Restaurant in liquidation after 33 years in central Auckland – Stuff
Restaurant in liquidation after 33 years in central Auckland Stuff Read the original article here
Personal bankruptcy rate by state U.S. 2023
In 2023, Alabama had the highest personal bankruptcy filing rate in the United States. In Alabama 346.72 inhabitants per 100,000 had filed for bankruptcy. In comparison, Alaska had the lowest bankruptcy filing rate, where 25.77 inhabitants per 100,000 filed for bankruptcy. Filing for bankruptcy Bankruptcy is a legal process that occurs when a person, business,…
Landmark Cross-Border Insolvency Case Sees Court Vary Summons and Order Trustees to Pay Security for Costs – Lexology
Landmark Cross-Border Insolvency Case Sees Court Vary Summons and Order Trustees to Pay Security for Costs Lexology Read the original article here
Germany's corporate insolvency surge raises economic fears – MSN
Germany’s corporate insolvency surge raises economic fears MSN Read the original article here
Slew of laws likely in 2025 to fix insolvency – Banking & Finance News
The coming year will likely see significant changes to the insolvency resolution regime for better operational efficiency and output, in a break from the slowdown seen in the past year. The insolvency and Bankruptcy Code (Amendment) Bill is expected to be tabled in Parliament early next year, to introduce group insolvency, and the laws needd…
Biden Withdraws Proposals on Trans Athlete Protections — and Student Debt Relief While He’s At It
Kevin Dietsch/Getty Images Sign up for The Agenda — Them’s news and politics newsletter, delivered to your inbox every Thursday. The Biden administration has withdrawn its efforts to provide protections to transgender student athletes and forgive student loans. The Department of Education (DOE) issued a document explaining the withdrawal in the Federal Register on Friday,…
Jubilee USA Partners With Caritas International in Debt Relief Campaign for Poor Countries| National Catholic Register
Caritas Internationalis Director of Integral Human Development Victor Genina Cervantes explained to the press that the multiyear program would function by rallying public support for its debt-relief advocacy. Continuing St. John Paul II’s mission from the 2000 Jubilee, a U.S.-based… Read the original article here
The Corporate Insolvency and Governance Act 2020 (CIGA) | Global law firm
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
The new Corporate Insolvency and Governance Act: Implications for asset-based lenders | Global law firm
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
Where is the insolvency market going in 2023? – Insolvency/Bankruptcy
Where is the insolvency market going in 2023? Corporate insolvency appointments at highest rate since November 2020. 2023 is promising to be a volatile and interesting year, with a lot of uncertainty, especially as we look forward to the latter half of 2023. Corporate insolvencies Corporate insolvency appointments started the year at a low point,…