No Cookies | Daily Telegraph

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Cut to student debt set to help economy

By Rowan Holzberger MOST Australians instinctively understand the value of a good education.  A trade certificate, a TAFE diploma, a university degree. It’s the ticket to a better life. But with cost-of-living pressures and student debts piling up, that ticket has started to feel more like a millstone than a launchpad. That’s why the Albanese…

No Cookies | Herald Sun

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Judges, lawyers push insolvency reforms at BRIPAN conference

Judges, lawyers, and business recovery experts have called for urgent reforms to Nigeria’s insolvency framework, stressing that effective restructuring mechanisms were critical to rescuing distressed businesses and safeguarding jobs, Anne Agbi reports. Nigeria’s insolvency ecosystem must evolve beyond liquidation and punitive approaches if businesses are to survive the country’s turbulent economy, judges, lawyers, and business…

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A Review of Cancellation-of-Indebtedness Income Timing and the Variance Doctrine — Current Federal Tax Developments

When advising clients on complex debt relief transactions, it is crucial to understand not only the substantive law governing the timing of income recognition but also the procedural prerequisites for challenging IRS determinations. The recent Summary Order issued by the United States Court of Appeals for the Second Circuit in Romeo Salta, Jr., Phyllis Polega…

Black Pineapple’s cocktail catering subsidiary owes Inland Revenue over $680k, founder disputes overdrawn account claim

“After careful consultation with the IRD [Inland Revenue Department] and a thorough review of recovery options, we determined that voluntary liquidation was the most responsible course of action.” Black Pineapple has served hundreds of thousands of cocktails at events throughout New Zealand and more than 18,000 cocktail boxes have been delivered via e-commerce since 2017.…

Tornos News | Six solutions and two company conversions approved by the competent Chambers

A series of decisions on solutions and company conversions were taken by the competent authorities, approving six company solutions and two conversions of corporate forms. In detail: The Chamber of Dodecanese approved the solution, the commencement of liquidation and the appointment of liquidators of the Société Anonyme with the name “Thomas Hotel Anonyme Etaireia”, in…