Rex Airlines enters voluntary administration – The Northern Daily Leader
Rex Airlines enters voluntary administration The Northern Daily Leader Read the original article here
The local financial coach who’s helping clients tackle $50,000 in debt
A recent survey revealed that 49% of Americans can’t cover a $1,000 emergency, putting them at risk when unexpected expenses arise.1 When Alex Marukos realized that many people were facing financial challenges, he decided to do something about it. That’s why he started Moneyskope, a Conshohocken-based financial coaching service aimed at empowering individuals to take…
Amsterdam’s The Next Closet declared bankrupt: Know more
Amsterdam-based The Next Closet, a peer-to-peer marketplace for secondhand designer clothes and accessories has been declared bankrupt by the Amsterdam court. It is still being determined why bankruptcy was filed by the company. “The resale market in the fashion industry is currently very competitive, so profit margins have become very thin. That is the main…
Risky business: why builders are leading insolvency numbers – The Canberra Times
Risky business: why builders are leading insolvency numbers The Canberra Times Read the original article here
Intermediate-aged boy’s $16k online gambling debt
By Bella Craig of RNZ Children as young as 11 are racking up thousands of dollars in debt because of online gambling, according to a support service. The head of Mapu Maia said it had had an increase in school counsellors and social workers reaching out with concerns of problem online gambling among secondary school…
Construction industry reeling as insolvencies soar even higher – building and construction news
More Australian companies are failing and the construction industry is faring the worst of all. During the nine-month period from 1 July 2023 to 31 March 2024, more than 7,700 companies entered external administration, a 36.2 per cent increase on the previous corresponding nine-month period ending 31 March 2023. According to the Australian Securities and…
TGIF 12 July 2024 — Prospective judgment creditor successful in having Deed of Company Arrangement terminated
In In the matter of Academy Construction & Development Pty Ltd (subject to Deed of Company Arrangement) [2024] NSWSC 808, the New South Wales Supreme Court had to determine whether to terminate a Deed of Company Arrangement (DOCA) on the basis that it was oppressive, unfairly prejudicial or discriminatory. Key Takeaways While a Deed of Company…
HECS-HELP $3 billion budget relief welcomed but debtors hope for further action
In short: Debtors are calling for further HECS relief in next week’s budget in addition to the $3 billion wiped from student loans. Greens deputy leader Senator Mehreen Faruqi is calling for indexation to be scrapped altogether What’s next? The government will need to legislate its HECS changes after the budget but the Greens have suggested they…
Here are 7 of the well-known companies that went bankrupt in 2023
New York CNN — It’s been a rough year for some household-name US retailers and businesses. As the economy emerged out of the Covid-19 pandemic, companies faced a laundry list of problems arising from high costs, supply shortages and growing competition. As a result, several big names filed for bankruptcy in 2023. A bankruptcy doesn’t…
Rex enters voluntary administration, grounds 737s – The Northern Daily Leader
Rex enters voluntary administration, grounds 737s The Northern Daily Leader Read the original article here