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.
As we reach the midpoint of 2025, Australia's insolvency landscape remains challenging, shaped by persistent economic pressures, regulatory shifts, and
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Thailand’s cabinet on Tuesday approved debt relief measures for more borrowers, including those with only one day of overdue debt, Deputy Finance Minister Paopoom Rojanasakul said.
The measures, which fall under an existing programme, includes interest rate suspensions for debtors, he said in a statement.
As we reach the midpoint of 2025, Australia’s insolvency landscape remains challenging, shaped by persistent economic pressures, regulatory shifts, and global uncertainties. While some sectors exhibit resilience, others continue to grapple with financial distress. Looking ahead to 2026, cautious optimism prevails, tempered by a recognition that recovery will hinge on a range of domestic and international factors.
From an enforcement perspective, anecdotal and firm-level observations suggest that the ATO has become increasingly assertive. There has been a noticeable uptick in the issuance of director penalty notices, statutory demands, and winding-up petitions.
The parent company of the Lindsey Oil Refinery has entered liquidation, putting hundreds of jobs in jeopardy.
The refinery, located in Killingholme, employs around 440 people. In addition, hundreds more work for the Prax Group across 200 other sites, with their jobs now also under threat.
The development follows the company’s move to appoint administrators amid escalating losses at the refinery.
Unions are urging the government to step in to safeguard workers, secure oil supplies, and protect the local community.
Unite general secretary Sharon Graham said: “The Lindsey oil refinery is strategically important, and the government must intervene immediately to protect workers and fuel supplies. Unite has constantly…
Even more Americans are about to get unlimited breadsticks and bottomless salad.
Darden Restaurants, the parent company of Olive Garden, said it’s plotting at least 40 new restaurants across its ten brands in the next year.
That includes around 20 new Olive Gardens and up to 30 new LongHorn Steakhouse locations — at a time when many rivals are slashing menus, closing locations, or disappearing entirely.
The growth push comes after a surprisingly strong earnings report for Darden,…
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LONDON (June 30): Britain’s Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country’s reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil.
Lindsey is one of six remaining oil refineries in Britain, according to the US Energy Information Administration, and employs around 420 people, according to FTI Consulting, the refinery’s special manager through the insolvency process.
Lindsey, with the capacity to refine 113,000 barrels per day, according to the website of its owner Prax, has been placed under a winding-up order alongside Prax Storage Lindsey Ltd and Prax Terminals Killingholme Ltd, the government said on its insolvency…
On this episode of The Smart Property Investment Show, host Phil Tarrant marks a decade of guiding investors through market shifts, joined by the Mortgage & Finance Association of Australia CEO, Anja Pannek, to discuss the vital role of mortgage broking.
The discussion focuses on the vital role of mortgage brokers in Australia, particularly in the evolving property market, including challenges such as COVID-19 and shifts in mortgage regulation.
Mortgage brokers now handle nearly 77 per cent of loans, up from 50 per cent in 2010, thanks to their consumer-first approach and stringent regulation.
DENVER — This year, Americans racked up more credit card debt than ever before. A report from the Federal Reserve Bank of New York shows total credit card balances hit $1.21 trillion, which is record breaking.
Denver7 wanted to get some answers to help you avoid adding to that number. We asked Horizons North Credit Union CEO Brian Rush for his advice.
Q: When is a good time to use a credit card vs. not using one? A: It’s a good idea to use a credit card in order to build credit, earn rewards and also for security, especially with online purchases. Using a credit card for reoccurring expenses like groceries and school and fuel can help you earn rewards and track your spending, but you do want to be careful not to overspend and make sure…