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The Insolvency Practitioners Association or the Insolvency Practitioners use the Insolvency Software, which offers them the debt management solutions. It also applies to the cases where Individual Voluntary Arrangement (IVA) is made by the Insolvency practitioners.
Bankruptcy software is an essential tool used for providing guidance and services during the IVA process. To initiate the insolvency process and help those in debt, the use of insolvency software is required. Here are some key features of a bankruptcy or insolvency software.
The voluntary liquidation comes as a relief while you decide to shut down your company. It’s vital to have clarity on the liquidation process so you can make informed decisions about what to do next….
UK-based business baron Sanjeev Gupta’s GFG Alliance marks their first entry in India by acquiring the stressed steel companies Adhunik Metaliks and Zion Steel for Rs 425 crores on Tuesday.
In recent times due to coronavirus, we are seeing financial institutes tumbling, major economic factors turning red, and global recession looming. During the lockdown period, when economic activities around the world have stopped, stock exchanges have crashed, and investors are pulling out money.
We often get to hear about companies going ‘bankrupt.’ This word creates a lot of noise in the financial markets. Moreover, this word has negative connotations of failure or doom, which are not always true. Let us understand the dynamics of the Bankruptcy Process.
Insolvency and Bankruptcy Code 2016 (IBC) got introduced on 5th and 19th August 2016. It aims to consolidate 13 conflicting Pre-Insolvency and Bankruptcy Codes into a unified Insolvency and Bankruptcy Code.
Successful settlements of corporate insolvency proceedings until the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, averaging 43.1 percent of their filed claims of Rs 3.52 lakh crore…