Delhi HC issues notice on petition challenging Insolvency and Bankruptcy Code 2016 – India Legal

The Delhi High Court on Monday issued notice in a petition challenging Section 10A of the Insolvency and Bankruptcy Code 2016. The petition was filed by Getamber Anand, the Chairman and Managing Director of the ATS Group, through Advocate Kartik Nayar, KN LEGAL, Advocates and Solicitors. On December 2020, the petitioner received a notice from…

Developer linked to Liverpool’s stalled sites made bankrupt – Liverpool Echo

A property developer linked to a number of stalled developments in Liverpool has been declared bankrupt. Kerry Tomlinson, 52, a well known figure in Liverpool’s property sector, was the director of Primesite Developments. The company was behind a number of ambitious property schemes but went into liquidation last March. In recent years Mr Tomlinson has…

Attorney-General floats bankruptcy changes, tougher sanctions against untrustworthy advisers – AccountantsDaily

Business Changes to the personal insolvency system, including reducing the default period of bankruptcy from three years to one year and tougher sanctions against dodgy advisers, have now been floated by the government. Business Jotham Lian 18 January 2021 1 minute read object(stdClass)#17022 (8) { [“image_intro”]=> string(65) “images/articleimages-391×261/850×492/Parliament-house-new1-ad.jpg” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(42) “Attorney-General floats…

Happy New Year – the Small Business Insolvency Reforms Come to the Party – JD Supra

For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian Government has implemented various reforms (both temporary and permanent) designed to provide relief to financially distressed businesses.…

Carillion: move to disqualify directors signals UK authorities getting tougher on ‘corporate wrongdoing’ – The Conversation UK

It was a dramatic end for government super-contractor Carillion when it crashed into insolvent liquidation in January 2018. Part-completed road projects, unfinished hospital buildings and disruption to hospital cleaning and catering heralded the end of this self-styled integrated support services business. Carillion owed its creditors over 1.5 billion, and when matters came to a head…

New guide to help Yorkshire consumers who are worried about debts – Yorkshire Evening Post

Eleanor Temple The document, Dealing with money worries a guide to your options, provides an overview of the potential solutions available to those who are worried about their personal finances. Weve developed this document to provide individuals with all of the information they might need about the various options they can access and to make…