Insolvency Guardian Media Centre

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Black US farmers awaiting billions in promised debt relief – AL.com
BOYDTON, Va. (AP) There was a time when Black farms prospered. Just two generations out of slavery, by 1910 Black
Integrity of insolvency processes: A tough ask – Mint
Henry Paulson, former US treasury secretary and Goldman Sachs chairman, is believed to have once said that regulation always lags
Corporate Bankruptcy Insolvency Litigation | Cohen & Gresser LLP – JDSupra – JD Supra
ROUNDTABLE September 2021Rewriting the rulebook: building a post-pandemic boardTo realise a companys vision, the right team will need to be
Sponsors Can Help Participants Incorporate a Financial Timeline to Reduce Debt | PLANSPONSOR – PLANSPONSOR
Many American workers are carrying thousands of dollars in debt, and most say it impacts their financial security. A Northwestern
Acquaintance of alleged murderer helped clean crime scene after Maryam Hamka death, police claim – Brisbane Times
When police executed a search warrant at the Brighton home on April 16, they say, they found steam cleaners, as
NMC creditors approve restructuring plan that allows 34 companies to exit administration – The National
Creditors of NMC Health have approved its proposed deeds of company arrangement (DOCA) restructuring process, a move that allows 34
Debt relief for only Black farmers? Not so fast, say white farmers. – The Christian Science Monitor
Boydton, Va. There was a time when Black farms prospered.Just two generations out of slavery, by 1910 Black farmers had
NCLT allows personal insolvency proceedings against Venugopal Dhoot – Business Today
THe National Company Law Tribunal today admitted a personal insolvency petition against the beleaguered promoter of Videocon Industries Ltd --
Pensions Co. Enters Liquidation To Meet Clients’ Complaints – Law360
Law360, London (September 1, 2021, 4:43 PM BST) -- A provider of self-invested personal pensions has entered into liquidation in
How to Use Government Debt Relief Programs – HillReporter.com
A lot of people arent aware of them, but the federal government does offer programs to help with debt. Admittedly,
High Court overturns 250,000 insolvency arrangement – The Irish Times
The High Court has overturned Personal Insolvency Arrangements (PIAs) that would have allowed a married couple write off a debt
Kenya: Why Insolvency Does Not Help Firms – AllAfrica.com
Wobbly firms are increasingly finding shelter in insolvency law. But is this just a case of delayed burial rites? Early

BOYDTON, Va. (AP) There was a time when Black farms prospered.

Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers. The fruit of their labors fed much of America.

Now, they have fewer than 4.7 million acres. Black farms in the U.S. plummeted from 925,000 to fewer than 36,000, according to the U.S. Department of Agricultures latest farm census. And only about one in 100 farmers is Black.

What happened?

They were able to overcome the broken promise of 40 acres and a mule to the newly freed slaves a military order, later rescinded. But over the last century, they faced one obstacle after another because of their race.

Farmers needed loan…

Read the full article at: https://www.al.com/news/2021/09/black-us-farmers-awaiting-billions-in-promised-debt-relief.html

Henry Paulson, former US treasury secretary and Goldman Sachs chairman, is believed to have once said that regulation always lags innovation. It is also true, conversely, that good regulatory frameworks always anticipate changes, or require minimal tweaking as changes occur. Indias bankruptcy regulator, the Insolvency and Bankruptcy Board of India (IBBI), has been forced to ponder its efficacy and regulatory remit as the process under its watch threatens to go off the rails, gamed by various agents. The IBBI has put two discussion papers out for stakeholder feedbackon strengthening our framework for liquidation, and on issues related to the corporate insolvency resolution process (such as whether the committee of creditors, or CoC, sho…

Read the full article at: https://www.livemint.com/opinion/online-views/integrity-of-insolvency-processes-a-tough-ask-11630524622687.html

ROUNDTABLE September 2021Rewriting the rulebook: building a post-pandemic boardTo realise a companys vision, the right team will need to be assembled.www.financierworldwide.comIssue 225 September 2021FEATUREConsolidating US healthcare:a paradigm shift in delivery SPECIAL REPORTPrivate equityROUNDTABLECorporate bankruptcy &insolvency litigationTHIS ISSUE:CORPORATE BANKRUPTCY & INSOLVENCY LITIGATIONThe corporate bankruptcy & insolvency litigation landscape has experienced a turbulent period over the past year and a half, largely a consequence of the extreme circumstances created by the COVID-19 pandemic. Against this backdrop, many businesses have sought arrangements and restructuring plans in an attempt to avoid corporate bankruptcy. How…

Read the full article at: https://www.jdsupra.com/legalnews/corporate-bankruptcy-insolvency-8880829/

Many American workers are carrying thousands of dollars in debt, and most say it impacts their financial security.

A Northwestern Mutual study found that U.S. adults who carry debt hold an average of $23,325, excluding mortgages. Seventy-eight percent of respondents also believe this affects their ability to achieve financial confidence.

Because of their debt, 29% of respondents said they delayed making significant purchases; 18% delayed saving for retirement; 14% delayed buying a home; 8% delayed having children and 7% delayed marriage.

The findings come as new research from the Insured Retirement Institute (IRI) says most workers nearing retirement in the next decade or two have inadequate savings and are not saving enough to catch up…

Read the full article at: https://www.plansponsor.com/sponsors-can-help-participants-incorporate-financial-timeline-reduce-debt/

When police executed a search warrant at the Brighton home on April 16, they say, they found steam cleaners, as well as bottles of ammonia and bleach.

Senior Detective Stewart told the court police believed there was a high probability that Mr Newman knew the location of Ms Hamkas remains.

I dont have any direct evidence in so far as that he knows, but there is a high degree of probability, I submit, that his attendance at that house on the days, for the duration, that he does know.

The court heard the pair had been close associates for about a year, and Mr Loughnane used to work with Mr Newmans brother.

In relation to their relationship, I would allege and will be alleging in the brief of evidence that there is a debt owed to Mr Lough…

Read the full article at: https://www.brisbanetimes.com.au/national/victoria/second-man-arrested-over-alleged-murder-victim-s-disappearance-20210901-p58nro.html

Creditors of NMC Health have approved its proposed deeds of company arrangement (DOCA) restructuring process, a move that allows 34 companies of the UAEs biggest healthcare provider to exit administration.

NMC secured approval for its restructuring proposal from 95 per cent of its creditors on Wednesday, the company said in a statement.

The companies that will exit the administration in Abu Dhabi will continue to operate the NMC Groups core businesses. NMC’s business has rebounded in the first half of this year as revenue beat expectations despite coronavirus headwinds. Gross revenue for the period for its UAE and Oman businesses reached $611 million, 10 per cent more than the company’s projections.

NMC Healthcare said it will transfe…

Read the full article at: https://www.thenationalnews.com/business/banking/2021/09/01/nmc-creditors-approve-restructuring-plan-that-allows-34-companies-to-exit-administration/

Boydton, Va.

There was a time when Black farms prospered.

Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers. The fruit of their labors fed much of America.

Now, they have fewer than 4.7 million acres. Black farms in the United States plummeted from 925,000 to fewer than 36,000, according to the U.S. Department of Agricultures latest farm census. And only about 1 in 100 farmers is Black.