A DEBT expert who ran up nearly 40,000 of rent arrears on his 1.5million home has been declared bankrupt. Alan Harty, 41, failed to comply with an order to pay cash outstanding for 11 missed monthly payments. 1 Debt expert Alan Harty has gone bankrupt The money guru was taken to court by Glasgow-based landlord…
In a bid to address information asymmetry among investors, stock exchanges, BSE and NSE, on Friday came out with a framework for dealing with companies undergoing corporate insolvency resolution process. In the recent past, the exchanges have come across instances where the approved resolution plan provides for delisting of the company or write off/cancellation/extinguishment of…
The Resolution Professional must now disclose the resolution approval immediately, within 30 minutes of the oral order, NSE said. The Exchange said it will highlight the impacted securities according to the Resolution Professionals information (Image: Shutterstock) The NSE has issued a set of guidelines for companies to follow under the Corporate Insolvency Resolution Process (CIRP),…
This article first appeared in Forum, The Edge Malaysia Weekly, on July 5, 2021 – July 11, 2021. The past few months have seen business leaders placing their most tricky bets yet. With the ongoing pandemic and resulting lockdowns of varying degrees, businesses have been challenged in how they plan for their future, conserve cash…
I dont normally get to put a positive spin on the thorny topic of debt, but the latest 2020 Annual Report from the Insolvency Service of Ireland (ISI) has some good things in it. irst are the numbers of Personal Insolvency Arrangements (PIAs), down 3pc(only 3pc, that is, due to the pandemic clogging up courts…