The Insolvency and Bankruptcy Board of India (IBBI) has flagged instances of companies using the corporate insolvency resolution process (CIRP) for purposes other than resolving insolvency, including settling debts outside the normal recovery process, mitigating tax and other statutory liabilities and shielding assets from regulatory scrutiny. In a discussion paper issued on Friday, the insolvency…
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Aug 15, 2026 – 5.00am Jon Adgemis, Australia’s biggest bankrupt since Alan Bond, is fighting to keep the details of his financial collapse secret. Last week, he thought he was winning. He’d succeeded in delaying his appearance at a bankruptcy hearing that is examining the $1.8 billion implosion of his hospitality empire. And the Federal…
Banco do Brasil (BB) expects the delinquency outlook to improve after it rose again in the second quarter. On one hand, the state-owned bank is betting on a provisional presidential decree (MP) allowing farmers to renegotiate debt, as the crisis in the sector is pushing up delinquency rates in agribusiness and among individuals. At the…
Iowa schools get $10K to help cover lunch debt KCAU 9 News Read the original article here
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Harvey Nichols’ Dublin store has entered liquidation after the High Court heard that its Irish operating company was insolvent and unable to pay its debts. The business employs 33 people and has net liabilities of €28.2 million. Ms Justice Siobhan Stack appointed John Boland and Nicholas O’Dwyer of Grant…
Back to school season is a particularly expensive one, with spending on school supplies for K-12 students expected to hit the $43 billion range. According to Chicago-based Deloitte, parents plan to spend an average of $557 per child. Illinois parents are set to shell out even more, $794 per child. With inflation, rising costs from…
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