Key disability provider goes under. Is COVID to blame or government neglect? – Crikey

Liquidation

Disability Services Australia is headed into voluntary administration, leaving questions about how much the disability support sector can take in the pandemic. (Image: Adobe) One of Australias largest disability service providers, Disability Services Australia (DSA), has gone into voluntary administration following financial constraints compounded by COVID-19. National Disability Insurance Scheme (NDIS) participants and support companies…

Vijay Mallya files for permission to appeal against bankruptcy in UK high court – Times of India

Bankruptcy

LONDON: Fugitive Indian businessman Vijay Mallya has filed papers in the UK high court seeking permission to appeal against his bankruptcy order.Mallya (65) was declared bankrupt by the insolvency and companies court (ICC) of the high court on July 26 this year. His name is now listed in the individual insolvency register.A spokesman for the…

What are the alternatives to Government help for businesses affected by COVID? – Open Access Government

Restructuring

Volodymyr Melnyk Edward Wade, Content Author and Technical SEO at Wilson Field, explores some of the alternative initiatives businesses can use to help themselves through tough times Despite all the help from the government over the course of the Coronavirus pandemic, for some businesses, there is still quite a bleak picture. After restrictions were lifted,…

Brex Launches Brex Venture Debt to Help Existing Customers Scale – Business Wire

Debt Help

SAN FRANCISCO–(BUSINESS WIRE)–U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today launched Brex Venture Debt, a new product that gives select customers access to debt financing. Brex already offers credit cards, cash management accounts, spend management, and bill pay software together in a single dashboard for its customer base of high-growth businesses.…

Intelsat Achieves Support of Nearly 75% of Funded Debt on Comprehensive Financial Restructuring – Business Wire

Restructuring

MCLEAN, Va.–(BUSINESS WIRE)–Intelsat S.A. (OTC: INTEQ), operator of the worlds largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive financial restructuring that would reduce the Companys debt by more than half from nearly…