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What is Bankruptcy?
Bankruptcy derives its name from the Italian word “banca rotta,” which means “broken bench.” Since, traditionally, bankers used wooden benches, idiomatically, it means “broken bank.” Based on folk etymology
- Apr 18
- 4 mins read
What Software is Available For Insolvency Practitioners?
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.
- Apr 13
- 3 mins read
How Can Personal Insolvency be Legally Satisfied?
Bankruptcy, failure, collapse, or ruin are all synonymous with insolvency. It is the worst nightmare for both creditors and debtors…..
- Apr 02
- 4 mins read
Best Insolvency Software, Bankruptcy Software in 2020
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.
- Mar 26
- 4 mins read
Top 5 Myths You Must Know About-Voluntarily Liquidation
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….
- Mar 04
- 2 mins read
How to File Bankruptcy for Startup?
Filing bankruptcy for a startup means the business has become insolvent. The whole process that takes place after filing bankruptcy is called insolvency resolution. This process aims to give relief to the debtor from insolvency
- Feb 19
- 2 mins read
GFG Alliance acquires Adhunik Metaliks and Zion Steel
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.
- Feb 18
- < 1 min read
How Does Corporate Insolvency Resolution Process (CIRP) Works?
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.
- Apr 20
- 4 mins read
What Bankruptcy Software Entails?
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.
- Apr 15
- 4 mins read
DIFFERENCE BETWEEN INSOLVENCY AND BANKRUPTCY CODE 2016 AND 2018
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.
- Apr 09
- 4 mins read
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Lenders set to Regain 43.1% from insolvency proceedings
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…
- Feb 15
- 2 mins read
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How Can Personal Insolvency be Legally Satisfied?
Bankruptcy, failure, collapse, or ruin are all synonymous with insolvency. It is the worst nightmare for both creditors and debtors…..
- Apr 02
- 4 mins read