Ministries help eliminate medical burdens as debt grows – The Baptist Paper
Ministries help eliminate medical burdens as debt grows The Baptist Paper Read the original article here
Belwest company declared economically insolvent
The Economic Court of Vitebsk region has declared JLLC “Belwest” economically insolvent, and a sanitation procedure has been introduced for the enterprise. This was reported by the press service of the Supreme Court, Office Life writes . Павялічыць Illustrative photo The joint venture “Belwest” was founded in 1988 in Vitebsk with the participation of the…
Builder jailed for taking £400,000 from victims without declaring bankruptcy
A bankrupt builder has been jailed for a year after failing to declare his status when obtaining money from five people and leaving them in “unliveable” homes. Nigel Dinneen, 72, of Mickleover, Derby, took advanced payments for work without telling customers that he had been declared bankrupt in July 2019, as he was legally required…
Nitin Fire Protection Industries Reports Q3FY26 Results Under Ongoing Liquidation Process – scanx.trade
Nitin Fire Protection Industries Reports Q3FY26 Results Under Ongoing Liquidation Process scanx.trade Read the original article here
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Stoli Group’s US arm shifts to liquidation
The two US entities of vodka maker Stoli Group have filed motions to convert their bankruptcies into Chapter 7 liquidations. Stoli Group is the company behind Stoli Vodka Stoli Group USA and its Kentucky Owl American whiskey unit voluntarily filed for Chapter 11 bankruptcy in November 2024 after suffering “financial difficulties” and a two-month-long cyber…
How to Close a Business in Malaysia? – Malaysia Guide
Malaysian businesses may require closure for various strategic or operational reasons. Market conditions may render continued operations unviable, shareholders may seek to exit investments, or companies may need restructuring to optimize their corporate structure. Financial difficulties remain the most common driver, with insolvency affecting businesses across all sectors during economic downturns. WATCH Malaysia – A…
Lai Sun Group Subsidiary Silver Fusion Enters Creditors’ Voluntary Liquidation – TipRanks
Lai Sun Group Subsidiary Silver Fusion Enters Creditors’ Voluntary Liquidation TipRanks Read the original article here
S10A and S14 of IBC Do Not Bar Insolvency Proceedings against Personal Guarantors: NCLAT [Read Order]
In a recent decision, the National Company Law Appellate Tribunal (NCLAT) bench ruled that the moratorium under Section 14 and the suspension introduced by Section 10A do not bar the Corporate Insolvency Resolution Process(CIRP) against personal guarantors. The Tribunal stated that merely because the company is going through this process, it does not mean that…
Restructuring & Insolvency Laws and Regulations Report 2025-2026 Indonesia
1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Law No. 37 of 2004 on Bankruptcy and Delay of Payments (“Law 37/2004”) emphasises creditors’ rights over debtors and demonstrates that Indonesia can be seen as a creditor-friendly jurisdiction. While there are some limitations on the options that…