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UK-based mixer company Lixir Drinks entered liquidation last month following “immense challenges” including the pandemic and Brexit. The B Corp-certified
Mackay Goodwin and RRI Advisory have announced they will merge to meet the growing demand for quality insolvency advice as Australian businesses continue to struggle.
Business advisory and insolvency expertise company Mackay Goodwin will merge with Melbourne-based company RRI Advisory.
RRI Advisory is a boutique insolvency company specialising in providing insolvency, turnaround and business restructuring solutions to small and medium-sized businesses.
Mackay Goodwin, ranked third in insolvency and business recovery companies by appointment for the 2024 financial year, said the merger will aid in tackling the growing demand for insolvency guidance.
COLUMBUS, Ohio – A new national study provides the best evidence to date that generous unemployment insurance benefits during the COVID-19 pandemic helped reduce reliance on high-cost credit use.
Researchers found that lower-income residents of states with more generous benefits were significantly less likely than those living in less-generous states to take out new credit cards, personal finance loans and payday loans or other alternative financial service offerings.
A business renovation company owned by reality TV star Sky Wheatley’s partner is on the brink of collapse after it was unable to pay back its debts.
Shopfit Co, run by I’m A Celebrity…Get Me Out Of Here! Australia winner Wheatley’s tradie partner Lachlan Waugh has entered external administration and has been taken over by third party insolvency experts.
Shopfit Co has been at the helm of completing major renovations for popular cafes, bars, restaurants and high profile brands including Red Rooter, Quicksilver and Sass and Bide.
Mr Waugh, 34 and Wheatley, 30, have featured in several renovation videos that have been uploaded to YouTube.
The high-profile couple also bought a luxury mansion,known as the La Casa Grande, for almost…
When we first found JH Market’s Director James Wang, he blamed his staff. But after our first story went to air he promised to do an interview. (A Current Affair)
Wang loves to pose with some famous faces, but he will do everything to dodge our cameras and his angry customers and staff who want their money.
UK-based mixer company Lixir Drinks entered liquidation last month following “immense challenges” including the pandemic and Brexit.
The B Corp-certified brand was founded in 2018
Writing on LinkedIn yesterday (16 August), co-founder and head of commercial Matt Mahatme said: “I never envisaged writing this post, but last month we made the difficult decision to place Lixir into liquidation.
“It’s been a rough few weeks, but if I’m honest it’s been an even tougher year leading up to this. There have been immense challenges that despite our best efforts, we couldn’t overcome.
“With any challenger brand, you are up against it from day one, competing with giants, but even more so…
The Australian Taxation Office received “clear advice” from the government’s chief legal adviser before launching a campaign to resurrect historical debts that caused widespread confusion and distress.
Meanwhile, the federal government has distanced itself from the tax initiative, arguing that decisions and processes related to the debts were a matter for the ATO.
A recent surge in debt collection activity, which included more than 200,000 letters sent to taxpayers and agents, stems from a policy change last year to change filters on the ATO’s systems that had previously ignored old debts deemed uneconomical to pursue.
Changes to student debt — which could save the average graduate $1,200 a year — have moved a step closer.
The bill was introduced to parliament on Thursday but has been referred to an inquiry, scheduled to report back on 30 September.
That means the legislation will not return to parliament until October at the earliest and will need to pass both houses before the changes take effect.
If the legislation becomes law, this is how it will affect Australians with a HELP debt.
What sparked the changes?
The changes follow , released in February, which to improve higher education in Australia.
The report recommended, among other things, that student debt indexation should not outpace wage growth.
Boris Becker arrived at court with his partner Lilian de Carvalho Monteiro
Former Wimbledon champion Boris Becker has been jailed for two and a half years for hiding £2.5m worth of assets and loans to avoid paying debts.
The case centred on Becker’s bankruptcy in June 2017 resulting from an unpaid loan of more than £3m on his luxury estate in Mallorca, Spain.
Judge Deborah Taylor said he had shown no remorse or acceptance of guilt.
Referring to Becker’s previous conviction for tax evasion in Germany in 2002, she told the former world number one: “You did not heed the warning you were given and the chance you were given by the suspended sentence and that is a significant aggravating factor…
The Apprentice candidate Raj Dhonota has experienced bankruptcy twice in his career which he has recently opened up about in an exclusive interview with Express.co.uk.
The 49-year-old, who lives in Kent with his family, is planning on moving to California to re-launch his career following his most recent bankruptcy.
Longtime fans of The Apprentice will recall Raj was fired during week nine of the first season by Lord Alan Sugar.
As well as reaching the dizzying heights of success, he was declared bankrupt in 2023, following his first bankruptcy in 2001.
The first bankruptcy came four years before his season of The Apprentice where the winner would earn a six-figure salary at Lord Sugar’s company.
