Insolvency Guardian Media Centre
About the Status Resolution and Support Services program
The Status Resolution and Support Services (SRSS) program provides support services to people who are living in Australia while their protection visa applications are being decided.
The types of services include financial, medical and housing.
The Department of Home Affairs provides these services through various organisations. Financial help is given through Services Australia (Centrelink).
If you are applying for a protection visa and experiencing financial hardship, you will mostly likely be able to get SRSS payments.
The Department of Home Affairs will find that a person (or family) is in financial hardship when:
- their income is below a certain amount
- they have no assets or money in…
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One group set for $95k homebuyer boost news.com.au
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A first liquidator’s report into a Kiwi travel company’s breakdown reportedly shows it was issuing customers with fake plane tickets.
Auckland-based travel company Travel Globe has left creditors more than NZ$230,000 ($221,637) out of pocket, according to a liquidator’s report, including customers who were issued with fake plane tickets.
The company is owned and directed by former bankrupt Jujhar Singh and his wife Harvinder Kaur, who served as director and shareholder until late December, Stuff reported.
The company, which was incorporated in 2015, filed for liquidation owing three…
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The failure rate of new businesses relative to total insolvencies is at its lowest level for more than a decade, according to new analysis from PwC. In 2024 startups accounted for 46% of total company insolvencies, the lowest proportion in a decade by a large margin – despite record levels of company incorporations over the period.
The average proportional percentage of startup insolvencies over the past decade was 60%, and 2024 marks the first year the rate has fallen below 50%.
While startup insolvencies, which in 2024 returned to a 2019 pre-pandemic range, (see Chart 2), non-startup insolvencies are still twice as high. Pressure has been felt particularly across the retail, hospitality, manufacturing and…
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Insolvency-related activity has decreased in Wiltshire and the Thames Valley, says R3, the UK’s insolvency and restructuring trade body.
R3’s analysis of data provided by Creditsafe showed a drop in insolvency-related activities from 203 in December to 172 in January.
The figures include administrator and liquidator appointments together with creditors’ meetings.
This number is significantly lower than October 2024’s 293, which was the highest figure since March 2022.
The South East figure for insolvency-related activities is the fifth highest in the UK, behind Greater…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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Liberated Brands, the operator behind Quiksilver, Billabong, and Volcom, filed for Chapter 11 bankruptcy in February 2025, leading to the closure of all 124 U.S. retail stores and the layoff of approximately 1,400 employees. The move follows years of financial pressure exacerbated by the rise of fast fashion, declining discretionary spending, and shifting consumer behavior.
While retail has seen no shortage of high-profile bankruptcies in recent years—including J.Crew, Bed Bath & Beyond, and Party City—the collapse of Liberated Brands reflects broader corporate challenges that extend beyond apparel and retail.
The structural issues behind the…
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ASHEVILLE, N.C. (WNCN) — A legendary western North Carolina native has partnered with two corporations to help announce that $10 million in consumer debt has been cleared for those impacted by Hurricane Helene in the region he grew up in.
Roy Williams, the Hall of Fame basketball coach who retired from the University of North Carolina-Chapel Hill in 2021 after leading the Tar Heels to three national championships this century, has teamed up with Verizon and ForgiveCo to erase debts for 6,500 western North Carolinians, according to a press release from Verizon. The company said Williams will be helping call families to give them the good news.
“Hundreds of North Carolina families are currently learning that Verizon has cleared their…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
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Why did the NCLT send BCCI’s withdrawal petition to…
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A Chinese government linked property company with unpaid claims from Queenstown contractors has gone into liquidation, leaving the future of over 100 Fernhill residential units in doubt.
Triple Connection Ltd was put into liquidation on February 13 after landscaping company Top Garden failed to get a response to a statutory demand linked to an unpaid $80,000 invoice and even higher legal costs. Queenstown company Concept Builders was also owed money by Triple Connection.
The company is involved in the troubled Jade Lake project that was launched with great fanfare back in 2018.
Min ‘Homy’ Yang, left, with Chinese Embassy officials at the 2018 Jade Lake launch.
37 Robins Road, Queenstown is listed as the main…