Insolvency Guardian Media Centre
The Albanese government’s promise to cut HECS-HELP debt will help get more people into homes sooner.
As part of its election promises, the Labor government has cut all HECS-HELP student debt by 20 per cent.
This totals around $16 billion in debt for more than three million Australians.
The relief will help students pay off their debts sooner and better qualify for a loan, assisting more young Aussies into home ownership.
On top of these changes are the recent removal of $3 billion worth of debt through the government’s changes to cap the indexation applied to student loans to the lower of the Wage Price Index or the Consumer Price Index. This means that indexation will never be higher than the…
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The number of UK construction companies in ‘significant’ distress has risen 13.9% from Q2 2024, while the number in ‘critical’ distress has increased 15.8% to 6,999, according to Begbies Traynor.
The corporate recovery specialist has produced its quarterly Red Flag Alert reports on British corporate health for almost two decades.
In the second quarter of 2025 there were 102,285 UK construction companies in ‘significant’ distress, meaning that they are struggling to meet their financial obligations. This is 13.9% more than in Q2 2024.
The number of UK construction companies in ‘critical’ distress, a more severe category indicating potential insolvency, was 6,999 – an increase of 15.8% on a year before.
Sectors of…
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A meltdown in Mānuka honey processing is continuing through winter with the recent liquidation and receivership of two major operators adding to a roll call of casualties in the sector’s premium honey product market.
In late July King Honey Limited and King Honey Holdings were placed into liquidation and receivership.
The closures came as King’s NZX-listed parent company Me Today – which acquired the company for $36 million in 2021 – failed to make a profit for the fifth consecutive year since listing.
The liquidation puts the company’s 70-plus staff out of work and its 18,000 hive operation across the North Island and upper South Island wound down. About 440 tonnes of…
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A group offering debt advice to individuals and households in Newton Abbot has received £300,000 National Lottery funding to continue its support service.
The debt advice sessions – which started in 2020 when a need for support was identified – are run by Newton Abbot CIC and Buckland Support and they are held at The Buckland Centre in the town.
Yvonne Cogavin, coordinator for Buckland Support, said the money would keep them going for the next five years.
“There’s still a lot of work that needs to be done, a lot of people that need to be helped and it enables us to look at what need is out there, set up more groups and…
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The future of cult Italian joint 1800 Lasagne now remains unknown after owners shared a “heartfelt message” informing customers it had appointed liquidators.
“We are working closely with the administration team to streamline and re-structure our model to ensure we take the best steps while moving forward,” the owners said in a post on Instagram.
“Our loyal suppliers and our beloved staff are and will continue to be our highest priority through this process.
“1800 Lasagne has always been about people, passion and plates of love – and that hasn’t changed.”
The owners…
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Melbourne restaurant 1800 Lasagne has entered voluntary administration, with external administrators appointed on July 30.
The business was founded by Joey Kellock during Melbourne’s 2020 COVID-19 lockdowns as a pasta and wine delivery service.
Initially operating from his home kitchen, Kellock delivered lasagne trays across the city’s inner north, gaining attention through the brand’s retro design and hotline-style phone number.
Later that year, 1800 Lasagne opened a bricks-and-mortar venue on High Street in Thornbury.
The restaurant offers a small-format menu focused on lasagne, wine, and cocktails, and developed a strong local following. In 2023, the restaurant received a chef’s hat in The Age Good Food…
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Kendrick Perkins Reveals What Happens If You Don’t Repay Your Debt To The Casino originally appeared on Fadeaway World.
In light of Marcus Morris’ arrest over fraud charges related to unpaid debts, Kendrick Perkins shared his own experience with casinos on the Road Trippin’ podcast. Perkins gave some fascinating insight into the inner workings as he explained how the system works.
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“So let me say this as a guy that used to be a big-time gambler at casinos like four or five years ago,” Perkins said. “I actually had an addiction in gambling. I actually went up to the casino and signed myself that I would never gamble again. Not that they made me, I did it.
“I was a blackjack type of guy,” Perkins continued. “And what happens with…