Insolvency Guardian Media Centre
Bankruptcy ‘illegal’: candidate The Australian
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The fortunes of Australia’s largest commercial contractors have improved as cost growth slows and loss-making projects end, but increasing insolvencies among smaller subcontractors and suppliers are putting that recovery at risk by narrowing the industry base on which larger builders rely to get work done.
Financial reports lodged with the corporate regulator show the country’s biggest builders enjoyed a strong turnaround in the year to June, with profitability and margins increasing, as they put behind them the brutal losses triggered by fixed-price contracts.
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Rise of Corporate Insolvency in Colombia: Business and Construction, the Most Affected Sectors Holland & Knight
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NCLT Bengaluru Dismisses Insolvency Plea Against Mantri Developers Filed by Indian Bank The Law Advice
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If the bill passes through the Senate, the ATO will apply an automatic credit for the difference between the current indexation rate and new indexation rate, backdated to June 1 last year.
Education Minister Jason Clare said a graduate with an average debt of $26,500 would have about $1200 wiped from their outstanding loan under the new policy.
Those who repaid their HELP debt after indexation was applied last year and this year will receive their credit via a refund to their bank account.
“We are…
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Following a brief pause during the COVID-19 pandemic when consumers reined in credit card spending, Americans are once again piling up the debt. Many are also looking for ways to manage that debt — especially in states like Nevada, Virginia and Delaware.
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Total household debt in the U.S. hit $11.71 trillion during the 2024 third quarter, according to a study from ConvertBankStatement, an online platform that lets users convert bank statements into various formats. That figure is up from $11.7 trillion a decade…
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From 2019 through 2023, illegal online gambling in South Korea increased threefold. Online gambling accounted for 80% of all illegal wagers, with young people at increasing risk.
Between 2019 and 2023 in South Korea, known cases of online gambling almost tripled.
The National Gambling Control Commission (NGCC) The National Gambling Control Commission (ngcc.go.kr), reports that cases grew from 13,000 to more than 39,000 in the four-year period. Online gambling comprised more than 80% of total illegal wagers, with illegal sports bets a distant second, at 19.4%.
The National Gambling Control Commission (NGCC) estimates that 2.37 million adults in South Korea – about 5.5% of the population – meet the criteria for gambling…
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Research conducted in July has found a link between legalized gambling and poor financial health.
Photo By – Imagn Images.
A recent article from the Oklahoma Voice draws on various studies to examine the link between the growing legal sports betting industry in the U.S. and higher debt, lower savings, and lower credit scores.
A research paper published in the summer, titled “The Financial…
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AVA Advisory revealed a significant portion of Australian small businesses needed assistance when managing and dealing with their business debt.
Research from the debt restructuring business highlighted that 38 per cent of SMEs acknowledged their need for financial or business advice against the backdrop of rising inflation and economic challenges.
Along with the acknowledgement that advice was needed, it also highlighted demand, as respondents said they wanted better advice to navigate their current debt challenges.
However, 62 per cent of SMEs said they did not need or want advice, which included 16 per cent that were receiving or had received advice to manage current debt.
AVA Advisory founder and CEO Andrew Quinn said it was…
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An order by a PMLA court in Mumbai has paved the way for auctioning of Rs 2,566-crore worth of properties of fugitive businessman Mehul Choksi. These properties were attached by the Enforcement Directorate (ED) in the Rs 6,000-crore PNB bank fraud case.
The ED has already started the process of handing over the properties to the liquidator and assets worth Rs 125 crore have been handed over to the liquidator of Gitanjali Gems, the company once owned by Mehul Choksi.
“The handed over properties include flats situated at Mumbai and two factories/ godowns situated at SEEPZ Mumbai. Restitution of the rest of the properties is also in progress,” said the enforcement directorate in a press statement.
Mehul Choksi has…