An incoming wave of business failures will have many in the business community sweating, but not the liquidators, who carve a living picking up the pieces and who see more work but also the potential for patchier returns. A few recent reports have pointed to an uptick in liquidations. A recent update from BWA said…
The number of company insolvencies during October was 2,315 a figure which was 18% higher than in the same month 2022 (1,954 in October 2022). Latest figures released this morning by the government’s Insolvency Service show that the rise was higher than levels seen while government support measures were in place in response to the…
(Bloomberg) — Egypts foreign minister said his nation wasnt offered help with its debts by the US and Israel in return for taking in Palestinians fleeing war-torn Gaza, a potential mass displacement the cash-strapped North African country has repeatedly rejected. Most Read from Bloomberg Sameh Shoukrys remarks Thursday came in response to reporters questions on…
Reuters. MUMBAI – The Reserve Bank of India (RBI) has given its nod to the resolution plan for the troubled financial services firm Reliance Capital, paving the way for the acquisition by Indian conglomerate IIHL. The central bank’s endorsement comes with a “No objection” to IIHL’s offer of Rs 9,650 crore, confirming the successful bid…
A New York City woman who died Sunday from cancer has raised enough money to erase millions of dollars in medical debt with a posthumous plea for help. Casey McIntyre told followers in a social media message posted by her husband that she had arranged to buy the medical debt of others as a way…
November 17, 2023 Washington DC Good morning and welcome to our conference on Fiscal Policy in an Era of High Debt. Since the mid-1970s, global public debt has tripled to reach 92 percent of GDP by the end of 2022. So, debt levels had been rising for some time. On top of that, more costs…
Leading debt relief companies are innovating with groundbreaking tools and technologies to usher in a debt-free future for many. LAS VEGAS, Nov. 17, 2023 /PRNewswire/ — The landscape of financial management has seen a transformative shift, primarily driven by technological advancements. With surmounting debts becoming a global concern, leading debt relief companies are stepping up…
The English Premier League has deducted 10 standings points from Everton over a breach of league rules regarding profitability and sustainability. The deduction puts the Liverpool club at four points on the season, plunging it into 19th place in the 20-team league. In a statement released Friday, the Premier League said an independent commission found…
Clements kicked off her legal career with Burke Melrose, (which merged with Anthony Harper in 2013); here, she concentrated on securities and retirement law. She then relocated to London, where she logged over a decade working with the banking and finance team at Carey Olsen in London and the Channel Islands. At Carey Olsen, she…
On 9 November 2023, a three-judge bench led by Chief Justice D.Y. Chandrachud, with Justices J.B. Pardiwala and Manoj Misra, upheld the constitutionality of Sections 95, 96, 97, 99, and 100 of the Insolvency and Bankruptcy Code, 2016. These provisions allow loan creditors to initiate insolvency proceedings against individual and partnership firm debtors. The decision…