On 1 June last year, indexation was applied on my then HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HELP account. This year, student debts are due to rise by 4.8 per cent, the second highest indexation rate in a decade. HELP indeed! I am…
Modco co-founder’s entity in liquidation Business News Read the original article here
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
Beijing — Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified “alleged offenses,” adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent Wednesday with…
Bandai Namco Online declares bankruptcy Softonic EN Read the original article here
A bank in Sac City was declared insolvent and closed at the end of last week. According to a press release by the Iowa Division of Banking, Citizens Bank in Sac City was closed on Friday. It’s the first bank closure in Iowa in 12 years. The bank was declared insolvent after bank examiners identified…
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Looking into the crystal ball at the start of the year to forecast future trends isn’t possible, but one common theme that we expect will continue to impact upon both directors and officers and insolvency practitioners (IP) is the increasing rise of corporate insolvencies. The Insolvency Service recently published its monthly report for insolvencies…
Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People Myanmar. Photo by Anna Claire Schellenberg via Unsplash. By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in…
The claim The Coalition has accused the government of laying waste to the manufacturing industry, citing an increase in the number of company insolvencies on Labor’s watch. In a January 16 opinion piece published in The Australian, Deputy Opposition Leader Sussan Ley blamed Prime Minister Anthony Albanese’s “lack of an economic plan, failed industrial policies and distracted…