After nearly a year suspended, Land & Homes Group enters administration – MSN
After nearly a year suspended, Land & Homes Group enters administration MSN Read the original article here
Bankrupt Canadian Bus Co. Seeks US Recognition For Sale
By Rick Archer · November 26, 2024, 5:22 PM EST A Canadian charter bus company that provides buses for Los Angeles airports is asking a California bankruptcy judge to grant U.S. recognition to its efforts to sell the company in a… To view the full article, register now. Read the original article here
SpiceJet Insolvency Claims: Are Creditors Leveraging the IBC Forum for Settlements?
On 19 November, judicial member Mahendra Khandelwal of the Delhi bench of the NCLT (National Company Law Tribunal) pulled up Engine Lease Finance B.V., the engine lessor of budget airline SpiceJet, for keeping a settlement pending in the IBC forum to leverage settlements with the airline. “Both the Ld. Counsels submitted that the parties are…
KTM And MV Agusta owner Pierer Is On The Brink Of Bankruptcy
TOPSHOT – Australian biker Toby Price powers his KTM during the 2018 Dakar Rally Stage 5 between San … [+] Juan De Marcona and Arequipa in Peru, on January 10, 2018. / AFP PHOTO / Franck FIFE (Photo credit should read FRANCK FIFE/AFP via Getty Images) AFP via Getty Images In the early 1990s, Austria-based…
2023 insolvency statistics – Crowe
2023 insolvency statistics Crowe Read the original article here
Business insolvencies ‘much higher’ than in GFC
By Susan Edmunds of RNZ Business insolvencies are running at more than double the rate of last year, and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were…
Struggling with student loans? Labor plans to reduce HECS debts, but there’s a catch
Key Points The government has announced plans to eliminate $16 billion worth of student debt. Students with tertiary education debt would have 20 per cent of their loan debt wiped. The prime minister said the next election is about the next generation. The Albanese government is promising to cut tertiary student and apprentice debts if…
Debt swaps to rejuvenate local governments
CAI MENG/CHINA DAILY On Nov 8, the Standing Committee of the National People”s Congress approved an increase of 6 trillion yuan ($828 billion) in the local government special bond ceiling to replace outstanding hidden debt — or liabilities of local governments that are not officially recorded. The increase is designated for swapping outstanding implicit debts,…
Laws to cut $3 billion from university debts pass Senate
New laws that will wipe hundreds of dollars from the university debts of millions of Australians have passed the Senate. The legislation will change how annual indexation charges on HECS-HELP debts are calculated. Currently, it’s based on the Consumer Price Index, which caused loans to surge by 7.1 per cent last year. New laws that…
How Much Will You Get Back?
After months of anticipation, the Federal Government’s changes to the HECS indexation rules have finally become law, passing through Parliament on Tuesday night. Under the new legislation, the annual indexation of student loans will be capped at the lower of either inflation or wage growth. This change, which takes effect retroactively from June 2023, will…