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…
By Janene Pieters on Thursday, 10 September 2020 – 12:25 The number of companies declared bankrupt in the Netherlands decreased further in August to the lowest number in 21 years, Statistics Netherlands reported on Thursday. This likely has to do with the government’s coronavirus support packages, rescuing companies that may have gone bankrupt even if…
Datuk Shabudin Yahaya said a total of 945 youths were declared bankrupt between January and July this year. Bernama pic KUALA LUMPUR, Sept 10 A total of 945 youths, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Ministers Department, Datuk Shabudin Yahaya.…
Small businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until 31 December 2020. The law is helping reduce the threat of creditors taking action against small businesses. It is…
William D. Cohan: What exactly is Donald Trumps deal? At the same time, financial experts involved in those bankruptcies say that lenders to your companies lost billions of dollars, Wallace replied. With that record, why should we trust you to run the nations business? I have used the laws of this country just like the…
A federal government initiative to save thousands of businesses from sinking into insolvency during the pandemic was full of good intentions. But a new analysis suggests all it’s doing is creating a new breed of “zombie” companies and paving the way for a tsunami of insolvencies when the support measures end at the end of…
Corporate bankruptcies in the U.S. continue to grow during the coronavirus crisis as 24 companies joined 2020’s list of casualties and pushed the year-to-date total closer to 500, according to an S&P Global Market Intelligence analysis. A total of 470 companies have gone bankrupt this year as of Sept. 7, more than the number of…
A research firm says at least 500 companies in Japan have gone bankrupt since February due to the impact of the coronavirus outbreak. Teikoku Databank says a total of 500 companies legally declared bankruptcy or had suspended business and were preparing for legal liquidation as of Tuesday. By industry, restaurants topped the list with 69…
A federal government initiative to save thousands of businesses from sinking into insolvency during the pandemic was full of good intentions. But a new analysis suggests all it’s doing is creating a new breed of “zombie” companies and paving the way for a tsunami of insolvencies when the support measures end at the end of…
Tokyo, Sep 8 (Prensa Latina) The Teikoku Databank agency for market research said on Tuesday that 495 Japanese companies went bankrupt due to the Covid-19 pandemic from February to September 7. Most companies provide restoration services (69), hotel services (53) and clothing (34). The most affected city was Tokyo, where 122 firms went bankrupt. Since…