Australia’s environmental not-for-profit Planet Ark goes into voluntary administration

Planet Ark Environmental Foundation, one of Australia’s largest environmental non-for-profits, has entered voluntary admission following a board review of the organisation’s “financial position and future viability”. What is voluntary administration? Have you also been pretending you know what voluntary administration actually means? Don’t worry. We asked an expert to explain in simple terms. The organisation’s…

Bankrupt council expects government debt relief

Woking Borough Council says the government has agreed to “aid the reduction” of its multi-billion pound debt. The bailout will initially cover the debt owed by the effectively bankrupt borough in 2026-27 but could be extended if needed, according to the Local Democracy Reporting Service. Council leader Ann-Marie Baker said: “It marks an important step towards…

Woking Borough Council expects government help with £2bn debt

Woking Borough Council says the government has agreed to “aid the reduction” of its multi-billion pound debt. The bailout will initially cover the debt owed by the effectively bankrupt borough in 2026-27 but could be extended if needed, according to the Local Democracy Reporting Service. Council leader Ann-Marie Baker said: “It marks an important step towards…