FM tables IBC amendment bill to speed up insolvency cases – MSN
FM tables IBC amendment bill to speed up insolvency cases MSN Read the original article here
Increasing number of Polish businesses in debt despite economic growth – TVP World
Increasing number of Polish businesses in debt despite economic growth TVP World Read the original article here
Insurers tighten terms as insolvencies rise – Lockton – Insurance Business America
Insurers tighten terms as insolvencies rise – Lockton Insurance Business America Read the original article here
Dubai court orders contractor to pay Dh28.7m after subcontractor bankruptcy – Gulf News
Dubai court orders contractor to pay Dh28.7m after subcontractor bankruptcy Gulf News Read the original article here
‘All jobs secured’ at Telford bar and restaurant as business is saved from liquidation
Insolvency specialists were appointed to wind up the Dun Cow Bar and Grill in Telford on August 11, after the restaurant filed for voluntary liquidation following a creditors meeting at the beginning of August. However the business is set to continue trading with all jobs saved after it was sold to another firm, the company’s…
Former England star declared bankrupt after 'burying his head' over £36,000 tax bill – MSN
Former England star declared bankrupt after ‘burying his head’ over £36,000 tax bill MSN Read the original article here
Bankruptcy docs claim faltering sales pipeline sunk Uvaro and Lighthouse Labs post acquisition
Workforce training platform Uvaro acquired coding school Lighthouse Labs this past January. This past January, Kitchener-Waterloo, Ont.-based workforce training platform Uvaro acquired coding school Lighthouse Labs for an undisclosed amount, making it a subsidiary. Just over seven months later, both have filed for bankruptcy. As first reported by Canadian Cyber in Context, the two…
Hotel “Salyut” declared bankrupt and is being prepared for sale at auction – PRAGMATIKA.MEDIA
About this write Liga.net. Among the largest creditors are the NBU, to which the hotel owes UAH 4,2 billion, and the Finance and Credit Bank – UAH 1,19 billion. The court opened a liquidation procedure for a year, which will be conducted by the arbitration manager Vadym Kizlenko. The main asset – the hotel building…
The DOJ killed the JetBlue-Spirit merger. Spirit Airlines could now go under.
The Department of Justice (DOJ) blocked Spirit Airlines’ merger with JetBlue in order to preserve competition in the domestic airline industry. Now, it looks like Spirit may go under. In July 2022, JetBlue announced its acquisition of the foundering Spirit Airlines, which reported a net loss of $36 million in the third quarter of 2022…
IBC amendments to allow partial asset sales, second shot at revival
New Delhi: Apart from speeding up the disposal of distressed companies as going concerns, the proposed amendments to the Insolvency and Bankruptcy Code (IBC) tabled in Lok Sabha on Tuesday also makes it easier for splitting up such firms so that lenders could consider sale of individual assets when they are unable to find takers…