Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data. The Australian Financial Security Authority (AFSA) has reported that there were 7,578 new personal insolvencies in the December quarter up 7.4 per cent on the previous year. Breaking down the numbers, those 7,578 insolvencies included: 4,029…
A director of a company that took advantage of men suffering sexual dysfunction has been declared bankrupt after failing to pay the consumer watchdog’s legal costs. Jacov Vaisman is the former director of the Advanced Medical Institute (AMI) and NRM, the company that bought AMI and continued to operate the business. The Australian Competition and…
ET Intelligence Group: The business restructuring undertaken by KPIT Technologies offers value unlocking opportunity for investors. The Pune-based mid-tier software and engineering services company plans to merge its existing operations with BirlaSoft, an unlisted software company promoted by the CK Birla Group. The merged entity will then be split into two separate publicly listed entities.…
More than 2,100 students in the Francis Howell School District together owe almost $19,000 in their school lunch accounts. In the Rockwood School District, students owe about $8,800, but that number climbed as high as $13,000 during the holidays, said Carmen Fischer, director of child nutrition services for the district. Sensitive to the possibility that…