Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Cafe company plunged into liquidation  Geelong Advertiser Read the original article here
Building board takes aim at Modco  The West Australian Read the original article here
Millions of Australians given debt relief as HECS cuts roll in  MSN Read the original article here
Technical Debt Definition & Management  Gartner Read the original article here
The federal government has wiped $3 billion in HECS-HELP debt from Australian student debt loans after announcing changes to how
PARIS — A French commercial court has officially declared Kremlin-backed media outlet RT France bankrupt, the company's President Xenia Fedorova announced
NEW DELHI: Properties worth Rs 2,566 crore of fugitive businessman Mehul Choksi would now be ready for auctioning after a
Bankruptcy ‘illegal’: candidate  The Australian Read the original article here
The fortunes of Australia’s largest commercial contractors have improved as cost growth slows and loss-making projects end, but increasing insolvencies
Rise of Corporate Insolvency in Colombia: Business and Construction, the Most Affected Sectors  Holland & Knight Read the original article here
NCLT Bengaluru Dismisses Insolvency Plea Against Mantri Developers Filed by Indian Bank  The Law Advice Read the original article here
Three million Australians are a step closer to seeing their student loans slashed after Labor's debt relief bill passed through

Cafe company plunged into liquidation  Geelong Advertiser

Read the original article here

Building board takes aim at Modco  The West Australian

Read the original article here

Millions of Australians given debt relief as HECS cuts roll in  MSN

Read the original article here

Technical Debt Definition & Management  Gartner

Read the original article here

The federal government has wiped $3 billion in HECS-HELP debt from Australian student debt loans after announcing changes to how indexation is applied.

It means former students with an average HECS debt of $27,000 will have about $1200 added as a credit to their outstanding loan.

Millions of Australians will have their student debts reduced under an Albanese government plan to deliver financial relief.
Millions of Australians have had their HECS loans reduced after legislation passed the Senate. (Louie Douvis/AFR)

The indexation change was backdated to June 2023 and those who paid off their HECS debt in 2023 or 2024 after indexation was applied will receive the credit as a refund in their bank accounts.

Legislation passed the Senate last month to change how annual indexation on student debts are calculated in Australia.

Previously, it was based on the Consumer…

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PARIS — A French commercial court has officially declared Kremlin-backed media outlet RT France bankrupt, the company’s President Xenia Fedorova announced on Friday.

“The court of Nanterre took the decision to put RT France in liquidation — a media that has not pleased [French President] Emmanuel Macron since its launch and, which was sanctioned by the EU a year ago as a precautionary measure because of the conflict in Ukraine,” Fedorova tweeted Friday evening.

In March last year, the EU banned Russian government-funded media like Sputnik and RT, formerly known as Russia Today, from broadcasting in Europe after Russia launched its full-scale war on Ukraine.

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NEW DELHI: Properties worth Rs 2,566 crore of fugitive businessman Mehul Choksi would now be ready for auctioning after a special Mumbai court order. The properties were attached by the Enforcement Directorate (ED) in the PNB 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 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 in progress,” said the enforcement directorate, the agency that investigates matters related to money laundering.

Gitanjali Gems went…

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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

Read the original article here

NCLT Bengaluru Dismisses Insolvency Plea Against Mantri Developers Filed by Indian Bank  The Law Advice

Read the original article here

Three million Australians are a step closer to seeing their student loans slashed after Labor’s debt relief bill passed through the House of Representatives.

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.

The University of Sydney's 37th annual Chancellor's Committee Book Fair will be held later this month.
Three million Australians are a step closer to seeing their student loans slashed. (Getty)

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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