Leading debt advice company welcomes the new Debt Respite Bill proposed by Kelly Tolhurst MP, and said it can’t be implemented quick enough. Scotland, United Kingdom – January 3, 2018 – (Newswire.com) The new debt respite bill which is due to be implemented by February 2018 strives to place a duty of care on lenders to…
Detailsnew David Charter, Berlin A consumer group is seeking to recover 1 million from the budget airlineHAUTE-CHRISTIAN DITTRICH/DPA/AP The sale of budget airline Niki to IAG, owner of British Airways, could hit turbulence tomorrow when a Berlin court is set to decide whether to reverse its insolvency filing. IAG agreed last Friday to pay 20…
DetailsThe Insolvency and Bankruptcy Code, 2016 has been in news since its inception due to the innovative and time-bound resolution framework. The Code intends to provide an efficient resolution to the menace of outstanding debts by the corporates and other persons due to the banks and other institutions. The intention is essentially to clean up…
DetailsMediation not only democratises insolvency resolution processes, but creates an inclusive space that benefits all parties What would you do when opponents resolve their differences and settle disputes? You would pat them on their backs and wish them well. The Supreme Court exercised its special powers under Article 142 of the Constitution of India to…
DetailsRichmond could be one of the communities to benefit after more than a million dollars was created by the provincial government to tackle gambling addiction. The B.C. government announced two weeks ago that $1.2 million in funding would be immediately dedicated to new, front-line, out-of-casino services such as early intervention, counselling and harm reduction –…
DetailsWednesday 03 January 2018 Article by Ceyda Erem Its day three of 2018 and for many Aussies, the new year, new me high it still going strong. Were chomping down on salads, lacing up our trainers and dusting off our piggy banks. But if one of your goals for 2018 is to finally get that…
DetailsThe last year saw banks take blow after blow- be it the forced recognition of bad loans or taking companies to bankruptcy courts. While the recognition part is over, resolution holds the key for realising the benefits. The Man who would bear the burden! Forget finance minister Arun Jaitley, or the Reserve Bank of India…
DetailsSong Jung-a January 3, 2018 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/98108809-6e89-3b26-8114-8305559a95fc
DetailsMUMBAI: As potential bidders queue up for buying companies under dedicated bankruptcy proceedings, insolvency professionals are roping in forensic investigators to scrutinise past transactions of customers, group companies, and financial and operational creditors. There are concerns that some of the past transactions could be fraudulent, and that the authenticity of claims by creditors may be…
DetailsSHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge), responded to objections filed by the Securities and Exchange Commission (SEC), stating the following: Since the Independent Manager took control of the Company and appointed a Chief Restructuring Officer on December 1, 2017, all fund…
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