Posted on: January 18, 2023, 12:02h. Last updated on: January 18, 2023, 12:53h. Erik Gibbs Read More A plan to vanish without a trace in order to cover his gambling losses went awry for a man in India. He thought he could incinerate a body as if it were his own and claim the insurance…
DetailsWed, 18 Jan 2023 | BUSINESS NEWS New figures from the Insolvency Service have shown that corporate insolvencies increased sharply in December 2022, as UK companies struggled with rising costs, plummeting consumer sentiment and the end of COVID-19-related government support. The Insolvency Service reported that there were 1,964 company insolvencies in December 2022, up 32…
DetailsTo further strengthen the insolvency law regime, the government on Wednesday proposed a raft of changes, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution…
DetailsHeritage Glass Group in Shrewsbury spent 60,000 on a new showroom and vehicles during lockdown Directors of Heritage Glass (Shrewsbury) held a board meeting on Tuesday and decided to place the company into a creditors’ voluntary liquidation with a financial black hole estimated to be about 800,000. The company, based at Racecourse Crescent, Monkmoor, had…
DetailsBy Anne D’Innocenzio and Michelle Chapman|AP, NEW YORK Party City has filed for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending. The company, based in Woodcliff Lake, New Jersey, said that its franchise stores, subsidiaries outside of the U.S. and its foil balloons Anagram business are not part…
DetailsA Party City in Clifton, NJ, on Jan 16, 2023. CNBC | Mike Calia Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load as inflation hits consumers’ wallets and dents sales. The company said Wednesday it struck an agreement to reduce its debt and has already received support…
DetailsThe government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code, which came…
DetailsTrouble erupts when Windy calls Antrim a pimp, before he gets violent when called a son of a bitch in return. He wrestles his much smaller opponent to the ground, pinning him down with his knees, and gleefully slaps the boy in the face. But the Kid has been humiliated for the last time. He…
DetailsCOLOMBO, Jan 18 (Reuters) – India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters. “We hereby confirm our strong support for Sri Lanka’s prospective (loan) program and commit…
DetailsThe government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. The Code has already undergone various amendments. “To strengthen…
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