From casinos to video gaming machines to sports betting apps on cell phones, access to gambling has expanded significantly in recent years. While that has led to increased tax revenue across Illinois, it’s also accompanied by a growing problem: gambling addiction. Bill Johnson of Bartonville is approaching 50 years in continuous recovery from various addictions.…
The weak yen and higher costs as well as the end of the financial assistance during COVID-19 pandemic are blamed for the high number of corporate bankruptcies in Japan, which rose by 42.9 percent year on year to 1,009 in May. The number surpassed 1,000 for the first time for a month in more than…
The ATO is “hell bent” on chasing down $34 billion worth of debts owed by small businesses using director penalty notices (DPNs) and legal action, insolvency professionals say. Insolvency Australia (IA) members said that recent activity showed the ATO was not only coming good on its promise to end its pandemic-era leniency but that it…
A request has been made to the Commonwealth government urging the implementation of an initiative aimed at reducing Higher Education Contribution Scheme (HECS) debt for legal practitioners who move to rural, regional, and remote areas. This initiative aims to motivate legal professionals to offer their knowledge and legal skills to marginalised communities, with the goal…
Regulator intervention and government stimulus packages in response to market shocks often mask underlying systemic distress and disrupt economic cycles. With companies now largely weaned off COVID-19 support packages, insolvencies have significantly increased. In May 2024, a further 992 companies entered external administration (or had a controller appointed), totalling 9735 this financial year; a ~14.5%…
GigSuper goes into liquidation Financial Standard Read the original article here
MONTVILLE, CT — A former Hollywood mogul is into the house for over $2.7 million, and the house wants him to pay up. That’s the gist of a complaint filed by the Mohegan Tribal Gaming Authority in New London Superior Court against Ron Meyer, who helmed Universal Studios for 18 years. According to the paperwork…
Unpaid wages, debts: Cooling company goes under owing $1.3m Bundaberg News Mail Read the original article here
Popular drinks company Billson’s collapses The Northern Daily Leader Read the original article here
Brett McGrath, President of the Law Society of NSW, has renewed calls for a debt relief scheme to incentivise lawyers to practice in rural, regional, and remote (RRR) areas. During a visit to Lismore, which experienced a significant exodus of lawyers following the devastating floods in 2022, McGrath highlighted the urgent need for legal services…