Insolvency Guardian Media Centre
“While the HELP program is not considered a form of welfare and the intent is to get those who benefit from education to make a contribution, the generosity of the HELP program is at odds with otherwise highly targeted and means-tested social policy in Australia.”
“Lower generosity of the HELP system would … not necessarily compromise the education and social policy goals of the scheme.”
One of the problems plaguing the HELP scheme is the high level of bad debts – the Department of Education and Training said as much as 25 per cent of new HELP debt was “doubtful”. This year alone $1.6 billion was lent to students.
Under reforms by the former education minister Simon Birmingham, the repayment threshold has been lowered as a way of recoveri…
Read the full article at: https://www.afr.com/news/policy/education/oecd-says-student-loans-scheme-should-be-less-generous-20181211-h18zot
WHILE the early part of November was caught up in shortened supply of slaughter cattle due to the October rain, numbers returned by mid-November and beef exporters turned in a creditable 95,469 tonnes for the month.
According to Department of Agriculture and Water Resourcesthis takes the 11-month progressive tally for the calendar year to 1.033 million tonnes which is up by 11pc on the same period last year.
With remaining shifts covered for numbers until season closure, December exports should comfortably take the result for the full year to around 1.12mt.
That will be a significant result as in recent times only the two big drought liquidation years of 2014 and 2015 saw bigger export tonnages.
Since then the national herd is thought to hav…
Read the full article at: http://www.queenslandcountrylife.com.au/story/5805522/big-year-for-liquidation/
The Shire of Northam has said they are not concerned that the company they have awarded tender to for the construction of a $10 million pool went into voluntary administration earlier this year.
After 12 months of detailed design and tendering the Shire of Northamresolved to appoint Cooper &Oxley to build the new aquatic facility, which has been designed by Donovan Payne Architects.
Cooper & Oxley went into administration in February this year, owing unsecured creditors $27 million but returned from voluntary administration in May.
Theaquatic facility will incorporate an eight lane 50m heated outdoor swimming pool, four lane …
Read the full article at: http://www.avonadvocate.com.au/story/5803626/shire-not-concerned-awarding-pool-tender-to-company-who-went-into-administration-in-february/
The operators of two Florida-based student loan debt relief schemes are banned from the debt relief business as part of agreements settling Federal Trade Commission allegations that they collected illegal upfront fees and falsely promised to help some consumers enroll in government programs that would reduce or forgive their student loan debt, according to a news release from the FTC.
The settlements with Student Debt Doctor (SDD) and American Student Loan Consolidators (ASLC) are part ofOperation Game of Loans, a coordinated federal-state law enforcement initiative targeting deceptive student loan debt relief schemes first announced by the FTC in October 2017.
People struggling to repay student debt should know that an offer of debt relie…
Read the full article at: https://www.acainternational.org/news/ftc-halts-student-loan-debt-relief-schemes
MUMBAI: Months after UAE-based BR Life emerged as the sole bidder for SevenHills Hospital, the BMC health department has given the green signal for the takeover after the private company agreed to clear all pending dues of the Marol hospital and also reserve 20% of the beds for poor patients.
A BMC official said a proposal for the firms takeover of the hospital management will be sent to municipal commissioner Ajoy Mehta soon for his clearance and then to the standing committee for final approval.
SevenHills, constructed on BMC-owned land around a decade ago, has been in the red since 2013. The hospital has around Rs 140 crore dues to BMC and the BR Life is ready to clear that, a senior official said. Recently the hospital was declare…
Read the full article at: https://timesofindia.indiatimes.com/city/mumbai/bmc-okays-uae-firms-takeover-of-sevenhills-hosp/articleshow/67033056.cms
The national anti-corruption Bureau of Ukraine (NABU) and Specialized anti-corruption Prosecutors office (SAP) began the investigation of the case against officials of the NBU, which are not declared insolvent Misto Bank of peoples Deputy Ivan Fursin.
As reported Finbalance, SAP on the basis of a complaint by the company Kahovka Prom-agro has made the information in the Unified register of pre-trial investigation of a possible criminal offence by the first Deputy Chairman of Bank Ekaterina Rozhkova and other officials of the NBU. The applicant company considers that these individuals, abusing official position in the interests of the peoples Deputy Ivan Fursin, do not include JSC Misto Bank insolvent. And this might result in causing pr…
Read the full article at: https://koztimes.com/prosecutors-have-asked-why-nbu-does-not-recognize-bankruptcy-misto-bank/1285/
In October 2017, the Federal Trade Commission (FTC) and several states launchedOperation Game of Loansto help fight deceptive student loan debt relief scams. Stemming from this program, the FTC settled with Student Debt Doctor (SDD) and American Student Loan Consolidators (ASLC), two Florida-based student loan debt relief companies, over collecting illegal upfront fees and falsely promising to help consumers enroll in government programs to reduce or forgive their student loan debt.
SDD entered into a stipulated judgment with the FTC on November 30, 2018. The stipulated judgment bans SDD from offering debt relief products, prohibits SDD from making misrepresentations related to financial products and services, and prohibits SDD from enga…
Read the full article at: http://www.insidearm.com/news/00044566-ftc-settles-two-student-loan-debt-relief-/
General Electric Companys (GE – Free Report) board of directors recently approved a quarterly cash dividend of 1 cent per share. The dividend rate is nearly 91.7% lower than the previous rate of 12 cents per share.
The company stated that the new dividend will be paid on Jan 25, 2019, to shareholders of record on Dec 20, 2018. General Electrics ex-dividend date payment date is Dec 19, 2018.
Concurrent with the third-quarter earnings release (on Oct 30, 2018), General Electric had communicated about its intention to trim the quarterly dividend rate to a penny, in sync with its ongoing business portfolio-restructuring program.
Prior to this, on Nov 13, 2017, General Electric had slashed its quarterly dividend payout by…
Read the full article at: https://www.zacks.com/stock/news/342169/ge-slashes-dividend-rate-remains-focused-on-restructuring
In a move that could potentially enable in finding a suitor under the corporate insolvency resolution process (CIRP), the National Company Law Tribunal-Hyderabad has extended the deadline to evaluate some plans.
The Hyderabad-based hospitality chain Viceroy Hotels Limited may perhaps find a suitor, with the NCLT extending the deadline for resolving the case.
The Judicial Member Ratakonda Murali, while allowing a petition to permit extension of period by exuding 45 days for counting the CIRP process, allowed Resolution Professional (RP) and the Committee of Creditors additional time.
The time period was extended to enable the Resolution Professional and CoC to review the Resolutions Plans which have been already filed.
The NCLT felt that sin…
Read the full article at: https://www.thehindubusinessline.com/companies/nclt-extends-deadline-for-viceroy-hotels-insolvency-resolution-process/article25711654.ece
Mark William Taylor, 51, and Kelie Taylor, 34, of Ellesmere Port, appeared at Liverpool Crown Court on 10 December 2018 following a joint investigation between Merseyside Police and the Insolvency Services Criminal Enforcement Team.
The case centred on the activities of Global Media Corporation Ltd and Paramount Media Company between 2009 and 2014. The two Wirral-based companies were operated by Mark Taylor, despite being previously disqualified from being a company director.
Following a large number of complaints to Action Fraud in relation to the two companies, investigators found that sales representatives would cold-call companies offering advertising space in various magazines which reportedly supported the emergency services.
T…
Read the full article at: https://www.gov.uk/government/news/husband-and-wife-sentenced-for-large-scale-publishing-fraud
- Augmented reality firm Blippar, one of the UKs best-funded startups, is close to collapse.
- According to The Sunday Times, its chairman has written to shareholders warning of a dispute between two investors.
- Malaysian sovereign wealth fund Khazanah has reportedly blocked property tycoon Nick Candy from injecting further funding into Blippar.
- There have been months of red flags, with Blippar trying to sell itself earlier this year, internal dissatisfaction, and public accounts showing losses.
- Now, insolvency firm David Rubin and Partners has been lined up as administrators.
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Blippar could live another day if Candy, already a major shareholder, can inject further cash into t…
Read the full article at: https://www.businessinsider.com.au/blippar-collapse-administration-attempts-to-sell-the-firm-snap-2018-12
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![Shopping for a college graduate this holiday season? A new survey suggests helping with their student loan debt. [The Oklahoman archives]]()
Shopping for a college graduate this holiday season? A new survey suggests helping with their student loan debt. [The Oklahoman archives] Gift-giving for that person on your list who graduated from college with student loan debt could be as easy as helping make a payment. Odds are it would be much appreciated.
A new survey of 1,000 people by LendEDU shows most would prefer the giver skip the present and make a student loan payment of equal value, even for modest gifts like a…When you subscribe for $0.99, you get full digital access to: 1) Unlock ALL exclusive articles from The Oklahoman. 2) Custom…
Read the full article at: https://newsok.com/article/5617289/gift-idea-for-the-college-graduate-help-pay-off-student-loan-debt
![Shopping for a college graduate this holiday season? A new survey suggests helping with their student loan debt. [The Oklahoman archives]](http://cdn2.newsok.biz/cache/large960_blur-4e5278031f44b72b9c340a250c932b7d.jpg)