NEW DELHI: Putting in place the operational framework for insolvency and bankruptcy law, IBBI is being assisted by two advisory panels with inputs on various aspects, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code that seeks to consolidate and amend laws relating to reorganisation as…
DetailsThe number of people becoming insolvent across England and Wales leapt by a fifth in the third quarter of 2016, with experts warning that the numbers could continue to increase as the cost of living rises following the UKs Brexit vote. There were 24,251 personal insolvencies between July and September, marking a 19.3% increase compared…
DetailsInsolvency Office statistics reveal that the company liquidation rate in England and Wales is at its lowest level since records began in 1984. There has been a continuous downward trend in the rate since 2011. In the 12 months to the end of September 2016, 0.41 per cent of active companies (about one in 244)…
DetailsBy: PTI | New Delhi | Published:November 27, 2016 3:58 pm Putting in place the operational framework for insolvency and bankruptcy law, IBBI is being assisted by two advisory panels with inputs on various aspects, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code that seeks…
DetailsNational Debt Relief recently shared in an article published November 20, 2016 some very helpful ways consumers can deal with bad credit. The article titled “Bad Credit? Fixing It Isn’t Impossible if You Use These Three Tips” shares tips to help consumers get out of a bad credit situation. Dallas, TX (PRWEB) November 27, 2016…
DetailsMost clients of problem gambling counsellors were unable to pay their bills or debts. Photo: Financial Counselling Australia Until the day they sat in front of a counsellor, Sue* had no idea about the extent of her husband’s gambling addiction. On top of a $73,000 credit card debt, he had used $70,000 from his self-managed super fund. What’s worse,…
DetailsImage: Closed Pie Face store in Sydney via Wikipedia. Pie Face went into voluntary administration in 2014 while it was operating 70 company-owned and franchised stores within Australia. Following the closure of 20 outlets and a restructure of the business, Pie Face came out of administration early last year. After falling into receivership late last month, the business…
DetailsBy: PTI | Kolkata | Published:November 26, 2016 3:50 pm Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration.The Insolvency and Bankruptcy Code of India has got the Presidents assent and is now in place. ICSI thus has formed…
DetailsInstitute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration. “The Insolvency and Bankruptcy Code of India has got the President’s assent and is now in place. ICSI thus has formed an Insolvency Professional Agency for which we…
DetailsShare this: Prime Minister Narendra Modi listens to finance minister Arun Jaitley during the Global Business Summit in New Delhi January 16, 2015. Credit: Reuters/Anindito Mukherjee Indias government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it…
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