Performance Report Chief Executive’s Foreword Our customers are at the heart of everything we do As the Interim Chief Executive of the Insolvency Service, I am proud to present our Annual Report and Accounts for the year 2024-25. Our agency supports businesses and citizens, aligning our efforts with the UK Government’s mission to kickstart economic…
ASIC targets credit “repairers” after customers left bankrupt The Advertiser Read the original article here
ASIC will launch a review into the debt management and credit repair sector, as part of its continued focus on protecting consumers, particularly those experiencing financial hardship. ASIC Commissioner Alan Kirkland said: ‘We are concerned some licensees may be failing to engage in credit activities efficiently, honestly and fairly, leaving financially vulnerable consumers worse-off as…
One of Australia’s financial watchdogs is cracking down on dodgy debt managers following a string of incidents targeting vulnerable customers, including one woman who was told to declare bankruptcy for no reason. The Australian Securities and Investments Commission (ASIC) announced today it is launching a review of the debt management and credit repair sector to…
The National Company Law Tribunal (NCLT), Chandigarh Bench of Justice Harnam Singh Thakur, (Judicial Member) and Sh. Shishir Agarwal (Technical Member) has held that the claim of an allottee cannot be rejected solely on the ground of being a speculative investor. An allottee does not cease to be a financial creditor merely because they qualify…
ASIC targets credit “repairers” after customers left bankrupt Herald Sun Read the original article here
Personal insolvencies up as inflation bites The Australian Read the original article here
The Insolvency and Bankruptcy Code, 2016 (IBC) provides a market mechanism for reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. It is one of…
Pakistan’s Deputy Prime Minister Ishaq Dar made a bold pitch at the United Nations, warning that only 35% of the global Sustainable Development Goals (SDGs) are on track, and the rest are sinking under the weight of debt, climate disasters, and inequality. At the High-Level Political Forum on Sustainable Development in New York, Dar urged…
MH Joinery at Unit 11 of Colley Lane industrial estate officially passed a special resolution on 10 July, 2025 to be wound up voluntarily. Read More: Bridgwater shop shuts as council says ‘open for business’ Bridgwater restaurant closes after years of trading Farage pledges target to halve crime if Reform enters government It follows speculation…