RSM in Canberra partner Frank Lopilato with Adam Cormack, a senior manager who has become one of three registered liquidators at RSM Canberra. Photo: Ben Calvert. If you have Grim Reaper notions of the role of a liquidator, chances are you havent met Adam Cormack. Anecdotally, I think theres a common misconception that liquidators only…
DetailsThe Association for Business Restructuring & Turnaround launches this week with the goal of accrediting specialists in company turnaround and setting professional standards. ABRT founder Eddie Griffith said the body would aim to address problems identified by the parliamentary insolvency inquiry and had sprung out of conversations between like-minded specialists. We came up with the…
DetailsDid you get a tax bill last financial year? That could partly be due to the end of the low- and middle-income tax offset as of last year. Depending on what industry you’re in and the benefits your employer offers, there might be a way to reduce your debt in future tax returns. It’s called…
DetailsSHANGHAI, Sept 10 (Reuters) – China’s Alibaba Group (9988.HK) on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO and chairman to focus on the cloud unit. Zhang had previously been concurrently serving…
DetailsG20 world leaders have committed to redouble efforts to resolve ongoing debt distress caseslike Ghana and Sri Lanka, the US White House said in a statement. The White House statement said that US President Joe Biden called on the G20 which met in India, as leaders in the global economy to provide meaningful debt relief…
DetailsBy: Biswajit Dhar, He is a former professor of economics, Jawaharlal Nehru University and also a Distinguished Professor at Council for Social Development, New Delhi. The Indian Prime Minister says a G20 strategy has driven global debt restructuring since his country assumed leadership. That’s not the full picture. Indian Prime Minister Narendra Modi, who is…
DetailsThe U.S. national debt is sitting at nearly $33 trillion dollars. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. “Debt has many useful purposes,” said Kris Mitchener, professor of economics at the Leavey School of…
DetailsSep 2, 2023 Attorney-General Mark Dreyfus says bankruptcy laws should serve debtors, while protecting creditors. -AAP Image The time allowed for a debtor to respond to a bankruptcy notice could be raised under reforms being considered by the federal government. Attorney-General Mark Dreyfus is seeking to overhaul the Bankruptcy Act, releasing a discussion paper outlining…
DetailsDir: Jessica Yu. US. 2023. 99mins Awkwafina plays a meek young woman whose only happiness comes from watching her favourite game show in director Jessica Yus fitfully amusing new comedy, Quiz Lady. The film sends her and her overbearing older sister (Sandra Oh) on an odd quest to become a contestant on the programme in order to…
DetailsGoli Vada Pav The National Company Law Tribunal (NCLT) has admitted Mumbai-based fast-food restaurant chain Goli Vada Pav Private Limited to the corporate insolvency resolution process following its alleged failure to pay a debt of Rs 3.56 crore. The Mumbai bench of NCLT passed the order on September 5 on a plea of Vista Processed…
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