Insolvency Guardian Media Centre
Jade Lake contractor Triple Connection in liquidation BusinessDesk
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Digging out of debt used to be a new year tradition.
The first three months of the year typically were the busiest for credit counselors, who were inundated with calls from Americans zapped by out-of-control holiday spending or emboldened by a “new year, new you” ethos for their finances.
But that decades-long trend may be disappearing, not because borrowers are out of their debt stranglehold but because they now need help throughout the year for their pricey car loans and ballooning card debt.
“The landscape has changed,” Bruce McClary, the spokesman for the National Foundation for Credit Counseling, told Yahoo Finance. “We are hearing more and more from people who are feeling the financial stress year-round.”
Many are stuck in…
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Al Othaim board approves liquidation of 4 subsidiaries بوابة أرقام المالية
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The Debt Relief Bill Poised to Grant Aid to Developing Countries Borgen Project
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The Insolvency and Bankruptcy Board of India has recently amended the rules governing the corporate insolvency resolution process (CIRP), enabling distressed homebuyers to take possession of their properties while the resolution process is ongoing. The key objective of these amendments, which were notified earlier this month, is to prevent unnecessary and prolonged delays in handing over possession to homebuyers.
Effective…
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In accordance with Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT), located in Delhi, has ruled that a petitioner cannot start the Corporate Insolvency Resolution Process (CIRP) if the parties’ business arrangement entails profit-sharing and joint participation rather than a simple operational debt. According to the Tribunal, under the IBC, such an arrangement does not create a debtor-creditor relationship.
To start the Corporate Insolvency Resolution Process (CIRP) against M/s Experio Tech Private Limited (Corporate Debtor), M/s Transline Technologies Limited (Operational Creditor) submitted an application. The issue concerned unpaid debts from a number of transactions and…
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Top Northern Ireland security firm calls in its creditors as liquidator due to be appointed MSN
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What is Trump doing – and not doing – to tackle the US debt? Reuters
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Avoiding debt relief scams Miami Valley Today
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Provisional liquidators have been appointed to a Cork-based medical supplies company that alleges it is owed €1.2m by the HSE.
PMD Device Solutions Ltd petitioned the High Court for the appointment on Friday, acknowledging it is “clearly insolvent”, with more than €14.6m in liabilities set against €4.6m in assets. The company, with a registered office on Model Farm Road, Cork, made a loss of more than €900,000 over the last 13 months, the court heard.
Separately, PMD is subject of a court order restraining it from selling, transferring, or providing access to patient data to any third party outside of the HSE, after the health authority claimed the company demanded payment to “maintain the integrity” of sensitive patient…
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Arshiya Limited Faces Operational Hurdles Amid Insolvency Process TipRanks