Breakfast Seminar | Event | Canberra This event will be held on Thursday, 14 March 2024. We are delighted to extend a special invitation to you for our upcoming seminar Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions focused on providing a comprehensive update on the insolvency market, small business restructuring, and addressing critical…
In a move that threatens to set a precedent across the tertiary education industry, Western Sydney University (WSU) has launched a wholesale restructuring and destruction of scores of jobs at WSU College, the universitys wholly owned feeder college. Western Sydney University [Photo: eminentedu.com] The educators and professional staff at WSU College face the elimination of…
Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…
With businesses collapsing at levels not seen since 2012, Grant Thornton Australias John McInerney suggested that the small business restructuring scheme could be a more favourable option than a payment plan. He made the comments ahead of his session at the ACE24 Accounting Conference and Expo 2024, where he will unpack how accountants can help…
There are smart moves you can make with your debt this June, but there are also a few moves that you should avoid. Getty Images June is upon us and soon, summer will be in full swing. However, if you have debt that you’re having a difficult time dealing with, you likely have other things…
Credit: Rome Reports The Pontifical Academy of Social Sciences gathered top academic experts, economic leaders and religious leaders on 5 June to address the concerning debt crisis in the global south. Those gathered for this event had an audience with Pope Francis, where he spoke of the consequences of mismanaged globalisation. In order to try…
Annie Guest: One indicator of how the economy is tracking can be seen in calls to the National Debt Helpline. It’s just had a month of a record number of calls, many from small business owners. And there’s concern shame and a lack of trust stops many indebted Australians asking their banks for help. Jon…
The National Company Law Tribunal (NCLT) in Mumbai has admitted the State Bank of Indias application to initiate personal insolvency resolution proceedings against Rajkumar Nandlal Dhoot, promoter & co-owner of the diversified Videocon Group, for a Rs 5,353-crore default by the groups flagship company Videocon Industries Ltd. Dhoot was a personal guarantor against these loans.The…
Personal insolvencies are spiking as the cost-of-living crisis continues to bite and business failures trigger a ripple effect and theres more to come, says insolvency and business turnaround specialist Jirsch Sutherland. The comments come off the back of the March quarter 2024 new personal insolvencies statistics from AFSA, which reveals an increase of almost 20%…
The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in Melbourne, collapsed into liquidation last month with debts of at least $13 million. All the companys staff had been stood down by the…