The IBBI has notified two sets of regulations. The Dollar Business Bureau The Insolvency and Bankruptcy Board of India (IBBI) on Wednesday notified two regulations; one of them will allow not-for-profit companies having a minimum net worth of Rs 10 crore to act as an insolvency professional agency under the Insolvency and Bankruptcy Code. The…
Desirée Ward shuttled between two Central Texas community colleges for five years, sometimes teaching seven writing and humanities courses in a single semester. The pay isnt great, and theres no health insurance or retirement plan. But she loves teaching, particularly to first-generation college students like herself, and shes had another reason to stic… Read the…
By Reuters Published: 21:18 +11:00, 24 November 2016 | Updated: 21:18 +11:00, 24 November 2016 e-mail By Alasdair Pal and Himanshu Ojha CONSETT, England, Nov 23 (Reuters) – John Mawson and his wife Sandra live in a cramped one-storey home on a hill near Consett, an old steel town in the north east of England.…
Unicase provided full support during the liquidation of the representative office of a German company in Kazakhstan, the worlds leading provider of products and services for dialysis treatment. Assistance included preparation of documents, assistance with governmental agencies on the process of liquidation, advising on termination of labour relationships and other issues. The Unicase team was…
How do the EU Member States’ insolvency frameworks currently perform? The 2015 World Bank Doing Business Report ranks countries according to the efficiency of their insolvency frameworks on a scale of 0-16. The EU average is 11.6, which is 5% below the OECD average for high income countries (12.2). The efficiency of insolvency frameworks varies…
Today’s Homes, the Fyshwick building company that went into voluntary liquidation on Tuesday, is not expected to survive. “There will be no ability for Today’s Homes to trade through this. At best, we will be taking a project by project approach,” voluntary administrator, Eddie Senatore of Deloittes Restructuring Services, told Fairfax. Brendan Howe, of twenty20…
KUALA LUMPUR: A total of 1,022 credit card holders are declared bankrupt for failing to settle credit card debts in the period from January to June this year. Deputy Finance Minister Datuk Othman Aziz told the Dewan Rakyat on Thursday that the amount represented 0.03 per cent out of the 3.6 million credit card holders…
Despite the pie maker’s chequered past, the insolvency firm O’Brien Palmer has received approaches from various parties. Justin McManus Fast food chain Pie Face known for its smiley-faced pies is back on the market after going into receivership for the second time in two years. Insolvency firm O’Brien Palmer is finalising an information memorandum and…
ANNETTE TURNBULL-DEW/FAIRFAX NZ Paul Clifford Hibbs, pictured in 2001, is being investigated by the Serious Fraud Office. A company being investigated by the Serious Fraud Office as a possible ponzi scheme has been placed in liquidation. The order liquidating Hansa Ltd was made by High Court Associate Judge Rob Osborne in Christchurch on Thursday. The…