Insolvency Guardian Media Centre
Deputy Attorney General and Deputy Minister of Justice, Dr Justice Srem-Sai, has highlighted the significance of Ghana’s Corporate Insolvency and Restructuring Act (CIRA), describing it as a crucial tool to safeguard local businesses and restore investor confidence.
Speaking at a stakeholder sensitisation forum on the enhanced legal framework for corporate insolvency in Ghana on October 8, 2025, Dr Srem-Sai stressed that the Act provides structured mechanisms for companies facing insolvency, enabling them to restructure rather than shut down.
He explained that the law is designed to sanitise the system and offer relief to creditors.
Read the original article here
You don’t have permission to access “http://www.business-standard.com/companies/news/nclt-once-again-postpones-vedanta-demerger-hearing-to-29-october-125100801328_1.html” on this server.
Reference #18.d1672817.1759983878.633f73f8
https://errors.edgesuite.net/18.d1672817.1759983878.633f73f8
Read the original article here
Getting a debt consolidation loan if you have bad credit may require some shopping around, but there are options, including personal loans from online lenders.
Some lenders accept borrowers with bad credit (any score in the high 500s or lower) and consider factors beyond credit score, such as education, income and job history.
The lenders we feature below all let you pre-qualify for a debt consolidation loan, so you can check whether you qualify with no risk to your credit score.
Best debt…
Read the original article here
Government to roll out new measures to address corporate insolvency in Ghana – Deputy A-G 3News
Read the original article here
(Bloomberg/Steven Church) — The owner of former job recruitment sites CareerBuilder and Monster, which blamed artificial intelligence for their demise, won court approval to end a liquidation case by paying lenders and other creditors less than 10% of what they are owed.
Under the bankruptcy payout plan, noteholders and lenders owed nearly $363 million will divide up about $33.6 million that was raised from the sale of businesses affiliated with the websites. As much as $3 million will go to other unsecured creditors, according to court documents.
The job-hunting sites failed less than a year after they were combined, brought down by a slowdown in corporate hiring and competition from hiring tools driven by AI. The two had been…
Read the original article here
Former Immigration Minister Tuariki Delamere.
Photo: RNZ / YouTube
A former immigration minister has been stripped of his licence to practise as an immigration consultant, after losing a court battle and being declared bankrupt.
Tuariki Delamere, who became an high-profile immigration adviser after leaving politics, told RNZ he “made a dumb decision many years ago”.
In 2012, he made a deal with Chinese businessman Yingheng Liu, who sought residency through a business visa.
Liu put $500,000 into a venture that referred clients to Delamere, but his visa was rejected.
Delamere unsuccessfully appealed a 2021 judgment on the money as far as the Supreme Court. Liu returned to the High Court last month, asking for a bankruptcy…
Read the original article here
Rotary Club of Maryville President Skye Pournazari on Sept. 24 presents a $300 donation to Maryville R-II Interim Superintendent Philip Pohren, right, and Maryville High School Principal Thom Alvarez to be used to pay owed lunch fees for students. Pohren told the club that these funds will help numerous students balance their accounts. Pournazari is also the managing editor of The Forum.
Read the original article here
Getty Images/iStockphoto
Credit card debt has been climbing steadily over the past few years and recently hit a new milestone when it topped a collective $1.21 trillion nationwide. At the same time, the average annual percentage rate (APR) on credit cards assessed interest is hovering above 22%, making it harder than ever for cardholders to keep up with their monthly payments. For some credit card users, though, the problem is even…
Read the original article here
Salman Khan settles dispute with Jerai Fitness, withdraws insolvency plea at NCLAT Deccan Herald
Read the original article here
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently ruled that a part payment made by the corporate debtor to the operational creditor against the total debt constitutes an acknowledgment of debt under the Limitation Act, 1963, thereby extending the limitation period for filing an insolvency application under the Insolvency and Bankruptcy Code, 2016 (IBC).
The finding came while the NCLAT dismissed an appeal by Ramniwas B. Somany, suspended director of Indian Denim Limited, challenging an order passed by the Ahmedabad Bench of the NCLT order on 22 September 2023, admitting a Section 9 application filed by the operational creditor Anushri Paper Pack Pvt. Ltd against Indian…
Read the original article here
Anatolia Turkish Kebab House has ceased trading, as its operating company, Anatolia Turkish Cafe Ltd, was placed into liquidation by shareholder resolution last week.
The company operated the Turkish restaurant and takeaways business in Princes St for about 10 years, before moving to a larger premises in the ground floor of the street’s historic Excelsior Hotel building in 2023.
The liquidators’ first report, released this week, said company director Murat Bay had operated similar operations successfully for many years.
“However, he has advised the liquidators that current economic times have…
Read the original article here
Mohd Izzuan/Getty Images
Credit card debt has quietly crept into the five-figure range for millions of Americans recently, which is hardly surprising given today’s inflationary environment and other economic challenges, which are driving more people to use this type of shorter-term borrowing to get by. As a result, the total amount of credit card debt nationwide has now reached a record $1.21 trillion. Average credit…