Electrical contractor has 2.7m of 2.9m debt written-off under … – The Irish Times

An electrical contractor will have some 2.7 million of a 2.9 million debt written-off under a personal insolvency arrangement (PIA) approved by the High Court. The arrangement, approved by Mr Justice Alexander Owens on Monday, includes the near halving of the 470,000 mortgage debt of Thomas Fahy from Cortoon, Claregalway, Co Galway. Approval was sought…

A big Louisiana oil company went bankrupt; small suppliers could be out millions – NOLA.com

A Metairie-based oil company thats one of the largest independent operators still working in the states shallow coastal waters has filed for bankruptcy protection, leaving dozens of south Louisiana service and supply companies facing potential bankruptcies of their own. Cox Operating LLC executives have blamed the pandemic, OPEC price wars, the hurricanes of 2020 and…

Successful resolution seen in 62% realty insolvency cases – Economic Times

The insolvency and bankruptcy cases of real estate companies have witnessed steady progress in terms of resolutions despite several complexities involved including troubled homebuyers in large numbers. The possibility of the government bringing in changes to the code to allow resolution depending on the nature of the projects instead of stipulating one rigid framework for…