Inflation and Insolvency Causing Interest Rates to Rise

US corporations' hiring plans last year totaled 769,953 workers, the fewest since 2015, according to the labor research firm Challenger, Grey, and Christmas. Private sector data shows that the need to hire new employees for all of last year was the …

Recasting insolvency resolution

‘India’s insolvency regime must evolve beyond mere debt resolution to serve as a proactive driver of economic rejuvenation’ | Photo Credit: Getty Images/iStockphoto The Insolvency and Bankruptcy Code, 2016 (IBC) is one of India’s most significant …

Study says half of Albertans $200 away from insolvency

Adding to financial woes, job anxiety has reached an all-time high. The report found that two in five Canadians fear someone in their household will lose their job in the next year. This anxiety is particularly pronounced in Alberta, where economic …

Mumbai: NCLT Orders Liquidation Of Tulip Hotels Under Insolvency And Bankruptcy Code After Failed Resolution Process

The National Company Law Tribunal (NCLT),  has ordered the liquidation of  M/s Tulip Hotels Private Limited under the Insolvency and Bankruptcy Code (IBC), 2016. The decision comes after the failure of the Corporate Insolvency Resolution Process (CIRP) …

Some intentionally become bankrupt to pay lower rates for loans, says Insolvency Department

PETALING JAYA: The Insolvency Department says some individuals abuse their bankrupt status to avoid burdensome loan repayments for large debts. Its director-general, Datuk M. Bakri Abd Majid, said these individuals would intentionally declare themselves …

Ithala faces liquidation amid insolvency concerns

Ithala's provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way. Photo: Ithala The Prudential Authority’s decision to file for the provisional liquidation of Ithala will result in the …

Insolvency Administrators Confident in Sale of FSG Shipyards

The provision insolvency administrators for Germany’s FSG and Nobiskrug shipbuilders told government officials and union leaders they remain confident in the efforts to save the financially troubled yards. Meeting on Friday, January 17 at the Nobiskrug …

Man posing as a barrister and personal insolvency practitioner fails to attend sentencing

A judge has issued a bench warrant after a man who defrauded about 1,200 people while posing as a barrister and personal insolvency practitioner failed to turn up for his sentence. David Williams (67), with an address in Lacken, Blessington, Co Wicklow, …

Man (67) who defrauded around 1,200 people while posing as barrister and personal insolvency practitioner fails to turn ...

Actuaries and Scientists Warn Climate Shocks Risk 'Planetary Insolvency'

U.K. actuaries and University of Exeter climate scientists on Thursday warned that "the risk of planetary insolvency looms unless we act decisively" and urged policymakers to "implement realistic and effective approaches to global risk …