“Authorities have remained steadfast in their commitment to economic reforms, meeting all structural benchmarks for the first review,” the press release said. Domestic revenues for the financial year until June were US$99 million against a target of US$ 109 million, the Fund said, but it was willing to waive that because Somalia had been hit…
St Andrews Motorhomes Limited was incorporated in June 1993 to buy and sell motorhomes in Central Scotland. Christine Helen Galloway (65), from Cupar, Fife, was a director of the company since its incorporation. The company, however, began to struggle and ceased trading in July 2018, before entering into compulsory liquidation. St Andrews Motorhomes insolvency brought…
Every year, thousands of Australians are targeted by scams, whether it be online, via phone, mail or even in person. Australian Community Media has compiled a list of current scams identified on sites such as scamwatch.gov.au and the Australian Competition and Consumer Commission’s website dedicated to informing people about fraudulent and dishonest activities: Have you…
STA Travel has been placed into liquidation following a meeting of creditors today. The travel agency, which follows in the collapse of its Swiss parent company, was placed into voluntary administration on August 21. Trading under three separate entities in Australia, STA Travel Pty. Ltd and IEP Pty Limited were today placed into liquidation. READ…
Photo taken in Athens, Greece getty It is hard to overestimate what a dismal fiscal future the Congressional Budget Office foresees. In its new long-term budget estimate, CBO projects that in just 30 years, the national debt will rise to nearly twice the USs total economic output, from less than 80 percent last year. As…
The federal government has been called to release further details of its proposal to overhaul insolvency laws, as the profession cautiously welcomes the reform plans. On Thursday, the government announced plans to reform the insolvency regime, effectively allowing businesses with liabilities of less than $1 million will be allowed to continue trading while they develop…
By Wayne Robinson | 25 September 2020 The Sunshine Coast printing operation trading as Express Print & Mail took a five-year lease on its new 1400sqm Kunda Park premises on 1 April, before the company that had previously owned the business and the same name, was put into liquidation with debts listed at $4m. New…
Tens of thousands of businesses could collapse by mid next year as changes to insolvency laws kick in and economic stimulus measures such as JobKeeper come to an end, insolvency experts say. Key points: The proposed changes to insolvency laws could help identify companies that should have never survived but have because of COVID-19 stimulus…
The proposed changes will allow businesses to keep trading while they develop a debt restructuring plan. Photo: Supplied. Federal Treasurer Josh Frydenberg has announced plans to overhaul insolvency rules in an effort to help small businesses that are struggling because of the coronavirus pandemic. The changes will apply to businesses with liabilities of less than…