Category Archives: Bankruptcy

Reform of insolvency procedures: pre-bankruptcy composition agreement – International Law Office (registration)

Introduction Pre-bankruptcy composition agreement in business continuity Pre-bankruptcy composition agreements in liquidation Third-party initiatives Additional changes Introduction By a decree of January 28 2015 the minister of justice set up the Rordorf Commission, a ministerial commission to develop and submit draft legislation designed to reform, review and reorganise the rules governing insolvency procedures in Italy…

insolvencies jump for first time since GFC – The Sydney Morning Herald

The number of Australians becoming bankrupt or insolvent has jumped for the first time since the global financial crisis.  In a week that saw business identity “Diamond Joe” Gutnick go bust, new statistics show the ranks of Australians taking financial measures of last resort has swelled.   Previous slide Next slide 0% interest rates: what would it mean…

R to ask for support from EU globalisation fund over OKD – Prague Daily Monitor

TK | 20 July 2016 Prague, July 19 (CTK) – The Czech Republic will in August apply for money from the European Globalisation Adjustment Fund (EGF) in aid of miners to be dismissed from the OKD company, it ensues from a document of the Labour and Social Affairs Ministry which the…

BCCI’s Working Committee could make way for Apex Council – Cricbuzz

The Supreme Court has said that based on the Lodha committee recommendations, the all-powerful Working Committee of the BCCI will now have to make way for a smaller, more powerful Apex Council. In the next six months, Justice Lodha and his panel with work with the BCCI to set up this council that will define…

Ex-FF TD Colm Keaveney had 1.23m debts after bankruptcy – Irish Times

Former Fianna Fáil TD Colm Keaveney became bankrupt, owing more than 1.23 million, after his creditors rejected a personal insolvency arrangement, court documents show. The bankruptcy documents show he sought to make a personal insolvency arrangement earlier this year, under which repayments of unsecured and secured debts, including mortgages, can be agreed with creditors. But…

Brynne Edelsten ventures out in Melbourne after she was declared bankrupt – Daily Mail

By Monique Friedlander For Daily Mail Australia Published: 21:42 EST, 19 July 2016 | Updated: 23:23 EST, 19 July 2016 2 View comments She is known for her eclectic sense of style.  And Brynne Edelsten certainly remained true to form as she strutted out in Melbourne wearing a bizarre mismatched outfit on Tuesday.  The 33-year-old…

Alleged organizer of Crimean blockade declared bankrupt – RAPSI

11:40 18/07/2016 MOSCOW, July 18 (RAPSI) The Moscow Commercial Court has declared Lenur Islyamov, alleged organizer of food blockade of Crimea, bankrupt, Islyamovs representative told RAPSI on Monday. On March 16, the court introduced a procedure for restructuring of Islyamovs debt upon the application of Sberbank of Russia. According to the banks representative, the businessmans…

North East Stays Top Of UK Personal Insolvency Table – North East Connected (press release) (subscription)

North East England has retained its unwanted place at the top of the national table for personal insolvency for the eighth consecutive year. According to the latest annual figures from The Insolvency Service, there were 22.6 individual insolvencies per 10,000 people in the North East in 2015, which are comprised of bankruptcies, Debt Relief Orders…

Unister files for insolvency after founder dies in plane crash – Financial Times

©EPA The scene of the plane crash in Slovenia where Unister’s Thomas Wagner died Four days after its founder died in a plane crash in Slovenia with a suitcase containing millions of euros in cash on board, the German internet company Unister has filed for insolvency. Thomas Wagners death had been a turning point for…

Unister files for insolvency, four days after death of founders in plane crash – Tnooz

Unister, the holding company behind a string of high-profile online travel brands in Germany, has made itself voluntarily insolvent. Under its umbrella are Fluege, Reisen and Geld all of which will not be affected, according to the filing, as they operated independently by other entities. An insolvency fund will allow the business to continue operations whilst…