Its never easy at the beginning of a relationship to plan for the end, but its nave not to. The best time to put mechanisms in place to protect yourself financially is at the start of a relationship. Once a relationship begins to sour, its almost impossible for couples to agree on anything, least of…
Notwithstanding the different legal frameworks for bankruptcy and insolvency in place in various countries, all of them have two leading objectives: to facilitate liquidation of financially unviable companies, and to protect the rights of and provide equal treatment to similarly-situated creditors and other stakeholders. The Indian insolvency framework in the form of the Insolvency and…
The 17th Tamil Nadu State Legislative Assembly chambers at Fort St. George will witness a historic event on August 2, as President Ram Nath Kovind inaugurates the centenary celebrations. The Legislative Assembly building built in the 17th century is a colonial-era icon, which has remained the central seat of power in the State until today.…
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics. Designation can be broadly interpreted to mean that the statistics: meet identified user needs; are well explained and readily accessible; are produced…
Released 30 July 2021 Next release 29 October 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) [email protected] Kate Palmer (responsible statistician) 1. Main messages for England and Wales One in 386 active companies (at a rate of 25.9 per 10,000 active companies) entered liquidation between 1 July 2020 and…
The travails of India’s first personal insolvency petitioner Top We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by continuing to use our site. To know more, see our Cookie Policy and Cookie Settings.Ok Read the full article at: https://www.thehansindia.com/business/the-travails-of-indias-first-personal-insolvency-petitioner-699116
Croydon Council has placed Coulsdon Manor Hotel and Golf Club up for sale due to the local authoritys financial crisis. The council effectively declared itself bankrupt last year, owing debts of about 1.5 billion, and it has now announced that it hopes to sell off various assets, including the golf club, to bring in millions…
Data Tables in Excel (xlsx) Format – Company Insolvency Statistics April to June 2021 MS Excel Spreadsheet, 201KB This file may not be suitable for users of assistive technology. Request an accessible format. If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format,…
Seattle The former President & CEO of Northwest Territorial Mint, a now-bankrupt company dealing in precious metals, was convicted today in U.S. District Court in Seattle of 14 federal felonies resulting from a Ponzi-like scheme that defrauded customers of millions of dollars, announced Acting U.S. Attorney Tessa M. Gorman. After more than three weeks of…
The Insolvency and Bankruptcy Code, 2016, is an epochal legislation to bring a paradigm shift in the manner of resolution of stressed companies that were unable to pay off their debts. However, of late, numerous criticisms have surfaced that the IBC is facilitating high haircuts (lesser recovery than admitted claims) to the lenders, which is…