Small business insolvencies are expected to worsen as Labor’s changes to negative gearing and capital gains tax slow the economy and eventually hit bigger corporations, a leading insolvency expert fears. The Reserve Bank of Australia’s three interest rate rises this year have already worsened the rate of companies going into external administration for the first…
New program could help wipe out medical debt for thousands of Hawaii patients KITV Read the original article here
The Supreme Court on Thursday (July 9) dismissed the appeals filed by the suspended director of Parsvnath Developers Ltd., upholding the revival of Corporate Insolvency Resolution Process proceedings against the real estate group in a default case involving approximately ₹452 crore. A partial court working days bench of Justice KV Viswanathan and Justice Alok Aradhe…
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The Department of Agrarian Reform (DAR) has granted debt relief amounting to PHP6.65 billion to 44,643 agrarian reform beneficiaries (ARBs) and turned over PHP95.5 million in support services to various ARB organizations (ARBOs) in southern Negros Occidental on Thursday. This is the second leg of DAR-Negros Island Region’s (NIR) three‑day distribution series dubbed “Padayon” (to…
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REVEALED: Latest business liquidations in Brimbank Herald Sun Read the original article here
The eThekwini Municipality’s decision to reopen its Special Debt Relief Programme is more than a one-time financial concession for customers with unresolved billing disputes. It reflects a broader shift in how South African municipalities are attempting to restore financial stability while rebuilding public trust. By combining targeted debt relief with investments in smart water and…
Collapsed Sydney design agency For The People is under investigation over claims it was “reborn” under a new corporate entity to evade debts. The award-winning agency may also have traded while insolvent for almost seven years, according to the liquidator, who is investigating the possible “phoenixing”. Phoenixing is the process of shifting staff, clients and…