CLOSE to 40% of those who were declared bankrupt are between the ages of 35 and 44, says Minister in the Prime Ministers Department Datuk Seri Azalina Othman Said. They made up 37.38% or 17,917 individuals who were declared bankrupt as of December last year. She said a total of 47,929 individuals were declared bankrupt…
DetailsMark Greeven is professor of innovation and strategy at IMD business school in Lausanne, Switzerland and chief executive of IMD China. He is also the author of “Business Ecosystems in China: Alibaba and Competing Baidu, Tencent, Xiaomi and LeEco.” The restructuring of Alibaba Group Holding is off to a fast start. Read the full article at:…
DetailsThe Hyderabad bench of the National Company Law Tribunal (NCLT) has approved Dharampal Satyapal Group’s resolution plan for Viceroy Bangalore Hotels. The hospitality company owns the Marriott-managed five-star Renaissance Bengaluru Race Course Hotel, and has around 1,100 crore of unpaid debt. The New Delhi-based acquirer has proposed 300 crore to buy the company in a…
DetailsInvesting / Stocks RapidEye / Getty Images/iStockphoto After youve painstakingly done your research on what stocks to buy or which company to invest in, if that company then files for Chapter 11 bankruptcy it can hit you hard, especially in the wallet. Any investment comes with a level of risk, and knowing the entire financial…
DetailsHigh inflation, along with a rising rate environment, has pushed many Americans to rely more on debt to keep up with household spending. This has led to near record high balances in both credit cards and unsecured loans, according to TransUnion. If high balances are keeping you up at night, debt relief could be the…
DetailsRacehorse owner Marwan Koukashs absence from this weeks Chester race meeting has been explained after it was revealed he has been declared bankrupt. The entrepreneur and former owner of Salford Red Devils rugby league club was dubbed Mr Chester because of his passionate support of his local track where he won its feature prize the…
DetailsSupplied A screenshot from Makouri Scott’s website A Kiwi artist who booked a space flight, later spent almost the entire US$100,000 (NZ$162,000) refunded ticket despite bankruptcy proceedings against him. The facts of this case are, to my mind, unique, associate judge Owen Paulsen said, about the recent case before the High Court of Dunedin. He…
DetailsIan Royle and Louise Longley who have been promoted to partner at Begbies Traynor Louise Longley and Ian Royle have been promoted to the position of partner in the Yorkshire region by leading rescue and recovery specialist Begbies Traynor. Having joined Begbies Traynors Leeds office in 2004 as an insolvency administrator, Louise qualified as an…
DetailsIBC: Guarantor’s Liability Not Always Co-Extensive With Borrower, Says Insolvency Tribunal Law & PolicyIBC: Guarantor’s Liability Not Always The Same As The Borrower, Says Insolvency Tribunal ADVERTISEMENT 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/ibc-guarantors-liability-not-always-the-same-as-the-borrower-says-insolvency-tribunal
DetailsWere keen to hear from people who have entered into a form of personal insolvency called an individual voluntary arrangement (IVA). These legally binding agreements with creditors let a person pay an agreed monthly amount over a period of usually five or six years. At the end, as long as the agreement hasnt been broken,…
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