The number of bankruptcies in Australia has fallen to a 24-year low, according to the Australian Financial Security Authority. The Australian Financial Security Authority (AFSA) has reported that bankruptcies have dropped 9.2 per cent year-on-year to 3,765 in the March 2019 quarter, compared to 4,148 in the same quarter in 2018. The March quarter figure…
DetailsOn 13 May 2019, the Sixth Appellate Administrative Court rejected the appeal of the National Bank of Ukraine against the ruling of the Kyiv District Administrative Court dated March 2, 2018, that had satisfied the lawsuit filed by the Cyprus-based companyTriantalInvestments Ltd PrivatBanksformer shareholder. “The NBU does not agree with the courts ruling and intends…
DetailsNEW DELHI: Who will benefit from the proposed scheme? The individual insolvency regime proposed by the corporate affairs ministry and the Insolvency and Bankruptcy Board of India (IBBI), which oversees the operation of the bankruptcy code, seeks to offer a quick resolution for those micro, small and medium enterprises, mostly incorporated as partnerships or proprietorships,…
DetailsNew Zealand-based CBL Corporation, which has operations in both the UK and Ireland, has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation directors Alistair Hutchison and Peter Harris said they decided not to oppose the liquidation application after failing to…
DetailsWant to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity…
DetailsPress release content from ACCESSWIRE. The AP news staff was not involved in its creation. Click to copyhttps://apnews.com/ACCESSWIRE/e46c6eb3a31243e0088a830aa835755a IRVINE, CA / ACCESSWIRE / May 13, 2019 / Sometimes people find themselves spiraling in debt, and they cant keep up with the payment. This causes them to be stressed out and trying so hard to make…
DetailsImage note: Displayed by Statistical Area Level 4 The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the March quarter 2019. New personal insolvencies fell in most capital cities in the March quarter 2019 compared to the previous quarter. The exception was Greater Darwin. March quarter 2019 regional personal insolvencies state by…
DetailsThe High Court of England and Wales has recognized Singapores new moratorium law for companies unable to pay their creditors. The ruling is positive for debt workouts across different jurisdictions and a boost to the city-states ambition to become Asias debt restructuring hub. Rajah & Tann Singapore and the London office of US law firm…
DetailsOne of the objects of the Insolvency and Bankruptcy Code, 2016 is stated to be balancing the interests of all stakeholders. This object and purpose have recently been the subject matter of judicial interpretation as well as arguments in some of the significant resolution cases undertaken under the provisions of the code. One of the…
DetailsA FEDERAL agency chased a Gladstone man for nearly two years to fill out a form a magistrate said would take just five minutes. Former business owner Michael Rodney Stark pleaded guilty in Gladstone Magistrates Court last week to one count of fail to make out and file statement of affairs and furnish a copy…
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