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New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company's management while preparing
New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company’s management while preparing its sale prospectus under the bankruptcy code, the Insolvency and Bankruptcy Board of India (IBBI) has said.
The regulator’s latest amendment to the Insolvency Resolution Process for Corporate Persons states that corporate restructure plans prepared by administrators appointed by creditors should only account for recovery from questionable deals and trades made by previous management that have been fully disclosed in the sale prospectus, known as the information memorandum.
The move aims to improve transparency in debt resolution processes and enable better price discovery.
Leading debt settlement company recognized for best value, customer service and process
NEW YORK, July 9, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, announces it earned three awards in the 2025 Buyer’s Choice Awards from ConsumerAffairs, a leading platform for verified consumer reviews.
The second annual Buyer’s Choice Awards recognize top-rated brands across key consumer categories, based on in-depth analysis of customer reviews published on ConsumerAffairs.com. The program highlights companies that consistently deliver trust, satisfaction and standout value during major life decisions.
Small business owners with tax debt can keep their business open by exploring certain tax relief strategies now.
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Small business owners face a range of financial challenges now, including inflation, higher operating costs, and potentially slowing consumer demand. These economic headwinds often force entrepreneurs to make difficult choices about which bills to pay first. And naturally, tax payments can easily fall behind.
As Vietnam continues to face challenges in curbing illegal gambling, a Vietnamese gambler was brutally tortured and stabbed to death. The body of the 42-year-old man identified as Hoan, a native of Hanoi, was found on December 2 in a river near Bavet City in Cambodia’s Svay Rieng Province, according to a report.
The man was reportedly killed as part of a violent debt recovery scheme involving a loan shark gang operating since 2023. Investigators revealed that the gang lent money to Vietnamese gamblers, trapping them in debt and threatening them or their families with torture or death if repayments were not made.
As per VNExpress International, the Criminal Investigation Department (C02) of the Ministry of…
Official development assistance is expected to drop 17% in 2025 alone. Countries are in an unprecedented debt crisis, with 3.4 billion people now living in countries that spend more on servicing their debt than they do on health or education. And halfway through the week, the agency that was once the world’s largest donor — the U.S. Agency for International Development — officially became a thing of the past.
But after four days of negotiations, conversations, and…
There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind La Perla.
The news from Italy comes shortly after the judicial liquidation of La Perla Global Management UK began in the UK. This company owns the La Perla brand and all its global assets. As recently as mid-January, a court in Bologna called a halt to the UK company’s sale of the brand.
The Italian branch that has now been declared insolvent has about 330 employees, according to media reports….
Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.
Politicians, pundits and even some economists routinely warn that deficits are inherently dangerous and must be minimized — arguing that, like households, governments must ensure their spending does not exceed their income, or else bankruptcy looms.