The Australian Taxation Office (ATO) will soon be forced to pay a new tax just to help collect around $50 billion in outstanding tax money owed to the government in the form of post-COVID tax debts, as well as regular receivables, where commercial recovery agents are used to expedite collection. Yep, you read that right.…
How medical debt affects communities Karida Giddings, the healthcare program coordinator for the North Carolina Black Alliance, said medical debt is intertwined with issues including housing disparities and food insecurity. In a meeting, Giddings said she heard about a North Carolina resident who lost partial equity of his house to settle over $20,000 in medical debt…
Aanya Parusomula Limited, the franchisee of Subway in Waipukurau, has been placed in liquidation. Photo / Michaela Gower The franchisee that ran Waipukurau Subway has been placed into liquidation, with the eatery closed until further notice. The company, Aanya Parusomula Limited, was placed in liquidation on the application of Inland Revenue Christchurch at Auckland High…
New Delhi: The Bengaluru bench of the National Company Law Tribunal (NCLT) Tuesday accepted the Board of Control for Cricket in India’s (BCCI) application to initiate corporate insolvency proceedings against Think & Learn Private Ltd, the parent company of ed-tech firm Byju’s. The BCCI, responsible for managing professional cricket in the country, filed an insolvency…
Restaurants and cafés across the UK are going insolvent at a pace not seen for more than a decade. A total of 3,347 eateries have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service. During the first three months of 2023, an average…
Those with HECS-HELP debt, and other higher education training loans, will have a 4.7 per cent indexation applied on June 1 but a credit will be applied back to loans once legislation passes later this year. It means someone with the average Australian student debt of $26,494 will owe an extra $1245 or more on…
Australia’s first commercial plant protein manufacturer, Proform Foods, has gone into voluntary administration. Gayle Dickerson and James Dampney from KPMG Australia have been appointed administrators. The appointment of administrators covers Proform Food Group, Proform Innovation, Proform Gourmet, and Proform Foods. The company manufactures plant-based protein products under the MEET, Protein Plate, and Bad Hunter brands.…
Two former directors, turnaround specialists and an opportunistic crypto investor. Welcome to the eclectic bidder fray for embattled airline Regional Express, better known as Rex. Street Talk understands a fleet of parties has lobbed indicative offers for Rex three weeks after the airline was plunged into voluntary administration, fanning the debate about whether Australia can…
Ex-Premier League star avoids jail after bankruptcy – ‘I let my family down’ The Mirror Read the original article here
TEMPE, Ariz. — This is the time we’re supposed to be counting down the days – even the hours – to the pageantry and thrill of Opening Day. It’s the time we overreact to everything that transpires in the season openers, assuming trends will carry over for the next six months. You win you’re a World…