Insolvency Guardian Media Centre
This was co-authored by Lee-Oz Lifschitz.
Insolvency practitioners and trust creditors should take note of the recent decision of the High Court of Australia in Naaman v Jaken Properties Australia Pty Limited [2025] HCA 1 (Naaman). The central question in this case was whether a successor trustee owed a fiduciary duty to its predecessor in respect to its right of indemnity and corresponding beneficial interest in the trust assets. By a 4:3 majority (Gageler CJ, Gleeson, Jagot and Beech-Jones JJ), the High Court’s response was “no”. Given the increasing use of trading trusts in Australia and invariably, the liquidation of some of them, we distil in this article the practical implications of this decision for liquidators…
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“We are of the considered view that the withdrawal does not deserve to be allowed,” an NCLT Mumbai division bench of judicial member Saji Kumar and technical member Anil Raj Chellan said in its order dated August 13. “The applicant/IRP is directed to constitute the committee of creditors (CoC) forthwith and…
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(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…
Read the original article here
(InvestigateTV) — Debt consolidation can be a powerful tool to help simplify your finances – combining multiple debts into a single payment, often at a lower interest rate.
Cherry Dale, the vice president of financial education at Virginia Credit Union, said debtors should create a plan, because debt consolidation only works if people are not going to open up new lines of credit and take on more debt.
She said unsecured debt is the best place to start.
“So, things like credit card debt,” she said. “Number one, if you have other types of debt, like buy now, pay later debt, it’s becoming much more common. That unsecured debt is something you want to look at. It’s probably got the highest interest rate attached to it.”
Dale…