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Posts Tagged: Insolvency & Bankruptcy Board of India
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 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
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
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
Does Insolvency mean Bankruptcy?
The beginning of the months is the best for many reasons! It helps in giving you a fresh start, new events that take place, but most importantly, it is the time when you get your first pay check. The reassuring message that you earn when you see that there is sufficient balance in your savings account is very comforting.
- Apr 01
- 3 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
IMPACT OF RECENT AMENDMENTS TO THE INSOLVENCY AND BANKRUPTCY CODE
The present article discusses the major amendments introduced in the Insolvency and Bankruptcy Code, 2016 (IBC) by The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated December 28, 2019 (The Amendment Ordinance).
- Mar 16
- 5 mins read
How To Manage Bulky Creditor Claim Process In India During CIRP?
Once the adjudicating authority initiates corporate insolvency resolution process (“CIRP”) against a corporate debtor, the clock starts ticking……
- Mar 13
- 4 mins read
Best Practices for Insolvency Resolution Professionals
Best Practices for Insolvency Resolution Professionals is a compilation of practices prepared to help guide the Insolvency Professional under the Insolvency and Bankruptcy Code, 2016. Best Practices aims to improve and maintain high standards of ethics and professionalism.
- Mar 03
- 2 mins read
How to Become Registers Insolvency Professional or Resolution Professional
An Insolvency Professional works on the guidelines of Insolvency and Bankruptcy Board of India (IBBI) and must be affiliated with an insolvency professional agency. They play a major role in…
- Feb 26
- 2 mins read
Latest Post
How Does Corporate Insolvency Resolution Process (CIRP) Works?
- April 20, 2020
- 4 mins read
What is Bankruptcy?
- April 18, 2020
- 4 mins read
What Bankruptcy Software Entails?
- April 15, 2020
- 4 mins read
What Software is Available For Insolvency Practitioners?
- April 13, 2020
- 3 mins read
DIFFERENCE BETWEEN INSOLVENCY AND BANKRUPTCY CODE 2016 AND 2018
- April 9, 2020
- 4 mins read