Track record of insolvency implications for licensing A recent decision of the Tribunal, affirming a licensing decision under the Home Building Act 1989 (HB Act) of the regulator to refuse an application to renew a qualified supervisor certificate, reveals the keen focus of the regulator on using its licensing powers to clean up the industry.…
Many Australians have been left stranded at airports across the country after budget airline Bonza “temporarily” suspended all flights on Tuesday. The company entered voluntary administration within hours of the cancellations, and the administrators have since confirmed the fleet will remain grounded until Thursday, May 2. Here’s what we know so far. First up, what is…
The question of how connected the Ippei Mizuhara, Scott Sibella and Wayne Nix illegal gambling cases are was answered Tuesday (30 April). Mizuhara’s gambling debt payments were washed through the Resorts World Las Vegas and Pechanga casinos by an illegal bookmaker in the Nix gambling ring, directly linking the three cases. ESPNs Tisha Thompson connected…
Today’s Fed decision means credit card interest rates and minimum payments may remain elevated. Getty Images The Federal Reserve’s Federal Open Market Committee (FOMC) meeting concluded earlier today. And, the Fed announced that it will be keeping its target federal funds rate unchanged. That means that this benchmark rate will remain elevated at a 23-year high. That’s…
Last year we presented on the falling away of COVID measures for businesses, and the introduction of new and updated legislation for rescue processes across Europe. One year we are seeing steep rises in inflation, and in the UK we have just recorded negative growth in Q3 which means the UK is already in recession, and…
Budget airline Bonza has entered voluntary administration after it left hundreds of travellers stranded at major airports across the country. On Tuesday morning, Bonza passengers departing the Sunshine Coast, Gold Coast, Melbourne and Avalon arrived to find their flights cancelled. Bonza CEO Tim Jordan said the move was “temporary” and discussions were “underway regarding the…
Israeli insurtech company Sproutt has declared insolvency less than three years after raising funding at a $200 million valuation. Last week, Sproutt submitted a request to the District Court in Tel Aviv to initiate proceedings due to its insolvency and its inability to pay a $2.2 million debt to Bank Leumi. Sproutt, established in October…
Century Support Services is a debt settlement company based in Pennsylvania. The Better Business Bureau accredited it with an A+ rating. It offers free assessments so that consumers can see if the solution will work for their needs. They boast a 94% customer satisfaction rating. Century Support Services makes our list of the best debt…
LONDON — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done all that he reasonably could do to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief Insolvency…
Low-cost Australian airline Bonza has entered voluntary administration after just over 12 months in the air. On Tuesday morning, Bonza abruptly temporarily suspended all its services as discussions are currently underway regarding the ongoing viability of the business. The airline, which commenced official operations on January 31, 2023, describes itself as Australias new and only…