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Posts Tagged: Insolvency & Bankruptcy Code
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
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
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.
- Apr 07
- 4 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
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.
- Mar 24
- 5 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
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