National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period of April 1, 2020…
Concerns over constitutional property rights are hampering efforts to enhance the ability of the State’s personal insolvency regime to benefit indebted farmers. lthough the regime has predominantly been associated with keeping debtors in their family home, the mechanism has been used in a number of landmark cases involving farms in recent times. Calls have been…
NO liquidation appointment notices have been listed for businesses in the Scenic Rim Local Government Area so far today. The total for the past year is 14. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Queensland-based companies operating without an ABN were omitted…
The emergency funding will cover services until 18 May Transport for London (TfL) has accepted the Governments offer to extend its bailout by seven weeks, despite calling for a longer-term deal. A 260 million (US$360.5 million) injection will be provided to cover the 31 March-18 May period, plus another 225 million dependent on fare revenue.…
Primesite’s stalled The Rise has since been picked up by Legacie Developments 22 Mar 2021, 11:19 Dan Whelan Having been declared bankrupt in January, the man behind several troubled Liverpool developments is now being investigated by the Insolvency Service. The Government department confirmed this morning it had launched an investigation into the conduct of the…
Financial literacy edu a vital tool against youth bankruptcy Published on: Monday, March 22, 2021 By: Bernama Text Size: The Star picture – for illustration only. Kuala Lumpur: Financial literacy education is a must for students, advocates a financial services industry trainer.Education is vital, they should start young, whereby one or two periods on financial…
A Mayo senator has welcomed new legislation – the second stage of which is currently passing through the Oireachtas – which protects the family home in personal insolvency cases. Senator Paddy Burke said the Personal Insolvency (Amendment) Bill 2020 removes the requirement that an insolvent debtor is only eligible under the Act to apply for…
Tennis legend Boris Becker gave 120,000 in backhanders to his wife and his ex to evade bankruptcy rules, court hears Boris Becker, 53, was declared bankrupt four years ago after spending fortune Tennis ace allegedly hid money following bankruptcy order to paying creditors Court hears he hid proceeds from 3m sale by sending them to…
Bankruptcy can happen to anyone even billionaires. The news is full of former high-flying celebrities whose careers have tanked, or they made unwise investments. Filing for bankruptcy isnt a prison sentence. Youll see a multitude of bankrupt celebrities, movie stars, musicians, and athletes. Some celebrities of the past who went bankrupt include singer and actress…
Mar 19 2021, 1:47 PMMar 19 2021, 1:57 PMMarch 19 2021, 1:47 PMMarch 19 2021, 1:57 PM Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolvency provisions for guarantors were notified…