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…

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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…

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What is the difference between a debt settlement and a debt management plan? Here are the key differences to know – CNBC

Getting out of debt can be a difficult process. While debt consolidation can help those wanting to pay off credit card debt or other types of debt, sometimes you need professional help. Two popular options are debt settlement companies and debt management services, but they each offer very different paths to solvency. Here’s what you…

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