By Yun Park ( March 7, 2025, 6:57 PM EST) — A hearing for bankrupt trucking company KAL Freight to determine whether to convert the case to a Chapter 7 liquidation was pushed back to next week as the debtor tried to finalize a Chapter 11 asset sale…. Law360 is on it, so you are,…
Australians with student loan debt will benefit from “commonsense” changes to regulations to help them buy a home, Treasurer Jim Chalmers has announced. In a joint release with Housing Minister Clare O’Neil, Education Minister Jason Clare, and Assistant Treasurer Stephen Jones, Chalmers confirmed earlier reports that the government had spoken with regulators about updating their…
MORE than 17,100 people with a student debt in the Bendigo electorate and millions more around the country will have a further 20 per cent wiped from their amount owing, equating to an average of $5755 per student or graduate in Victoria. The changes apply to HELP, VET Student Loan, Australian Apprenticeship Support Loan and…
Farber Debt Solutions, in collaboration with The Local Collective, has launched a thought-provoking new campaign, “When You’re in Debt, Everything Looks Different.” The campaign highlights the unseen emotional burden of debt by transforming everyday objects—like remote controls, toasters, and light switches—into symbols of financial stress. Through striking visuals featuring tap-to-pay icons on common household items,…
In his latest executive action, President Donald Trump directed the Education Department to limit eligibility for the Public Service Loan Forgiveness program. The order, issued late Friday evening, would require the Education Department to go through a complex and lengthy process known as negotiated rule making, so the directive doesn’t change anything immediately. And Education…
The company behind the REDcycle plastic waste scheme has been declared insolvent, leaving supermarket giants Coles and Woolworths with mountains of plastic waste to deal with. The Australian Council of Recycling says the REDcycle failure is just the tip of the iceberg and that a whole of system approach is needed. Guest: Suzanne Toumbourou, CEO…
AN increase in bankruptcies among civil servants is anticipated following the recent enforcement actions by the Malaysian Anti-Corruption Commission (MACC) against a financial consultancy syndicate. Datuk M. Bakri Abd Majid, the director-general of the Malaysian Department of Insolvency, indicated that civil servants who have taken out “unusual” bank loans are likely to default once the…
SEMARANG, KOMPAS — The decision of going concern or business continuity is considered impossible to be carried out in resolving the bankruptcy process of Sri Rejeki Isman Tbk or Sritex group. As a result, more than 10,000 Sritex group employees were affected by termination of employment or PHK. The decision not to carry out a…
MERVYN KING fears he could lose his home and struggle to look after his three dogs after being declared bankrupt. The two-time Lakeside world championship finalist says he has owed “north of £500,000” to HMRC after falling into financial ruin by not paying his taxes. 5 Mervyn King was twice runner up in the BDO…
WASHINGTON (AP) — President Donald Trump is ordering changes to the Public Service Loan Forgiveness program that would disqualify workers of nonprofit groups deemed to have engaged in “improper” activities. An executive order signed Friday directs the Education Department to modify the program to deny loan relief to some borrowers. It would exclude loan forgiveness to people…