Recent legal developments in the liquidation of Sberbank Hungary
The Hungarian government has issued a decree amending certain provisions of the bank’s liquidation procedure.…
NZMA board recommends winding up association
The NZMA board met last night and unanimously agreed to recommend members vote to wind…
Prospective buyers preparing final offers for St. Lawrence mine, insolvency monitor says
The company overseeing the sale process for the insolvent St. Lawrence fluorspar mine has confirmed…
McDonald’s Wave Insolvency Practitioners Notice Increase in IRD Initiated Liquidation Appointments
Thursday, May 5, 2022, 2:20 p.m.Press release: McDonald’s Wave Debt collection actions are gaining momentum…
The family business is put into liquidation after more than 140 years of activity
Huddersfield-based Bower & Child, which installed and serviced multi-fuel cookers and heaters, went out of…
Supreme Court Upholds Proceedings Under NI Act Against Company Director
By Taxscan Team – May 4, 2022 9:43 p.m. A three-judge bench of the Supreme…
Insolvency proceedings cannot be brought against the legal heirs of a personal guarantor under the Insolvency and Bankruptcy Code 2016: Bank Of Baroda, Stressed Asset Management Branch (Samb) V Ms Divya Jalan, Heiress personal guarantor of the late Sandeep Kumar Jalan – Insolvency/Bankruptcy
To print this article, all you need to do is be registered or…
Debtor in possession bankruptcy for MD Helicopters?
Wilmington, DEMD Helicopters Inc. appears to have secured financing that will see the company emerge…
Star Cruises ships sold for scrap in Genting Hong Kong liquidation
Star Pisces was one of the ships that launched Star Cruises…
NCLAT rescinds liquidation order for Ballarpur Industries Limited
the National Company Law Appeal Tribunal (“NCLAT”) Main bench composed of Judge Ashok Bhushan (president)…
Less rescue, more liquidation under IBC
The Insolvency and Bankruptcy Code, a new bankruptcy framework that came into effect in 2016,…
Need a framework to study the impact of insolvency law: secretary for corporate affairs
Amid fears the insolvency law has led to more liquidations than resolutions of troubled assets,…
Need for a framework to study the impact of insolvency law: Secretary for General Affairs
Mr. Rajesh Verma said that the government and regulator IBBI have constantly made course corrections…
The moratorium only applies to debtor companies; Individuals like its director would continue to be liable U/s 138 NI Act: Supreme Court
The Supreme Court reiterated that the moratorium provisions contained in Section 14 of the Insolvency…
Update on Recent Developments in Bankruptcy Law – Insolvency/Bankruptcy
April 29, 2022 Jenner and Block To print this article, all you need…
Beverly Roberts hard hit by the liquidation of the Youpla group | Liberal Daily
news, local news, A local Aboriginal woman claims she was harmed by missing funeral insurance…
Park Hall Hotel Ltd to go into liquidation as owner accuses closure of Covid lockdowns
Aysha Khan, director of Park Hall Hotel Ltd, appointed insolvency practitioners Smith & Barnes to…
UK government consultation on changes to insolvency rules for insurers – a financial counterparty perspective | Insights and Events
In May 2021, the UK government issued a Consultation which presented its proposals for targeted…
Nautilus: price lower than liquidation (undefined: NLS)
SolStock/E+ via Getty Images The description: Nautilus (NYSE: NLS) is a fitness solutions company. It…
NCLAT Delhi Confirms Corporate Debtor Cannot Be Sent For Liquidation Just Because Liquidation Value Is Higher Than Resolution Plan Value
the National Company Law Appeal Tribunal (“NCLAT”)main bench, composed of composed of Judge Ashok Bhushan…
Ellwood Medical Center debtor files bankruptcy suit
Ellwood City Medical Center Operations is seeking to recover $27,000 in transfers from Transport U…
Portishead bicycle company closes after going into liquidation
A Portishead bicycle maintenance and repair business went into liquidation and went out of business.…
Latest insolvency statistics show rise in voluntary liquidations
MANY business owners have decided that they will not be able to weather short-term economic…
How can DeFi lenders protect against liquidation risk?
Lending through decentralized finance protocols offers high rewards and high risk – Photo: Shutterstock Decentralized…
Joint Provisional Liquidators Appointed: All Year Holdings Limited – Insolvency/Bankruptcy/Restructuring
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Lloyd’s insurance broker goes into liquidation after bailout bid fails
A Lloyd’s of London broker hit by cash flow problems caused by the COVID-19 pandemic…
Fault and Justice: Section 212 of the Insolvency Act 1986
The recent decision of the English High Court of Re Glam and Tan Ltd [2022]…
Insolvency Service cracks down on other bouncing loan abusers
The Insolvency Service has successfully secured restrains against a gym operator and a roofer after…
[AD] Notice Regarding High Court Bankruptcy Proceedings HCB 1580/2021 Against Debtor Shen Xiao AASTOCKS Financial News
You expressly agree that use of this application/website is at your own risk. AASTOCKS.com Limited,…
A “protracted dispute” led to the liquidation
A shareholder spat has forced a Queenstown property company into liquidation owing more than $500,000…
Insolvency and Bankruptcy Board Amends Voluntary Winding-Up Process Regulations – Insolvency/Bankruptcy/Restructuring
India: Insolvency and Bankruptcy Board Amends Voluntary Liquidation Process Regulations April 18,…
Collection of debts via insolvency files at 31%; 47% of cases liquidated: report
Nearly half of the 3,247 insolvency cases have been resolved through liquidation, and…
ALRA in liquidation: information for students, employees and creditors
On April 12, 2022, liquidation orders were made against ALRA (company number: 04306353) and the…
Bankruptcies of individual debtors up 30% in one year
Written by Abraham Galvan on April 12, 2022 Advertisement Unusual times continue for Miami-Dade businesses…
Sony Welcomes NCLT Order to Start Manthan Liquidation Process
Bombay : The television distribution landscape is becoming more complicated day by day with the…
IBBI Notifies Amended Insolvency and Bankruptcy of India (Voluntary Liquidation Process) Regulations 2017
the Board of Insolvency and Bankruptcy of India (“IBBI”) issued a press release on 08.04.2022…
[COLUMN] Is Chapter 7 or 13 more suitable for debtors with $50,000 credit cards? —
The debtor also has a collection lawsuit for $10,000 THE client is 48 years old…
The government is accelerating voluntary liquidation
TNN Mumbai: The government said on Friday it had amended insolvency laws relating to voluntary…
MatlinPatterson and his creditors clash over fund liquidation
By Rick Archer (April 8, 2022, 6:17 p.m. EDT) – MatlinPatterson has hit back at…
Bankruptcy of the debtor: a legal analysis
Although the Bankruptcy Act offers certain benefits to stakeholders, the Act suffers from several shortcomings.…
Indian Insolvency Quarterly Overview – January to March 2022 – Insolvency/Bankruptcy/Restructuring
In recent times, several noteworthy judgments have been rendered by Indian courts and tribunals in…
India Accelerates Voluntary Liquidation Process: List of Changes
On April 5, 2022, IBBI, India’s leading Insolvency and Bankruptcy Code enforcement agency, changed the…
End of Covid Restrictions under Corporate Insolvency and Governance Act on Issuance of Winding Up Petitions – Insolvency/Bankruptcy/Restructuring
UK: End of Covid restrictions under Corporate Insolvency and Governance Act on issuing…
Insolvency Board Amends Standards on Voluntary Winding Up Settlements
The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations governing the voluntary…
Insolvency ‘tsunami’ will wipe out more than 10,000 businesses
Thousands of COVID zombie businesses and many more with unmanageable debts mean Australia will be…
High Court rules in UK’s first contested stand-alone moratorium proceeding – Insolvency/Bankruptcy/Restructuring
UK: High Court rules on UK’s first disputed stand-alone moratorium process April…
Apple Retailer Solutions Inc: Latest Liquidation Report
LIQUIDATORS of a store that sold Apple products until it closed without notice three years…
Final Payments on Termination and Insolvency: Does the Construction Act Apply?
A recent High Court decision ruled that the payment provisions of the Building Act did…
Utah Court of Appeals Allows Additional Remedy to Stop Judgment Debtor Hiding Behind Charging Order
Earthgrains Baking Companies, Inc. vs. Sycamore[1] involved a long-term attempt by Earthgrains Baking Companies, Inc.…
Government streamlines insolvency law
The government is taking steps to simplify the rules governing “unfair preference” claims by liquidators.…
Blackburn’s commercial director took out £50,000 pandemic loan despite going into liquidation
A company director took out a £50,000 pandemic loan when the car company was already…
Brockman-linked Bermuda liquidation invites Del. Ch.15
By Rick Archer and Leslie Pappas (March 30, 2022, 11:00 a.m. EDT) — Interests in…
Robert Brockman’s Bermuda liquidation invites Del. Ch.15
By Rick Archer and Leslie Pappas (March 30, 2022, 11:00 a.m. EDT) — Interests in…
Bankruptcy and insolvency — Consultation on the treatment of trusts under insolvency law
Australia’s current corporate insolvency regime does not expressly cover how companies that structure themselves through…
Halifax gas fitters banned from operating businesses after abusing insolvency regime
The two gas fitters appeared at Bradford Crown Court for sentencing after pleading guilty to…
Liquidation Services Market Size 2022, by Types, Applications, Industry Analysis by Top Key Players and Forecast to 2028 – Instant Interview
A new informative report entitled “Global Liquidation Services Market Status and Industry Forecast 2022-2028 Market…
National Security and Investment and Restructuring and Insolvency Act 2021 | Goodwin
The National Security and Investment Act 2021 (“NSIA” or “the Act”) came into force in…
TransNamib faces liquidation battle… Namandje sends letter demanding payment from Air Namibia
Parastatal RAILWAY TransNamib is considering possible liquidation if it fails to fend off an attempt…
NCLT Chennai explains the difference between the sale of “corporate debtor as a going concern” U/R 32(E) and the sale of “corporate debtor’s business as a going concern” in IBC
the NCLT Division Bench, Chennai composed of R. Sucharitha, judicial member and Sameer Kakar, technical…
Lawsuit: Teachers risk Sh11bn loss on Spire Bank liquidation
Customers enter and leave the Mwalimu National Sacco building in Kisumu in 2019. [Denish Ochieng,…
Voluntary Liquidation of a Solvent British Virgin Islands Company – Company Law/Commercial Law
To print this article, all you need to do is be registered or log in…
Property in which the judgment debtor has a beneficial interest, even if it is not legal title, is subject to levy | Schlam Stone & Dolan LLP
On February 9, 2022, Judge Barry R. Ostrager of the New York County Commercial Division…
McDowell Holdings shareholders call for EGM to save company from liquidation
Minority shareholders of the former company promoted by Vijay Mallya, McDowell Holdings (MHL), have requested…
Justice places suspended lawyer Tumi Mokwena in provisional receivership
Tumi Mokwena is seen outside the Thabamoopo Magistrates Court. (Antonio Muchave, Gallo Images, The Times,…
10 positive aspects of insolvency law
The Ministry of Economy presented a series of bills to the Congress of the Republic…
The institution of a lawsuit against a debtor company during the moratorium is prohibited IBC U/S 14: ITAT
By CP of Jwala – March 21, 2022 8:46 a.m. The Income Tax Appeal Tribunal…
NCLAT orders full release of provident fund for former employees
By CP of Jwala – March 20, 2022 1:08 p.m. The National Company Law Appellate…
Liquidation Services Market Investment Analysis
Global Liquidation Services Market (Before-After Covid-19) Analysis of size and forecast until 2030: The Global…
Supplier Sipp facing £600,000 bill Fos goes into liquidation
Provider Sipp Heritage Pensions Limited has gone into liquidation following four claims upheld by the…
Fitness First Hong Kong begins liquidation process by bidding farewell to consumers
Fitness center brand Fitness First has begun its liquidation process after exhausting all means…
Chelsea risk insolvency without a sale, says sport’s top lawyer
Chelsea FC need Russian oligarch Roman Abramovich to sell the club quickly. If not, there’s…
Supreme Court suspends liquidation of Siva Industries after promoters appeal
The Supreme Court (SC) stayed an order from the National Company Law Appellate Tribunal (NCLAT)…
Change the insolvency law for a rapid overhaul of the sugar sector
Columnists Change the insolvency law for a rapid overhaul of the sugar sector Wednesday, March…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps With Bankruptcy Issues in Halifax, Nova Scotia
Dartmouth, NS – Powell Associates Ltd. – The Licensed Insolvency Trustee works with individuals and…
Cybersecurity Firm Gets Ch. 11 Liquidation Plan Approved
By Vince Sullivan (March 11, 2022, 2:26 PM EST) — The bankrupt successor to cybersecurity…
Jersey insolvency: a fresh start for creditors – Insolvency/Bankruptcy/Restructuring
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How to avoid business insolvency in 2022
Shackles preventing stakeholders from lobbying companies will soon be resolved as petition protections and rental…
The company requests the liquidation of Myspace Properties
One of the houses built by MySpace Properties in Nyali Estate in Mombasa in 2015.…
Crystal Insolvency: Named Liquidation Assignee, Claims Website
Mark Healy has been appointed as the assignee to manage the liquidation of Crystal Cruises.…
Voluntary liquidation of commercial companies in the State of Qatar.
Introduction: Having discussed the compulsory liquidation provisions stipulated in the Qatari Commercial Companies Law (CCL)…
TGIF March 4, 2022 – Court Approves Liquidator Funding and Maintains Confidentiality – Insolvency/Bankruptcy/Restructuring
This week’s TGIF considers Thorn (liquidator), in the matter of South Townsville Developments Pty Ltd…
Avatar becomes second Florida insurer to face insolvency this year
Two weeks after St. Johns Insurance Co. was declared insolvent, Florida regulators moved to begin…
How a Voluntary Membership Liquidation Can Benefit Appeal Stakeholders – Insolvency/Bankruptcy/Restructuring
Australia: How a Voluntary Membership Liquidation Can Benefit Appeal Stakeholders March 08,…
Insolvency Practitioners: Supporting Mental Health for Best Outcomes – Insolvency/Bankruptcy/Restructuring
Australia: Insolvency Practitioners: Supporting Mental Health for Best Outcomes March 08, 2022…
Insolvency regulator to get more teeth, punitive powers; main map amendments
Commenting on whether the IBBI should be further strengthened, a former central banker said: “There…
Insolvency code recoveries shrink to 33% – The New Indian Express
By Express press service NEW DELHI: The much-vaunted reform of the Narendra Modi government -…
Withdrawing the CIRP can save the debtor company
JThe purpose of the Insolvency and Bankruptcy Code, 2016 (IBC) is to maximize the value…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps Individuals Understand Bankruptcy in Halifax, NS
Dartmouth, NS – The most common circumstances that could cause someone to accumulate unmanageable debt…
Health consortia file liquidation records in Del Chancery.
By Lauren Berg (March 1, 2022, 7:28 PM EST) – Consortia Health Holdings Inc. on…
Insolvency Overview – Issue 8 | February 2022 – Insolvency/Bankruptcy/Restructuring
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Agency ceases operations and appoints insolvency team to…
A two-branch letting agency in Hertfordshire has gone out of business and announces that it…
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…
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…