Liquidation leaves behind heartache for owner, $500,000 in unpaid bills
Two Taranaki couples were left with tens of thousands of dollars out of pocket after…
Monthly Archives: February, 2022
Hull UK Corporate Rescue/Insolvency Solicitors – Legal Advice Service Extension
Hull-based commercial law firm Hallmark Solicitors (0800-037-1305) has expanded its business legal services offering to…
Insolvency Overview – Issue 8 | February 2022
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Teligent says stalled plan talks make liquidation best option
By Rick Archer (February 24, 2022, 7:07 PM EST) – Bankrupt generic pharmaceutical company Teligent…
The Oasis nursing home in Plymouth is in liquidation
A Plymouth care home where rooms could cost up to nearly £1,000 a week has…
Henrico-based sign maker closes and files for liquidation | Local business news
Henrico County-based Acorn Sign Graphics Inc., a maker of custom architectural signs that twice landed…
Can I trigger an unfair preference claim? – Insolvency/Bankruptcy/Restructuring
Australia: Can I trigger an unfair preference claim? February 23, 2022 Cathro…
TGIF – High Court takes broad approach to power of review – Insolvency/Bankruptcy/Restructuring
This week’s TGIF examines the recent High Court decision in Walton v ACN 004 410…
Your debtor’s assets are just a click away! – Insolvency/Bankruptcy/Restructuring
Turkey: Your debtor’s assets are just a click away! February 22, 2022…
The insolvency of the personal guarantor is independent of the insolvency resolution process of the debtor company
Facts The State Bank of India Stressed Asset Management Branch (SBI) has filed a petition…
Guidance on Carbon Capture, Utilization and Sequestration Comment period open – Environment
United States: Comment period opens on carbon capture, utilization and sequestration February…
Liquidation Services Market by Key Player – , Liquidity Services Inc, Liquidation.com, Apex, RBK, Ogier, Ahmed Ghattour & Co., DMS Governance, SJD Accountancy, New Zealand Insolvency and Trustee Service, Liquidation Servic
Global Liquidation Services Market research is an intelligence report with meticulous efforts undertaken to study…
Exclusion of time from CIRP helps restart debtor company operations, such exclusion must be allowed: NCLT
By Taxscan Team – On February 20, 2022 11:07 The Delhi Bench National Company Law…
If the exclusion of time from the CIRP helps the debtor company to restart its operations, such an exclusion must be authorized: NCLAT
The NCLAT Single Bench consisting of Judge M. Venugopal, Judicial Member in the case of…
“Credit Debtor Exception” for Post-Petition Interest on Unsecured Claims (In re Hertz)
The notice is Wells Fargo Bank, Indenture Trustee c. The Hertz Corp. (In re The…
Luxembourg publishes a first draft of administrative dissolution without liquidation procedure
Bill n°6539B, resulting from the splitting of bill n°6539 relating to the safeguard of companies…
R3 Responds to January 2022 Insolvency Statistics
Eleanor Temple, chair of commercial insolvency and restructuring body R3 in Yorkshire Business bankruptcies rose…
Update: Expansion of the Jersey Insolvency Toolkit – Insolvency/Bankruptcy/Restructuring
Jersey: Update: Expansion of Jersey Insolvency Toolkit To print this…
New CEQ Directive promotes “responsible deployment” of carbon capture, use and sequestration
On the heels of a new initiative by the Biden administration to reduce emissions from…
During moratorium, cannot sue against ‘corporate debtor’: High Court of Punjab and Haryana : The Tribune India
Tribune press service Saurabh MalikChandigarh, February 16The Punjab and Haryana High Court has…
The Luxembourg tax authorities place FinTech player MyBucks in liquidation
MyBucks. Image source – Africa Business Communities MyBucksa FinTech company owned by JSE side Afristrathas…
Substantive Opinions on Consolidation and Non-Consolidation – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in…
What do you do if a debtor fails to adhere to their confirmed bankruptcy plan? | Miller Canfield
A recent opinion from the Michigan Court of Appeals explained that when a debtor defaults…
What do you do if a debtor fails to adhere to their confirmed bankruptcy plan?
Related practices and jurisdictions Tuesday, February 15, 2022 A recent opinion from the Michigan Court…
Mallinckrodt liquidation would result in $5.2 billion financial hole, court told
Creditors of Mallinckrodt, the Dublin-based but US-led drugmaker, would face a $5.24bn (€4.6bn) financial shortfall…
Crystal Cruises is done, assignee appointed to handle liquidation
The exhausted and sad former Crystal Chairman Jack Anderson detailed the closure, the chaotic final…
Addleshaws is hiring in Paris for the launch of its insolvency practice
Addleshaw Goddard set up a struggling business law firm in its Paris office, hiring a…
Liquidation Services Market to Reach USD 11.07 Billion by 2029 – , Liquidity Services Inc, Liquidation.com, Apex, RBK, Ogier, Ahmed Ghattour & Co., DMS Governance, SJD Accountancy, New Zealand Insolvency and Trustee Service, Clearance Service
Global Liquidation Services Market research is an intelligence report with meticulous efforts undertaken to study…
When is a guarantee claim reduced by collection in the event of a debtor’s bankruptcy? | Morgana Lewis
Let’s take the example of a lender who extends a term loan in the amount…
When is a guarantee claim reduced by collection in the event of a debtor’s bankruptcy? – Publications
Overview February 10, 2022 Let’s take the example of…
Cricursa faces liquidation unless a buyer is secured
Curved glass manufacturer Cricursa, based in Barcelona, Spain, faces an uncertain future. According to El…
Adjudication of Third Party “Claims” by NCLT – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in…
Involuntary + ABC + Voluntary [All For Same Debtor] = Stay and transfer orders (In re Aliera)
An “Order Staying Subsequent Bankruptcy Cases” comes from In re The Aliera Companies Inc.Case No.…
Free Bankruptcy Lawyer in Milwaukee, Wisconsin
Do I need a lawyer to file Bankruptcy? In contrast to those who file in…
Corporate insolvency and rate liability
Liability for business rates is complex, and the question of who is liable if occupants…
Turkey, Financial Structuring of Large Scale Loans – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in…
D&M Meats goes into liquidation
A WORCESTER butcher shop which suddenly closed due to over £1.5million is now in liquidation.…
Preston’s second man loses nearly £30,000 after building company goes into liquidation
A Fulwood man says he was left with a crumbling house and garden, and £25,600…
Lender wins appeal against €573m restructuring debtor
By Lucia Osborne-Crowley (February 4, 2022, 4:54 p.m. GMT) – The Court of Appeal ruled…
IBC – Operational debt includes advance payment made to a debtor company for the provision of goods or services: Supreme Court
The Supreme Court observed that the operational creditor includes all those who provide or receive…
Derby County: EFL reject club’s attempts to use insolvency laws to settle certain debts
Derby County are currently seven points from safety after being deducted 21 pointsThe EFL says…
Judge says he will accept Global Brands liquidation plan
By Rick Archer (February 3, 2022, 2:31 PM EST) – A New York bankruptcy judge…
Insolvency Australia announces new director
Gareth Gammon, former chief operating officer at Jirsch Sutherland, has assumed the role of new…
IBBI plans to reduce delays in voluntary liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the regulations governing…
Debtor’s attorney failed to mitigate the attorneys’ fees incurred for the violation of Section 362(k) by rejecting the settlement offer; Proceed to trial | Smith Debnam Narron Drake Saintsing & Myers, LLP
Section 362(k) of the United States Bankruptcy Code allows a person injured by a willful…
Dozens of Newcastle stores file for insolvency as impact of pandemic hits city hard
The coronavirus has had a huge impact on the retail sector, with closures and restrictions…
Delaware Court Says Dismissal Eliminates Non-Debtor’s Exclusive Right to Provide Services to Debtor – Insolvency/Bankruptcy/Restructuring
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
The future of sequestration in Scotland
On 26 January 2022, the Covid Recovery and Reform Bill (the “Bill”) was introduced in…
Voluntary Liquidation: Think Global, Act Local – Budget Introduces Cross-Border Insolvency and Accelerates Voluntary Liquidation
Finance Minister Nirmala Sitharaman during her budget speech announced that changes have been proposed to…