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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
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.
Hong Kong | Officials from some of China’s most indebted provinces and cities have met leading state bankers in Beijing in recent days as they step up efforts to renegotiate debt payments on billions of dollars in liabilities that threaten to constrain growth in the world’s second-biggest economy.
China’s local governments accumulated enormous liabilities over a decade-long, debt-fuelled building spree. While the infrastructure drive helped fuel growth, many local governments are now grappling with billions of dollars of off-balance sheet debt, stifling their ability to deploy new investments and adding to pressure on the economy as it struggles to regain its footing after the pandemic.
William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology.
Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical writing. Other jobs have… Read more
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On 1 June last year, indexation was applied on my then HECS-HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HECS-HELP account.
If the same indexation rate is applied this financial year, my HECS-HELP debt will increase again, to $94,863. HELP indeed!
I’m not the only one with a soaring student debt problem. On 1 June 2023, there were some 3 million Australians owing over $74 billion in student loan debt.
There are 3 different financial factors at play when it comes to HECS-HELP debts and repayments. The first is the size of the actual debt (in my case, currently $91,025). The second is the amount the debtor is required to pay each year, relative to their income and usually…
