New Delhi, Aug 11 (PTI) The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code…
Courtney McDonald HWLE Lawyers Read the original article here
On average, three people a day ask to be declared insolvent The number of people deciding to declare themselves bankrupt is growing in Ukraine. According to the Supreme Court, more than 2,900 Ukrainians have become bankrupt in the last five years. 577 Ukrainians have already filed for bankruptcy in the first six months of 2025.…
Texas cancer surgeon may go bankrupt amid United Healthcare dispute TheStreet Read the original article here
In the first half of 2025, the Supreme Court of Ukraine declared 47 residents of Odesa region and nine residents of Mykolaiv region bankrupt. In total, 577 Ukrainians have already filed for bankruptcy in the first 6 months of 2025, according to analysts of the Opendatabot platform. Most bankruptcy cases in 2025 were opened in…
Bars hanging on the shop window of an empty store. Bankruptcies surged in Germany in July, with the number of registered insolvencies rising higher year on year than in any previous month since October 2024. Uwe Anspach/dpa Bankruptcies surged in Germany in July, with the number of registered insolvencies rising higher year on year than…
Claire’s has declared bankruptcy in the US for the second time in seven years. The tween accessories retailer, which also has its own brand beauty line C by Claire’s, has commenced voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware to “maximise the value of its business”.…
Over the past five years, more than 2.9 thousand Ukrainians have filed for bankruptcy. In the first half of 2025, 577 Ukrainians asked to be declared insolvent. This was reported by the analytical digital service “Opendatabot” with reference to data from the Supreme Court. The number of people deciding to declare themselves bankrupt is increasing…
Bars hanging on the shop window of an empty store. Bankruptcies surged in Germany in July, with the number of registered insolvencies rising higher year on year than in any previous month since October 2024. Uwe Anspach/dpa Bankruptcies surged in Germany in July, with the number of registered insolvencies rising higher year on year than…
Nearly 20% of Russian property developers are at risk of bankruptcy due to plunging sales driven by high mortgage interest rates, Deputy Prime Minister Marat Khusnullin said. Khusnullin, who oversees housing and infrastructure in the government, warned that this figure could rise above 30% if financial conditions do not improve in the next six months.…