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…

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…

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Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk quipped on X that Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker.

What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion, still significantly behind Apple Inc. (NASDAQ:AAPL) at $3.729 trillion. To achieve the top position, Tesla would need to grow by nearly 200%.

Trinseo Executes Transaction Support Agreement To Address Near-Term Debt Challenges

Trinseo PLC (NYSE:TSE) shares are trading higher after the company announced it secured a transaction support agreement with key holders of its senior notes and term loans.

As per the transaction support agreement, these creditors will support transactions aimed at refinancing near-term maturities, enhancing operating liquidity, extending the nearest debt maturity to 2028, and capturing a discount through an exchange of the company’s 2029 senior notes.

Trinseo plans to redeem and refinance its $115 million in 2025 Senior Notes by issuing $115 million in 2028 Refinance Term Loans.

These loans will carry terms similar to the credit facility…

Acsa has lashed out at claims that the company is facing imminent liquidation. On December 9, The Star reported that multiple service providers had applied for Acsa’s liquidation because it had failed to pay for services rendered amounting to R550 million.

However, in a statement, Acsa said liquidation proceedings had been instituted against it by just one service provider for unverified claims of R126 million, which is currently subject to an arbitration process scheduled for March 17, 2025.

“The service provider has chosen instead on November 27 to submit an application for liquidation, abandoning the arbitration process prescribed through the service level agreement as a last resort for contracting parties to resolve disputes….

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