News Jessica Fino 27 Oct 2017 03:33pm Personal and underlying company bankruptcies in England and Wales have risen in the last quarter … Read the full article at: http://economia.icaew.com/en/news/october-2017/personal-insolvencies-rise-thanks-to-voluntary-arrangements
DetailsLONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britains consumer economy. The governments Insolvency Service said 27,807 people in England and Wales registered as insolvent between July and…
DetailsBy Andy Bruce LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer economy. The government’s Insolvency Service said 27,807 people in England and Wales registered as insolvent…
DetailsBritish households are increasingly struggling with problem debts, according to alarming official figures, in the starkest indication yet of the UK slipping into the red. Government statistics for England and Wales show applications for individual voluntary arrangements (IVAs) a means of managing personal debt reached their highest level since they were introduced in 1987.The spike…
DetailsCoimbatore, Oct 27: The time taken and costs involved in resolving disputes has crippled the entrepreneurial community in India. Statistics show that the recovery is only 20 per cent in India and in global ranking, the country is ranked in the 136th position with respect to the time taken for resolving disputes. China is in…
DetailsTHE winding down of the defunct Interfin Bank (pictured) is facing new hurdles amid revelations a local property firm is suing the banks liquidator and prominent lender Jayesh Shah who is holding onto title deeds of the plush Golden CT housing project, it has been established. By Bernard Mpofu Equity Properties has slapped Shah with…
DetailsCompany adjusts full-year guidance PLANO, Texas – (Oct. 27, 2017) – J. C. Penney Company, Inc. (NYSE:JCP) today provided a preliminary update on its expected third quarter performance, following actions taken during the quarter to accelerate the liquidation of inventory. The Company’s fiscal third quarter ends Oct. 28. “Based on the encouraging results…
DetailsApplications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice. The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code. Moving ahead with…
DetailsA UK based organisation that offers free debt advice to people in Ireland may be in contravention of Irish law by calling itself a charity when it has not yet been registered as a charity in Ireland. StepChange Debt Charity Ireland, a subsidiary of a UK registered charity, started offering free debt advice to Irish…
DetailsConsultation on Individual Insolvency and Rights and obligations of MSMEs held at Ludhiana New Delhi, Oct 27 (KNN) Eyeing at strengthening the Insolvency and Bankruptcy Code (IBC) framkework, the Insolvency and Bankruptcy Board of India (IBBI) organised a stakeholder consultation on Individual Insolvency Rights and obligations of Micro, Small and Medium Enterprises (MSMEs) owners,…
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