Efforts underway to secure distinction for farmland in personal insolvency laws – Farm Ireland

Farmland is intrinsically linked to farm family homes and debt secured against it should be considered relevant debt under personal insolvency legislation, according to IFA Farm Business Chairperson Rose Mary McDonagh. n IFA delegation recently met with the Minister for Justice Helen McEntee and the Minister of State for Law Reform James Browne to discuss…

Total 283 companies declared themselves as bankrupt amid pandemic after nationwide lockdown, reveals NCLT – Business Insider India

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…

Property rights concerns limiting value of personal insolvency deals for farmers – Farm Ireland

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…