Billson's bust: 50 jobs lost at company which made $120m last year – The Border Mail
Billson’s bust: 50 jobs lost at company which made $120m last year The Border Mail Read the original article here
Major Student-Loan Company ‘Improperly’ Rejecting Debt Relief: Dems
A group of Democratic lawmakers wants answers from a major student-loan company on its debt relief process for the borrowers it services. On Thursday, Sen. Elizabeth Warren and Rep. Madeleine Dean led 33 of their Democratic colleagues — including Sen. Bernie Sanders and Rep. Ayanna Pressley — in requesting more information from Navient on how…
Fisker Went Bankrupt. What Do Its EV Owners Do Next?
It was the last week in June, and José De Bardi hadn’t gotten much sleep. The trouble had really kicked off on June 18, about a week earlier, when the electric vehicle company Fisker announced it had filed for bankruptcy protection. Now some 6,400 Fisker owners like De Bardi wondered: What will happen to their…
Court winds-up Manchester firm offering unlicensed insolvency practitioner services
Save Consultants Ltd claimed to provide insolvency practitioner services when none of its current or former directors were licensed Its actions risked undermining the insolvency regime and the company’s directors refused to explain its trading practices to investigators The company has been closed down following investigations by the Insolvency Service, with the Official Receiver appointed…
Australian companies caught in insolvency storm
Data from the Australian Securities and Investments Commission (ASIC) revealed a record 11,049 corporate collapses in 2023–24: Persistent inflation, high interest rates, and the Australian Taxation Office pursuing tax debts were blamed for the 40% increase in corporate insolvencies in 2023–24. “The usual suspects of inflation, interest rates and sentiment are influencing insolvencies”, Ashurst restructuring…
As tax and superannuation debts grow, ATO issues tens of thousands of director penalty notices that could send more people bankrupt
A day after his 52nd birthday, Andrew Christodoulou got a nasty surprise in the mail. A letter from the Australian Taxation Office (ATO) in November last year read: “You have been issued with a director penalty notice for Superannuation Guarantee Charge amounts”. “A director’s penalty notice. I’ve never heard of one,” Mr Christodoulou tells ABC…
Best Debt Relief & Settlement Companies of August 2024 – Forbes Advisor
If you’re not sure about debt settlement, there are other ways you can handle your debt that might have less of an impact on your credit score. As you decide what to do about your debt, make sure you’re choosing an affordable solution. For example, don’t pay off your debt with a loan secured by…
India’s Go First wins more time to resolve insolvency
India’s specialist bankruptcy court, the National Company Law Tribunal (NCLT), has granted the administrator of Go First (Mumbai International) another 60 days to complete the carrier’s corporate insolvency resolution process. The court granted the extension, which now runs until June 3, during an April 8 hearing. Go First’s administrator, known locally as a resolution professional,…
Rex Airlines enters voluntary administration
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. Rex’s website showed no available flights between the capital cities from Wednesday, with passengers advised they could rebook with Virgin at no extra cost. All regional planes are still flying as scheduled, but no New England centre…