Yourtravelshop.com Ltd, based in Ilford, London, had organised pilgrimages for over two decades and formally incorporated in 2004. In a notice published in the Gazette on July 26, it was confirmed the business had gone into liquidation with Donald Harper and Andrew Maak of The Insolvency Practice Limited appointed as joint liquidators as of July…
#SHOWBIZ: Stars in the red: 29 Malaysian celebrities file for bankruptcy to clear debts | New Straits Times … Read the original article here
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How Nigeria secured $30b Paris Club debt relief, by Okonjo-Iweala The Guardian Nigeria News Read the original article here
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The book examines the legal processes governing financially distressed companies, including administration, liquidation, receivership, company voluntary arrangements, schemes of arrangement, pre-insolvency moratoriums and cross-border insolvency. It also explores the insolvency regimes applicable to banks and insurance companies. Read the original article here
The Court therefore held that, when read harmoniously, the Resolution Plan did not preserve pending claims but instead extinguished them upon its approval. The Supreme Court has held that operational creditors cannot continue civil suits or arbitration proceedings for pre-insolvency dues after approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC),…
This series is adapted, with permission, from a Chinese-language series by our friend Marcus Ji, who looks at historical events through an economic lens. We have condensed and adapted the original for an international audience. According to data cited by the US Certified Financial Planner Board, roughly a third of lottery winners eventually declare bankruptcy…
IMF lifts Ghana from debt distress list, unlocks $371m The EastAfrican Read the original article here