Kenyans owed money by bioethanol firm Koko Networks have been given until Wednesday, April 8, 2026, to submit their claims, following the company’s decision to cease operations in the country. In a notice filed at the High Court on April 2, the company confirmed it has entered administration, with a virtual meeting of creditors…
Take note – story published 9 years and 3 months ago Skonto Football Club, the Riga-based team that used to dominate the national soccer scene, was declared insolvent December 5. Riga City Vidzeme District Court declared Latvian football club Skonto insolvent, newswire LETA learned, with Valdis Levkans appointed as the insolvency administrator. As reported, in…
India’s Parliament has approved amendments to the Insolvency and Bankruptcy Code (IBC) via the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, marking a significant step in how the country handles corporate financial distress. These changes aim to fix long-standing problems and make the system more attractive to investors dealing with distressed assets, both in India…
I nearly went bankrupt due to my extravagant lifestyle – Bella Shmurda confesses GhanaWeb Read the original article here
Parliament amends IBC to speed rescue of viable firms NewsBytes Read the original article here
The Parliament on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. The IBC was enacted in 2016 to create a time-bound mechanism to deal with companies that default on their loans — by reviving them through resolution or liquidating them if resolution is not possible. The amendment seeks to speed up the resolution…
Tashkent, Uzbekistan (UzDaily.com) — President Shavkat Mirziyoyev reviewed a presentation on reforming the country’s insolvency framework and introducing new approaches to financially rehabilitate struggling enterprises. Uzbekistan has been steadily implementing measures to develop the private sector, support entrepreneurship, and create a more favorable business environment. As a result, the number of individual entrepreneurs has exceeded 300,000,…
By Rick Archer · April 3, 2026, 3:54 PM EDT German dating service company Spark Networks had retained a team from Boies Schiller Flexner LLP to guide it through its return to the U.S. bankruptcy system as it seeks recognition under… To view the full article, register now. Read the original article here
If an airline does not voluntarily file for bankruptcy, it can also lose its air operator’s certificate (AOC) over the state of its finances. In the U.S., the certificate that grants an airline permission to sell and run flights is given out by the Federal Aviation Administration (FAA) and requires the holder to prove that…
Promoters or directors who have provided surety for a stressed company’s debt will be required to declare their holdings of crypto, jewellery, works of art, high-end watches, beneficial ownerships and foreign assets, as part of reporting personal wealth during bankruptcy resolution, according to the draft regulations floated by the insolvency regulator. The personal guarantors to…