Last week I scored a trifecta, managing to upset people in three ways. First, for my supposed “anti-immigration stance”, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
Crippling interest rates and sky-high prices of everyday items, from a bag of concrete to a cup of coffee, are behind record business insolvencies in Australia, research shows. The collapsing outlook for business, especially small companies, has been highlighted in CreditorWatch’s business risk index. In the year to May, insolvencies reached a record high of…
Dozens of Australian families have been affected by the sudden collapse of yet another space camp tour company, leaving parents up to $13,000 out of pocket. This time, students from Melbourne’s Korowa Anglican Girls’ School have been impacted by the collapse of space camp provider Actura Australia going into liquidation* on June 14. The 16…
DWS, the German-based asset manager with nearly $1 trillion assets-under-management, has hired Jay DeWaltoff to lead the firm’s U.S. real estate debt platform and help grow the company’s global private credit business. DeWaltoff comes from J.P. Morgan Asset Management, where he headed its commercial mortgage loan group over 11 years and specialized in raising capital,…
In a relief to homebuyers who had been given possession of their homes but were left in a lurch after the builder’s company was declared insolvent, the Insolvency and Bankruptcy Board of India, in its latest amendment, has said that assets in a real estate project that have been handed over to the allottees would…
Rex Airlines enters voluntary administration Southern Highland News Read the original article here
Dear Amy: I just learned that my wife’s spending is out of control. Several years ago, she got into financial trouble with a credit card debt of around $6,000. She told me about it and I bailed her out. Last week, she said it had happened again. I took a look at her credit card…
In a shocking turn of events that has left Britain’s third-most decorated Olympian “embarrassed”, Sir Bradley Wiggins, who was declared bankrupt last week, has been forced to sleep on the couches of friends and families and is basically homeless, after his lawyer revealed that he “has lost lost absolutely everything” and “doesn’t have a penny”. News…
About the Organisation: The Centre for Advanced Research on Corporate and Insolvency Laws (CARCIL) is a Centre of Excellence to facilitate the highest standards of research in Corporate Law, Governance, Insolvency, and Allied Laws in India. The Centre aims to provide a platform to carry out research projects, organise academic workshops, lectures, and conferences, conduct…
A record number of Debt Relief Orders (DROs) were taken out in April, as the £90 fee for the insolvency option was scrapped. DROs are available to those on low incomes and clear existing debt on everything from council tax to energy bills and rent. Some 3,436 DROs were taken out in April – the…