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.
I had the pleasure of attending the Government’s technology and innovation roundtable in Sydney today as part of a series of events leading up to the Treasurer’s economic reform roundtable later this month. It was a constructive and insightful discussion, led by Minister
Tim Ayres
The Australian Taxation Office has accused embattled pub baron Jon Adgemis of leading an extravagant lifestyle at the expense of his creditors and torn apart his proposed deal to avoid bankruptcy.
The Australian Financial Security Authority also raised major issues with Adgemis’ deal, intervening in a meeting of creditors on Friday, held by the trustees managing his affairs. It said the trustee’s investigations into his finances had been inadequate.
A major shake-up to student loan repayments is set to provide financial relief for more than three million Australians, including many in the Goulburn Valley.
The federal opposition has confirmed it will back Labor’s proposed 20 per cent HECS debt reduction, with the legislation introduced last week.
The change could shave an average of $5500 off student loan balances and raise the minimum repayment income threshold.
Financial counsellors are calling on the tax office to give small businesses and individuals more time to pay tax debts, as the level of money owed sees calls to the debt helplines hit unprecedented levels.
But the ATO’s increased use of its extraordinary powers to recoup tax debts is sending more small businesses under, and putting people into severe financial hardship.
“We’ve seen increased activity across that full spectrum of debt collection methods,” Australia’s Tax Ombudsman Ruth Owen said.
The Supreme Court on Thursday recalled its recent order that set aside a Rs 19,700 crore resolution plan submitted by JSW Steel Limited for Bhushan Power and Steel Limited (BPSL) and ordered liquidation of the beleaguered company.
“Prima facie we are of the view that the impugned judgment does not correctly consider the legal position as has been laid down in catena of judgments,” a Bench of Chief Justice of India BR Gavai and Justice Satish Chandra Sharma said about the May 2 judgment authored by Justice Bela M Trivedi (since retired).
“We, therefore, think that this is a fit case wherein the judgment under review needs to be recalled and the matter needs to be considered afresh. So, needless to say that while we are allowing the…
Young man commits suicide in Abuja over ₦507,500 gambling debts
By: Zagazola Makama
A young man identified as Stephen Chidubem was on Wednesday confirmed dead after allegedly taking his own life at his residence on Abba Street, behind the Anglican Church in Saburi 2, Abuja.
Zagazola Makama learnt that Chidubem hung himself using a rope tied to a ceiling fan.
Emergency responders arrived at the scene and evacuated the body to Kubwa General Hospital, where he was confirmed dead by a medical doctor….
Bowen Coking Coal Limited (ASX:BCB), along with its subsidiaries Bowen PCI Pty Ltd and New Lenton Coal Pty Ltd, have entered receivership. Bowen Coking Coal is an Australian company focused on developing coking coal projects. The company’s portfolio includes a range of assets and strategic initiatives aimed at capitalising on the growing demand for high-quality coking coal.
On July 31, 2025, Ben Campbell, John Park, and Joanne Dunn of FTI Consulting were appointed as Receivers and Managers of the aforementioned entities, pursuant to security interests in favour of Global Loan Agency Services Australia Nominees Pty Limited. This appointment follows the placement of the Companies, Coking Coal One Pty Ltd, Lenton Management and…
