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.
Do you think they didnt consult me or consult other sponsors long before this became a public stitch-up of the
The shake-up of Britain's big four audit firms is to continue in earnest when Deloitte unveils the sale of its
Finance Minister Nirmala Sitharaman on Saturday specified that the proposed Agriculture Infrastructure and Development Cess will be used to improve
Finance minister Nirmala Sitharaman on Saturday clarified that the Union Budget proposal of collecting Rs 30,000 crore through Agriculture Infrastructure
New Hampshire lottery sales, particularly from online games, are surging during the pandemic, and with that increase comes a jump
Ed Talbot, executive director of the New Hampshire Council on Problem Gambling, speaks at a celebration for two runners who
The Federal Government is trying work out why less than a quarter of the $300 million it released in the
SUDBURY -- A judge has formally declared Laurentian University insolvent, giving the university breathing room as it works toward restructuring
You could fall behind on payments Missing payments toward the new debt means that you could end up in a
There is plenty in the news about an upcoming wave (some still say avalanche) of insolvencies, especially once the federal
Landlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m worth of insolvent
Melbourne, Australia The image is striking. Draped in a possum-skin cloak Senator Lidia Thorpe entered her first day in the

Do you think they didnt consult me or consult other sponsors long before this became a public stitch-up of the club and the CEO? The board was across all of this. I think they met twice and it was discussed with them. So Ryan isnt some kind of cowboy.

But here is where I have an issue: I think the club was poorly treated and positioned by the NRL. They gave the club the rope and then they quietly hung us. There was never a firm no from the NRL … instead they allowed us to explore it and led us down the garden path.

They allowed the club to look rash and stupid, and the reason they didnt cut it off straight away is because the NRL knows they would have had to face a court case. They knew there was a restraint of trade or something sim…

Read the full article at: https://www.brisbanetimes.com.au/sport/nrl/nrl-hung-dragons-out-to-dry-on-folau-says-club-sponsor-20210213-p5728z.html?ref=rss&utm_medium=rss&utm_source=rss_feed

The shake-up of Britain’s big four audit firms is to continue in earnest when Deloitte unveils the sale of its restructuring arm to Teneo, a strategic consulting firm which advises many of the UK’s biggest companies.

Sky News has learnt that Teneo, which is backed by the private equity firm CVC Capital Partners, is in advanced talks to acquire the Deloitte business, which has been acting as administrator to the former retail empire of Sir Philip Green.

City sources said the deal could be announced as early as next week.

Deloitte operates one of the largest restructuring businesses in the UK, employing 30 partners and, in total, 350 people.

The deal, which analysts said was likely to cost Teneo “in the low hundreds of millions of poun…

Read the full article at: https://news.sky.com/story/teneo-swoops-to-buy-deloittes-uk-restructuring-arm-12217151

Finance Minister Nirmala Sitharaman on Saturday specified that the proposed Agriculture Infrastructure and Development Cess will be used to improve mandi infrastructure in the country. Replying to a general debate on Budget 2021 in Lok Sabha, the finance minister clarified that the proposal to collect Rs 30,000 crore through the new agri cess will go to states to upgrade the APMC (Agricultural Produce Market Committee) infra.

Amid ongoing agitation by farmers demanding the repeal of three contentious farm laws, the finance minister informed that not a single APMC has been shut in any state. She added that the budget instead provides to strengthen such marketplaces for farmers.

It must be noted that in the Union Budget speech 2021, Sitha…

Read the full article at: https://www.businesstoday.in/current/economy-politics/rs-30000-crore-via-new-agri-cess-will-be-used-to-improve-states-apmc-infra-fm-sitharaman/story/431183.html

Finance minister on Saturday clarified that the Union Budget proposal of collecting Rs 30,000 crore through Agriculture Infrastructure and Development Cess will go to states so that mandi infrastructure can be improved.

Amid ongoing protests by farmers and the Opposition to repeal controversial farm laws, Sitharaman said that not even one Agricultural Produce Market Committee (APMC) has been shut in any state, and instead the Budget makes provision to strengthen such market places for farmers. She was replying to a general debate on the Budget for 2021-22 in the Lok Sabha.

Taking a dig at Congress leader Rahul Gandhi, Sitharaman said that the United Progressive Alliance government can take credit for MGNREGA, b…

Read the full article at: https://www.business-standard.com/article/economy-policy/rs-30-000-crore-via-agri-cess-will-go-to-states-to-improve-apmc-infra-fm-121021301104_1.html

New Hampshire lottery sales, particularly from online games, are surging during the pandemic, and with that increase comes a jump in another statistic the number of problem gamblers who seek assistance for a disorder that can destroy lives.

The National Council on Problem Gambling received 443 calls to its 24-hour helpline (800-522-4700) from New Hampshire last year, compared to 337 in 2019. Thats an increase of 24 percent.

Keith Whyte, executive director of the National Council on Problem Gambling, said there are valid concerns that the pandemic is worsening the problem of compulsive gambling. The problem is so severe that the organization released a statement on problem gambling during the pandemic.

Social isolation, job loss, st…

Read the full article at: https://www.sentinelsource.com/news/local/online-gambling-a-concern-during-the-pandemic/article_c334049b-113a-5d0c-843e-1c05adc79ed4.html

Ed Talbot, executive director of the New Hampshire Council on Problem Gambling, speaks at a celebration for two runners who had completed a half marathon for 40 consecutive years. Talbot said physical exercise can be helpful in recovery for compulsive gambling. Courtesy photo

New Hampshire lottery sales, particularly from online games, are surging during the pandemic, and with that increase comes a jump in another statistic the number of problem gamblers who seek assistance for a disorder that can destroy lives.

The National Council on Problem Gambling received 443 calls to its 24-hour helpline (800-522-4700) from New Hampshire last year, compared to 337 in 2019. Thats an increase of 24 percent.

Keith Whyte, executive director of t…

Read the full article at: https://manchesterinklink.com/sign-of-the-pandemic-times-increase-in-calls-to-24-hour-gambling-helpline-concerning/

The Federal Government is trying work out why less than a quarter of the $300 million it released in the wake of the north Queensland floods was taken up by farmers, two years after the disaster.

Only $66 million has been claimed by north Queensland farmers.

In the months after the floods, $400,000 grants were offered to primary producers, who needed to match the funding with their own money….

Read the full article at: https://www.abc.net.au/news/rural/2021-02-13/low-takeup-of-2019-north-qld-flood-relief-prompts-questions/13149408

SUDBURY — A judge has formally declared Laurentian University insolvent, giving the university breathing room as it works toward restructuring by April 30.

The ruling released Thursday by G.B. Morawetz, chief justice of the Ontario Superior Court of Justice, allows the university to access $25 million in funding to cover salary and other costs as it restructures.

Laurentian will also be able to cut programs and lay off staff, as long as that process doesn’t affect courses students are currently taking.

The school can “permanently or temporarily cease, downsize or shut down any of its business or operations,” Morawetz ruled, adding that LU “shall not cease, downsize or shut down any parts of its business if such action would cause any …

Read the full article at: https://northernontario.ctvnews.ca/laurentian-university-can-cut-programs-lay-off-faculty-as-part-of-restructuring-court-rules-1.5306866

You could fall behind on payments

Missing payments toward the new debt means that you could end up in a worse position than when you started.

For example, if you fail to pay off your balance transfer card within the zero-interest promotional period, youll be stuck paying it at a higher APR potentially higher than the original debt.

If you fall behind on a consolidation loan, you could rack up late fees, and the missed payments would be reported to the credit bureaus, jeopardizing your credit scores.

Before consolidating, make sure the new monthly payment fits comfortably in your budget for the entirety of the repayment period.

You havent addressed the root problem

Though consolidation is a helpful tool, it isn’t a sure …

Read the full article at: https://journalnow.com/business/investment/personal-finance/the-pros-and-cons-of-debt-consolidation/article_e9dd9a46-fbce-511a-91d4-b80b670b85fd.html

There is plenty in the news about an upcoming wave (some still say avalanche) of insolvencies, especially once the federal government financial support mechanisms finish at the end of March.

And while initiatives such as the small business restructuring reforms were introduced to help COVID-19 impacted SME businesses and have now come into effect theyre not as simple as the politicians would have us believe.

The Corporations (Corporate Insolvency Reforms) Act 2020 and the Corporations Amendment (Corporate Insolvency Reforms) Regulations 2020 were incorporated to, in part, introduce the Small Business Restructuring Process and the Simplified Liquidation Process.These reforms are intended to give financially challenged SMEs with debts …

Read the full article at: https://www.accountantsdaily.com.au/columns/15344-a-closer-look-at-the-small-business-restructuring-reforms

Landlords getting tough with so-called rent rebels could force 5,834 companies out of business and trigger 326m worth of insolvent debt that further decimates city centres, according to analysis from Stockport based insolvency score, Red Flag Alert.

Concerns are mounting that April will see companies fighting for survival after a COVID-19 moratorium on evictions ends on 31stMarch 2021 and business rates start again after a 12 month tax break for retail, hospitality and leisure businesses.

The end of these support measures is likely to see landlords demanding quarterly rent payments on 1st April and taking tougher action against non-payers, which forces struggling companies out of business.

Managing Director of Red Flag Alert, Mark Hals…

Read the full article at: https://aboutmanchester.co.uk/calling-time-on-rent-rebels-could-lead-to-over-5000-insolvencies/

Melbourne, Australia The image is striking.

Draped in a possum-skin cloak Senator Lidia Thorpe entered her first day in the Australian Federal parliament last September with her right fist raised in a Black Power salute.

In her left hand, she carried a stick engraved with 441 stripes representing the number of Indigenous people to die in custody since a landmark Royal Commission in 1991.

Thorpe tells Al Jazeera she raised her fist as a sign of resistance and as a sign of our struggle and in solidarity with Black people across the world.

She also described the responsibility as carrying the voice of my people into a place which denied our rights for so long and confirmed her intent: Im not saying anything different to what the people on…

Read the full article at: https://www.aljazeera.com/news/2021/2/12/lidia-thorpe-the-indigenous-woman-shaking-up-australia

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