Learn what prepetition liabilities are, how they impact bankruptcy proceedings, and what limitations they have. Discover key considerations for businesses and creditors.

Excelsoft Technologies Limited ( ($IN:EXCELSOFT) ) has shared an announcement. Excelsoft Technologies Limited has withdrawn an unconditional and ...

Learn about air cargo insurance, its coverage options, costs, and how it protects businesses against loss or damage during ...

The increase in subrogation claims against cybersecurity vendors underscores the importance of clear and effective vendor ...

The policy-based grant supports reforms aimed at enhancing domestic resource mobilization, improving public expenditure ...

A lot of rhetoric has been expended on the national debt and how fast it is rising. It's true that it has increased though in comparison to the annual Gross Domestic Product it has decreased and is ...

Proxy advisory firm Ingovern has cautioned the investors of LG Electronics India (LGEI), raising concerns over the contingent liabilities aggregating Rs 4,717 crore, which includes disputed tax claims ...

Accruing a likely contingent liability is part of responsible earnings management. Although you aren't likely to find the term "earnings management" in an accounting dictionary, the American Institute ...

Operating businesses in various industries often receive advance payments for goods or services that will be provided in the future, and the presence of deferred or unearned revenue in a balance sheet ...

When a disaster occurs, a country's financial obligations are triggered to repair the damage that has occurred. These obligations are called contingent liabilities. To understand more about the ...