29 November 2022 Consultancy.uk 2 min. read Kroll has grown its UK restructuring advisory practice with the appointment of two Managing Directors. Annika Kisby and Sarah Rayment will now work to advance Krolls position in the market. In 2022, global corporate insolvency numbers are expected to increase by 33%, returning to levels not seen since…
DetailsThe Companies and Allied Matters Act CAMA 2020 was signed into law by President Muhammadu Buhari and serves as the apex regulatory guide for Corporate practice in Nigeria. Unlike the previous CAMA 2004(now repealed), the new CAMA has certain provisions governing Corporate Insolvency practice in Nigeria which revolves around the methods and processes used to…
DetailsIRVINE, CA / ACCESSWIRE / November 28, 2022 / Debt has become endemic in the United States, with total personal debt in the country surpassing $14 trillion in the first half of 2021. That works out at around $58,000 per adult, with 77% of households carrying debt of some kind. Given these figures, it is…
DetailsLaurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…
DetailsThe Australian Financial Security Authority (ASFA) has published data that continues an encouraging annual decrease in personal insolvencies. A total of 2,410 personal insolvencies were recorded in the September 2022 quarter, down 8.1% from the same time in 2020. Of these, 59.2% were bankruptcies and 39.5% were debt agreements, with the remainder personal insolvency agreements…
DetailsThe first week of my college career, while standing at a table in the quad at the University of Illinois, I signed up for my first credit card. My primary motivation for signing up for the card was the free two-liter bottle of soda they were giving away with a completed applicationI drank a lot…
DetailsLaurentian University has formally exited the insolvency process, the school announced Monday, ending almost two years of turmoil at the institution. LU sent shockwaves across the community Feb. 21, 2021, when it announced it was insolvent and was entering protection from creditors under the Companies Creditors Arrangement Act (CCAA). It was the first time a…
DetailsA former Cork dentist turned property developer has had a record 170 million in debt written off in a personal insolvency agreement (PIA). It is the largest PIA ever approved by the High Court. As part of the agreement, 55-year-old Barry Harte from Timoleague, Bandon, Co Cork is to provide a total of 80,000 to…
DetailsThe High Court has approved a Personal Insolvency Arrangement (PIA) allowing a former property developer and investor write-off approximately 170m of debt owed to parties including Nama and various financial institutions. The PIA was made in favour of 55-year-old Barry Harte, from Timoleague, Bandon, Co. Cork, who is to provide a total of 80,000 to…
DetailsThe collapse of the worlds third largest cryptocurrency exchange FTX has claimed another victim, with crypto lender BlockFi filing for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jerseyon Monday. In its bankruptcy filing, the company stated that it had liabilities and assets ranging from $1 billion to…
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