January 27, 2021 - Insolvency Guardian

USDA Temporarily Suspends Debt Collections, Foreclosures and Other Activities on Farm Loans for Several Thousand Distressed Borrowers Due to Coronavirus – USDA.gov

Debt HelpBy Insolvency Guardian January 27, 2021

WASHINGTON, Jan. 27, 2021 Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture today announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA).…

Insolvency Trends To Watch As Pandemic Failures Threaten – Law360

LiquidationBy Insolvency Guardian January 27, 2021

Law360, London (January 27, 2021, 5:30 PM GMT) — Since the coronavirus pandemic hit the U.K. in March last year, legislative protections and government packages have helped keep at bay the massive wave of corporate insolvencies that had been expected. But the economic support has to come to an end at some point, and lawyers…

Going viral: Timeline shows how COVID-19 infected Queensland – Brisbane Times

LiquidationBy Insolvency Guardian January 27, 2021

Brisbane Times takes a look back at how the virus spread through Queensland, and some of the states near misses. January 2020 January 9: The World Health Organisation releases a statement regarding cluster of pneumonia cases in Wuhan. The WHO does not recommend any specific measures for travellers. January 11: China reports the first death.…

ASIC consults on financial reporting and AGM deferral relief for companies in external administration – Mirage News

LiquidationBy Insolvency Guardian January 27, 2021

ASIC has today released Consultation Paper 337 Externally administered companies: Extending financial reporting and AGM relief (CP 337) seeking feedback on proposals to reduce the regulatory burden for externally administered companies. ASIC is proposing to expand the relief in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 (LI 2015/251) to companies where a voluntary administrator, controller or…

Insolvency Trends To Watch As Pandemic Failures Threaten – Law360

LiquidationBy Insolvency Guardian January 27, 2021

What SME directors need to know about new insolvency rules | MyBusiness – My Business

BankruptcyBy Insolvency Guardian January 27, 2021

These rules, which absolved directors from personal liability if their businesses traded while insolvent, have been replaced by legislation that includes a new, streamlined SME restructuring process that came into force on 1 January. As of that date, a company with debts due and payable, that they cannot pay, is technically insolvent and its directors…

Kerala HC issues notice to Virat Kohli, Tamanna on plea seeking ban on online gambling in Kerala – The Hindu

GamblingBy Insolvency Guardian January 27, 2021

The celebrities are the brand ambassadors of online rummy games. The Kerala High Court on Wednesday issued notice to Indian cricket team captain Virat Kohli and the state government in a plea seeking ban on online gambling in the state. Besides Kohli, a division bench, headed by Chief Justice S. Manikumar, also issued notices to…

My daughter killed herself with £36,000 gambling debts – Daily Mail

GamblingBy Insolvency Guardian January 27, 2021

My daughter killed herself with 36,000 gambling debts: Mother tells of heartbreak over 32-year-old’s suicide after her betting habit spiralled out of control Kay Wadsworth said that her daughter Kimberley, 32, started betting in 2015 Business developer blew in fortnight the 36,000 her mother gave to pay debts Mrs Wadsworth said Kimberley was a beautiful…

UK debt relief limits under review as economic impact of Covid-19 bites – Out-Law.com

Debt HelpBy Insolvency Guardian January 27, 2021

The proposals would see the total amount of debt permissible to enter a DRO increase from 20,000 to 30,000. The value of assets owned by individuals accessing a DRO would increase from 1,000 to 2,000, and the level of surplus income from 50 to 100 per month. DROs were introduced in 2009 as low-cost and…

Don’t fall for these 3 debt consolidation myths – Fox Business

Debt HelpBy Insolvency Guardian January 27, 2021

A debt consolidation loan can help you streamline debt repayment. (iStock) If your personal finance goals include paying off outstanding debt, consolidation is one solution to consider. A debt consolidation loan allows you to combine credit card debt and other types of debt into a single personal loan. Continue Reading Below While you could open…

Daily Archives: January 27, 2021