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.
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details.
Greek Aussie run tech start-up E-Mersion Media was allegedly losing money from the start, long before its collapse earlier this year.
According to news.com.au, the Melbourne based company with offices in the UK had debts of more than $12 million when it went into liquidation in April this year.
E-Mersion’s sole director is John Iliopoulos.
The liquidator’s report states that E-Mersion’s idea of digitising traditional print magazines had captured plenty of interest from investors but only managed to make four sales in the four years it was in operation, coming in at a measly $84,274.
The report submitted to ASIC also said the company received $200,000 from the government’s JobKeeper grant to pay staff during…
So, is there any truth to the recent media report about mega star Bruno Mars being up to his eyeballs in gambling debt with MGM – to the tune of $50 million even?
MGM says it’s all false.
Putting the rumor about the Silk Sonic member to bed once and for all, MGM Resorts International issued a statement calling NewsNation’s recent report about the singer “completely false.”
“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe,” MGM said in a statement sent to Buzzfeed. “MGM and Bruno’s partnership is…
Following months of speculation surrounding Mighty Craft’s debt, divestment and restructuring efforts, the brakes have been put on the craft industry accelerator as it enters voluntary administration.
Today, in a statement to the ASX Mighty Craft said the proposed merger with Better Beer was fundamental to its ongoing divestment and restructuring program. Mighty Craft’s senior lenders and the shareholders of…
More than three million Australians are expected to have their student debt cut in the federal budget as a part of measures to ease cost of living pressures.
Education minister Jason Clare said the decision would wipe about $3 billion in higher education loans, after loans increased by 7.1 per cent last year as a result of surging inflation.
The government said a person with an average HELP debt of $26,500 would see about $1200 wiped from their outstanding loans pending the passage of legislation.
More than three million Australians are expected to have their student debt cut in the federal budget as a part of measures to ease cost of living pressures. (9News)
Clare said the Australian Universities Accord had recommended the government…
The real world is made up of some significant dramas that don’t announce themselves in advance to a majority of people. As the old maxim goes: “No one rings the bell” for all to hear when a stock market is about to crash. Similarly, a significant slowdown or even a recession can surprise a lot of economic experts and important government policy setters, such as Treasurers and even the Governor of the Reserve Bank.
Economies have many moving parts, with some growing while others are contracting. Sometimes the growers can attract more attention than the contractors. This is what I was thinking when my 2GB colleagues asked me to explain this short story in the Daily Telegraph.
Los Angeles Dodgers star Shohei Ohtani saidhe was “very saddened and shocked”in his first public statement since his interpreter, Ippei Mizuhara, was fired from the Dodgers amidst media reports of Mizhurara’s alleged illegal gambling and theft. At least $4.5 million in wire transfers from Ohtani’s bank account was sent through wire transfers to a bookmaker, ESPN reports.
“Ippei has been stealing money from my account and told lies,” the 29-year-old designated hitter said via his interpreter Will Ireton during a press conference Monday afternoon. Ohtani did not answer questions from the press.
Mizuhara has been tied to illegal bookmaker Mathew Bowyer, whose home was raided by federal agents last year, according to the Los…
The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australia’s largest venture capital fund, Blackbird Ventures.
A Melbourne storage company, backed by the Victorian State Revenue Office, last week petitioned the court to wind up Bardee’s registered company, Beyond AG, to recoup unpaid bills, and the court sided with the creditors after Beyond AG failed to turn up to the video hearing.
By Hilary Russ (August 14, 2024, 9:26 PM EDT) — AllHere Education Inc., the Boston-based Harvard Innovation Labs venture that sold AI-powered chatbots to schools, filed for Chapter 7 liquidation in Delaware on Tuesday amid concerns about the privacy of students’ data….
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
The new approach will use the lower of either the consumer price index (CPI) or the wage price index (WPI) to calculate the indexation amount. This replaces the old method of only using the CPI, which delivered a 7.1% increase to education debts last year.
The measure will also be backdated to 2023, meaning the 7.1% increase will be replaced with a much lower 3.2%, and will result in people receiving a credit to their Help/Hecs debts to adjust for the difference in the CPI and WPI indexation in 2023 and 2024.
You can use this calculator to see an estimate of how much such a credit could be, based on…
