The claim Both the Coalition and Labor have in the past argued that paying off Commonwealth debt is a benchmark of economic success in Australian politics. But Treasurer Josh Frydenberg recently warned Australians that his July budget update was going to contain “eye watering numbers around debt and deficit”, saying: “The coronavirus has required the…
University students who flunk half of their first-year courses could lose financial support under a federal government proposal to curb soaring HELP debts. The government has its sight set on students who amass debts by over-enrolling in subjects, sometimes at multiple institutions. Universities will have to make greater efforts to assess academic suitability for selected…
If youve ever gambled, its a near certainty that youve suffered plenty of crushing losses. A dramatic last second layup that leaves you one-point shy of covering, that garbage time touchdown that pushes it from the under to the over, the dealer somehow getting a blackjack on your biggest handthe list goes on. If you…
Jason Kilar Jason Kilar.WarnerMedia Kilar already had the power, but the restructuring was his first major display of it after taking the CEO job in May. His move to simplify the legacy studio’s sprawling media empire undid some key appointments by his predecessor and current boss, John Stankey, who runs AT&T. For instance, Kilar dismissed…
Wednesday, August 12, 2020 A comparison of the new Dutch Scheme and the new UK Restructuring Plan. Introduction The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdoms restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate…
Summary There are specific industries which have been significantly hit by the crisis, such as the aviation industry, the travel, tourism and leisure and the hospitality sector British Airways will be undertaking restructuring plans to survive the crisis The company has entered into an agreement with unions which covers engineers and Heathrow staff, but not…
From building credit histories to being a lifesaver in emergencies, a credit card can be used for a number of reasons. And in some circumstances, having more than one can provide spending flexibility and freedom. But is owning multiple credit cards a recipe for financial disaster or a clever way to get more bang for…
MORE than two-fifths of debt experts questioned by insolvency and restructuring trade body R3 believe that personal insolvency numbers will increase significantly in the next 12 months. Over eight in ten respondents to an R3 survey of its members who work in personal insolvency said they expected the numbers of cases to increase within the…
A former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…
Financial crimes arent the only negative effects of problem gambling. It shatters relationships and destroys families. Time and money spent gambling can wreck a marriage or lead to child neglect. The financial pressure of gambling losses can also motivate domestic violence or child abuse. Additionally, the stress of gambling debt may trigger anxiety, depression, and…