End of a 50 year era as popular bakery goes into liquidation – Lancashire Evening Post
End of a 50 year era as popular bakery goes into liquidation Lancashire Evening Post Read the original article here
Warning HECS debt relief will only be temporary
Clare Megahey is one university graduate who has racked up a HECS-HELP of more than $50,000. When her university debt was slugged with a 7.1 per cent increase last year as part of indexation, it shot up by $3500 to almost $53,600. That year, she only paid $2400 off; meaning her debt was growing despite…
What does it mean when a council declares bankruptcy?
Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news that Middlesbrough council needs emergency financial help to avoid bankruptcy. Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue…
Rex Airlines enters voluntary administration – Australian Associated Press
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. A statement posted on Rex’s website on Tuesday said Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have entered voluntary administration. Ernst & Young Australia have been appointed administrators. The statement said…
MGM addresses claims Bruno Mars has $50 million debt with casino
Updated 10:49 20 Mar 2024 GMTPublished 09:29 19 Mar 2024 GMT The hospitality and entertainment company has come forward after an ‘insider’ claimed the ’24K Gold’ singer had incurred millions in debt. MGM has responded to accusations that Bruno Mars is in $50 million debt to it. The hospitality and entertainment company and the ‘Locked…
Katie Price flogging video messages after being declared bankrupt for second time
Katie Price has launched her latest money-making scheme after being declared bankrupt for a second time. The ex-glamour model is selling video messages to fans for a hefty price in a bid to make more cash. Katie, 45, announced she’s joined Cameo, a platform which enables fans to get in contact with their celebrity idols…
Sue Moore rejoins Dentons to lead its Restructuring & Insolvency team
Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
HECS relief but universities, students still waiting for answers as budget reality dampens promise of historic ‘accord’
In short: $1.1 billion will be spent over five years on initiatives such as HECS relief, addressing “poverty placement” and better access to courses. A “needs based” funding system has also been promised from January 2026, to boost the number of students from First Nations families. What’s next? The government will establish a new, beefed up regulator to…
TGIF 17 May 2024 – Not all third party payments are unfair
In a recent decision of the Supreme Court of New South Wales (In the matter of Pacific Plumbing Group Pty Limited (in liquidation) [2024] NSWSC 525), Justice Black determined that a payment made by a third party was not an unfair preference because the payment did not diminish assets available to creditors. Key Takeaways When identifying…
Alex Jones ordered to liquidate assets to help pay debt over false Sandy Hook shooting claims
In short: A US judge has ordered conspiracy theorist Alex Jones′s personal assets be liquidated in order to pay $US1.5 billion to the families of the Sandy Hook shooting victims. Jones had claimed the 2012 school shooting that killed 20 students and six teachers was a hoax, leading to victims’ families being harassed. What’s next?…