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.
THOUSANDS of university students and graduates had to start paying back their debts sooner than expected on July 1 and the rules might change again if a bill passes the Senate.
With the new financial year having begun, anybody earning $52,000 or more a year will have to start paying off their student debts referred to as the Higher Education Loan Program (HELP), which replaced the Higher Education Contribution Scheme (HECS).
The Federal Government has, however, announced its intention to lower the repayment threshold to $44,999.
The bill allowing that change was meant to be passed by the Senate, but has since been delayed until August.
Because the bill didnt pass before the start of the new financial year, the further reduction in the th…
Read the full article at: https://www.dailyliberal.com.au/story/5521065/paying-back-starts-earlier-for-students-after-debt-change/?cs=112
Shutterstock
Personal loans are the now the fastest growing consumer debt category, according to new data from credit bureau TransUnion.
Outstanding personal loan balances now stand at $120 billion.
Here what you need to know and what it means for you.
What Is A Personal Loan?
A personal loan is an unsecured loan typically from $1,000 – $100,000 with fixed or variable interest rates that can be used to make a large purchase or to consolidate debt.
Borrowers can use personal loans for credit card debt consolidation, home improvements, medical bills and other major life expenses.
What Has Fueled This Growth?
1. Online lenders
The surge in fintech ventures and corresponding venture f…
Read the full article at: https://www.forbes.com/sites/zackfriedman/2018/07/11/personal-loans-consumer-debt/
THOUSANDS of university students and graduates had to start paying back their debts sooner than expected on July 1 and the rules might change again if a bill passes the Senate.
With the new financial year having begun, anybody earning $52,000 or more a year will have to start paying off their student debts referred to as the Higher Education Loan Program (HELP), which replaced the Higher Education Contribution Scheme (HECS).
The Federal Government has, however, announced its intention to lower the repayment threshold to $44,999.
The bill allowing that change was meant to be passed by the Senate, but has since been delayed until August.
Because the bill didnt pass before the start of the new financial year, the further reduction in the th…
Read the full article at: https://www.irrigator.com.au/story/5520880/paying-back-starts-earlier-for-students-after-debt-change/
iStock / dra_schwartz
Your WIRED daily briefing. Today, drug treatments to kill damaged cells can increase the health and lifespans of mice, the Information Commissioner’s Office has fined Facebook and will begin criminal proceedings over the Cambridge Analytica data syphoning scandal, Tesla has announced its first Chinese factory and more.
Get WIRED’s daily briefing in your inbox. Sign up here
A new study has found that the signs and symptoms of aging in mice can be reduced if senescent cells those that have become damaged over time an…
Read the full article at: http://www.wired.co.uk/article/wired-awake-110718
THOUSANDS of university students and graduates had to start paying back their debts sooner than expected on July 1 and the rules might change again if a bill passes the Senate.
With the new financial year having begun, anybody earning $52,000 or more a year will have to start paying off their student debts referred to as the Higher Education Loan Program (HELP), which replaced the Higher Education Contribution Scheme (HECS).
The Federal Government has, however, announced its intention to lower the repayment threshold to $44,999.
The bill allowing that change was meant to be passed by the Senate, but has since been delayed until August.
Because the bill didnt pass before the start of the new financial year, the further reduction in the th…
Read the full article at: https://www.irrigator.com.au/story/5520880/paying-back-starts-earlier-for-students-after-debt-change/?cs=7
On July 1, thousands of university students and graduates had to start paying up their debts sooner than what was expected and they could have to pay back even sooner if a bill passes the Senate.
Now in the new financial year, anybody earning $52,000 or more a year will have to start paying off their student debts referred to Higher Education Loan Program (HELP), which replaced Higher Education Contribution Scheme (HECS)
However, the federal government announced their intentions to lower the repayment threshold to $44,999 in the budget.
The bill allowing that change was meant to be passed by the Senate but has since been delayed until August.
However, because the bill hasnt passed before the start of the new financial year, the further r…
Read the full article at: https://www.centralwesterndaily.com.au/story/5517862/paying-back-the-university-debt-starts-earlier/
Lucy Winterborne and Alistair Wardell of law firm Grant Thornton UK were appointed joint administrators of the Cornish pasty producer.
According to Grant Thornton, Crantock entered insolvency after failed attempts to sell the business in recent weeks.
Despite the best efforts of management, cash has deteriorated rapidly leaving the directors with no choice but to close the business, said Grant Thornton.
Employees made redundant
Regrettably, it has not been possible to continue to trade the business in administration and so 109 employees are being made redundant. Ten employees have been retained to assist with the close down of the business and the sale of stock.
Crantock called staff into its site in Indian Queens, Newquay at 6am yesterday mo…
Read the full article at: https://www.foodmanufacture.co.uk/Article/2018/07/10/Insolvent-pasty-company-axes-109-jobs
Ricoh India Limited is hereby submitting to your good Office a Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. This is regarding Expression of Interest published in Mint Newspaper of 9th July 2018 Edition. The disclosure so being submitted to you also contains as an Annexure the `Expression of Interest
Pdf Link:
Ricoh India Ltd. – Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ricoh-india-ltd-corporate-insolvency-resolution-process-cirp-invitation-of-resolution-plan/article24379548.ece
New Delhi: Patanjali Ayurved will not back out from the race to acquire bankruptcy-bound Ruchi Soya and explore all options, including legal, to clinch the deal, its Managing Director Acharya Balkrishna said on Tuesday.
Adani Wilmar, which sells cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya.
Adani has emerged as the highest bidder (H1) with an offer of about Rs 6,000 crore, while Patanjali’s bid was worth around Rs 5,700 crore.
After Adani Wilmar emerged as H1, Patanjali Ayurved sought clarification from the RP (resolution professional) of Ruchi Soya related to eligibility of Adani Group to participate in the bidding process. It also soug…
Read the full article at: https://www.firstpost.com/business/ruchi-soya-insolvency-baba-ramdev-patanjali-wont-back-out-from-race-to-acquire-debt-laden-company-says-acharya-balkrishna-4709271.html
Charlie Flanagan
The number of new applications for insolvency solutions through the Insolvency Service of Ireland (ISI) increased by 39 per cent in 2017.
The figure is contained in the ISIs latest annual report, which Justice Minister Charlie Flanagan laid before the Oireachtas yesterday.
Speaking afterwards, Mr Flanagan thanked Lorcan OConnor, director of the ISI, and his staff for their dedicated work in helping debtors return to solvency in Ireland.
In 2017, 118 family homes were transferred back into the ownership of former bankrupts, the ISIs report reveals.
He continued: I am heartened by the positive outcomes of this work and, in particular, the fact that debtors have been enabled to stay in their homes in over 90…
Read the full article at: https://www.irishlegal.com/13250/number-of-applications-for-insolvency-solutions-up-39-per-cent/
3/5 stars
Chinese filmmaker Han Yan has made an admirably earnest adaptation of Nobuyuki Fukumotos manga and anime series Gambling Apocalypse Kaiji, with its profoundly silly premise. The director once again shows his aptitude for inserting wildly incongruent fantasy sequences into a story, having earlier put a couple of zombie attacks into the romcom Go Away Mr. Tumour (2015).
The fantasy action scenes in Animal World arrive in the shape of the monster-slaying daydreams of young man Zheng Kaisi (Li Yifeng), whose periodic escapes into his violent, cartoon-inspired subconscious may well stem from a traumatic episode from his childhood more on that in the deliberately flagged sequel.
Stuck in a low-end job at a…
Read the full article at: https://www.scmp.com/culture/film-tv/article/2154661/animal-world-film-review-li-yifeng-michael-douglas-chinese-gambling
THOUSANDS of university students and graduates had to start paying back their debts sooner than expected on July 1 and the rules might change again if a bill passes the Senate.
With the new financial year having begun, anybody earning $52,000 or more a year will have to start paying off their student debts referred to as the Higher Education Loan Program (HELP), which replaced the Higher Education Contribution Scheme (HECS).
The Federal Government has, however, announced its intention to lower the repayment threshold to $44,999.
The bill allowing that change was meant to be passed by the Senate, but has since been delayed until August.
Because the bill didnt pass before the start of the new financial year, the further reduction in the th…
Read the full article at: http://www.westernadvocate.com.au/story/5509762/paying-back-starts-earlier-for-students-after-debt-change/