Bankruptcies to rise as negative mortgage equity spreads – MacroBusiness (blog)

Last month, the Australian Financial Security Authority (FSA) released personal insolvency statistics for 2017-18, which revealed a sharp rise in total personal insolvencies to the highest level since the Global Financial Crisis (GFC): In particular, debt agreements hit the highest annual number on record in all states and territories except Tasmania after posting the seventh…

Lenders must evaluate resolution of insolvent EPC firms on case-to-case basis – Livemint

Upon the termination of a project, the clients of engineering, procurement and construction (EPC) firms invoke performance bank guarantees, thereby increasing liabilities of the creditors. Photo: Priyanka Parashar/Mint Since the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC), a large number of corporate debtors rather than seeing revival have been pushed into liquidation. In…