CHITRAL: No country would like the name of financial default let alone practically going into bankruptcy. In Pakistan we have been hearing the words bankruptcy and default for quite some time. Then we suddenly hear that the IMF is giving further loan to avert the immediate threat and resultantly a buoyant and victorious mood sets…
DetailsEvery year on June 1, student debt in Australia is indexed to inflation. In 2023, high inflation pushed the indexation rate to 7.1%, the highest since 1990. This year, if there is no policy change, student debt balances will be increased by 4.7%. After sustained community pressure to change the way debts are indexed, the…
DetailsNormal text sizeLarger text sizeVery large text size A total of $3 billion will be wiped off millions of Australians student debts for tertiary education in an Albanese government pitch to younger voters punished by years of rising rents and consumer prices. Facing Greens and crossbench blowback on its agenda to help financially insecure Millennials,…
Details3 min read Last Updated : May 04 2024 | 6:09 PM IST Amid several bottlenecks, the Insolvency Bankruptcy Board of India (IBBI) declared 2023-24 as a landmark year, with the National Company Law Tribunal achieving a significant 43 per cent increase in resolutions, jumping from 189 cases last year to 270 this year. The…
DetailsJoin the most important conversation in crypto and web3! Secure your seat today Belgian cryptocurrency lending platform Bit4You has suspended its operations after one of its service providers, CoinLoan, was declared insolvent by a court in Estonia. Bit4You learned of CoinLoan’s insolvency on April 24, and that it no longer has necessary registration as a…
DetailsCorporate Restructuring Service Market 2024-2032 : Segmented by Type, Application, End User, and Region – Competitive Index and Regional Footprints by Infinity Business Insights A new study report has been launched by Infinity Business Insight, focusing on Corporate Restructuring Service market intelligence until 2032. Visually appealing tables and graphs, which are easy to see, complement this…
DetailsIn short: Administrators for Bonza Aviation say they are “not in a position to process or issue refunds at this time”. They say the company’s aircraft have been grounded until Thursday. What’s next? The government says Qantas, Jetstar, and Virgin said they would bring stranded passengers home. Bonza’s aircraft fleet is grounded until at least…
DetailsMay 1, 2024 5.49pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Bonzas administrator Hall Chadwick said neither it nor the company is in a position to provide refunds to Bonza passengers, after the airline entered voluntary administration on Tuesday. Bonzas…
DetailsOnce known for his unassailable status in the New York Mafia, 86-year-old Anthony Rom Romanello, finds himself stepping into prison bars this week. The reputed capo has been sentenced to two years incarceration for pressuring a Manhattan restaurant owner over an outstanding gambling debt. Unapologetically, his lawyer notes Romanello has no regrets about physically lashing…
DetailsTransport Workers’ Union (TWU) national assistant secretary Emily McMillan labelled the move to not pay workers “disgraceful.” “The shock of Bonza falling into administration has barely subsided and workers are being forced to enter Centrelink queues,” she said. Bonza received default notices two weeks before it cancelled all flights without notice and went into voluntary…
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