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Daily Archives: April 10, 2021

Business restructuring and new solutions a consideration in tough times – Australasian Leisure Management

BankruptcyBy Insolvency GuardianApril 10, 2021

With any business, no matter what its size, potentially facing a reversal of fortune, innovative thinking can be as important to your companys survival as capital. The business challenges of the past 12 months have brought into focus that any director or manager can be too close to their own business; so close in fact…

Composition of active mass under TRLC – Newsletters – International Law Office

BankruptcyBy Insolvency GuardianApril 10, 2021

Introduction Inclusions Exclusions Active mass of married persons Introduction Article 192 of the Consolidated Text of the Bankruptcy Law (TRLC) introduces the concept of the ‘active mass’ of a bankruptcy, which constitutes all of the assets and rights integrated into the bankrupt’s assets on the date of the declaration of bankruptcy, as well as those…

Cruise Ships That Sit in Limbo Status – Cruise Industry News

BankruptcyBy Insolvency GuardianApril 10, 2021

A number of cruise ships sit laid up awaiting their fate due to the COVID-19 pandemic, whether its a new brand and a return to cruising, or the eventual demolition market. SatoshiCapacity: 1,590Tonnage: 70,000Year built: 1991 The Satoshi (pictured above) seems to have escaped the breakers after being sold to new owners. Previously Alang-bound, the…

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