Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

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.
Go to ASIC
VA extends debt relief for Veterans – VAntage Point – VAntage Point Blog
VA is extending debt relief for Veterans through September 30, 2021, due to the COVID-19 pandemic. VA will suspend collection
Bankrupt Katie Price attempts to rebuild crumbled business empire with new beauty line – Mirror Online
Katie Price has plans to give herself a makeover with the launch of her new beauty brand. The bankrupt star,
Parish council to write off £17000 debt after allotment holder declared bankrupt – Darlington and Stockton Times
A PARISH council will have to write off a debt of almost 17,000 after an allotment holder who took it
Top 10 Worst Gambling Addiction Stories – GamblingNews.com
The stories we are about to tell you are personal as they are harrowing and poignant. They remind us all
Company Restructuring in China: Common Options for Foreign Businesses – China Briefing
Businesses in China can explore strategies for company restructuring to bolster their operational sustainability and facilitate company preparedness and agility,
UK Government extends business support measures – Mirage News
Insolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of
Katie Price launches new money-making beauty brand as she bounces back from bankruptcy… – The Sun
KATIE Price is launching a new money-spinning beauty brand as she continues to rebuild her empire following bankruptcy. Katie, 42,
Jail for Cobram cannabis crop-sitter – Shepparton News
A crop-sitter caught with more than 180kg of cannabis at a Cobram house has been sentenced to four-and-a-half years in
Ex-Wallaby George Gregan’s hospitality group falls into administration – Inside Retail
The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into
Lithgow Aged Care goes into voluntary administration after losing accreditation – The Weekly SOURCE
The Lithgow Aged Care Home, 140km west of Sydney, which houses 73 residents and employs more than 120 staff, has
Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses – JD Supra
In response to the emergence of the COVID-19 pandemic in Australia in 2020, the federal government injected an unprecedented level
VERIFY: Yes, the recent student debt forgiveness change is just a tiny fraction of total student debt – ABC10.com KXTV
Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week,
« Previous 1 … 2,721 2,722 2,723 2,724 2,725 … 6,572 Next »

VA is extending debt relief for Veterans through September 30, 2021, due to the COVID-19 pandemic. VA will suspend collection of all Veteran benefit overpayments incurred between April 6, 2020, and September 30, 2021.No adverse actions or collection attempts will occur during this suspension period. Additionally, all copayments for medical care and pharmacy services incurred from April 6, 2020, through September 30, 2021, will be cancelled,along with any fees or interest. Any payments for this time period will be refunded.

VA is committed to keeping Veterans informed about their debt and the expansive relief options available.

What will happen next

With regard to benefit overpayments, Veterans will receive a letter from the VA Debt Mana…

Read the full article at: https://blogs.va.gov/VAntage/86511/va-extends-debt-relief-veterans/

Katie Price has plans to give herself a makeover with the launch of her new beauty brand.

The bankrupt star, who was once worth around 45million, has started to rebuild her business empire with a new company named Katie KP Limited.

Already the former glamour model, 42, has made a roaring success of her collection Scented By Katie Price, which includes bath bombs and candles.

She was even delivering the bath bombs to the doorsteps of fans in the local area during lockdown and checked with the police she was OK to do so.

The TV personality has teamed up with her Scented By Katie Price business partner for her latest beauty-inspired project.



Bankrupt Katie Price attempts to rebuild crumbled business empire with new beauty line
Bankrupt Katie Price attempts to rebuild crumbled business empire with new beauty line (Im…

Read the full article at: https://www.mirror.co.uk/3am/celebrity-news/bankrupt-katie-price-attempts-rebuild-23795615

A PARISH council will have to write off a debt of almost 17,000 after an allotment holder who took it to court declared bankruptcy.

Maureen Powles, from Hurworth, near Darlington, was told last year she would have to pay Hurworth Parish Councils costs after she took it to court and lost following a long-running row over putting a summerhouse on her allotment.

She has now declared herself bankrupt which means the council will have to write off the debt.

Ms Powles, 64, who no longer works because of her health, said: Ive never been in debt before. Ive never even had a credit card. If I think about it I could burst into tears.

Since 2017 its been all stress. It doesnt stop at the allotment. I had to declare bankruptcy because I couldnt pay…

Read the full article at: https://www.darlingtonandstocktontimes.co.uk/news/19187987.hurworth-parish-council-write-off-17-000-debt-allotment-holder-declared-bankrupt/

The stories we are about to tell you are personal as they are harrowing and poignant. They remind us all of the fallible nature of man and how easy it is to take something up in good faithand go downthe wrong path. Gambling addiction makes the main topic of our stories today.

From losing ones home to losing ones loved ones, the gambling addiction storieswe have found serve as a reminder of the dangers to why we should seek help when fighting the invisible enemy that is addiction.

Some of the worst gambling addiction storieshere will not always be easy to read, but they will certainly be a fair warning to our society, lawmakers, and even players.

1. David Bradford Lost 500,000 in 30 Years

Denise and David Bradford had been married for 3…

Read the full article at: https://www.gamblingnews.com/blog/gambling-addiction-stories/

  • Businesses in China can explore strategies for company restructuring to bolster their operational sustainability and facilitate company preparedness and agility, which is essential during periods of crises like the pandemic.
  • As businesses look to benefit from Chinas economic rebound after suffering through the worst of COVID last year restructuring their operations, HR, finances, or supply chains will help their corporate strategy in many aspects.

Company restructuring in China

While a successful restructuring strategy can put the company in a better position to achieve its goals through greater operational efficiency, not all such undertakings end well.

Many factors will determine the effectiveness of a company restructuring plan, k…

Read the full article at: https://www.china-briefing.com/news/company-restructuring-china-options-foreign-businesses/

Insolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of June 2021.

The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors, and have been previously extended on a number of occasions.

The measures being extended till the end of June 2021:

  • Statutory demands and winding-up petitions will continue to be restricted to protect companies from creditor enforcement action due to debts related to coronavirus (COVID-19).
  • Small suppliers will not have to continue to supply a business in insolvency. However, larger sup…

    Read the full article at: https://www.miragenews.com/uk-government-extends-business-support-measures-534498/

    KATIE Price is launching a new money-spinning beauty brand as she continues to rebuild her empire following bankruptcy.

    Katie, 42, has put her name behind a new business venture called Katie KP Limited.

    Katie Price is involved in a new money-making beauty business

    11

    Katie Price is involved in a new money-making beauty businessCredit: instagram
    The star has teamed up with her bath bomb business partner for the venture

    11

    The star has teamed up with her bath bomb business partner for the ventureCredit: Instagram

    The mum-of-five has teamed up with her Scented By Katie Price business partner for the new project.

    The pair currently sell bath bombs, candles and relaxing sprays together.

    When contacted about her new business, a rep for Katie told The Sun Online: “Katie Price’s new lines are in development.”

    Katie is working hard to build back her fortune after being …

    Read the full article at: https://www.thesun.co.uk/tvandshowbiz/14449797/katie-price-new-beauty-brand-bounces-back-bankruptcy/

    A crop-sitter caught with more than 180kg of cannabis at a Cobram house has been sentenced to four-and-a-half years in prison.

    Khanh Quoc Nguyen, 43, pleaded guilty in the County Court to cultivating a commercial quantity of cannabis between May 19 and August 19 last year.

    Police found 180 plants weighing 49.5kg, along with 130.6kg of dry harvested cannabis, after executing a warrant on the Boorin St house on August 18, 2020.

    This is more than seven times what is considered a commercial quantity.

    A Vietnamese man, Nguyen, who is not lawfully in Australia, was found hiding in a bush when police arrived, while a co-accused fractured both his legs after attempting to jump from the roof of the house to a neighbouring property.

    The co-accused…

    Read the full article at: https://www.sheppnews.com.au/police–court/2021/03/25/4027601/jail-for-cobram-cannabis-crop-sitter

    The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by theend of JobKeeperand leasing protections.

    Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced the number of its employees from 65 to 55.

    The hospitality group operates the Sydney Opera House Green Room, GG Espresso, The George Bar and Bistro, and Eagle Lane Bistro among others.

    Purchas says GG Leasings director Erica Gregan is determined to see the company through the voluntary administration process, and that he is comfortable it can be achieved.

    Its no surprise to anyone that …

    Read the full article at: https://insideretail.com.au/business/ex-wallaby-george-gregans-hospitality-group-falls-into-administration-202103

    The Lithgow Aged Care Home, 140km west of Sydney, which houses 73 residents and employs more than 120 staff, has gone into voluntary administration after losing its accreditation by failing to meet 38 of 42 industry standards.

    We reported here that the aged care home appealed the ruling, which leaves residents with the prospect of finding a new home.

    Ernst & Young have been hired to oversee and address solvency concerns and make sure residents receive the correct care while assessing the possibility of selling the home to another provider.

    The Aged Care Quality and Safety Commission imposed sanctions on 18 December after identifying there was an immediate and severe risk to the safety, health, or well-being of residents.

    Aged Care Qu…

    Read the full article at: https://www.theweeklysource.com.au/lithgow-aged-care-goes-into-voluntary-administration-after-losing-accreditation/

    In response to the emergence of the COVID-19 pandemic in Australia in 2020, the federal government injected an unprecedented level of stimulus into the Australian economy and introduced temporary law reforms aimed at protecting against an anticipated “tidal wave” of insolvencies. These temporary law reforms included a moratorium on civil liability for insolvent trading for directors and increased thresholds and time frames for responding to statutory demands.

    The majority of these temporary relief measures came to an end on December 31, 2020, and in an attempt to address the expected resulting rise in insolvencies, the federal government has implemented a number of permanent insolvency law reforms intended to assist small businesses re…

    Read the full article at: https://www.jdsupra.com/legalnews/legislative-update-new-australian-4386118/

    Borrowers defrauded by their schools could see all of their direct federal student loans canceled.

    Credit: Getty Images/iStockphoto

    Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.

    Butsome pointed out that the Department of Educations decision would only affect a small number of student borrowers and that it would barely dent a nationwide student debt total of more than $1.69 trillion.

    THE QUESTION

    Is the Biden administration canceling $1 billion in student loan debt and who would see that debt forgiveness?

    WHY WE ARE V…

    Read the full article at: https://www.abc10.com/article/news/verify/verify-billion-canceled-student-debt-fraction-total/507-243e6267-c361-4c2a-9cc3-619bdb251d38

Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button