Insolvency & Bankruptcy Code Archives

Bankruptcy

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

toshendra

Apr 18
4 mins read

Bankruptcy Insolvency Liquidation

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.

toshendra

Apr 13
3 mins read

Bankruptcy Insolvency

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.

toshendra

Apr 09
4 mins read

Bankruptcy Insolvency

What Happens When Insolvency Is Declared?

Insolvency can be defined as a financial stage where an organization/Individual declares their inability to pay the debt to the creditors or the Investors in a particular time or completely defaults the debt.

toshendra

Apr 07
4 mins read

Bankruptcy Featured Insolvency

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…..

toshendra

Apr 02
4 mins read

Bankruptcy Insolvency Liquidation

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.

toshendra

Mar 26
4 mins read

Bankruptcy Insolvency Liquidation

THE INSOLVENCY AND BANKRUPTCY CODE EXPLAINED – ALL YOU NEED TO KNOW

The pace of development of the Indian insolvency law has been recorded slow and incremental before the enactment of the Insolvency and Bankruptcy Code, 2016 “code or IBC” as the framework for insolvency remained ineffective and fragmented for decades.

toshendra

Mar 24
5 mins read

Bankruptcy IBBI IBC Insolvency

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).

toshendra

Mar 16
5 mins read

IBC Insolvency News

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……

toshendra

Mar 13
4 mins read

Bankruptcy IBBI IBC Insolvency

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.

toshendra