What is the debate on personal guarantors in insolvency proceedings? – The Leaflet

The Supreme Courts recent judgment on the liability of personal guarantors when a company undergoes insolvency is a cautionary call to guarantors treading dangerous waters that will surely stir up a storm. A discussion on the effect of personal guarantees on a business debtor facing bankruptcy under the Insolvency and Bankruptcy Code, 2016 brings up…

Goldfields GP chain I-Medical Australia to push ahead with third clinic despite facing liquidation – ABC News

A country medical service facing liquidation has angered creditors by offering them 30 per cent of what they are owed to escape a half-a-million-dollar debt while pushing ahead with plans for a new clinic.  Key points: I-Medical Australia is facing liquidation after racking up almost half a million dollars in debt in three months Doctors who worked…