English Releases – PIB
English Releases PIB Read the original article here
Key Implications of the UK’s Insolvency Act
On 25 June 2020, the new Corporate Insolvency and Governance Act (the “Act”) received Royal Assent. We anticipate that the changes introduced by the Act will have a significant impact on the future direction of the UK restructuring market. The purpose of the Act is to promote a stronger rescue culture in the UK, providing…
The new Corporate Insolvency and Governance Act: Implications for asset-based lenders | United Kingdom | Global law firm
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
Resolving Insolvency under the Banks and Specialised Deposit Taking Institution Act, 2016 (Act 930) – The Business & Financial Times
Resolving Insolvency under the Banks and Specialised Deposit Taking Institution Act, 2016 (Act 930) The Business & Financial Times Read the original article here
REVEALED: Latest business liquidations in Manningham – Herald Sun
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
Fresh produce wholesaler based in Reading goes into liquidation
A long‑standing fresh produce wholesaler has gone into liquidation. C.A. Belcher & Son Limited, a family‑run fruit and vegetable wholesaler trading as C A Belcher & Son in Lower Earley, entered creditors’ voluntary liquidation on February 2. Two insolvency practitioners from Reading‑based KRE Corporate Recovery have been appointed to wind up the business. According to…
Vic builder in administration owing $4m after major contract terminated – Herald Sun
Vic builder in administration owing $4m after major contract terminated Herald Sun Read the original article here
Business insolvencies increase – Credit Connect
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales, was 2,029 in October 2025, 2% higher than in September 2025 (1,995) and 17% higher than the same month in the previous year (1,739 in October 2024). The business insolvencies consisted of 301 compulsory liquidations, 1,592 creditors’…
Exploring Differential Treatment of Homebuyers in Insolvency Processes, ETLegalWorld
The Insolvency and Bankruptcy Code, 2016 was introduced as a comprehensive framework, aiming to facilitate the reorganization and insolvency resolution of corporate entities in a time-bound manner, with the primary goals of maximizing the value of assets, promoting entrepreneurship, and enhancing credit availability. In addition to the above, one of the key objectives of the…
Canara Bank Classifies Reliance Communications Subsidiary Credit Facilities as Fraud – scanx.trade
Canara Bank Classifies Reliance Communications Subsidiary Credit Facilities as Fraud scanx.trade Read the original article here