105 people were adjudicated bankrupt here last year, according to the Insolvency Service of Ireland (ISI), a 47% reduction on a year earlier. A further 189 people exited bankruptcy the ISI annual report for 2022 shows, up from 135 in 2021. In total, 1.453m in dividends were paid from bankruptcy estates to creditors, the service…
DetailsThe number of Protective Certificates for debtors issued by the courts showed a small decrease in 2022, according to the annual report of Insolvency Service Ireland (ISI). The reduction to 1,151 from 1,221 the previous year is attributed by ISI to Covid lockdown impacts, as Personal Insolvency Practitioners (PIPs) continue to assess the need for…
DetailsJune 20 (Reuters) – Alibaba Group Holding (9988.HK) said on Tuesday that Eddie Yongming Wu, chairman of its Taobao and Tmall Group, will succeed Daniel Zhang as chief executive officer, in the company’s biggest executive reshuffle since its restructuring. The e-commerce giant announced in March it will split into six business units, each with its…
DetailsA month-on-month surge of over 50 per cent in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, with increasing numbers of companies expected to turn to an insolvency process over coming months to help resolve their financial issues. This is…
DetailsNSW Treasurer Daniel Mookhey has delivered a budget update to parliament, warning the state’s finances are unlikely to return to surplus as expected. Key points: Treasurer Daniel Mookhey said inflation had impacted the state’s bottom line A casino tax hike has been pushed in New South Wales The Crown and The Star can expect them to come into…
DetailsA month-on-month surge of over 50% in the number of corporate insolvencies in England and Wales highlights the toll that three years of economic turmoil is taking on local businesses, the Midlands branch of UK insolvency and restructuring trade body R3 says. The latest figures from the Insolvency Service show that corporate insolvencies jumped by…
DetailsA tax hike for Sydney’s casinos which was due to come into effect on July 1 has been deferred until August. Key points: A casino tax hike has been pushed in New South Wales Treasurer Daniel Mookhey said the new rates have not yet been legislated The Crown and The Star can expect them to come…
DetailsOur team of skilled corporate restructuring lawyers has a broad range of experience across the full spectrum of corporate advisory related matters, with specific recent experience in the retail sector in connection with company voluntary arrangements. Having acted on more retail CVAs than any other law firm over the past 12-18 months, Shoosmiths is now…
DetailsStephen Zeigler/Getty Images; Illustration by Austin Courreg/Bankrate For some, moving ahead with a debt relief company is an unavoidable last resort if bankruptcy is looming. Before moving ahead with this choice it is important to understand the risks that accompany it and how to lessen any future issues. What is the process of working with…
DetailsBUSINESS RESTRUCTURING REVIEWVOL. 22, NO. 3 MAY-JUNE 20231IN THIS ISSUE1 U.S. Supreme Court Rules that Bankruptcy Codes Protection of Unstayed Asset Sale Orders to Good-Faith Purchasers Is Not Jurisdictional2 Lawyer Spotlight: Meet Corinne Ball5 New York Bankruptcy Court Breaks from Precedent in Ruling that Time Approach Should Be Used to Calculate Landlords Claim for Lease…
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