Under the overhaul, a student who fails half of their first eight subjects in a degree will lose access to a government-subsidised place and HELP loans. However, higher education providers will have discretion to maintain the students’ access to funding if they can demonstrate their performance was affected by exceptional circumstances. The Department of Education,…
Virgin Atlantics rescue deal is something of a watershed in how companies can escape insolvency. The deal, which will involve Richard Branson and US hedge fund Davidson Kempner Capital Management injecting US$1.6 billion (1.2 billion) into the airline, uses the new restructuring plans made possible by the UK Corporate Insolvency and Governance Act 2020. While…
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’…
BELGRADE (Serbia), August 12(SeeNews) – The board of directors of Serbia’sJugoremedija has received three bids for the purchase of the insolvent pharmaceutical company’s assets, local media reported on Wednesday. The bids were placed by Czech Republic-based APS Capital Group’s subsidiary Project One, Turkey’s Birgim, and an unnamed Belgrade-based company,Tanjug news agency quoted the bankruptcy administrator…
ASX-listed 3D metal printing technology player, Aurora Labs, has now confirmed the appointment of Peter Snowsill as the companys new Chief Executive Officer after he served five months as the Acting CEO. Snowsill, who has more than 25 years of tech-based executive, engineering and project management experience, took the reins during a period of restructuring…
About 6000 Spotless staff, mostly casuals who worked for the group’s hospitality businesses which includes catering at the Melbourne Cricket Ground were stood down when the pandemic closed venues. Grant Fenn was paid $3 million in fiscal 2020, down from $4.7 million a year earlier. Louise Kennerley Downer will proceed to buying out the remainder…
I need some advice about my personal finance situation. I work for a company in Dubai, which has not paid my monthly salary of Dh14,000 since January. They put me on unpaid leave from April 2020 and there is no sign of going back to work in the near future. I have six credit cards…
US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic recession continues to slam businesses, according to a Monday report from S&P Global. This year, 424 companies have gone bankrupt through August 9, surpassing the number of filings during any period since 2010, according to the report. Consumer-focused companies such as…
August 11, 2020 20:39 ET | Source: Pharmagreen Biotech Inc. CARSON CITY, NV, Aug. 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pharmagreen Biotech, Inc. (OTC: PHBI), a company specializing in the development of highest quality tissue cultured starter plantlets for the cannabis and hemp industry, announced today that the Company has voluntarily filed for…
Queensland’s rural debt has increased by 10.75 per cent in the past two years, which the opposition says is a stark reminder that the state’s producers are doing it tough and need more help. However, a mayor in one of the regions carrying a large percentage of the state’s debt said the QRIDA 2019 Rural…