07:3424 Aug In a recent legal development, Crown London Aspinalls Casino has secured a favorable outcome in a case involving Lester Hui, a prominent high roller. The casino had contended that Hui was liable for settling a substantial 589,724 debt stemming from losses incurred in baccarat several years ago. Hui argued that the casino had…
DetailsGetty Images By Kevin Peachey Cost of living correspondent Thousands more people will start the winter behind on their energy bills with some borrowing to pay them, Citizens Advice has warned. A total of 46,431 people with energy debts contacted the charity for advice in the first six months of 2023, a 17% increase on…
DetailsDid you get an email from the Australian Tax Office (ATO) about your HECS-HELP debt repayment rate changing? The 2023-24 financial year threshold has been raised, which means some who made compulsory payments in 2022-23 won’t have to this year. Last financial year, people earning more than $48,361 had to make compulsory payments. But, as of…
DetailsJAIPUR: Just the fear of losing control over one’s company due to the Insolvency & Bankruptcy Code (IBC) has helped creditors, banks and others such as suppliers recover dues from these entities as promoters and management paid up soon after cases were filed in the National Company Law Tribunal (NCLT), without waiting for the petitions…
DetailsGetty Images/iStockphoto After a year of falling prices, inflation ticked up 3.2% in July. Meanwhile, core inflation, which excludes volatile food and energy costs, surged by 4.7% compared to the previous year. As a result, many Americans are finding it harder to meet their monthly expenses. However, the news isn’t all bad, as worker wages…
DetailsAgreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…
DetailsSee President Bidens Video Announcing the Plan HERE: Today Im proud to announce a new program called the SAVE Plan. Its the most affordable student loan plan ever. Borrowers can sign up by visiting StudentAid.gov/SAVE The Biden-Harris Administration believes that education beyond high school should unlock doors to opportunity, not leave borrowers stranded with debt they cannot…
DetailsCaleb RuncimanThe West Australian More than 400 people have been sacked via text message after a traffic control company went into liquidation. Road construction contractor Advanced Traffic Management which offers services in Perth, Kalgoorlie, Albany, Northam, Bunbury, Kalgoorlie and Kwinana went into liquidation on Tuesday following an order in the Federal Court. Premium Subscribers with…
DetailsWest Australian road construction contractor Advanced Traffic Management has been forced into liquidation, bringing several major projects to a standstill and leaving more than 400 employees in limbo. David Hodgson and Andrew Hewitt of Grant Thornton were appointed liquidators on Tuesday after the Federal Court ordered the company be wound up, ending a four-month Federal…
DetailsParents looking to aid their children financially are sticking with helping them with a home deposit rather than with student debt, regardless of predictions the rate of annual indexation could be high for years. Student debt, though indexed in line with inflation, was not much noticed when inflation was low, as it was generally considered…
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