AFSA sharpens teeth as personal insolvency numbers rise – AccountantsDaily

The Australian Financial Security Authority (AFSA) will sharpen its regulatory posture to maximise its impact as personal insolvencies head back towards pre-pandemic levels, chief executive Tim Beresford says. He said a modernisation program was underway that would make it simpler for most bankrupts typically consumers involving small amounts to go through administration so AFSA could…

Coronation Street's Bill Roache, 92, avoids being declared bankrupt – Daily Mail

By Cameron Charters Published: 00:28 AEST, 11 June 2024 | Updated: 00:32 AEST, 11 June 2024 Coronation Street star William Roache today avoided being declared bankrupt over half a million pounds wanted by the taxman. The actor, who is best known for playing Ken Barlow, invested … Read the full article at: https://www.dailymail.co.uk/news/article-13513929/Coronation-Streets-Bill-Roache-92-avoids-declared-bankrupt-500-000-wanted-taxman-HMRC-dismisses-case-High-Court-hearing.html

Suspended board of Jaiprakash Associates moves NCLAT, challenges insolvency proceedings – The Economic Times

The suspended board of debt-riddenJaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order.Empower Your Corporate Journey…

Paytm To Layoff Employees Amidst Business Restructuring – NDTV Profit

Fintech giant One97 Communications Ltd, which owns the Paytm brand, has initiated undisclosed employee layoffs while simultaneously offering outplacement assistance for their smooth transition, according to a statement. During the March quarter, Paytm observed a reduction of approximately 3,500 sales employees, bringing the total count to 36,521 individuals, primarily due to the ramifications of the…

Retail redundancy enquiries doubling amid trading crisis – Ragtrader

Retailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line.  Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the…