DRO reforms have enabled more people to access debt relief

Recent changes to Debt Relief Orders (DROs) have successfully enabled more people in financial difficulty to access debt relief, according to an Insolvency Service review. The review assessed the impact of the 2021 and 2024 reforms, which raised the maximum debt level, increased the asset allowances, and widened access for people with low incomes and low…

debt relief reforms – Credit Connect

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Cult activewear brand Stax goes into liquidation

Women’s clothing and activewear Stax has entered into voluntary liquidation, with urgent assessment of the business underway. In a grim update from the ACCC, the business appointed Brian Silvia and Michael Hird of Cascap Advisory as joint liquidators for multiple Stax entities. The latest blow for the cult Australian activewear brand follows banking giant NAB…

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