Accountants increasingly exposed to bad debts, says insolvency regulator – AccountantsDaily

Accounting firms are increasingly at risk of being owed bad debts by business clients who go under, the Australian personal insolvency regulator has found. The Australian Financial Security Authority (AFSA) has marked accountants as one of six common businesses that are highly exposed to trade credit debt, with new statistics revealing that such debts are…

Slightly more bankruptcies in September 12/10/2020 15:00 Articles The number of corporate bankruptcies – Statistics Netherlands

Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2016 October 303 2016 November 417 2016 December 332 2017 January 336 2017 February 292 2017 March 304 2017 April 263 2017 May…

Interim moratorium shall continue to be in effect: Delhi HC in challenge to insolvency proceedings against personal guarantors – Bar & Bench – Indian Legal News

The interim moratorium under Section 96 Insolvency & Bankruptcy Code (IBC) shall continue to be in effect in all cases where an application under Sections 94, 95 has been filed, Delhi High Court said today as it listed the challenge to personal insolvency proceedings for arguments on November 10. (Anil Ambani vs SBI & Ors)…

945 people, some as young as 18, declared bankrupt from Jan-July this year – The Edge Markets MY

–A +A KUALA LUMPUR (Sept 10): A total of 945 people, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Minister’s Department, Datuk Shabudin Yahaya. He said that according to the Malaysian Insolvency Department (Mdl), more than 100 bankruptcy cases were recorded involving…

After 80 years of legendary Arctic sailing comes bankruptcy for Murmansk Shipping Company – Hellenic Shipping News Worldwide

Its ships were crisscrossing the icy and remote waters of the Soviet North, bringing goods and manpower to bases and meteorological stations across a vast and desolate area. The Murmansk seaport was bustling with its ships and sailors and the downtown office building was a powerhouse in regional economy. It is all part of a…