Debt fund allowed to appeal debt deal that enabled man to keep 1.8m farm – Irish Examiner

A debt fund has persuaded the Supreme Court to hear its appeal against approval for a personal insolvency arrangement (PIA) allowing a man to keep his 1.8 million farming assets. Promontoria (Oyster) DACs appeal relates to the personal insolvency arrangement of Co. Wexford-based Fergus OConnor (47), who had debts totalling 1.1 million. It is understood…

Sri Lanka’s health crisis – The BMJ

Shashika Bandara, PhD candidate1, Inosha Alwis, lecturer2 1PhD candidate, Department of Family Medicine, Faculty of Medicine and Health Sciences, McGill University, Montreal, Quebec, Canada 2Lecturer, Department of Community Medicine, Faculty of Medicine, University of Peradeniya, Kandy, Sri Lanka Correspondence to: S Bandara shashika.bandara{at}mail.mcgill.ca Urgent action is needed to maintain vital services Sri Lanka is facing…

Global insolvencies should prompt SA companies to re-evaluate IT risk – IT-Online

The increase in insolvencies worldwide should prompt directors of South African companies to re-look how they will secure their own business continuity should any of their key suppliers fold and stop providing them with mission-critical systems. And, while doing so, theyd be smart to consider active software escrow as the simplest and most cost-effective solution…

Corporate Insolvency Under The Companies and Allied Matters Act 2020, Nigeria – Tekedia

The Companies and Allied Matters Act CAMA 2020 was signed into law by President Muhammadu Buhari and serves as the apex regulatory guide for Corporate practice in Nigeria. Unlike the previous CAMA 2004(now repealed), the new CAMA has certain provisions governing Corporate Insolvency practice in Nigeria which revolves around the methods and processes used to…

Laurentian emerges from insolvency ahead of Nov. 30 deadline – iHeartRadio.ca

Laurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…

Australian insolvency numbers continue to decrease – Savings.com.au

The Australian Financial Security Authority (ASFA) has published data that continues an encouraging annual decrease in personal insolvencies. A total of 2,410 personal insolvencies were recorded in the September 2022 quarter, down 8.1% from the same time in 2020. Of these, 59.2% were bankruptcies and 39.5% were debt agreements, with the remainder personal insolvency agreements…

Laurentian emerges from insolvency ahead of Nov. 30 deadline – CTV News Northern Ontario

Laurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…

High Court approves 170m debt write-off for Cork property developer Barry Harte – Irish Examiner

The High Court has approved a Personal Insolvency Arrangement (PIA) allowing a former property developer and investor write-off approximately 170m of debt owed to parties including Nama and various financial institutions. The PIA was made in favour of 55-year-old Barry Harte, from Timoleague, Bandon, Co. Cork, who is to provide a total of 80,000 to…