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…
Bring an SOP for cross-border insolvency, according to an economic study
NEW DELHI: As part of insolvency reforms, the Economic Survey 2021-22 suggested several steps to…
Speedy Liquidation Should Be Preferred Over Unproductive, Lengthy Resolution Proceedings, Says NCLAT
The National Company Law Appeals Tribunal (NCLAT) has upheld a winding-up order for debt-ridden Siva…
Insolvency and bankruptcy code: the IBC leads to behavioral changes in debtor companies: economic survey
The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with…
The economic study stresses the need to simplify the voluntary liquidation process
A portal that combines all stages of the liquidation process, from application by companies to…
Business News | Stock and Equity Market News | Financial News
Search mutual fund quotes, news, net asset values Suzlon Energy INE040H01021, SUZLON, 532667 Zomato INE758T01015,…
Reform of Spanish insolvency law
At the end of 2021, the Spanish government approved a draft reform of Spanish insolvency…
Corporate Restructuring Review | Flight. 21 No. 1 | January–February 2022 – Insolvency/Bankruptcy/Restructuring
In this problem: The year of bankruptcy: 2021 A brief chronicle of the year’s notable…
Roth IRAs, like traditional IRAs, are excluded from Georgia debtor bankruptcy
In a first-print case, the Eleventh Circuit has ruled that Roth IRAs are excluded from…
Bankruptcy Court Rules Debtor-Assessor Not Safe for Pre- and Post-Assignment Damages Under Lease Assigned Before Bankruptcy Because Landlord Never Granted Release | Pillsbury Winthrop Shaw Pittman LLP
FundBefore filing Chapter 11 as part of the RGN Group case, H-Work LLC (H-Work) was…
Delaware Court Says Dismissal Eliminates Non-Debtor’s Exclusive Right to Provide Services to Debtor | Jones Day
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
Insolvency Overview – Issue 7 | January 2022
Legislation the Rating (Coronavirus) and Disqualification of Directors (Dissolved Companies) Act 2021 received Royal Assent…
California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud Judgment Void – Finance & Banking
United States: California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud…
WEPPA Changes in Effect: Some Welcome Changes – Insolvency/Bankruptcy/Restructuring
On November 20, 2021, long-awaited changes to the Wage Earner Protection Program (“PPP”) came into…
California Bankruptcy Court Says Debtor Barred From Challenging State Court Fraud Judgment Void
The United States Bankruptcy Court for the Central District of California recently ruled that a…
Liability of the personal guarantor of the debtor company vis-à-vis the insolvency and bankruptcy code
In accordance with article 128 of theIndian Contracts Act, 1872, the liability of a guarantor…
NCLT authorizes liquidation of Nitin Fire Protection
The dedicated bankruptcy court has ordered the liquidation of BSE-listed Protection Industries, a major player…
Clearance Services Market Report SWOT Analysis by 2031
New Jersey, United States,- Market Research Intellect has released a new publication on the Clearance…
Insolvency warning as industry faces mounting challenges | News
More than 340 architectural and engineering firms have gone bankrupt since the start of the…
Multiple Hours | Singapore: Posh China Pte Ltd undergoes voluntary liquidation of its members
Members of the shipping company Posh China Pte Ltd (UEN 202021351Z) decided to voluntarily liquidate…
An asset may be kept out of liquidation if said asset is pending in the High Court: NCLAT
NCLAT in a bench consisting of Judge Jarat Kumar Jain (judicial member) and Dr Ashok…
IBC | Statutory authority cannot raise new claim against debtor company after approval of resolution plan: Bombay High Court
The Bombay High Court has ruled that no statutory authority, including income tax authorities, can…
Sintex Industries lenders plan Swiss auction to avoid liquidation
SA lenders can hold a Swiss challenge auction or an inter-se tender if candidates for…
Singapore Court Provides Guidance on Conducting Debtor’s Bankruptcy Application
introduction Debtor bankruptcy claims may be considered less common than creditor bankruptcy claims. The law…
Sale of basilica, money from Chase the Ace could be included in archdiocese insolvency
The iconic Basilica of St. John the Baptist could be sold as the Roman Catholic…
Crystal Cruises suspends operations due to Genting HK insolvency
Crystal Cruises ocean cruise ships suspend operations until April 2022 (Crystal) Posted on January 19,…
A Trustee’s First Duty: Maximizing the Value of an Insolvency Case | King and Spalding
The primary duty of a trustee in bankruptcy is to maximize the value of the…
‘The EFL will never be forgiven if Derby County goes into liquidation,’ MPs insist as government steps in
Sports Minister Nigel Huddleston has ordered the EFL to work harder and faster to resolve…
Uncertainty hits self-managed super funds as Dixon Advisory goes into liquidation | Canberra time
news, latest news, liquidation, Dixon Advisory, ASXThousands of ACT investors would be affected by news…
Genting Hong Kong files for bankruptcy to avoid ‘messy liquidation’
The Genting Dream cruise ship began operating from Hong Kong in late 2021 (Dream Cruises)…
Genting Hong Kong could file for insolvency as funding dries up
Genting Hong Kong may file for temporary liquidation on Tuesday (January 18) after it was…
TTG – Travel Industry News
Jan 18, 2022by James Chapple Crystal Cruises parent company Genting Hong Kong may file for…
Coventry United deducted 10 points by the FA two days after stay of liquidation
Women’s Championship club Coventry United have been deducted 10 points by the Football Association, two…
PRC Court Issues First Recognition Order Under New Hong Kong-PRC Insolvency Scheme | Hogan Lovells
In a landmark decision, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
PRC court issues first recognition order under new Hong Kong insolvency agreement – PRC
In a landmark ruling, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
Brothers, sisters and father disqualified from directorships as part of company liquidation
Four family members involved in a medical equipment distribution company that went into liquidation following…
Delaware court rules dismissal eliminates non-debtor’s exclusive right to provide services to debtor
Nine Point Energy Holdings, Inc. and its affiliates (collectively, “Nine Point” or “Nine Point Debtors”)…
Modified Universalism: An Analysis of the Jersey Royal Court Decision – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in…
Credit Strategy – News in Recovery, Restructuring and Insolvency (TRI)
In an announcement that could affect more than 4,000 holidaymakers, Truly Holdings – owner of…
Liquidation of Hotondo Homes Hobart: Homebuilder goes into receivership
A major Australian home-builder has gone into receivership in a state capital, leaving thousands of…
Cyber Firm Gets OK to Vote on Ch. 11 Liquidation Plan
By Rick Archer (January 12, 2022, 2:28 PM EST) – The successor to bankrupt cybersecurity…
Back to Basics – Part 2, Sequestration (Bankruptcy)
This is the second article in ‘Back to Basics’, a series of articles focusing on…
Insolvency in Scotland: Back to Basics – Part 2, Sequestration (Bankruptcy)
This is the second article in ‘Back to Basics’, a series of articles focusing on…
Thomas Cook bosses cleared after two-year investigation into insolvency service collapse | Economic news
The former directors of Thomas Cook, one of Britain’s biggest travel companies, are to be…
Canada’s first licensed debtors lawyers complete training and are ready to serve financially struggling Canadians
Debtors Association of Canada raises the bar of expertise available to help those in debtHAMILTON,…
SA Express liquidation hearing postponed again
The airline’s interim liquidators are still trying to see if a suitable buyer can be…
Canada’s first Certified Debtor Advocates have completed their training and are ready to serve Canadians in financial difficulty
The Canadian Debtors Association raises the bar of expertise available to help those in debtHAMILTON,…
Cayman Insolvency & Restructuring: A Review Of 2021 – Insolvency / Bankruptcy / Restructuring
Cayman Islands: Cayman Insolvency and Restructuring: A 2021 Review January 10, 2022 Campbell To print…
Bankruptcy, Insolvency and Rehabilitation Proceedings in Mexico (Update) | International network of lawyers
KEY FACTS OF BANKRUPTCY, INSOLVENCY AND REHABILITATION PROCEEDINGS IN MEXICAN LAW – Preface – On…
Interaction between the IBC and the Admiralty
In a landmark judgment, the Bombay High Court ruled that a shipping company that goes…
Global Liquidation Services Market 2021 with Key Industry Trends Country Data, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future, and Business Analysis by Forecast
“Liquidation Services Market 2021: Final Analysis” Los Angeles, United States, March 2021, – The study…
FCA takes action as payday lender begins liquidation
By Najiyya Budaly (January 7, 2022, 12:40 GMT) – The city watchdog said on Friday…
Teletext Holidays and Alpharooms go into liquidation and thousands of customers to be reimbursed
TELETEXT Holidays and Alpharooms have collapsed and still have to reimburse thousands of customers. Truly…
Thank you to our MB Insolvency Sponsors!
TUAFC is grateful for the support received season after season by the sponsors and today…
Debtor’s request for rejection c. Chapter 13 Creditor’s Conversion Motion — The 9th Circuit Decision in In Re Nichols
On September 1, 2021, the Ninth Circuit issued its decision in the case of In…
Women’s Championship club Coventry United avoid 11 hour liquidation | Women’s football
Women’s Championship club Coventry United have avoided liquidation after an agreement in principle to sell…
NCLAT Cancels Twin Star Plan and Allows New Round of Bidding
The National Company Law Appeals Tribunal on Wednesday cleared the creditors committee of Videocon Industries…
National studies, Macey said, show that the ordinary debtor takes out at least ten financings per year
National studies, Macey said, show that the ordinary debtor takes out at least ten financings…
Court rejects due process challenge of creditors against discharge of bankrupt debtor’s subsidiaries
In Jackson v. The Center on Fourth, LLC (In re The Center on Fourth, LLC),…
Approach of offshore courts in matters of liquidation vis-à-vis arbitration agreements – Litigation, mediation and arbitration
To print this article, simply register or connect to Mondaq.com. It has become increasingly common…
Application of the insolvency code to the electricity distribution sector
Recently, the Union Energy Ministry claimed that state-owned electricity distribution companies (discoms) fall under the…
Top UK insolvency litigation to watch in 2022
By Joanne Faulkner (Jan 1, 2022, 10:02 p.m. GMT) – The growing popularity of the…
Top Companies Analysis of Liquidation Services Market Size in 2021 and Forecast to 2028
New Jersey, United States, – Market Research Intellect has been analyzing the technology and markets…
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Crowdfunding campaign set up to support Coventry United ladies after liquidation
CRAYFORD, ENGLAND – NOVEMBER 17: The Coventry United squad regroup ahead of the second half…
Bombay HC cancels the SNA to the debtor company, to submit a report for the evaluation year preceding the approval of the resolution plan under the IBC
Through Mariya Paliwala – December 28, 2021 11:27 a.m. The Bombay High Court rescinded the…
Restructuring and insolvency of struggling businesses in Japan during COVID-19
Introduction Since the start of the COVID-19 pandemic, as in many other countries around the…
The ambiguity over the jurisdiction of NCLT and DRT under IBC – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. The problem of non-performing assets…
Coventry United liquidation: WSL star Alex Greenwood supports ‘heartbroken’ players
Manchester City and England star Alex Greenwood has tweeted his support for Coventry United players…
A debtor under another name? Court Certifies Issue to Florida Supreme Court
Florida law provides that a UCC-1 funding statement is “seriously misleading” if it does not…
Government seeks comments on proposed changes to insolvency law
The government on Thursday invited comments on various proposed amendments to the insolvency law, including…
Insolvency Department appoints two new directors
The Insolvency Department has announced the appointment of two new directors to its Official Receiver…
Monthly Update on Restructuring and Insolvency | December 2021 – Insolvency / Bankruptcy / Restructuring
India: Monthly Update on Restructuring and Insolvency | december 2021 23 December 2021 HSA lawyers…
Power under PMLA to seize assets ceases once liquidation under IBC begins: Delhi HC
The power to seize assets under the Money Laundering Prevention Act will end once the…
Insolvency – Bermuda: Law and Practice – Insolvency / Bankruptcy / Restructuring
1. STATE OF THE MARKET IN RESTRUCTURING 1.1 Market trends and changes Bermuda’s restructuring market…
UB Engineering’s tax issue and liquidation procedure in the event of a pandemic
Four years after a court ordered the liquidation of Vijay Mallya’s UB Engineering company, its…
Cross-Border Insolvency and Dispute Resolution Keepwell: Nuoxi Capital Ltd v Peking University Founder Group Co Ltd
In Nuoxi Capital Ltd v Founding Group of Peking University Co Ltd [2021] HKCFI 3817,…
John Doyle Construction Limited (in liquidation) v Erith Contractors Limited [2021] WLR (D) 516]
Overview This Court of Appeal case follows on from the Bresco case[1], Meadow[2] and John…
Cayman Court rules on insolvency test for receivership of separate SPC portfolio
The Grand Court of the Cayman Islands recently upheld the appropriate insolvency test to be…
PMLA Authority Jurisdiction Ceases Against Debtor Company Properties Once Liquidation Is Approved: Delhi High Court
Through Mariya Paliwala – December 20, 2021 11:54 a.m. The Delhi High Court has ruled…
Insolvency Department Gets Power to Prohibit Debt Escrow Administrators
The Insolvency Department can now investigate and disqualify directors who dissolve their own businesses in…
Delhi HC Ends ED Coercive Action Against IBC Liquidation Firms
In a detailed decision on the interaction between IBC and PMLA, the court authorized a…
TGIF – When Can Liquidators Use Partnership Assets to Satisfy Creditors’ Claims? – Insolvency / Bankruptcy / Restructuring
Australia: TGIF – When Can Liquidators Use Partnership Assets to Satisfy Creditors’ Claims? December 16,…
Federal judge confirms Sharity’s liquidation plan | Health
Country united states of americaUS Virgin IslandsMinor Outlying Islands of the United StatesCanadaMexico, United Mexican…
Arbitration and insolvency – a battle of priorities
Insolvency-related claims relating to contracts subject to arbitration agreements continue to pose interesting challenges for…
Federal judge confirms Sharity’s liquidation plan
Dec. 15 — A federal judge upheld the plan to liquidate the bankruptcy of a…
UCC Funding Statements and Debtor Name Errors: Litigation Continues
Section 9 of the Uniform Commercial Code, adopted in the fifty states plus the District…
Liquidation of collapsed developer Privium could ‘recover’ money for hundreds of creditors
Directors of collapsed Queensland real estate developer Privium Group have recommended its liquidation, after finding…
Managers receive £ 12.4million in fees for Thomas Cook liquidation assistance
By Bonnie Eslinger (December 14, 2021, 6:36 p.m. GMT) – A judge on Tuesday awarded…
Applicability of Insolvency Laws to Personal Guarantors
INTRODUCTION Apex Court on May 21, 2021 at Lalit Kumar Jain V. Union of India…
Limitation of the powers of the National Company Law Court – Insolvency and Bankruptcy Code, 2016
introduction National Tribunal for Company Law (“NCLT”) was introduced in the Companies Act 1956 in…
Advantage Seeking Del. Court OK For Ch. 11 Liquidation
By Leslie Pappas (Dec 9, 2021, 5:09 p.m. EST) – The former parent company of…
Liquidators and long-term contracts: the importance of court approval – Insolvency / Bankruptcy / Restructuring
Australia: Liquidators and long-term contracts: the importance of court approval December 09, 2021 Corrs Chambers…
CHINA EVERGRANDE GROUP – Insolvency claim against real estate conglomerate ready – International creditor and DMSA also seek joint venture partners to file insolvency claim | national news
Chinese real estate developer China Evergrande Group again defaulted on overdue interest payments on December…
Ch. 7 Debtors Cannot Block New Litigation Funding Agreement, Appeals Court Says
The names of companies and law firms shown above are generated automatically based on the…
Srei creditors can initiate joint insolvency proceedings
A consolidated insolvency proceeding or group insolvency, if accepted by the NCLT, may generate more…