Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures as it becomes a reform by, for and of the stakeholders, according to IBBI Chairperson M S Sahoo. Little over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides…
DetailsThe chief executive of the Legal Aid Board (LAB) has said it is clearly unhealthy for one barrister, Keith Farry, to be given the vast majority of personal insolvency cases by personal insolvency practitioners (PIPs), which are then funded by the state. The board is considering using its powers to force PIPs to use other…
Detailsimage copyrightScience Museum Groupimage captionA Vox Phantom guitar used by Joy Division’s Ian Curtis will go on display for the first time An exhibition charting the rise of Factory Records from punk-inspired start-up to “influential force” has opened in the city it called home. The Manchester label grew out of a club night, which started…
DetailsA mortgage is much more than just a big, scary debt you have to pay to enjoy homeownership. It’s an opportunity, thanks to today’s record-low interest rates, to get ahead financially, whether through building wealth or better managing your other debts. First, understand the difference between good and bad debt. Put simply, good debt is…
DetailsA partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&… A partner with experience in aviation finance, restructuring and insolvency matters in Asia has joined K&L Gates Hong Kong finance practice. Eugene Yeung has joined K&L Gates Hong Kong finance practice as a partner after three years at Pillsbury…
DetailsSelects editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. In May 2018, I quit my job as a youth leadership program director without having secured another. It was an…
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DetailsThe public can now help modify the regulations already put in place by the insolvency regulator Insolvency and Bankruptcy Code of India (IBBI) during the last five years since the enactment of the Insolvency and Bankruptcy Code (IBC). The regulator has now resorted to crowdsourcing of ideas to understand the important issues in the extant…
DetailsAdvice LBV Hub Financial Services Jonathan Amor, restructuring and insolvency partner at Azets, the UKs largest regional accountancy and business advisors to SMEs, comments on the May 2021 corporate and personal insolvency statistics for England and Wales. Corporate insolvencies Jonathan said: The figures released today for May 2021 show a slight increase in corporate insolvencies…
DetailsDarren Antony Reynolds, 51, from Willenhall, West Midlands, was the sole director of Active Wealth (UK) Limited, an independent financial advice company. A chartered financial planner, Reynolds advised hundreds of clients on the best way to invest their pension funds from December 2014 to the companys liquidation in February 2018. Following Active Wealths liquidation, an…
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