Business – Nobiskrug’s insolvency explained – Superyacht News – The Superyacht Report

The provisional insolvency administrator isin the process of analysing the companys financial position Nobiskrug, the German shipyard that specialises in the construction of custom superyacht projects over 60m, has filed for insolvency. The Neumnster district court has appointed Hendrik Gridmann, a restructuring expert from Hamburg law firm, Reimer, as the provisional insolvency administrator. Gridmann and…

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The student debt burden and its impact on racial justice, borrowers, and the economy – Brookings Institution

Chair Warren, Ranking Member Kennedy, and Members of the Committee, thank you for the opportunity to testify today. Federal student loans impose a crushing burden on many borrowers, particularly those who enroll in programs where most students dont finish, programs where most graduates are unable to find a job, or programs where debts incurred are…

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A wave of corporate insolvencies might be coming; but it could be good news for these ASX stocks – Stockhead

Link copied toclipboard The Australian Institute of Credit Management (AICM) has warned a flow of corporate insolvencies might be coming in the months ahead as government stimulus winds down. Although JobKeeper formally ended the last month, it will only stop being paid in early May. Additionally a temporary moratorium in Wind Up petitions has recently…

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Business rescue: Hong Kong still waiting for a moratorium mechanism – economia

Despite a tough period for businesses in Hong Kong the introduction of a corporate rescue procedure remains elusive, says Johnson Kong, Managing Director at BDO Hong Kong Not all jurisdictions offer companies the breathing space in which to restructure while keeping creditors at bay. In Hong Kong, for example, although recommended by the Law Reform…

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Fraud-hit sugar maker faces the crusher as company ordered for liquidation – VCCircle

Fraud-hit sugar maker faces the crusher as company ordered for liquidation | VCCircle Home Consumer Fraud-hit sugar maker faces the crusher as company ordered for liquidation Fraud-hit sugar maker faces the crusher as company ordered for liquidation By 13 April, 2021 Photo Credit: 123RF:com Tamil Nadus fraud-hit Thiru Arooran Sugars Ltd is headed for liquidation…

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