Government extends temporary insolvency and bankruptcy protections – DynamicBusiness

Listen to this story To support businesses experiencing financial distress throughout COVID-19, the Australian Government introduced measures to relax insolvency and bankruptcy rules in March. These changes were set to draw to a close by 30 September, but have now been extended until 31 December 2020. Many commentators had predicted that the changes would need…

New report shows COVID-19 relief measures could be doing more harm than good – The Australian

A report issued by one of Australias leading credit agencies is warning COVID-19 insolvency relief measures will cause a domino effect of business shutdowns. Picture: NCA NewsWire / David Crosling A report issued by one of Australias leading credit agencies is warning COVID-19 insolvency relief measures will cause a domino effect of business shutdowns. CreditorWatch…

Personal insolvency applications reach record high – The Irish Times

Personal insolvency applications reached a record high in July, according to figures from business and credit risk analyst CRIF Vision-net. The Insolvency Service of Ireland (ISI) received 239 applications for personal insolvency arrangements, debt relief notices and debt settlement arrangements. This is a 125 per cent increase on the 106 applications made in July last…

Coles County warning sirens to be tested on Tuesday – Journal Gazette and Times-Courier

Return to homepage Please subscribe to keep reading. You can cancel at any time. Already a subscriber? Loading&hellp; No thanks, return to homepage. Sign Up Today and Support Local Journalism Enjoy more articles from Charleston & Mattoon’s Most Trusted Information Source. Subscribers can log in for unlimited digital access {{featured_button_text}} CHARLESTON A test of Coles…

Ex-banker jailed for 7.5 years in $1.6 million embezzlement case – RAPSI

12:22 11/09/2020 MOSCOW, September 11 (RAPSI) Moscows Tverskoy District Court has sentenced a former deputy chairman of board of the bank Legion Victor Brusentsev to 7.5 years in penal coliny for 122 million-ruble ($1.6 million) embezzlement, the press service of the Prosecutor Generals Office has told RAPSI. Additionally, Brusentsev has been fined 800,000 rubles ($10,700).…

Opening bankruptcy proceedings during COVID-19 pandemic – Newsletters – International Law Office

Introduction Bankruptcy through debt enforcement Bankruptcy by petition of the company More time to initiate restructurings and avoid bankruptcy due to COVID-19 Introduction Two main avenues exist for opening bankruptcy proceedings over a Swiss company: a creditor can initiate the procedure via debt enforcement; or the company can file a petition for bankruptcy with the…