The Turnbull government wants to introduce new insolvency laws to provide breathing room for directors in hard times to enable them to try and turn around their business. Releasing draft legislation for discussion on Tuesday, Revenue and Financial Services Minister Kelly O’Dwyer says the aim is to create a ‘safe harbour’ from personal liability for…
MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI), the newly established regulator to reorganise insolvency laws in the country, is working on guidelines for individuals who want to declare bankruptcy and will also allow voluntary liquidation by companies, chairperson Madhusudan Sahoo said in an exclusive interaction with ET. The IBBI is the nodal agency…
MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI), the newly-established regulator to reorganise insolvency laws in the country, is working on guidelines for individuals who want to declare bankruptcy and will also allow voluntary liquidation by companies, chairperson Madhusudan Sahoo said in an exclusive interaction with ET. The IBBI is the nodal agency for…
Smart money: Smoothing out lumpy cash flow for those in the creative sector [Mon 27/03/2017 11:01 AM] By Bradd Morelli Bradd Morelli. As a partner at Jirsch Sutherland, a specialist insolvency, forensic accounting and turnaround business, Bradd Morelli has been…
Problem gambling costs the UK up to £1.2bn according to a report by charity GambleAware, with spending related to police intervention, mental health services and homelessness putting pressure on the system. The charity warned of the narrow focus on fixed-odds betting terminals (FOBTs), known as the crack cocaine of gambling, and called on the government…
Nicole Miller is owed more than $6000 in superannuation from her former employer, PR agency Kreab Gavin Anderson. Miller worked as an office manager at what was one of Australia’s top communications operations until it went into voluntary administration on December 23 and now, like millions of other Australians who get underpaid their superannuation every year, fears she may never…
A recent High Court personal insolvency judgment has poked a hole in the logjam blocking the resolution of bad mortgage cases when it comes to one tricky category of broke debtor: separated couples, and more specifically, the case of the deserted spouse. Ms Justice Marie Bakers ruling in Re: JD (a debtor) will help guide…
“They could not recover any of my money”: workers fail to get super Canberra: Photograph of Geoff Raby, former Australian Ambassador to China, Senior Adviser to Kreab Gavin Anderson, and Michael Morgan, Convenor of Kreab Gavin Anderson????s Asia Business Group in Canberra today, Wednesday 8 December 2011. Photograph by Penny Bradfield. Photo: Penny Bradfield exit…
– Advertisement – Imenti Central Member of Parliament Gideon Mwiti is on the brink of being declared bankrupt for his alleged inability to repay a Sh6.1 million bank loan obtained through a collapsed pyramid scheme. If he is finally adjudged insolvent, Mwiti will become the second sitting Member of Parliament after Cabinet Minister Paul Ngei…
By BENSON WAMBUGUMore by this Author Imenti Central Member of Parliament Gideon Mwiti is on the brink of being declared bankrupt for his alleged inability to repay a Sh6.1 million bank loan obtained through a collapsed pyramid scheme. If he is finally adjudged insolvent, Mwiti will become the second sitting Member of Parliament after Cabinet…