US bankruptcy filings in November down 15%; Chapter 11 filings down 70%
The US bankruptcy filings in November 2021 at 29,325 filings across all chapters were down 15% from the 34,486 filings...
International news
IFC to invest $100 million in JC Flowers’ India distressed assets fund
International Financial Corporation (IFC), a member of the World Bank Group, is partnering with JC Flowers & Co to help...
US bankruptcy filings reverse downward trend; jump 39% in March over February
The effects of government supports given to businesses and individuals last year owing to Covid-19 seems to be petering out...
UK govt extends ban on commercial evictions of businesses by three months
The UK government has extended the ban on commercial evictions of business owners -- many of whom have had to...
US bankruptcy commercial filings decline 45% in Feb; Chapter 11 filings drop 23%
Total US bankruptcy commercial filings in February 2021 decreased 45% over the same period last year, according to data provided...
January consumer insolvencies in Canada drop 36% Y-o-Y
The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 3.7% in January 2021 compared to the previous month....
Pre-pack sales to face mandatory independent scrutiny in UK; govt puts out draft rules
The UK government has put out draft regulations in Parliament which implement the requirement for mandatory independent scrutiny of pre-pack...
Australian Supreme Court suspends registration of liquidator Peter Ivan Macks for three years
The Supreme Court of South Australia on 12 February 2021 suspended Peter Ivan Macks’ liquidator registration for a period of...
Personal insolvency cases in Australia drop 54.4% in December quarter
Personal insolvency cases dropped 54.4% year-on-year in the December 2020 quarter, according to the latest personal insolvency statistics released by Australian...
Singapore unveils Simplified Insolvency Programme for micro, small companies
Singapore micro and small companies (MSCs), which have been severely impacted by COVID-19 and require support to restructure their debts to...