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On #Insolvency There are two types of financial Insolvency, the first is individual Insolvency other words known as "bankruptcy" while the corporate Insolvency is either "winding-up" or "liquidation" And different laws regulate them. So, when you are experiencing cashflow shortage and financial distress, it is important to determine what category you fall under and what legal remedy is available to you. #PreciousToju #QueenofDebtRecovery

𝗛𝗼𝘄 𝘁𝗼 𝗣𝗿𝗲𝘃𝗲𝗻𝘁 𝗜𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗕𝗮𝗻𝗸𝗿𝘂𝗽𝘁𝗰𝘆: Bankruptcy is a legal process that can be used to discharge debts, whereas insolvency is a financial position when company is unable to pay their debts. In this video, we provided you with tips on how to prevent insolvency and bankruptcy. Remember that prevention is always better than cure! If you like this video, hit on the like button and feel free to comment in case you have any questions related to this video! :: #PreventInsolvency #BankruptcyPrevention #AvoidBankruptcy #FinancialHealthTips #InsolvencyVsBankruptcy #DebtManagement #FinancialStability #BusinessFinance #BankruptcyTips #InsolvencyPrevention #DebtFreeLife #FinancialTips 

Filing a Consumer Proposal may be a solution that could keep you from being evicted. To find out what your best option is, book a free consultation with a Licensed Insolvency Trustee. They can help you decide on the best path forward. https://bit.ly/46iWKFM #rentalproperty #consumerproposal #bankruptcy #eviction #debtrelief #financialhelp #landlordtenant #budgetingtips #Manitobarentals #Winnipegrentals

Unallotted Share Application Money Fails to Qualify as Financial Debt Under IBC Due to Lack of Statutory Compliance and Time Value Consideration The National Company Law Appellate Tribunal (NCLAT), Principal Bench, comprising Justice Ashok Bhushan (Chairperson) and Technical Members Mr. Barun Mitra and Mr. Arun Baroka, reviewed an appeal today and held that unallotted share application money does not qualify as "financial debt" under Section 5(8) of the Insolvency and Bankruptcy Code, 2016. The Appellate Tribunal emphasized that such money.... Explore: https://lnkd.in/gzf_UAc5

Supreme Court (UK) pending decision to keep an eye out for: Case ID: 2023/0080 Case Name: El-Husseiny and another (Appellants) v Invest Bank PSC (Respondent) Questions for the court to decide upon: Did the Court of Appeal correctly interpret section 423 of the Insolvency Act 1986 by determining that: (1) a person can 'enter into' a transaction where they act on behalf of a company; and (2) there can be a 'transaction' for the purposes of section 423 where the asset which is alleged to have been disposed of at an undervalue was not beneficially owned by the 'debtor'?

Creditors are key participants in insolvency proceedings, as the maximized value of assets is closely tied to the recovery of creditors. Dua Associates’ July issue of In Brief makes a case for granting intervenors the opportunity to be heard, for a comprehensive understanding of the understanding of the financial situation and solvency of the corporate debtor , leading to better-informed decisions. Read on… Angad Varma Saurabh Nikalje Kevin Chadha #duaassociates #inbrief #july #insolvency #corporate

The automatic stay is a critical component of Chapter 11 bankruptcy, providing temporary protection against creditor actions and allowing the debtor to reorganize their financial affairs. #bankruptcy #chapter11 #chapter7 #business

The automatic stay is a critical component of Chapter 11 bankruptcy, providing temporary protection against creditor actions and allowing the debtor to reorganize their financial affairs. #bankruptcy #chapter11 #chapter7 #business

Heard the term insolvency but not sure what it really means? Insolvency occurs when an individual or company can no longer meet their financial obligations as debts become due. This can result from a wide range of issues and circumstances. If you're worried your business could be facing insolvency, don't struggle alone. Speak with our experts to explore your options. Book your FREE no-obligation consultation today: ☎ ️0800 012 6649 💻 https://buff.ly/2VIV8Uv #freeadvice #trustedadvice #debtadvice #freeconsultation #debthelp #insolvency #businessdebt #debt #expertadvice #LinesHenry #jargonbuster

💰🏦💸 Insolvency refers to a financial state where an individual or entity is unable to meet their financial obligations as they become due. It generally involves a situation where liabilities exceed assets which make it difficult or impossible to pay debts. Whereas, bankruptcy is a legal process that occurs when an individual or entity is declared insolvent by a court. It involves orderly distribution of assets to creditors to settle debts. Insolvency and bankruptcy both are extremely stressful for any individual or entity. This is why one has to be careful from the start and seek professional advices or tips. If you find our tips related to businesses helpful, make sure to follow us Registrationwala :: #Registrationwala #finance #bankruptcy #iabilities #assets #professionaladvices #Knowledgebase #legalprocess #financialobligations