Jul 12, 2023 Committee chair Deborah O’Neill says she hopes the report will provide the foundation for reform. -AAP Image Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and…
Australias corporate and personal insolvency laws should face a comprehensive review, and improvements to small business restructuring pathways should be investigated as a priority, according to a massive report on the nations insolvency regime. The Parliamentary Joint Committee on Corporations and Financial Services tabled its long-awaited report on Wednesday afternoon, nearly nine months after endeavouring…
The insolvency industry has warmly welcomed a parliamentary report recommending sweeping changes to simplify corporate insolvency law and make it more efficient. The Australian Restructuring, Insolvency & Turnaround Association (ARITA) said the report echoes most of its recommendations, especially on bringing personal and corporate regimes together and addressing unfairness in the system. We are delighted…
Jirsch Sutherlands Western Australian division, WA Insolvency Solutions (WAIS), has promoted a former graduate who started with the firm in 2002 to partner. The promotion of Greg Prout comes after he joined the firm with a commerce degree in November 2002 to work his way up to be one of the few insolvency practitioners in…
Debt consolidation often saves you money by giving you lower interest rates on your current debt.JuFagundes/Getty JUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. What is debt consolidation? Does debt consolidation hurt your credit? How can debt consolidation raise your credit score? What is…
UNCTAD and its partners help equip the African nation with the tools and knowledge to better manage its public debt and enhance transparency. Shutterstock/Janusz Pienkowski | Banknotes of the Ouguiya, Mauritanias official currency. A recently concluded UNCTAD project has helped Mauritania improve its public debt management. Implemented as part of UNCTADs Debt Management and Financial…
Farmers Insurance will end coverage in Florida, a move that will affect about 100,000 existing policies and represents the latest retreat by insurance companies reluctant to cover Americans living in disaster-prone areas. As more natural catastrophes become billion-dollar disasters and construction costs soar, some insurers have begun limiting coverage or suspending new policies in states…
AMMAN One of the major commercial centers, a hypermarket“, whose branches are spread in several governorates in the Kingdom, as well as 11 other companies, have submitted an application to declare insolvency to the relevant court, according to the general controller of the Companies Control Department, Wael Al-Armouti. The companies include a major cement manufacturing…
SAO PAULO, July 12 (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as it moves forward with a broader restructuring plan. Azul, Brazil’s largest airline in number of flights and cities served, said in a statement…
/ The company has entered a so-called suspension of payment proceeding with a court-assigned administrator helping to lead the company out of debt. All options are on the table. a:hover]:text-black [&a:hover]:shadow-underline-black dark:[&a:hover]:text-gray-e9 dark:[&a:hover]:shadow-underline-gray-63 [&a]:shadow-underline-gray-13 dark:[&a]:shadow-underline-gray-63″The VanMoof S4 e-bike, which you could still buy up until two weeks ago.