The rules for individual insolvency under the Insolvency and Bankruptcy Code are likely to be notified by December. “It will come in a phased manner. At this point, we are trying to cover corporate guarantors. That is our main issue. In the first phase, we are dealing with corporate guarantors…
TWO of Perths dining institutions have been placed into voluntary administration. On Monday afternoon, administrators took over the company behind the Trustee Bar and Bistro on St Georges Terrace and Beaufort Local, which was formerly known as Beaufort Street Merchant. Business owner Scott Taylor said the decision was not taken lightly. There is still some…
WHO-HD × Ankeny Club Is Raising Money to Help Schools Lunch Debt ANKENY, Iowa Ankeny Schools lunch debt currently stands at $39,000 and one group is helping bring the number down. Ankeny Lions Club is donating all of its net profit from a pancake breakfast on Saturday. Lions Club Vice President Keith Krueger said when the…
Kolkata, Nov 3: The Centre is likely to introduce the first set of insolvency regulations relating to corporate guarantors and individual businesses that include proprietorships and firms, Ranjeeta Dubey, Deputy General Manager, Insolvency and Bankruptcy Board of India (IBBI), said. According to her, this will be the first phase of the regulations. Notification of rules…
Deco, Portugals leading consumer association, has received requests for help in dealing with debt problems from 26,080 families so far this year, 50 more than in the same period of 2016, the group said. Of the total approaches made to it in the period 1 January to 25 October, however, Deco has been able to…
BIPEP went into liquidation in July, leaving 700 investors nursing losses. New papers filed with the Companies Office show that Ultan McCarthy of McCarthy & Co in Dublin has been appointed liquidator of the separate firm Brendan Investments Property Management Ltd (BEPM), a related business with separate owners that was established to manage the funds…
(Repeats to widen distribution with no changes to text) By Brian Ellsworth and Eyanir Chinea CARACAS, Nov 2 (Reuters) – Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find…