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.
Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget.
Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightened inflationary pressures.
“Whether HECS relief, or assistance for people on prac, on placements, as they finalise their degrees, we are looking at both of those things for the budget,” Dr Chalmers said on Monday.
“We do acknowledge that students are under pressure, and if we can afford to do something to help on that front, that’s obviously something we’ll consider.”
The Higher Education Contribution Scheme…
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Bonza has entered voluntary administration hours after suspending its flights earlier today.
An internal note sent by airline CEO Tim Jordan, obtained by the AFR, confirmed that its fleet was repossessed by its aircraft lessor at 3am, as widely speculated. However, the message added the news came as a “surprise” to both Bonza and owners 777 Partners.
The development that administrators Hall Chadwick have taken over control opens up the possibility that the business or its assets could be recovered by a third party.
It comes weeks after a rash of speculation about the future of Bonza, with the airline earlier this month bluntly denying consultants…
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Debt Management Software Market Insights: Trends, Drivers, and Outlook 2024 – 2031
Debt Management Software Market Scope: Unveiling Today’s Trends
Debt Management Software refers to applications designed to help individuals and organizations manage and repay debts effectively. The market has shown significant growth, driven by increasing levels of personal and corporate debt, alongside a rising demand for automation in financial management. Integration of advanced technologies like artificial intelligence and machine learning enhances the efficiency of these solutions, enabling better analytics and personalized repayment plans. As financial awareness increases, both consumers and businesses are seeking…
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Rex enters voluntary administration, grounds 737s South Coast Register
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Leading Townsville solar business saved from brink of collapse Townsville Bulletin
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Just days after the Australian online bookseller asked to extend an suspension on the trading of its stock, Booktopia has taken the more drastic step of appointing a firm to oversee its voluntary administration. The move indicates the high unlikelihood that the company will continue to operate in its current form.
In an announcement made in Australia this morning, Booktopia put McGrathNicol Restructuring in charge of its reorganization efforts. Firm partners Keith Crawford, Matthew Caddy, and Damien Pasfield were appointed voluntary administrators, and the three men “are undertaking an urgent assessment of Booktopia’s business while options for its sale and/or recapitalization are explored,” the company announcement said.
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Carl’s Jr. restaurant, off the Goulburn Valley Hwy, shut its doors on July 29 and remains closed.
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What happens if a council goes bankrupt? Commons Library
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Regional airline carrier Rex has officially entered voluntary administration
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Getty ImagesIt’s affected 50 Cent, Fazer from N-Dubz, Kerry Katona and pretty much all of the band Blue – among a lot of other celebrities.
But when we talk about bankruptcy, how many of us actually understand what it means?
Katie Price is the latest celeb to be declared bankrupt after failing to stick to a plan to repay her debts.
And after reading this, you’ll know exactly what that means.
What is bankruptcy?
Getty ImagesBankruptcy might be seen as a dirty word but it’s a pretty simple concept – it’s when nearly all of your debts are written off because you can’t afford to pay them at the time that they’re owed.
It’s an order from the court that in the UK usually…
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Rex Airlines enters voluntary administration Port Macquarie News
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HONG KONG — China Oceanwide Holdings, a Beijing-based private developer, said on Monday that the company was to be wound up by a court in Bermuda.
Trading of the company’s Hong Kong-listed shares was suspended from Monday morning due to the court decision and “will remain suspended until further notice,” according to the filing to the city’s exchange.