Mp Contestant Seeks Court Quash Bankruptcy Order Against Him – New Vision

Under the law, a person declared bankrupt is disqualified from holding any key government office. Justice Duncan Gaswaga of the Commercial Court declared Ndawula bankrupt following a bankruptcy application filed by Hirra Traders, Uganda Limited on August 31, 2020. File Photo Under the law, a person declared bankrupt is disqualified from holding any key government…

BUSINESS LIFELINE TO END NYE DISTRESSED BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP – PRWire

Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…

JobKeeper, insolvency and HomeBuilder: The early-January policy changes SMEs need to know about – SmartCompany.com.au

This year, the federal government passed a range of new legislation to help small businesses withstand the effects of the COVID-19 pandemic. While some of these initiatives are familiar, such as JobKeeper and changes to insolvency, from January 1, 2021, important changes will occur. Here are four changes SMEs need to know. 1. JobKeeper extension…

Bourbon Completes Financial Restructuring but Plans to Reduce Fleet – The Maritime Executive

Bourbon Arctic – Bourbon photoBy The Maritime Executive 12-16-2020 06:33:36 The Commercial Court of Marseilles approved the recovery plan for Bourbon Maritime after an agreement was reached with the creditors. The decision completed the reorganization proceedings that began nearly 18 months ago. The company expects to complete the financial and capital restructuring of the group…

Expect the UK’s debt time bomb to explode in two years’ time – The Guardian

Heres two contradictory datasets: one from the Citizens Advice Bureau, reporting that 600,000 more people are falling into ruinous debt, unable to pay their energy bills; the other from the UK Insolvency Service revealing that individual bankruptcies and debt relief orders have fallen over the last year, and dramatically so. Yet both paint an accurate…