Insolvency Guardian Media Centre
Practical strategies and mindset shifts on how to pay down credit card debt, break free from shame, and build lasting financial confidence.
When Jamie Feldman checked her bank account one sunny day in Prospect Park, she wasn’t expecting her stomach to drop. But with her $16,000 credit card nearly maxed out, no jobs lined up after a layoff, and no plan, she knew she couldn’t ignore her debt any longer.
That moment sparked a transformation; not just in her finances, but in her mental health, relationships, and self-worth. On this week’s episode of the HerMoney Podcast, Jamie opens up about how she tackled $18,000 in consumer debt, the creative…
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IBBI proposes a cap on assignments for insolvency professionals to curb delays and ensure equitable distribution of work.
Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding Rs 1,000 crore each.
The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these…
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New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work.
Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding ₹1,000 crore each.
The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these assignments, the IBBI said in a discussion paper on Tuesday.
The move comes amid concerns that a small group of IPs is…
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They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at the amendments.
Why was the Insolvency and Bankruptcy Code (IBC) introduced in 2016?
The Insolvency and Bankruptcy Code, one of India’s new legal laws, was introduced in 2016 to deal with insolvent companies and individuals that could not repay their debt, which sometimes ran into hundreds of crores.
A year later, the…
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On 1 August 2025, PB-tec, specialised in horticultural technology and part of Atrium Agri, has acquired all assets from the bankrupt estate of CE-Line, which was declared bankrupt on July 22nd, 2025 by the Court of Midden-Nederland with appointment of Mr B.J. van Dijen as trustee. The acquisition includes, among other things, the intangible assets, inventory, IP rights, patents, stock, work in progress, and goodwill. With this acquisition, PB-tec and Atrium Agri aim to expand their knowledge and services in the field of water analysis.
© Thijmen Tiersma | HortiDaily.com Real-time nutrient measurement
CE-Line developed a system enabling growers to measure which nutrients are present in real time in the irrigation water….
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Potato producer CêlaVíta has been declared bankrupt. The announcement was made on the afternoon of 12 August. Since 1967, the company has built its reputation as one of the best-known suppliers of potato products to supermarkets, the food industry, hotels, restaurants, and institutions across Europe. Staff were informed of the bankruptcy this afternoon. CêlaVíta was acquired by McCain, producer of frozen chips, in 2012. In March 2024, McCain sold the company to investment firm Nimbus.
The potato processor had been in financial difficulty for some time and recently announced a reorganisation. The company, best known…
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Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can’t disrupt insolvency Moneycontrol
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China Evergrande liquidators say $255 million of assets have been sold MSN
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