Holy See: Wealthier nations can assist island nations through debt relief – Malaysian Christian News

Archbishop Gabriele Caccia, the Holy See’s Permanent Observer to the United Nations, urges the international community to help Small Island Developing States through concrete efforts, which can include debt relief and debt cancellation. Jul 11, 2024 UN Headquarters in New York (AFP or licensors) By Deborah Castellano Lubov“My Delegation calls upon all Member States to…

How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany

The involuntary bankruptcy threshold will lift from $10,000 to $20,000, Attorney-General Mark Dreyfus says, giving debtors more breathing room before their creditors can launch court action. On Monday, Attorney-General Dreyfus said the federal government will introduce a suite of reforms to the bankruptcy system, bringing it up to speed with the contemporary economic landscape. In…

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…

Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin

Australia will see a raft of reforms to the national bankruptcy system introduced so that debtors involved in personal insolvency matters receive fairer outcomes. On Monday, Attorney-General (A-G) Mark Dreyfus said key changes would lift the stigma associated with filing for bankruptcy. The changes include increasing the timeframe in which a debtor may respond to…

How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany

The involuntary bankruptcy threshold will lift from $10,000 to $20,000, Attorney-General Mark Dreyfus says, giving debtors more breathing room before their creditors can launch court action. On Monday, Attorney-General Dreyfus said the federal government will introduce a suite of reforms to the bankruptcy system, bringing it up to speed with the contemporary economic landscape. In…