Business – Nobiskrug’s insolvency explained – Superyacht News – The Superyacht Report

The provisional insolvency administrator isin the process of analysing the companys financial position Nobiskrug, the German shipyard that specialises in the construction of custom superyacht projects over 60m, has filed for insolvency. The Neumnster district court has appointed Hendrik Gridmann, a restructuring expert from Hamburg law firm, Reimer, as the provisional insolvency administrator. Gridmann and…

Katie Price ‘owes £3.2 MILLION to creditors two years after being declared bankrupt’ – Daily Mail

Katie Price ‘owes 3.2 MILLION to creditors because she’s failed to pay off her debts – two years after being declared bankrupt’ By Laura Fox For Mailonline Published: 01:48 AEST, 14 April 2021 | Updated: 02:06 AEST, 14 April 2021 69 View comments Katie Price reportedly owes more 3.2 million to her creditors after accountants…

Businesses buoyed by Government stimulus to face cashflow pressures – Mirage News

Australian Institute of Credit Management Press release for 2021 Risk Report Businesses buoyed by Government stimulus to face cashflow pressures in coming months Corporate and personal insolvencies have declined to record low levels following the implementation of COVID-induced temporary protections, according to the 2021 AICM Risk Report. Drawing on data insights and the AICMs network…

Laurentian professors in precarious spot as university navigates insolvency – The Globe and Mail

The Northern Ontario School of Medicine building on the Laurentian University campus in Sudbury, Ont., on Feb. 1, 2021. Gino Donato/The Globe and Mail Tenured professors at Laurentian University expect to know Monday whether they will be laid off as part of an extraordinary restructuring aimed at cutting costs at the insolvent and debt-burdened school.…

Composition of active mass under TRLC – Newsletters – International Law Office

Introduction Inclusions Exclusions Active mass of married persons Introduction Article 192 of the Consolidated Text of the Bankruptcy Law (TRLC) introduces the concept of the ‘active mass’ of a bankruptcy, which constitutes all of the assets and rights integrated into the bankrupt’s assets on the date of the declaration of bankruptcy, as well as those…