Bankrupt Invercargill psychiatrist says $4200 a fortnight not enough for balanced and normal lifestyle – Stuff.co.nz

A bankrupt psychiatrist couldn’t convince the courts his repayments should be reduced so he had more money for weekly massages and a personal trainer. A bankrupt Invercargill psychiatrist was unable to convince the courts his fortnightly debt repayments should be reduced so he could maintain a better work-life balance, including personal trainers, weekends in Queenstown…

Insolvency process: Who will pay 20% MAT on book profits when assets are written down? – Economic Times

MUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers writedowns in the profit and loss (P&L) accounts of companies, resulting in likely book…

High Court notice to Law Ministry on plea challenging Bankruptcy and Insolvency Code – The Hindu

The High Court of Karnataka has ordered issue of notice to the Union Law Ministry on a petition that has questioned the Constitutional validity of 77 sections of the newly enacted Bankruptcy and Insolvency Code, 2016. Justice A.S. Bopanna passed the order on the petition filed by Lotus Shopping Centres Pvt. Ltd., Mangluru. The petitioner…

Northern Ireland hotel directors declared bankrupt – Belfast Telegraph

Northern Ireland hotel directors declared bankrupt BelfastTelegraph.co.uk A director and former director of a hotel which previously shut-up shop have been declared bankrupt. http://www.belfasttelegraph.co.uk/business/northern-ireland/northern-ireland-hotel-directors-declared-bankrupt-36070358.html http://www.belfasttelegraph.co.uk/business/northern-ireland/article36070357.ece/5caa0/AUTOCROP/h342/2017-08-28_bus_34059730_I1.JPG Email A director and former director of a hotel which previously shut-up shop have been declared bankrupt. The Mellon Country Hotel in Omagh, which is famous for hosting country and…