Insolvency Guardian Media Centre

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India's economic growth has been propelled by government reforms, business innovation and a dynamic young workforce. Smart, entrepreneurial and
More than 32,000 Australians declared bankruptcy during the 2018 financial year, with households in both of the country's resource-dependant
Latest government figures highlighting a quarterly fall in corporate insolvencies may only be a blip in an underlying upward trend,
Graduating Valley high school students concerned about accumulating college debt have more alternatives today than students had just three years ago.Only
Bucking the national trend, the Isle of Wight saw a reduction in personal insolvencies between 2016 and 2017 but is
Big Un Limited, the controversial small business video production company, has reported a $52.2 million net loss for the half
MEL B has landed herself a new TV gig, but her $1.7 million salary isnt going to be around long
DOUG FIELD/STUFF The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.
DOUG FIELD/STUFF The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.
Nathan Khoury.Photo: SuppliedA 20-year-old man found dead at his family's farm on Melbourne's northern outskirts was being hunted over significant
Nathan Khoury.Photo: SuppliedA 20-year-old man found dead at his family's farm on Melbourne's northern outskirts was being hunted over significant
Telstra has revealed the departure of four senior leaders, and revealed a new leadership lineup as part of an organisational


India’s economic growth has been propelled by government reforms, business innovation and a dynamic young workforce.

Smart, entrepreneurial and female, Swati Bhargava symbolises the changing face of India as the subcontinent giant transforms into an economic juggernaut.

The co-founder of CashKaro, Indias premier digital coupons and cashback site for online shoppers, says the nation is experiencing an e-commerce boom as start-ups emerge and consumers jump on the digital bandwagon. 

Swati Bhargava from CashKaro.CashKaro is a reflection of Indias expanding e-commerce industry, says Bhargava, a former investment banker with Goldman Sachs, who has built cashback operations in India, England and Singapore. 

Read the full article at: https://www.intheblack.com/articles/2018/08/01/india-powerhouse-reform-innovation

More than 32,000 Australians declared bankruptcy during the 2018 financial year, with households in both of the country’s resource-dependant states, Western Australia and Queensland, still doing it tough.

The WA suburb of Baldivis, about 46 kilometres south of Perth’s CBD, recorded the highest number of personal bankruptcies nationwide with 105.

A report from data registry and analytics business, illion, shows there was a 4 per cent increase in …

Read the full article at: http://www.abc.net.au/news/2018-07-31/bankruptcy-australian-suburbs-worst-hit-baldivis/10052194

Latest government figures highlighting a quarterly fall in corporate insolvencies may only be a blip in an underlying upward trend, according to the Midlands branch of insolvency and restructuring trade body R3.

The body is urging business owners not to be lulled into a false sense of security as England and Wales statistics published by the Insolvency Service show that corporate insolvencies fell by 12% in the second quarter of this year (AprilJune) compared to the first quarter (JanuaryMarch).

R3 Midlands points out that corporate insolvency figures are still 12% higher than the same quarter last year, and that company directors still need to remain vigilant to help safeguard their businesses.

R3 Midlands chair Chris Radford said: W…

Read the full article at: https://www.thebusinessdesk.com/eastmidlands/news/2016487-fall-corporate-insolvencies-may-blip

Graduating Valley high school students concerned about accumulating college debt have more alternatives today than students had just three years ago.

Only two Pennsylvania Colleges, Lackawanna and Messiah, offer income sharing agreements, or ISAs, for students who do not have access to other types of loans or those who are taking longer than traditional students do to finish their degrees. Lackawanna also has a working agreement for a dual enrollment program with eight Valley schools to give students a cost-effective way to get a head start on their college careers.

ISAs are a relatively new product, explained Philip Ca…

Read the full article at: http://www.dailyitem.com/news/local_news/college-tuition-options-help-combat-student-debt/article_ada29550-1c3c-501d-86be-1a91a1c6cd5f.html

Bucking the national trend, the Isle of Wight saw a reduction in personal insolvencies between 2016 and 2017 but is still near the top of the list for high rates of personal insolvencies, says insolvency trade body R3.

According to the annual personal insolvency rates released by the Insolvency Service, the 2017 statistics show there were 37.4 insolvencies per 10,000 adults compared to 38.2 in 2016 on the Island placing it as the local authority with the 7th highest rate of personal insolvency of all 348 districts in England and Wales.

As with 2016, the most frequent type of insolvency on the Isle of Wight was debt relief orders (DROs), accounting for 48% of the total. In England and Wales overall, there were over twice as man…

Read the full article at: https://www.islandecho.co.uk/isle-of-wight-sees-personal-insolvency-reduction-but-figures-still-high/

Big Un Limited, the controversial small business video production company, has reported a $52.2 million net loss for the half year to December 2017 as it published its long overdue accounts.

The delay in filing its half-year accounts had already forced the regulator to ban the company from issuing shares without a prospectus and threaten it with court action.

But on Monday, Big Un finally published its half year numbers, reviewed by West Perth-based accounting firm Rothsay Audit which t had previously conducted the audit of the company’s full year accounts to June 30, 2017.

Big Un chairman Nick Jordan told investors the company had adopted new accounting standards that meant funds from “sponsors” were no longer being recogn…

Read the full article at: https://www.afr.com/business/big-un-reports-52m-half-year-loss-20180730-h13c6b

MEL B has landed herself a new TV gig, but her $1.7 million salary isnt going to be around long enough to burn much of a hole in her pocket.

According to The Sun, the singer will have to give away almost all of her new salary after being hired to appear on Americas Got Talent: The Champions.

Mels bank balance is reportedly in such dire straits almost every penny will have to go to cover her outstanding debts accrued from a bitter and costly divorce battle with Stephen Belafonte.

A source close to Mel said: On paper the money is great and looks set to help Mel to cover her debt issues.

But the truth is that she has many mounting debts, with the taxman looking for £200,000 ($AU355,000) and more bills due.

She agreed to hand a large sum to Steph…

Read the full article at: https://www.news.com.au/entertainment/celebrity-life/mel-bs-americas-got-talent-pay-packet-to-go-towards-clearing-dire-debts/news-story/54b143a6ba706fe44ab270d1a2d46899

The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.

DOUG FIELD/STUFF

The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.

The only hotel in a small South Canterbury town has avoided being placed in liquidation, after Inland Revenue withdrew an application against the business in the Timaru High Court on Monday.

Inland Revenue filed the application to have Pleasant Point Hotel 2015 Ltd, which owns the only hotel in Pleasant Point, 19km inland from Timaru, put into liquidation on March 15, 2018.

The hearing was adjourned from May 28 until Monday, when the court was told by …

Read the full article at: https://www.stuff.co.nz/timaru-herald/news/105854800/company-behind-only-hotel-in-small-south-canterbury-town-avoids-liquidation

The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.

DOUG FIELD/STUFF

The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn.

The only hotel in a small South Canterbury town has avoided being placed in liquidation, after Inland Revenue withdrew an application against the business in the Timaru High Court on Monday.

Inland Revenue filed the application to have Pleasant Point Hotel 2015 Ltd, which owns the only hotel in Pleasant Point, 19km inland from Timaru, put into liquidation on March 15, 2018.

The hearing was adjourned from May 28 until Monday, when the court was told by …

Read the full article at: https://www.stuff.co.nz/timaru-herald/news/105854800/pleasant-point-hotel-will-not-be-put-into-liquidation

Nathan Khoury.

Nathan Khoury.

Photo: Supplied

A 20-year-old man found dead at his family’s farm on Melbourne’s northern outskirts was being hunted over significant gambling debts, sources say.

Nathan Khoury, of Brunswick, was found lying in dirt with a rifle nearby at a family property in Bulla, just before midday last Thursday.

Underworld sources told The Age Mr Khoury was being pursued over a six-figure gambling debt in the weeks before his death and that his suspected murder was meant to look like a suicide.

What I know for 100 per cent is that he owed a vast amount due to gambling and that weeks prior to his death he was calling everyone under the sun to lend him money, the source said.

He was desperate and knew something bad was on the brink.

Read the full article at: https://www.theage.com.au/national/victoria/mortician-found-dead-at-bulla-had-substantial-gambling-debt-20180730-p4zue4.html

Nathan Khoury.

Nathan Khoury.

Photo: Supplied

A 20-year-old man found dead at his family’s farm on Melbourne’s northern outskirts was being hunted over significant gambling debts, sources say.

Nathan Khoury, of Brunswick, was found lying in dirt with a rifle nearby at a family property in Bulla, just before midday last Thursday.

Underworld sources told The Age Mr Khoury was being pursued over a six-figure gambling debt in the weeks before his death and that his suspected murder was meant to look like a suicide.

What I know for 100 per cent is that he owed a vast amount due to gambling and that weeks prior to his death he was calling everyone under the sun to lend him money, the source said.

He was desperate and knew something bad was on the brink.

Read the full article at: https://www.smh.com.au/national/victoria/mortician-found-dead-at-bulla-had-substantial-gambling-debt-20180730-p4zue4.html

Telstra has revealed the departure of four senior leaders, and revealed a new leadership lineup as part of an organisational restructure in line with its Telstra2022 strategy flagged last month.

Exiting senior Telstra staff are chief financial officer Warwick Bray, technology innovation and strategy group executive Stephen Elop, wholesale group executive Will Irving and chief marketing officer Joe Pollard.

Telstra announced recent SBS chief executive and managing director Michael Ebeid would join the company to run its enterprise team on 8 October, while Brendon Riley will become chief executive of Telstra InfraCo, the infrastructure business to be spun out of the telco as announced in June.

Nikos Katinak…

Read the full article at: https://www.crn.com.au/news/telstra-leaders-exit-new-executive-team-unveiled-499253

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