Australian graduates living overseas have been warned moving away doesnt mean they can dodge their student loans, and the tax office intends to remind them. The Australian Taxation Office announced on Tuesday it would contact people with student debt who leave or are already overseas in the coming months. ATO assistant commissioner Karen Foat said…
German Tennis star Boris Becker won Wimbledon three times and has now gone bankrupt. It is because of a divorce battle and a financial dispute. The divorce issue is not like any battle on the tennis arena. His ex-wife, Lilly is a party to the proceedings and the one-time tennis great is facing bankruptcy. In…
Tuesday, July 9, 2019 On May 30, 2019, Dubais ruler, Sheikh Mohammed bin Rashid al-Maktoum, signedDIFC Insolvency Law, Law No. 1 of 2019(the New Insolvency Law) into law, thereby repealing and replacing DIFC Law No. 3 of 2009. The New Insolvency Law, and supporting regulations (the Regulations), became effective on June 13, 2019, and govern…
Turkeys parliament will consider a measure allowing companies to restructure or reduce large swathes of debt with banks, local media reported on Tuesday. The scheme will resemble the Istanbul Approach, the pro-government Sabah newspaper said. The three-year plan was introduced after Turkeys financial crisis in 2001 and helped thousands of large and small-scale enterprises avoid…
The boost in revenues helped deliver higher pre-tax profits of 3.5m, up from 2.3m in 2018. The results for the year to 30 April 2019 show continued growth for the company which has achieved compound annual growth in adjusted earnings per share of 14% over the past four years. The board is recommending an increase…
Wyoming is in crisis. Coal mines have shut down, hundreds of people are out of work, unemployment offices are overwhelmed, and there appears to be worse to come. The coal industry, long seen as a friend and economic linchpin in the state, is falling apart, and the very communities that have supported it most are…
SANTA ANA, Calif.–(BUSINESS WIRE)–Stearns Holdings, LLC (Stearns or the Company), the parent company of Stearns Lending, LLC, a leading provider of residential mortgage lending services in Wholesale, Retail and Strategic Alliances sectors, today announced that it has reached an agreement with its majority equity holder, funds affiliated with Blackstone (Blackstone, NYSE: BX), on the terms…
Deutsche Bank to cut 18,000 jobs Deutsche Bank has been the big story of the morning, as a new week starts to the news that the struggling German bank will cut a colossal 18,000 jobs in a bid to become profitable once again. Much of this can be attributed to the shift out of the…
CAMBRIDGE, Mass. A German company that is developing a lunar lander has filed for insolvency, citing a shortfall in funding, but vows to continue development of its spacecraft. Berlin-based PTScientists announced July 8 that it had filed for preliminary insolvency under the German Insolvency Code in a local court July 5. That court has appointed…
By Chris Robertson, news reporter German tennis legend Boris Becker is auctioning off items from his illustrious career to pay off the debts he owes after being declared bankrupt two years ago. The 82 items include trophies from his illustrious career, shoes and clothes that he wore on the court, and even a watch gifted…