Banking Day – BankingDay

The Australian insolvency system is dominated by debtors with relatively small debts, many of whom are vulnerable, the Australian Financial Security Authority says. According to AFSA data, there are 60,000 people in the personal insolvency system currently, with a total of A$18 billion of liabilities. Of those, 52.7 per cent have less than $50,000 of debts. AFSA…

Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red – Daily Mail

Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red – but founder Patrisse Cullors’ brother was still paid $1.6M for ‘security services’ in 2022, while sister of board member earned $1.1M for ‘consulting’ Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records…