Horse trainer Mitchell Kerr sentenced after hiding information during bankruptcy proceedings – New Zealand Herald

Bankruptcy

Mitchell Kerr is back on home detention after his latest bout of offending. A disgraced former horse trainer gambled more than $2 million before filing for bankruptcy and collecting almost $10,000 in Government-backed wage subsidies. Today, former harness trainer Mitchell Paul Kerr was sentenced in Christchurch District Court after his conviction for providing misleading statements…

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Perth builder Collier Homes collapses amid Australia-wide pressure on home building industry – ABC News

Liquidation

In short: Perth builders Collier Homes was placed into liquidation earlier this week, after more than 60 years in operation. It is the latest in a series of building company collapses that have plagued the industry nationwide since the COVID pandemic. The WA government said it stood by its post-COVID stimulus packages that ‘turbo-charged’ the market.…

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HECS debts set for $1250 setback following fresh inflation figures – 9News

Debt Help

Higher-than-expected inflation figures released today aren’t just bad news for home- and business owners banking on an early interest rate cut; they’re concerning for the more than 2.9 million Australians with student debt. The consumer price index (CPI) determines how much HECS-HELP and all other student debt increase under the annual indexation that takes place…

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HECS-HELP debts are set to rise 4.7 per cent in June. Here's why Nellie's not paying extra this year – ABC News

Debt Help

The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year. It might pale in comparison to last year’s indexation rate of 7.1per cent, but it’s still the second-highest increase in a decade.  Nellie Malseed said she was “shocked” when she…

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Hecs/Help debt to rise by 4.8% from June, as indexation sees average loan rise by more than $1200 – The Guardian Australia

Debt Help

Millions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing debt spiral. Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March,…

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HECS indexation is expected to be 4.7 per cent. Check how much extra you could be paying with our calculator – ABC News

Debt Help

The financial year doesn’t end for another two months, but there’s a closer deadline many people with university debts are dreading: June 1.  On June 1, all unpaid HECS/HELP debts will automatically increase when indexation is applied.  If you’ve got a higher education debt, here’s what you need to know. But if you’re not familiar…

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Sad day: EV fast-charging company Tritium says it is insolvent, receivers to seek buyers – The Driven

Bankruptcy

The troubled Australian electric vehicle fast charging company Tritium is facing financial collapse after its directors declared it to be insolvent, calling in voluntary administrators while its lenders also appointed a receiver to take control of the assets and seek buyers. In a statement issued overnight to the Nasdaq stock exchange in New York, where…

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ARYZA appoints experienced insolvency practitioner – Insolvency News Online

Liquidation

Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…

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