Liquidation In Jindalee. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to pay…
Liquidation In Ivanhoe East. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to…
Liquidation In Ingleburn. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to pay…
Liquidation In Hughesdale. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to pay…
Liquidation In Home Hill. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to…
The government is reportedly working on the rules for personal bankruptcy. This is ambition, indeed. Of course, there is nothing wrong with the concept. The problem is with the legal infrastructure India has in place: its size and capacity are puny in relation to the size of the population and the potential demand for bankruptcy…
The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency resolution process) of the company,”…
Published: 27 Jul 2017, 12:05 Leclanché battery storage system at a large remote microgrid project. image: Younicos. Swiss battery maker Leclanché could apply for listing on a US stock exchange and is targeting the acquisition of an energy management storage software company, despite emerging from a recent period of technical insolvency. Leclanché held its annual…
MUMBAI: The Supreme Court has used special powers to allow a company to withdraw from insolvency proceedings after both parties, the borrower and the creditor, arrived at a mutual settlement on the loan. The judgment assumes significance since the provisions of the new recovery law, the Insolvency and Bankruptcy Code, does not allow either of…
A SQUEEZE on incomes as a result of Westminster austerity is behind a 17 per cent increase in personal insolvencies, according to Scotlands Business Minister. Paul Wheelhouse made the comments after the latest data showed debts forced 2839 people to either become bankrupt or take out a protected trust deed over the period April to…