Although President Joe Biden has supported canceling $10,000 in student debt for individuals, some lawmakers are pushing him to go higher and forgive $50,000. But Biden and other influential figures argue that former Ivy League students and Wall Street financiers would be the main beneficiaries. At a CNN town hall last week, Biden said that…
The key aspects of this new law are: Available for companies with liabilities under $A1 million. A moratorium from creditor actions (including personal guarantees) will occur following a resolution of the board/directors to appoint a Small Business Restructuring Practitioner (SBRP) to assist with the collation of a plan. Directors remain in control while they collate…
PARIS–(BUSINESS WIRE)–Regulatory News: Europcar Mobility Group2 (Paris:EUCAR) announces today the finalization of its balance sheet restructuring, thanks to the successful completion of the final steps of the accelerated financial safeguard plan approved by the Paris Commercial Court on February 3rd, 2021. This will enable the Group to accelerate the implementation of Connect, its strategic roadmap,…
When Nick Molnar and Anthony Eisen co-founded Afterpay more than five years ago, no one could have expected that the company’s market valuation would be nearing $40 billion today. Thanks to a growing global base of millennials and Gen Z customers who keep ditching their credit cards in favour of the buy now, pay later…
The boss of a signage and display printer has received a lengthy ban of 10 years after a six-figure false invoicing scandal. The Insolvency Service has handed the 10 year ban to Russell Ivan Murch, who was managing director at Pure Point of Sale Limited, based in Lutterworth. The case dates back to the spring…
When Carriageworks went into voluntary administration during the Covid-19 downturn last year, many artists lost work and Sydneysiders were robbed of one of their best venues. The rescue was protracted and involved both public and private funds. The New South Wales governments Covid-19 rescue packages for artists were famously far smaller, and came far later,…
Video gambling license and terminal fees located in unincorporated areas of the county temporarily would be cut in half as part of a coronavirus relief package for businesses the Cook County Board approved Thursday. For the rest of the year, applications for video gambling licenses will cost $250 instead of $500, while the per terminal…
Member Article Commenting on the official Insolvency Service figures for January showing a 39.1% month-on-month fall in the number of UK corporate insolvencies, Alexandra Withers, North East chair of insolvency and restructuring trade body R3, said: Januarys fall in corporate insolvency numbers dont reflect the fact that the economic fallout from the pandemic is continuing…
Chief executive Tim Ford said on Friday that restructuring in China had followed the provisional tariffs imposed by the government in Beijing. The introduction of provisional measures imposed on Australian wines by the Chinese government as part of its investigations, which remain ongoing, have required TWE to adjust our operating model in China, he said.…
Jirsch Sutherland In just 30 days, JobKeeper comes to an end. And national, independent business turnaround and insolvency firm Jirsch Sutherland is urging struggling businesses to act now and seek help while theres still time. JobKeeper has been a godsend for many businesses and while many no longer need the support, there are still countless…