Elaine Wilcox When a business is forced into insolvency, concerns for the welfare of employees will run alongside the fear for your personal financial position, particularly if you have given personal guarantees in respect of company liabilities, and as a company director, it is often thought that you have few statutory entitlements. However, there are…
DetailsWHAT WILL YOU LEARN? Module 1: History behind the enactment of the Insolvency and Bankruptcy Code, 2016 & BLRC Module 2: Introduction to the Corporate Insolvency Resolution process Module 3: Drafting of applications filed for initiation of CIRP under section 7, 9 & 10 Module 4: Admission order, moratorium & interim finance under IBC. Module…
DetailsThe owners of embattled salmon farmer Nova Austral are scrambling to stave off the threat of insolvency, but executives at the company and industry members paint a bleak picture. Despite Nova Austral recording improved harvests and sales volumes in the first quarter of 2023 compared with the same period last year, the company said “there…
DetailsThe owners of embattled salmon farmer Nova Austral are scrambling to stave off the threat of insolvency, but executives at the company and industry members paint a bleak picture. Despite Nova Austral recording improved harvests and sales volumes in the first quarter of 2023 compared with the same period last year, the company said “there…
DetailsThe owners of embattled salmon farmer Nova Austral are scrambling to stave off the threat of insolvency, but executives at the company and industry members paint a bleak picture. Despite Nova Austral recording improved harvests and sales volumes in the first quarter of 2023 compared with the same period last year, the company said “there…
DetailsStudent loans have always been a murky subject for many people, but the recent developments with loan repayments and forgiveness have made them all the more confusing. Last year, President Joe Biden announced a plan to forgive up to $20,000 in student loans (or $10,000 for those who did not receive a Pell Grant) for…
DetailsThe owners of embattled salmon farmer Nova Austral are scrambling to stave off the threat of insolvency, but executives at the company and industry members paint a bleak picture. Despite Nova Austral recording improved harvests and sales volumes in the first quarter of 2023 compared with the same period last year, the company said “there…
DetailsThe Insolvency and Bankruptcy Code, 2016 (Code for short) provides the procedure for the conducting of corporate insolvency resolution process (CIRP for short) that may be filed by the financial creditor or operational creditor against the corporate debtor. The Code provides that the Adjudicating Authority shall appoint the Interim Resolution Professional under Section 16 of…
DetailsThe owners of embattled salmon farmer Nova Austral are scrambling to stave off the threat of insolvency, but executives at the company and industry members paint a bleak picture. Despite Nova Austral recording improved harvests and sales volumes in the first quarter of 2023 compared with the same period last year, the company said “there…
DetailsCollapsed weight loss giant Jenny Craig has been unsuccessful in finding a buyer for its physical stores and will now “immediately cease trading” with all staff being made redundant, the business’ administrators announced. Jenny Craig Australia announced back in May it would continue to trade while administrators investigate options for restructuring the popular business, the…
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