An online gambler who racked up almost £7,000 in debts is backing new gambling reforms from the Government. David Rixon, 22, started buying scratch cards aged 16 before turning to online casinos. His gambling became a problem when he was forced to take time off work after a mugging and motorbike accident. David spent his…
Sri Lanka debt relief US$8.4bn to August, banking system outflow $7.3bn EconomyNext Read the original article here
While there are many challenges that come with building a house, it probably can’t get much worse than hearing your builder has gone bankrupt and that work to your home has stopped, effective immediately. The so-called ‘profitless building boom’, triggered by the COVID pandemic, is still playing out in the Australia construction sector, seeing thousands…
IE CA 3 Holdings Ltd and IE CA 4 Holdings Ltd (Companies) were two Canadian registered companies whose directors were located outside of Canada. The Companies’ parent company, Iris Energy Limited (Iris), was listed on NASDAQ and had its registered office in Melbourne and principal place of business in Sydney, with three of its six…
President-elect Donald Trump is unlikely to continue many of Biden’s student-debt relief efforts. Borrowers are still waiting for a final court decision on the SAVE student-loan repayment plan. Even if the plan survives the courts, Trump and GOP lawmakers could take steps to rein in relief. During his two terms as president, Joe Biden has…
Higher employment costs as a result of the budget may push more British businesses into financial difficulty, according to the UK’s largest insolvency practitioner. Begbies Traynor said increased employment costs, as well as higher interest rates, would extend a period of “elevated insolvency levels”, in a statement to the stock market on Monday. The Labour…
Media release 1 December 2024 Business failures continue to propel personal insolvency chain reaction ‘Trumponomics’ could trigger further bankruptcies, says insolvency solutions firm Business-related personal insolvencies are on the rise, the latest quarterly figures from AFSA show. And geopolitical uncertainty – particularly ‘Trumponomics’ – could trigger greater numbers in 2025, warns insolvency and…
EXCERPT: Edun and Cardoso are championing initiatives to ease debt burdens and foster financial integration across Africa. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Saturday mobilised their counterparts from the African Union (AU) to work…
‘Broken promises’ as luxury home builder hits liquidation Waikato Times Read the original article here
Notably, he spent a decade as a partner at HWL Ebsworth, where he founded and led the Restructuring and Insolvency practice in Perth. He also has experience as a lawyer at Minter Ellison. “Ashurst’s reputation as a leading global firm with a strong record in the restructuring and insolvency space in Australia and the Asia…