Insolvency Guardian Media Centre
One of Australia’s largest disability employers has announced its “devastating” decision to put it’s multi-million dollar company into voluntary administration.
Bedford Group made the announcement on Thursday, confirming it may affect up to 1400 staff across South Australia.
WATCH ABOVE: Disability non-profit falls into voluntary administration.
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The group is the state’s second-biggest disability employer.
Bedford is a not-for-profit that has been operating in SA for more than 80 years, employing people with a disability to work across various industries, including manufacturing, landscaping, hospitality and cleaning.
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The state of Victoria’s financial woes is well documented.
In 2023-24, the state had the nation’s largest per capita net debt and the lowest credit rating (AA).
Per capita state debt was only $3,600 in Labor’s first budget in 2015. It has since climbed to $21,900 and is projected over the budget forward estimates to hit $25,500 by 2028-29.
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Victoria is currently paying $959 in annual interest costs per capita. By 2028-29, Victoria’s interest bill is projected to hit $1,391 per capita.
The two top international rating agencies, S&P and Moody’s, have warned that if debt levels are not rectified, Victoria’s credit rating may be further lowered.
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Further downgrades appear unavoidable, given that the Victorian…
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Stock Market Jitters: Reliance Power, Infra Hit Lower Circuits After ED Raids Deccan Herald
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Tips to help break the credit card debt cycle KTRE
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The Enforcement Directorate on Thursday conducted simultaneous raids in connection with an alleged money laundering case involving bank loan fraud worth Rs 3,000 crore against Reliance Group chairman Anil Ambani‘s companies, according to a PTI report.Officials stated that searches are being executed at over 35 locations in Mumbai, covering 50 companies and 25 individuals under the Prevention of Money Laundering Act (PMLA).A Delhi-based ED unit is spearheading the investigation. According to ED sources quoted in the report, they are investigating alleged improper diversion of approximately Rs 3,000 crore in…
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Tips to help break the credit card debt cycle WDTV 5
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(InvestigateTV) — Credit card debt is a tough cycle to break, and a recent survey found many people are feeling like they’re falling further behind.
“It’s something that is kind of plaguing most Americans. It’s definitely not going away any time soon,” WalletHub Managing Editor John Kiernan said.
Kiernan said he’s heard countless stories from people struggling to keep up with rising credit card interest rates. And the numbers bear this out.
An April survey by WalletHub found that nearly 1 in 3 Americans expect to end the year with even more credit card debt.
It also found that half of Americans are concerned that tariffs could make their credit card debt worse and that 46 percent don’t have a plan to pay down their debt.
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Debt relief is on the way for Uni students across the region with legislation tabled in parliament to reduce HECS debts, easing the burden for thousands of Australians.
The Universities Accord Bill 2025 will student debt cut by 20% and will make the loan repayment system fairer by by increasing the amount people can earn before they are required to start repaying their loan and making the size of their compulsory repayments smaller.
Member for Corragamite Libby Coker said the move will ease the cost of living pressures of many students.
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“On average, it means that the debt of 27,600 will be cut by $5,500,” she said.
“I’m really proud…
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Charity wipes out $429 million in medical debt with governor’s help paysonroundup.com
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Michelle Dickinson.
Photo: RNZ
Nanogirl Labs Ltd owes Inland Revenue more than $260,000 and is unlikely to be able to pay any of its unsecured creditors, its liquidators say.
The company – founded by Michelle Dickinson and her husband Joe Davis – was placed into liquidation last November.
Dickinson told RNZ at the time that a tough business environment was behind the decision.
Government funding had also been cut.
It had provided science live shows, education and STEM kits to children for eight years.
Dickinson told Nine to Noon last November that revenue sources had “dried up”.
The biggest set back was the cut to MBIE’s $1.6 million Curious Minds funding, which supported community science programmes.
Nanogirl also…
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Melbourne-based Total Print Management Pty Ltd, formerly trading as Commerce Press, has entered into liquidation after its business assets were acquired by Hornet Press earlier this year.
Tim Brace of SV Partners was appointed liquidator on 4 June 2025, following a resolution by the company’s members.
Established in 1993, the company operated a printing and merchandise services business in Tullamarine, Victoria. It also acted as the trustee for the Total Print Management Unit Trust. The company’s director is Peter Walsh.
In an Initial Notice to Creditors issued in June 2025, the director cited a decline in company revenue as the primary reason for the business’ failure, resulting in an inability to pay…