article thumbnail

What Is The Insolvency Act 1986?

Hudson Weir

During receivership, a creditor – such as a bank or another financial institution – appoints a person to ‘receive’ the company’s assets, liquidate them and recoup the debt. Some of the key considerations around business administration include who gets paid first and what happens to company staff.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 25, during an interview with Reuters at the G20 Finance Ministers and Central Bank Governors Meeting in Bengaluru, India, U.S. Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. For more information, click here.