Practical strategies and mindset shifts on how to pay down credit card debt, break free from shame, and build lasting financial confidence. When Jamie Feldman checked her bank account one sunny day in Prospect Park, she wasn’t expecting her stomach to drop. But with her $16,000 credit card nearly maxed out, no jobs lined up…
IBBI proposes a cap on assignments for insolvency professionals to curb delays and ensure equitable distribution of work. New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of…
New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency…
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They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at…
On 1 August 2025, PB-tec, specialised in horticultural technology and part of Atrium Agri, has acquired all assets from the bankrupt estate of CE-Line, which was declared bankrupt on July 22nd, 2025 by the Court of Midden-Nederland with appointment of Mr B.J. van Dijen as trustee. The acquisition includes, among other things, the intangible…
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Potato producer CêlaVíta has been declared bankrupt. The announcement was made on the afternoon of 12 August. Since 1967, the company has built its reputation as one of the best-known suppliers of potato products to supermarkets, the food industry, hotels, restaurants, and…
Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can’t disrupt insolvency Moneycontrol Read the original article here
China Evergrande liquidators say $255 million of assets have been sold MSN Read the original article here