Personal insolvency regulator sends independence warning to practitioners – AccountantsDaily

Insolvency practitioners have been urged to steer clear of dual appointments, contentious referral relationships and other conflicts of interest as the regulator issues a new report shining a spotlight on independence threats. The Australian Financial Security Authority (AFSA) on Wednesday released a new report, Practitioner independence in the personal insolvency system, to clarify what practitioner…

Landlords challenge fairness of restructuring plan in landmark case – Out-Law.com

Restructuring plans were introduced into law at the height of the coronavirus crisis in 2020 to provide businesses with a new tool with which to overcome financial difficulty. The hearing to approve the restructuring plans proposed by Virgin Active is scheduled to commence on Thursday 29 April. If approved, the restructuring would bind opposing landlords…

Scottish company insolvencies expected to rise steeply – BBC News

By Douglas FraserBusiness and economy editor, Scotland image copyrightGetty Imagesimage captionThe number of insolvencies is expected to rise despite coronavirus restrictions easing The number of Scottish companies facing insolvency is expected to rise steeply as government loans have to be paid. It comes despite restrictions on the economy being relaxed. R3, the trade body for…

Researchers Determine Coelacanth Faked Own Extinction To Escape Massive Gambling Debt – The Onion

ANN ARBOR, MIAdmitting that the shifty fish has managed to evade detection by mankind for thousands of years, researchers at the University of Michigan Museum of Paleontology discovered Wednesday that the coelacanth successfully faked its own extinction in order to escape a massive gambling debt. For years we thought all but one related species was…

Greater Sudbury to petition province once again about helping Laurentian University – CBC.ca

Greater Sudbury council says it’s renewingits call to the province to intervene in the insolvency proceedings that are currently underway at Laurentian University. This is the second time the citywill officially petition the province on the matter, which began Feb. 1, when the university declared itself financially insolvent and entered restructuring proceedings under theCompanies’ Creditors…

Restructuring Deutsche Bank shows strongest quarter in seven years – Business Standard

The bank’s long-running restructuring showed in lower costs TopicsDeutsche|Banking sector|Banks AP | Frankfurt (Germany) Last Updated at April 28, 2021 13:58 IST Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as…