Debt dilemma: 160,000 bankruptcy cases stalled due to document delays | New Straits Times

KUALA LUMPUR: As of July, there are 159,781 unresolved bankruptcy cases in Malaysia, according to the Malaysian Department of Insolvency (MDI). MDI director-general M. Bakri Abd Majid attributed the delays primarily to individuals’ failure to cooperate by submitting essential documents. According to a Malay daily, these include lists of liabilities, completed statutory forms like the…

Business operations of insolvent paper and board merchant Inapa continue

The insolvent Inapa Group, comprising the German subsidiaries Inapa Deutschland GmbH, Inapa ComPlott GmbH and Inapa Packaging GmbH, continues to operate without restrictions. According to a press release, customers can place orders as usual. Suppliers are reportedly committed to Inapa and supplying the group as planned, the company stated. “The understandable initial reservations of our…

Steward Health Care files for Chapter 11 bankruptcy

Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Dallas-based Steward Health Care, the largest physician-led hospital operator in the country, filed for Chapter 11 bankruptcy this morning in the U.S. Bankruptcy Court for the Southern District of Texas, following months of financial struggles including missed payments to…

How Abengoa Group impacted the Spanish economy

EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…

Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions | 14 March 2024 | Canberra

Breakfast Seminar | Event | Canberra This event will be held on Thursday, 14 March 2024. We are delighted to extend a special invitation to you for our upcoming seminar ‘Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions’ focused on providing a comprehensive update on the insolvency market, small business restructuring, and addressing critical…