SUDBURY — A judge has formally declared Laurentian University insolvent, giving the university breathing room as it works toward restructuring by April 30. The ruling released Thursday by G.B. Morawetz, chief justice of the Ontario Superior Court of Justice, allows the university to access $25 million in funding to cover salary and other costs as…
There is plenty in the news about an upcoming wave (some still say avalanche) of insolvencies, especially once the federal government financial support mechanisms finish at the end of March. And while initiatives such as the small business restructuring reforms were introduced to help COVID-19 impacted SME businesses and have now come into effect theyre…
Landlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m worth of insolvent debt that further decimates city centres, according to analysis from Stockport based insolvency score, Red Flag Alert. Concerns are mounting that April will see companies fighting for survival after a COVID-19 moratorium on evictions ends…
Melbourne, Australia The image is striking. Draped in a possum-skin cloak Senator Lidia Thorpe entered her first day in the Australian Federal parliament last September with her right fist raised in a Black Power salute. In her left hand, she carried a stick engraved with 441 stripes representing the number of Indigenous people to die…
Pictured, artwork from Lake Land College student Abby Hartke, who will have her work displayed at the Effingham Public Library Submitted photo EFFINGHAM The Suzette Brumleve Memorial Effingham Public Library is excited to host local artist and Effingham native, Abby Hartke. Ive always been drawn to all the colors of the world and how they…
The High Court has declined to approve a Personal Insolvency Arrangement (PIA) that would have allowed a car sales executive to write off approximately190,000 in debt mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin of Subulter, Cecilstown, Mallow, in County Cork. He owed money to Pepper Finance Corporation DAC,…
The CIGS thin-film specialist employs 160 people in Germany. Business operations will continue with no disruption for the time being. February 10, 2021 Ralph Diermann Nice Solar Energy shareholder Manz, supplies turnkey CIGS production lines. Image: Manz AG From pv magazine Germany Germany-based Nice Solar Energy has opened the proceedings for self-administered insolvency at the…
Business Standard The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome TopicsInsolvency and Bankruptcy Code|Banking sector The pre-packaged scheme, touted as the next stage in the evolution of the Insolvency and Bankruptcy Code (IBC), 2016, will attempt a balancing act, as lawmakers put…
Landlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m-worth of insolvent debt that further decimates city centres. That is according to analysis from Stockport-based insolvency scorecard Red Flag Alert. Concerns are mounting that April will see companies fighting for survival after a COVID-19 moratorium on evictions ends…
The High Court has declined to approve a Personal Insolvency Arrangement that would have allowed a car sales executive write off about 190,000 in debts, mainly owed to financial institutions. The PIA was sought in respect of Keith Cremin, Subulter, Cecilstown, Mallow, Co Cork. He owed money to Pepper Finance Corporation DAC, which opposed the…