Rise in number of Scots going bust, report indicates – shropshirestar.com

The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…

Dealing with cross-border insolvency of a single corporate entity – Livemint

The cross-border insolvency framework released for discussions encompasses authorities across jurisdictions pertaining to insolvency proceedings of any single corporate debtor. Currently several multinational companies (MNCs) hold their assets in foreign jurisdictions through subsidiaries which are distinct legal entities. Consequently, the commencement of insolvency proceedings for any single company cannot be extended to all its group…

Applicants for court-approved debt deals fall – Independent.ie

Stock image Applicants for court-approved debt deals fall Independent.ie There has been a fall in the number of people applying for court-approved debt deals. https://www.independent.ie/business/personal-finance/applicants-for-courtapproved-debt-deals-fall-37739886.html https://www.independent.ie/incoming/article36500289.ece/62727/AUTOCROP/h342/courts.jpg Email There has been a fall in the number of people applying for court-approved debt deals. Around 1,000 people got an approved insolvency deal to keep them in their…

Report records over 200 insolvency arrangements in Galway – Connacht Tribune Group

Galway Bay fm newsroom 209 insolvency arrangements were recorded in Galway from 2014 to 2018.Personal insolvency arrangements are designed to return debtors to solvency while keeping them in their home where possible.The data from the Insolvency Service of Ireland also reveals Galway recorded 126 bankruptcies during the period.The report finds personal…

RailRunner Europe files for insolvency in Hamburg court – Railway Technology

Railrunner Europe has filed for insolvency in the bankruptcy court of Hamburg in Germany. The company cited multiple reasons for the financial distress and has appointed a preliminary insolvency administrator in the process. During the insolvency proceedings, RailRunner Europe intends to reorganise and restructure the company. Since July 2017, the company managed daily flow between…

Aust Gov statistics release: Bankruptcies at their lowest number in 23 years – Mirage News

Tuesday, January 22, 2019 In the December quarter 2018, bankruptcies fell to their lowest level since March 1995, according to the latest personal insolvency statistics released by the Australian Financial Security Authority (AFSA). There were 3,788 bankruptcies in the December quarter of 2018, a 6% fall compared to the December quarter of 2017. This fall…