Inability to pay debts; insolvency.
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Personal Insolvency Arrangement (PIA)
A Personal Insolvency Arrangement (PIA) is a statutory mechanism in Ireland for individuals who cannot repay their debts as they come due but who wish to avoid bankruptcy. The arrangement is one of the three alternatives authorized under Ireland's Personal Insolvency Act 2012; Debt Settlement Arrangements (DSA) and Debt Relief Notices (DRN) are the other two arrangements. A PIA is a legal agreement between a debtor and their creditors that is mediated and administered by a Personal Insolvency Practitioner (PIP). A PIA usually lasts for a term of six years and must include both unsecured debt and secured debts.
Corporate Rescue and Insolvency
Corporate Rescue and Insolvency is a bi-monthly English-language journal with commentary and analysis on domestic and international insolvency and restructuring law.
Inquiry into Construction Industry Insolvency in NSW
The Inquiry into Construction Industry Insolvency in NSW was an inquiry established on 9 August 2012 by the state government of New South Wales in the aftermath of the financial collapse of a number of well established building /construction companies. These included Reed Constructions, Hastie Group, Kell & Rigby and St Hilliers. The inquiry's stated purpose was to "safeguard the interests of sub-contractors in the sector".
Swiss insolvency referendum, 1889
A referendum on a federal law on insolvency and debt was held in Switzerland on 17 November 1889. The new law was approved by 52.9% of voters.
Hong Kong insolvency law
Hong Kong insolvency law regulates the position of companies which are in financial distress and are unable to pay or provide for all of their debts or other obligations, and matters ancillary to and arising from financial distress. The law in this area is now primarily governed by the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32) and the Companies (Winding Up) Rules (Cap 32H). Prior to 2012 Cap 32 was called the Companies Ordinance, but when the Companies Ordinance (Cap 622) came into force in 2014, most of the provisions of Cap 32 were repealed except for the provisions relating to insolvency, which were retained and the statute was renamed to reflect its new principal focus.
Insolvency law of Russia
Insolvency law of Russia mainly includes Federal Law № 127-FZ "On Insolvency (Bankruptcy)" and Federal Law № 40-FZ "On Insolvency (Bankruptcy) of Credit Institutions". Federal Law № 127-FZ "On Insolvency (Bankruptcy)" dated 26 October 2002 (as amended) (the "Bankruptcy Act"), replacing the previous law in 1998, to better address the above problems and a broader failure of the action. Russian insolvency law is intended for a wide range of borrowers: individuals and companies of all sizes, with the exception of state-owned enterprises, government agencies, political parties and religious organizations. There are also special rules for insurance companies, professional participants of the securities market, agricultural organizations and other special laws for financial institutions and companies in the natural monopolies in the energy industry. Federal Law № 40-FZ "On Insolvency (Bankruptcy) of Credit Institutions" dated 25 February 1999 (as amended) (the "Insolvency Law of Credit Institutions") contains special provisions in relation to the opening of insolvency proceedings in relation to the credit company. Insolvency Provisions Act, credit organizations used in conjunction with the provisions of the Bankruptcy Act.
An insolvency auditor is an insolvency expert who looks after the interests of business owners and company directors as opposed to an Insolvency practitioner who has to look after the interests of the creditors by law.
Insolvency Regulation (EC) 1346/2000
The Insolvency Regulation is an EU Regulation concerning the rules of jurisdiction for opening insolvency proceedings in the European Union. It determines which member states' courts have jurisdiction.
Protection of Workers' Claims (Employer's Insolvency) Convention, 1992
Protection of Workers' Claims (Employer's Insolvency) Convention, 1992 is an International Labour Organization Convention.