In short: Perth builders Collier Homes was placed into liquidation earlier this week, after more than 60 years in operation. It is the latest in a series of building company collapses that have plagued the industry nationwide since the COVID pandemic. The WA government said it stood by its post-COVID stimulus packages that ‘turbo-charged’ the market.…
Australians with student debts are set to have hundreds of dollars added to their loans amid calls to change how increases are calculated. Some 2.95 million Australians have a Higher Education Loan Program (HELP) debt, such as , totalling more than $78 billion in outstanding debt, according to the most recent Australian Taxation Office (ATO)…
Nippon Electric Glass’ (NEG) site in Westerbroek, The Netherlands was declared bankrupt yesterday (Tuesday). It means around 275 employees are at risk of losing their jobs as well as 50 temporary workers. District Curator Jeroen Reiziger said its Japanese owner had decided it could no longer afford to keep absorbing losses of up to €1…
The Kirribilli Club in Sydney’s north shore has entered voluntary administration. The club appointed Hugh Armenis of SV Partners administrator on June 19. After an initial period of trading to “assess the status” of the club, it ceased trading on June 24. The ex-services club, with over 18,000 members, was founded in 1946, and boasts…
OWENSBORO, Ky. — Since sports betting became legal in Kentucky, there has been a significant increase in people calling into the gambling addiction hotline. What You Need To Know October had the largest volume of calls Kentucky’s gambling hotline has ever received Dr. RonSonlyn Clark, President of the Kentucky Council on Problem Gambling, says in…
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Katie Price has been declared bankrupt for a second time over an unpaid tax bill worth more than £750,000. The former glamour model, who was previously declared bankrupt in 2019, owes £761,994.05 to…
Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. The UK government is updating water company insolvency laws as fears grow over the financial health of the privatised monopolies — including the country’s largest, Thames Water. The Department for Environment, Food and Rural Affairs last…
When it comes to helping Americans manage rising health care costs, one increasingly popular policy stands out for both its simplicity and potential payoff: Buy up vast amounts of medical debt for pennies on the dollar and cancel it, thereby giving struggling families a break from one major stressor. Over the last two years, 15…
He said more than two-thirds of the ATO’s $50 billion in collectable debt was owed by small firms. “During the pandemic, we took a different audit posture with individuals and small businesses, chased fewer lodgements and recovered less debt,” Hirshchorn said. “While we resumed stronger action in late 2021, we have observed a behavioural shift…
‘Lost half a million’: Company behind footwear brand collapses Sunshine Coast Daily Read the original article here