will be the new owner of JP Associates, the Company drowning in over Rs 570000000000 debt? Adani, Jindal Vedanta,
Vatican-backed report calls for global debt relief amid climate crisis  Mongabay Read the original article here
UN aid meeting seeks end to Global South debt crisis  The Mountaineer Read the original article here
Image: XL Express One of Australia’s largest independent transport operators, XL Express, has entered voluntary administration after 35

History of bankrupt vegan activist revealed  The Australian

Read the original article here

Amid reports that Malik Beasley is under investigation for allegedly gambling on NBA games, newly surfaced court records paint a picture of a turbulent personal and financial life—marked by mounting debts to a barber, dentist, landlord, lender, and marketing firm.

According to documents obtained by The Detroit News on Tuesday, Beasley’s financial troubles have led to wage garnishments by both the barber and the dentist, despite his recent career resurgence with the Detroit Pistons. The FBI is currently investigating the 28-year-old guard for alleged wire fraud, gambling, and placing prop bets.

While playing for the Milwaukee Bucks, Beasley was sued by Cairo Cuts, a celebrity barbershop based in Milwaukee known for its NBA clientele….

Read the original article here

Film producer and former Olivado boss Gary Hannam declared bankrupt after leaky Auckland penthouse dispute  NZ Herald

Read the original article here

Company Insolvency Statistics, July 2024  GOV.UK

Read the original article here

SBI Classifies Reliance Communications Loan Account As Fraud Amid Insolvency Proceedings  Goodreturns

Read the original article here

Krungsri Securities (KSS) reports that the Thai Cabinet has approved an expansion of the “You Fight, We Help” debt relief program, extending key measures to assist Thai borrowers through September 30, 2025. The move aims to provide additional financial breathing room for individuals and small businesses, while also shoring up the stability of Thailand’s banking sector.

 

Expanded and New Measures

The “Direct Payment, Asset Retention” program has been broadened to include borrowers with payment arrears exceeding 365 days, as well as those overdue for just 1-30 days if they have previously restructured their debt. The criteria remain consistent: mortgage borrowers with loans below THB 5 million per institution, hire-purchase…

Read the original article here

Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI  MSN

Read the original article here

This week’s TGIF examines the recent decision of the
Federal Court in Reid, in the matter of Kununurra Panel Beating
Works (Holdings) Pty Ltd Ltd (in liq)
[2025] FCA 593 (Kununurra). In
providing a helpful summary of the principles applicable to
applications for pooling orders, the Court has also indicated that
the traditionally broad scope of section 90-15 of the
Insolvency Practice Schedule (Corporations) (IPSC) is not
without its limitations.

Key takeaways

  • Pooling orders are a handy tool available to liquidators
    appointed to multiple companies, allowing them to circumvent
    unnecessary and costly investigation into intercompany affairs and
    maximise payment to creditors of the companies as a whole.

  • A court must refuse…

Read the original article here

Who will be the new owner of JP Associates, the Company drowning in over Rs 570000000000 debt? Adani, Jindal Vedanta, Dalmia emerge among bidders  MSN

Read the original article here

Vatican-backed report calls for global debt relief amid climate crisis  Mongabay

Read the original article here

UN aid meeting seeks end to Global South debt crisis  The Mountaineer

Read the original article here

Image: XL Express


One of Australia’s largest independent transport operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment” of the company’s viability. SUBSCRIBE […]

Operator enters voluntary administration appeared first on PowerTorque.

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