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Third Sector Australia Limited, trading as Momentum Collective, has entered voluntary administration, putting the future of 5,000 clients – including 674 receiving Commonwealth Home Support Programme (CHSP) services – under a cloud. FTI Consulting was appointed administrator on 16 October 2025.
In a letter to staff, the administrators said services will continue on a business-as-usual basis while they urgently review options for a sale of operations and/or an orderly transition of participants and services to new providers.
John Park
FTI Consulting partner and voluntary administrator John…
If you’re eyeing the $80 trillion promise of the Great Wealth Transfer and wondering what it may do for your personal finances, you’re not the only one. Governments are asking themselves the same, according to UBS.
The eye-watering sums due to change hands via inheritance in the coming decades, changing the financial fortunes of millions of people. But it could also help rectify the fiscal trajectories of some of the world’s most advanced nations. Those funds, UBS says, could be used to balance the books for countries with high levels of unsustainable national debt.
Studies have found that over the next 20 to 30 years as much as $124 trillion will be passed down from older generations to their younger counterparts. The…
If you’re eyeing the $80 trillion promise of the Great Wealth Transfer and wondering what it may do for your personal finances, you’re not the only one. Governments are asking themselves the same, according to UBS.
The eye-watering sums due to change hands via inheritance in the coming decades, will change the financial fortunes of millions of people. But it could also help rectify the fiscal trajectories of some of the world’s most advanced nations. Those funds, UBS says, could be used to balance the books for countries with high levels of unsustainable national debt.
Studies have found that over the next 20 to 30 years as much as $124 trillion will be passed down from older generations to their younger counterparts….
New Jersey’s Medical Debt Relief Initiative Tops $1.3 Billion Forgiven for Over 780,000 New Jerseyans
TRENTON – Governor Phil Murphy today announced that in partnership with national nonprofit Undue Medical Debt (Undue), the Murphy Administration is delivering a fifth round of medical debt relief, impacting over 48,000 New Jersey residents who owed a combined $59 million in medical bills.
By leveraging approximately $500,000 in American Rescue Plan funds from the State’s investment in medical debt abolishment, Undue has purchased this debt from a mix of provider partners and the secondary market, such as collection agencies and debt buyers. Undue-branded letters to those impacted are expected to arrive in the mail in the…
The railway manufacturing sector in Hungary is on the brink as two major companies, Ganz-Mavag International (GMVI) and Dunakeszi Vehicle Repair Works, face court-ordered liquidation. While the Hungarian government may still intervene to save them — potentially meaning renationalisation — the risk of their assets being sold off has placed thousands of jobs in danger and Hungary’s rail industry in turmoil.
When it rains, it pours. And for Miami Heat guard Terry Rozier, 2023 brought a perfect storm of legal and financial troubles that would make anyone’s head spin. The same year he allegedly manipulated his performance in an NBA game as part of gambling schemes, Rozier was dealing with an $8 million tax lien from the Internal Revenue Service. That’s not just owing money—that’s owing enough money to buy multiple mansions.
The IRS filed the $8,218,211 federal income tax lien in Broward County, Florida, where Rozier owns a residence, back in November 2023. According to Florida tax attorney Steven N. Klitzner, the IRS only files liens after sending multiple past due notices to taxpayers. This wasn’t a surprise bill that showed…
The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company with a registered activity of manufacture of cocoa and chocolate confectionery.
The undertaking was received for eight years from Stephanie Fulton (35) of Edengrove Park, Ballynahinch, Co. Down, in respect of her conduct as director of Wee Choco C.I.C. (“the Company”).
The registered activity of the Company was manufacture of cocoa and chocolate confectionery with a registered office at 98F Carryduff Road, Temple, Lisburn, Antrim, BT27 6YL. The Company went into…
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CMI Limited has announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2024, during a board meeting authorized by the company’s Resolution Professional. The company, which is undergoing a corporate insolvency resolution process initiated by Canara Bank under the Insolvency and Bankruptcy Code, reported a net loss for the period, reflecting ongoing financial challenges. This announcement highlights the company’s current financial…
A federal judge ordered that the bankruptcy case filed by Dr. Phil McGraw’s Merit Street Media be converted to a Chapter 7 liquidation, saying that the Trump-backing celebrity TV psychologist showed a lack of candor by deleting incriminating text messages that revealed a scheme to pay “favored creditors.”
According to Bankruptcy Judge Scott Everett, “there is no hope for rehabilitation” for McGraw’s Chapter 11 bankruptcy filing, and Merit Street would therefore need to go into “liquidation mode” going forward. The change allows the court to sell off the assets of the failed TV network in order to repay companies what they claim is owed.
The ruling is the culmination of a months-long fight surrounding the cable network that…
