Finance expert explains why a $10000 debt could kill your holiday – Daily Mail

By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 12:18 AEST, 9 July 2024 | Updated: 13:15 AEST, 9 July 2024 Aussies planning an overseas holiday may find they can’t leave Australia if they have unpaid debts of $10,000 or more, a leading pe… Read the full article at: https://www.dailymail.co.uk/news/money/article-13613887/Personal-finance-effie-zahos-debt-bankruptcy-kill-overseas-holiday.html

Melbourne pub fined for taking bets from boy, 16, with nearly $100000 in gambling debts – The Guardian Australia

A 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…

Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions | 14 March 2024 | Canberra – RSM Global

Breakfast Seminar | Event | Canberra This event will be held on Thursday, 14 March 2024. We are delighted to extend a special invitation to you for our upcoming seminar Insolvency Trends, Small Business Restructuring, Industry Pressures & Solutions focused on providing a comprehensive update on the insolvency market, small business restructuring, and addressing critical…

Australia: An Introduction to Restructuring/Insolvency – White & Case LLP

Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…

Small Business Restructuring Specialists – William Buck

What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…

Holistic vs piecemeal: the state of review of Australian corporate insolvency laws – Clayton Utz

It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…