Personal insolvency applications reached a record high in July, according to figures from business and credit risk analyst CRIF Vision-net. The Insolvency Service of Ireland (ISI) received 239 applications for personal insolvency arrangements, debt relief notices and debt settlement arrangements. This is a 125 per cent increase on the 106 applications made in July last…
Wirecards scandalous collapse exposes the weakness of a single EU financial market that leaves regulatory supervision to the member states. Wirecard was one of the great success stories of Europes fintech sector and a German national champion, holding a coveted place in the DAX 30, the countrys main stock index. But since it was suddenly…
Return to homepage Please subscribe to keep reading. You can cancel at any time. Already a subscriber? Loading&hellp; No thanks, return to homepage. Sign Up Today and Support Local Journalism Enjoy more articles from Charleston & Mattoon’s Most Trusted Information Source. Subscribers can log in for unlimited digital access {{featured_button_text}} CHARLESTON A test of Coles…
12:22 11/09/2020 MOSCOW, September 11 (RAPSI) Moscows Tverskoy District Court has sentenced a former deputy chairman of board of the bank Legion Victor Brusentsev to 7.5 years in penal coliny for 122 million-ruble ($1.6 million) embezzlement, the press service of the Prosecutor Generals Office has told RAPSI. Additionally, Brusentsev has been fined 800,000 rubles ($10,700).…
A sign marks the location of the Quapaw House Mountain Pine Road facility on Wednesday. – Photo by Richard Rasmussen of The Sentinel-Record Garland County Circuit Judge Lynn Williams last week found Quapaw House Inc. insolvent and appointed a receiver to take charge of its property, according to court filings. “From the pleadings before it,…
Troels Tuxen of law firm Bech-Bruun continues as trustee of a series of the Stadil family’s bankrupt estates. The Eastern High Court in Denmark has upheld a decision which declared the original trustee disqualified to act in the case. Photo: Jens Dresling/Ritzau Scanpix Log in to read our articles Welcome to ShippingWatch. A part of…
Introduction Bankruptcy through debt enforcement Bankruptcy by petition of the company More time to initiate restructurings and avoid bankruptcy due to COVID-19 Introduction Two main avenues exist for opening bankruptcy proceedings over a Swiss company: a creditor can initiate the procedure via debt enforcement; or the company can file a petition for bankruptcy with the…
By Janene Pieters on Thursday, 10 September 2020 – 12:25 The number of companies declared bankrupt in the Netherlands decreased further in August to the lowest number in 21 years, Statistics Netherlands reported on Thursday. This likely has to do with the government’s coronavirus support packages, rescuing companies that may have gone bankrupt even if…
Datuk Shabudin Yahaya said a total of 945 youths were declared bankrupt between January and July this year. Bernama pic KUALA LUMPUR, Sept 10 A total of 945 youths, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Ministers Department, Datuk Shabudin Yahaya.…
Small businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until 31 December 2020. The law is helping reduce the threat of creditors taking action against small businesses. It is…