Its fairly common for people to make resolutions at the beginning of the year. Among the most common resolutions are those that have to do with money. Even if you dont have a specific resolution related to money for this new year, you can still improve your finances. One way to do that is with…
Like Caesars Gaul, the U.S. Department of Educations debt cancellation can be divided into three parts. The first allows the Education Department to discharge debt for a narrow group of student debtors in extreme situations: students with permanent and total disabilities and families of those who perished during the 9/11 terror attacks. Another set of…
Amid growing controversy about Centrelink’s new automated debt recovery methods, the agency is using Twitter to refer welfare recipients to a crisis support hotline and offer assistance from trained social workers. Centrelink has been sending out 20,000 debt-compliance letters a week since the Turnbull government introduced a new computer-based compliance system in July, up from…
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BENGALURU: Funding winters and the investor sentiment in 2016 saw multiple growth-stage companies turning to venture debt to tide over the hard times. The absence of a traditional credit line from institutional investors like banks has seen these smaller companies diluting precious equity for working capital and other needs. In order to streamline the process…
Related Story: Porter defends Centrelink amid debt recovery row Related Story: Centrelink staff to get ‘customer aggression’ training amid debt row Independent MP Andrew Wilkie has criticised the Federal Government over Centrelink’s new debt recovery system, saying it was designed by a “dunderhead”. The Tasmanian politician’s comments come amid…
Imagine you get a letter from Centrelink saying you have an outstanding debt of more than half your yearly salary. Oh, and it’s due in just over a fortnight. Brisbane-based single mum Joy got a letter like that before Christmas. (Joy isn’t her real name; she’s asked Hack not to identify her as her debt…
Two debt charities are preparing for what they say will be one of their busiest months ever as cash-strapped consumers are forced to face up to pre-Christmas overspending, and more deep-seated financial problems. Citizens Advice expects more than 370,000 people to seek help on a range of financial issues including post-Christmas debts over the next…
When Centrelinks letter arrived two weeks before Christmas, Michael Griffin instinctively knew he was going to be unfairly trapped. So he meticulously documented, step-by-step, how the system wrongly deemed him to have a $3,197 debt. Griffins ordeal began when he received the standardised letter from Centrelink, telling him there was a discrepancy between income information…
The liquidators of BHS are conducting a detailed investigation into property transactions that took place during the regimes of Sir Philip Green and Dominic Chappell, including whether the directors of the retailer breached their duties. Insolvency practitioners have a legal duty to review the conduct of the directors of a collapsed company, but the scope…