ONLY 1,022 out of 3.6 million credit card holders have been declared bankrupt for failing to settle debts from January to June this year, says Deputy Finance Minister Datuk Othman Aziz. A majority of them were aged 45 and above, and only 10 of them were between 21 and 30 years old, he added. To…
By: ENS Economic Bureau | Mumbai | Published:November 25, 2016 3:21 am Model bye-laws, governing board of Insolvency Professional Agencies notified. The stage has been set for the introduction of a new category of professionals in India who will deal with the process of insolvency in the country. In a move that will speed up…
The Insolvency and Bankruptcy Board of India (IBBI), the apex regulatory body under the new bankruptcy code, has constituted two high-profile panels to advise it on key issues on the upcoming framework, which the government and various stakeholders see as a key reform. The advisory committees, which have representation…
A Taiwanese film titled “Betelnut Girls“() which tells the story of a single mother who while working as a “betel nut beauty” to make a living for her son, develops a romantic relationship with rookie cop, will be opening tomorrow Nov. 25 in theaters across Taiwan. The term betel nut beauty () is used to describe…
Leipzig-based sales company Deckert Distribution has acquired worldwide sales rights to Levan Koguashvilis Gogitas New Life, a production from Koguashvilis own label Kino Iberica in Georgia, made in co-production with Croatias Embrio Russias Moskvitch Studio and Tato Film, based in the Ukraine. Selected for Karlovy Varys Docu Talents workshop this year, Gogita follows a mans…
By Reuters Published: 21:18 +11:00, 24 November 2016 | Updated: 21:18 +11:00, 24 November 2016 e-mail By Alasdair Pal and Himanshu Ojha CONSETT, England, Nov 23 (Reuters) – John Mawson and his wife Sandra live in a cramped one-storey home on a hill near Consett, an old steel town in the north east of England.…
How do the EU Member States’ insolvency frameworks currently perform? The 2015 World Bank Doing Business Report ranks countries according to the efficiency of their insolvency frameworks on a scale of 0-16. The EU average is 11.6, which is 5% below the OECD average for high income countries (12.2). The efficiency of insolvency frameworks varies…
KUALA LUMPUR: A total of 1,022 credit card holders are declared bankrupt for failing to settle credit card debts in the period from January to June this year. Deputy Finance Minister Datuk Othman Aziz told the Dewan Rakyat on Thursday that the amount represented 0.03 per cent out of the 3.6 million credit card holders…
Despite the pie maker’s chequered past, the insolvency firm O’Brien Palmer has received approaches from various parties. Justin McManus Fast food chain Pie Face known for its smiley-faced pies is back on the market after going into receivership for the second time in two years. Insolvency firm O’Brien Palmer is finalising an information memorandum and…
Receivers have closed 11 of Pie Faces remaining company-owned stores after being appointed to one of the companys entities late last month, and the group could be facing a new owner in the near future with a number of parties expressing interest to receivers as part of a tender process for the business. It is…