Nancy Pelosi and Chuck Schumer discuss the Heroes Act in the Capitol Visitor Center on November 12 CQ-Roll Call, Inc via Getty Images In November, President-elect Joe Biden endorsed legislation that would make monthly payments to distressed borrowers with private student loan debt, and he previously expressed support for up to $10,000 in forgiveness for…
Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days December 332 2017 January 336 2017 February 292 2017 March 304 2017 April 263 2017 May 281 2017 June 300 2017 July 266…
ASIC has commenced civil penalty proceedings in the Federal Court against Union Standard International Group Pty Ltd (Union Standard) (in liquidation) (trading as usgfx) and its former corporate authorised representatives, Maxi EFX Global AU Pty Ltd (trading as EuropeFX) and BrightAU Capital Pty Ltd (trading as TradeFred) (in liquidation). ASIC alleges Union Standard provided financial…
Voluntary liquidation by members Voluntary liquidation by creditors When is voluntary liquidation triggered? Comment Chapter 113(III) of the Companies Law is the main legal framework which regulates the voluntary liquidation procedure in Cyprus. There are two ways in which voluntary liquidation can be triggered: by members or creditors. Voluntary liquidation by members Voluntary liquidation by…
Hrdlicka moved to Australia in 1994 following stints at other US corporates and rejoined Bain’s local consulting arm in 1997. Her first client? A young Ansett executive named Alan Joyce. The pair’s professional relationship continued when Joyce moved to Qantas, and Joyce eventually hired Hrdlicka in 2010 as the Flying Kangaroo’s Group Executive of Strategy…
Chinese private shipyard Taizhou Kouan Shipbuilding has emerged from bankruptcy after new investors took control of the yard. The yard entered into a court-led restructuring after it was declared bankrupt by a local court in August due to a financial crisis. Two local companies, Taizhou Changqin Ship Engineering and Taizhou Changyue Enterprise Management, have taken…
The federal government has passed legislation to simplify the liquidation and winding up processes for small businesses. The parliament passed reforms to the Corporations Act 2001 and the Bankruptcy Act 1966 to establish a debt restructuring process for eligible small businesses and provide temporary relief for those seeking to enter the process, as well as…
Hrdlicka moved to Australia in 1994 following stints at other US corporates and rejoined Bain’s local consulting arm in 1997. Her first client? A young Ansett executive named Alan Joyce. The pair’s professional relationship continued when Joyce moved to Qantas, and Joyce eventually hired Hrdlicka in 2010 as the Flying Kangaroo’s Group Executive of Strategy…