Key Points Bankruptcy lasts for three years but the consequences can last much longer. Bankruptcy wont release you from all your debts. Always seek the advice of a financial counsellor. Bankruptcy is a legal process that helps you regain financial control by releasing you from most of your debts. It allows you to start fresh.…
DetailsBy David Jones Published: 02:28 AEST, 15 June 2024 | Updated: 17:45 AEST, 15 June 2024 Dismayed by the news that one of Britains greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side… Read the full article at: https://www.dailymail.co.uk/news/article-13530791/Bradley-Wiggins-homeless-cycling-gold-medals-Olympian.html
DetailsMy father was a compulsive gambler. I am a gambler, and I have occasionally used a credit card to find an online gambling account in Pennsylvania. State Sen. Wayne Fontana wants to prevent me or anyone else from doing that. He is right. The longtime suburban Pittsburgh lawmaker recently introduced Senate Bill 1159, intended to…
DetailsA 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…
DetailsLast week I scored a trifecta, managing to upset people in three ways. First, for my supposed anti-immigration stance, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
DetailsWith businesses collapsing at levels not seen since 2012, Grant Thornton Australias John McInerney suggested that the small business restructuring scheme could be a more favourable option than a payment plan. He made the comments ahead of his session at the ACE24 Accounting Conference and Expo 2024, where he will unpack how accountants can help…
Details– June 17, 2024 RS Public Company Limited or RS Group announced its newly adjusted business strategies and major organization restructuring to further strengthen existing businesses and extend to new opportunities for business growth. Three key strategies to advance the organization include: RESTRUCTURE: The executive team will be reorganized, while the successors, namely Mr. Chet and Mr. Chot Chetchotisak,…
DetailsBest Buy, the US equivalent of Australias JB Hi-Fi, has reportedly carried out another round of layoffs and job restructurings last week. The consumer electronics and appliance retailer cut some of its sales staff and reduced the pay for others, reported The Verge citing current and former employees. The layoffs appeared to have mostly targeted…
DetailsWhat 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…
DetailsIn short: Family violence perpetrators are burdening their partners with tax debts they cannot shake, sometimes leading to bankruptcy. A change in the federal budget means the tax office can defer chasing debts in certain circumstances. What’s next? Advocates want the ATO to adopt a model used overseas, in which debts are reassigned to perpetrators.…
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