Virtusa and Quality Clouds Forge Strategic Partnership to Enhance Tech Debt Management – PR Newswire

Debt Help

SOUTHBOROUGH, Mass., July 9, 2024 /PRNewswire/ — Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions, today announced a strategic partnership with Quality Clouds, a premier provider of SaaS governance solutions for Salesforce and ServiceNow platforms. This collaboration is set to revolutionize how Virtusa’s clients approach and manage technical debt, ensuring…

How the new personal bankruptcy threshold could hit SME directors – SmartCompany

Liquidation

The involuntary bankruptcy threshold will lift from $10,000 to $20,000, Attorney-General Mark Dreyfus says, giving debtors more breathing room before their creditors can launch court action. On Monday, Attorney-General Dreyfus said the federal government will introduce a suite of reforms to the bankruptcy system, bringing it up to speed with the contemporary economic landscape. In…

Stabilisers suggest Swiss corporate distress will stay in same gear – International Financial Law Review

Liquidation

In early 2024, Switzerland’s GDP continued a moderate growth, mostly due to the service economy. Most conjunctural indicators have stabilised in recent months. The Swiss federal government’s Expert Group on Economic Forecasts therefore expects, in its latest forecast, growth for the Swiss economy in 2024 to be similar to 2023; i.e., a GDP growth rate…

Holistic vs piecemeal: the state of review of Australian corporate insolvency laws – Clayton Utz

Liquidation

It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…

Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin

Liquidation

Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…

Bankruptcy Law Reforms – Mirage News

Bankruptcy

The Australian Government will introduce reforms to ensure Australia’s bankruptcy system is fairer and operates in the best interests of all Australians. Key changes include: Increasing the threshold for involuntary bankruptcies from $10,000 to $20,000, with the threshold to be indexed each year; Increasing the timeframe in which a debtor may respond to a bankruptcy…

How the new personal bankruptcy threshold could hit SME directors – SmartCompany

Bankruptcy

The involuntary bankruptcy threshold will lift from $10,000 to $20,000, Attorney-General Mark Dreyfus says, giving debtors more breathing room before their creditors can launch court action. On Monday, Attorney-General Dreyfus said the federal government will introduce a suite of reforms to the bankruptcy system, bringing it up to speed with the contemporary economic landscape. In…

Personal bankruptcy threshold to go up in overhaul to be revealed by Labor Attorney-General Mark Dreyfus – The Australian Financial Review

Bankruptcy

Jul 7, 2024 10.30pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? The threshold for involuntary bankruptcy will rise to $20,000 and bankrupts will have their official records cleared after seven years, under an overhaul of personal insolvency laws being unveiled…

Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin

Bankruptcy

Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…

Evaluating France's introduction of the classes of affected parties mechanism – International Financial Law Review

Liquidation

The French system for dealing with companies in difficulty comprises two categories of procedure: Amicable procedures (namely, mandat ad hoc and conciliation), which aim to reach an agreement with the main creditors through confidential negotiations under the aegis of a third party appointed by the president of the court; and Collective legal proceedings (namely, safeguard,…