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Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Consolidated Bank assumes role as official Black Stars bank – GhanaWeb
On insolvency proceedings – GlobeNewswire (press release)
With the decision of the Kurzeme District Court from August 09th, 2018 was announced an insolvency proceedings of AS Tosmares
What are the options if a company is facing insolvency? – Business MattersBusiness Matters
Insolvency is something no business owner or company director wants to have to deal with. But its unfortunately a
House of Fraser business partner threatens legal action against administrators EY – Retail Gazette (blog)
House of Fraser concession partner Ehab Shouly is considering legal action against the companys administrator Ernst & Young (EY). Shouly,
New insolvency guidelines will now net personal guarantors – Moneycontrol.com
The Insolvency& Bankruptcy Board of India (IBBI) is framing rules that will enable creditors to chase guarantors of defaulting companies
Bad loan resolution: Now, guarantors may too face insolvency action – Times Now
Representative Image&nbsp New Delhi: The Insolvency & Bankruptcy Board of India (IBBI) is preparing guidelines to enable creditors to recover
Chinese companies are shedding staff as margin pressures intensify – Business Insider Australia
Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing. Despite the modest
Guarantors too will be in insolvency net – Times of India
NEW DELHI: The insolvency regulator is readying rules that will enable creditors to go after guarantors of ailing companies to
A Resolve for Insolvency – Legal Business Online
A Resolve for Insolvency | Asian Legal Business A Resolve for Insolvency Singapore has made plans to become an insolvency
Generation Z: down the debt rabbit hole but ahead on super – The Australian Financial Review
by Tim Boyd Exploring the differences in generations is always a hotly-contested conversation as each generation invariably tries to convince
NCLT dismisses insolvency petition against Duncans Industries – Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the
Line of credit? Mortgage refinance? Experts rank the best and worst options for debt consolidation – Globalnews.ca
The idea behind debt consolidation is simple: You take on a single, big loan to pay off all or most
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The Insolvency& Bankruptcy Board of India (IBBI) is framing rules that will enable creditors to chase guarantors of defaulting companies to recover dues, sources told The Times of India.

This move is expected to help lenders tighten their grip around companies and promoters. These guidelines will be ready within a few weeks andwill help banks recover their dues in cases where the entire claims were not settled during the resolution process, the report said.

IBBI Chairman MS Sahoo confirmed this development to the paper.

According to the report, the new guidelines suggest that the government is moving ahead with personal insolvency matters, including proprietorship and partnership firms.

A government official told the paper…

Read the full article at: https://www.moneycontrol.com/news/business/new-insolvency-guidelines-will-now-net-personal-guarantors-3022321.html

Representative Image&nbsp

New Delhi: The Insolvency & Bankruptcy Board of India (IBBI) is preparing guidelines to enable creditors to recover dues from guarantors of companies if the company fails to pay its dues. According to a report in the Times of India, the insolvency regulator is expected to come out with guidelines in next few weeks that will help banks and individuals recover dues from guarantors where they have failed to have the entire claims settled during the resolution process.

The move will tighten the grip around the companies as well as their promoters, who had given personal guarantees, the daily said.

The ToI rep…

Read the full article at: https://www.timesnownews.com/business-economy/industry/article/bad-loan-resolution-now-guarantors-may-too-face-insolvency-action/295852

  • Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing.
  • Despite the modest improvement in overall activity levels, firms shed staff, reporting a reduction in order backlogs and intense margin pressures.
  • Activity in Chinas manufacturing sector was unchanged in September, the weakest result in nearly a year.

Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing.

However, from a longer-term and broader perspective, Chinas economy has clearly lost some momentum in recent months.

The IHS-Markit China Services Purchasing Managers Index (PMI), produced…

Read the full article at: https://www.businessinsider.com.au/china-services-pmi-rrr-cut-pboc-2018-10

NEW DELHI: The insolvency regulator is readying rules that will enable creditors to go after guarantors of ailing companies to recover dues, a move that will tighten the grip around companies as well as their promoters who had given personal covers.

The Insolvency & Bankruptcy Board of India (IBBI) is working on guidelines that are expected to be ready in the next few weeks, sources said, adding that the idea is to help banks and individuals recover dues from guarantors where they have failed to have the entire claims settled during the resolution process, sources told TOI. When contacted, IBBI chairman M S Sahoo confirmed the development. We are working on rules and regulations to operationalise insolvency of personal guarantors in com…

Read the full article at: https://timesofindia.indiatimes.com/business/india-business/guarantors-too-will-be-in-insolvency-net/articleshow/66112714.cms

A Resolve for Insolvency | Asian Legal Business


A Resolve for Insolvency


Singapore has made plans to become an insolvency and restructuring hub in the region, and to that end, it passed game-changing laws last year. Lawyers analyse the impact that the new framework has had…

Read the full article at: https://www.legalbusinessonline.com/features/resolve-insolvency/76463

by
Tim Boyd

Exploring the differences in generations is always a hotly-contested conversation as each generation invariably tries to convince the other that they have been more hard done by.

Butthings are not always so black and white, and nowhere is this more visible than the differing money attitudes of Baby Boomers and Generation Z my parents and I.

As a casually-employeduniversity graduate of 24, I am on the cusp of entering the full-time workforce.

With it comes a salaryand a new array of financial concerns. For me it also comes with a change in investment attitude, and a more serious look at my spending habits.

In landmark life changes such as these, I usually turn to the wisdom of…

Read the full article at: https://www.afr.com/personal-finance/budgeting/generation-z-down-the-debt-rabbit-hole-but-ahead-on-super-20180914-h15dw6

Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over the control and management of the seven ailing tea estates of the GP Goenka-headed company in north Bengal.

The Kolkata bench of the National Company Law Tribunal (NCLT) has dismissed a plea filed by an operational creditor of Duncans Industries to commence insolvency proceedings against the ailing tea company of The Duncan Goenka Group.

The insolvency petition was filed under Section 9 of the Insolvency & Bankruptcy Code (IBC) by AJ Agro Chem, a Surat-based firm, against Duncans Industries as the latter was unable to pay Rs 41.55 lakh towards the supply of various pesticides and herbi…

Read the full article at: https://www.financialexpress.com/industry/nclt-dismisses-insolvency-petition-against-duncans-industries/1340202/

The idea behind debt consolidation is simple: You take on a single, big loan to pay off all or most of your other, smaller liabilities.

Story continues below

Usually, there are three big reasons to do it. First, focusing on a single monthly debt payment is much easier than chasing due dates for a multitude of creditors. Second, you might be able to get a lower interest rate on your debt consolidation loan than you were paying on several of your smaller loans. Third, especially if you were able to get a lower rate, the monthly debt payment on your consolidated loan may be smaller than the sum of what you were paying before to your many creditors.

READ MORE:Need cash in a hurry? Here are the best and worst ways to get it

How to…

Read the full article at: https://globalnews.ca/news/4491862/debt-consolidation-options-best-worst/

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