You are here: Home For business Small business Closing a small business Even after a company has stopped trading as a business, it will still be registered with ASIC. To save both time and money, you might decide to formally close your business. There…
The plan would cut monthly college undergraduate loan payments from 10 per cent to 5 per cent of a borrower’s discretionary income, which would save the typical borrower around $1,000 a year, according to the White House. Other benefits of the plan include a pause on payments by borrowers making less than $32,000 per year…
There are a variety of ways that someone with out-of-control debts can deal with the situation by going insolvent. Bankruptcy is only one of those options, yet it is the most recognised. The threat of losing your home, the public admission of money troubles, and that trip to court have all created the stigma that…
Collins Realty declared insolvent, employees owed over $200k Warwick Daily News Read the original article here
Bentleys’ Tracey Knight. Liquidator Jim Downey Craig Walton, a key figure in one of the most controversial corporate restructures of recent times, has declared bankruptcy a week before the commencement of a trial brought by liquidators chasing the 63 year old for a $1.65 million debt. A search of the National Personal Insolvency Index reveals…
CargoLogic Germany declared insolvent Air Cargo News Read the original article here
Getty Images Cryptocurrency lender Genesis has filed for bankruptcy. The firm had recently been charged by US regulators Securities and Exchange Commission (SEC) with illegally selling crypto. It is part of the Digital Currency Group (DCG), a conglomerate of more than 200 crypto-focused businesses. The insolvency of Genesis is linked to the bankruptcy of FTX,…
The Liverpool City Region Combined Authority is reviewing potential manufacturers for its gliders The Glider Future Rapid Transit system on display at Anfield(Image: Andrew Teebay Liverpool Echo) The company behind the ‘glider’ tested in Liverpool last week went bankrupt earlier this year, meaning the vehicles which will actually be used on the city’s roads are…
Victims of economic abuse will soon find it easier to manage their debts, as 25 banks and building societies have committed to using a newly introduced document designed to simplify the process, as reported by The Guardian. The Economic Abuse Evidence Form (EAEF) allows money and debt advisers, trained by specialist charities such as Money…
Recycling scheme REDcycle has been ordered to be wound up by the New South Wales Supreme Court after failing to pay storage fees for thousands of tonnes of plastics secretly stockpiled around Australia. The company behind Woolworths and Coles’ soft plastics recycling program has been declared insolvent and a liquidator has been appointed to take…