Friday, December 18, 2020 Restructurings are ideally carried out early, quietly and quickly. Efficient tools for out-of-court restructurings play a decisive role in value preserving restructurings. The Coronavirus (COVID-19) pandemic has had a huge impact on the global economy and most businesses. Thousands of companies currently have urgent restructuring needs and every jurisdiction has responded…
article Dealing with serious credit card debt? You have options. (iStock) Having high amounts ofcredit card debtcan be daunting. And paying it all off? Thats even more difficult. Fortunately, there are a number of strategies that can help youtackle the problem, including some that may even save you on interest in the long run. First,…
Socialite Kate Waterhouse and her former rugby league player husband Luke Ricketson have emerged as the buyers behind one of Mosmans highest sales this year, splashing $17.8 million for a house fronting Balmoral Beach. It was an off-market purchase by the couple from rag trader Ling Zijian, more than three times the $5.3 million it…
Dealing with serious credit card debt? You have options. (iStock) Having high amounts of credit card debt can be daunting. And paying it all off? Thats even more difficult. Continue Reading Below Fortunately, there are a number of strategies that can help you tackle the problem, including some that may even save you on interest…
The new permanent $10,000 threshold will ensure that Australians in financial difficulty are not made bankrupt over relatively small amounts of debt, Mr Porter said in a statement on Friday. This also accounts for the changing value of money since the $5000 threshold was last increased in 2010, as well as changes to debt levels…
Gambling has been integrated as a common pastime in the UK, and based on the survey conducted by the website Beating Betting, 38.7% of online gamblers spend between 10 and 100 per month. This means that gambling has become among common monthly expenses and some bettors find themselves under financial pressures due to excessive gambling.…
Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…
A new report from the Australian Small Business and Family Enterprise Ombudsman has confirmed the resilience of small businesses in the face of challenging conditions. The report, released by Ombudsman Kate Carnell today, provides a statistical overview of small business performance in Australia, using data available from the Australian Bureau of Statistics (ABS) and other…
Indian gambling addict threw acid on his wife to punish her for her refusal to go to his gambling friends and pay his debt by being gang-raped, according to a media report. The brutal case of sexual exploitation took part in Bihar, a state which ranked 14th in 2019 with 2,300 cases of domestic violence…
Attorney-General Christian Porter today announced that Australias personal bankruptcy threshold will be set at $10,000. The threshold was temporarily lifted from $5,000 to $20,000 on March 24 of this year in response to the pandemic. The new threshold of $10,000 will be permanent, and comes into effect on January 1, 2021, when the temporary threshold…