Category Archives: Bankruptcy

Bill tabled to integrate insolvency, bankrupty and debt revamp laws – The Business Times

Singapore AN omnibus Bill that consolidates personal and corporate insolvency and debt restructuring laws into a single piece of legislation was tabled for first reading in Parliament on Monday. The Insolvency, Restructuring and Dissolution Bill introduced by Senior Minister of Read the full article at: https://www.businesstimes.com.sg/government-economy/bill-tabled-to-integrate-insolvency-bankrupty-and-debt-revamp-laws

Bill introduced to streamline insolvency framework – The Straits Times

New legislation to consolidate Singapore’s personal and corporate insolvency regimes and restructuring laws was introduced yesterday to augment its position as a global financial centre. The Insolvency, Restructuring and Dissolution Bill was tabled for first reading in Parliament, and will consolidate the provisions currently in two separate statutes – the Bankruptcy Act and Companies Act…

Debenhams turns to KPMG to secure its future – The Drum

Struggling department store chain Debenhams has called in advisers from accountancy firm KPMG to help it investigate a range of options for its future that are said to include a company voluntary arrangement (CVA). f it were to go down the route of a CVA, Debenhams would be declared insolvent but continue to trade to…

Parliament: Bill to streamline insolvency framework introduced – The Straits Times

SINGAPORE – A new Bill that consolidates Singapore’s personal and corporate insolvency regimes and restructuring laws was introduced on Monday (Sept 10) to augment its position as a global financial centre. The Insolvency, Restructuring and Dissolution Bill, which was submitted by Marine Parade GRC MP and Senior Minister of State for Law and Health Edwin…

Debenhams turns to KPMG to secure its future – The Drum

Struggling department store chain Debenhams has called in advisers from accountancy firm KPMG to help it investigate a range of options for its future that are said to include a company voluntary arrangement (CVA). f it were to go down the route of a CVA, Debenhams would be declared insolvent but continue to trade to…

Health supplement company closed for taking advantage of customers – GOV.UK

Vivid Lifestyle Ltd (Vivid) was incorporated in July 2013 and its registered office was in Hounslow, West London. The company started business in 2014, selling nutritional supplement tablets wholly to UK customers before broadening its operations to international markets. By 2017, the majority of its sales were to customers in Australia and New Zealand. Vivid…

UK insolvency service to investigate Bell Pottinger directors – Financial Times

The UK insolvency service is investigating scandal-hit public relations firm Bell Pottinger, including its influential co-founder Lord Tim Bell, for work in South Africa that led to the companys collapse last year. According to letters seen by the Financial Times, two senior partners have been told the UK government agency is examining potential breaches of…

Shocking scale of UNDER 25s going bankrupt revealed – Liverpool Echo

People living in Sefton are the most likely in Merseyside to go bankrupt. New data shows a total of 3,141 people in the region either declared insolvency, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 146 were aged under 25.Some 42…

Kingdoms of Amalur Reckoning: THQ plots new PS4, Xbox release after buying rights to IP – Daily Star

THQ NORDIC Kingdoms of Amalur Reckoning: THQ plots new PS4, Xbox release after buying rights to IP DS Latest news: THQ Nordic has now purchased the rights to Kingdoms of Amalur from the developer 38 Studios. The developer declared bankruptcy after missing a loan payment shortly after the release of the game.…

NCLT gives Lanco Teesta 90-day extension for insolvency resolution – The Hindu BusinessLine

The National Company Law Tribunal (NCLT) Hyderabad has extended by 90 days the deadline for Lanco Teesta Hydel Powers(LTHPPL) corporate insolvency resolution. The insolvency petition was filed by ICICI Bank. Ratakonda Murali, Judicial Member, said, I am satisfied that the Corporate Insolvency Resolution Process is to be extended by 90 days, beyond 180 days as…