Debt advocates say the bill would have forced borrowers to pay retroactive payments on their student debt. President Joe Biden has vetoed a conservative-backed bill that would have repealed his plan to deliver up to $20,000 of relief to student debtors across the country. The bill would have nixed the plan (to provide up to…
DetailsLess than one year after its acquisition by potato business Tuber Group, UK fresh produce company MyFresh has entered administration. MyFresh has hired Conrad Alan Beighton and Dane OHara from Leonard Curtis to act as administrators. The company was declared insolvent on 20 April and the deadline to find a buyer is 15 June. Based…
DetailsDUBAI, UAE – The Wealth Today, in conjunction with the Forensic Risk Alliance (FRA), successfully co-hosted the highly anticipated Forensic & Restructuring Summit 2023 in Dubai this week. The gathering witnessed regulators, MENAs leading funds, top-tier law firms, auditors, and other essential stakeholders sharing insightful discussions about emerging trends in crypto crime, law enforcement, cross-border…
DetailsRick Walz | Guest columnist Promises of reduced debt, low-interest loans and magical fixes to your credit score that are arriving in the mailbox or email box are tempting but be aware of the difference and know which is the best solution to get out of debt. What is the difference between credit counseling, debt…
DetailsAll That Was Left tells the story of Henry Cyril Paget and the Great Anglesey Sales, which saw all he had owned sold to pay his debts. Henry Cyril Paget (1875-1905) succeeded the title of the 5th Marquess of Anglesey and inherited Plas Newydd in 1898 along with about 110,000 a year, which is the…
DetailsA prominent regional New South Wales winemaker has fallen into voluntary administration, citing significant financial losses brought about by COVID-19 pandemic, natural disasters and the Chinese government. Key points: Cassegrain Wines is the largest winemaker on the New South Wales Mid North Coast The family-run business says it has appointed voluntary administrators Administrators says operations will continue…
DetailsInvestigation The collapse of the cancer care provider has left reputations in tatters. Jun 9, 2023 5.12pm It wasnt meant to end like this. Only four years ago, GenesisCare, the Brisbane-born cancer care provider with more than 400 locations spanning Australia, the UK, US and Spain, had just sealed a $1.5 billion acquisition to conquer…
DetailsIn this weeks TGIF, we consider the recent case of Vita Group Ltd, in the matter of Vita Group Ltd [2023] FCA 400, in which his Honour Justice Jackman outlined practical changes to the way schemes of arrangement should be implemented through the Federal Court to make them simpler, faster and more cost efficient. Key…
DetailsThe company behind Karen’s Diner, the restaurant that gained internet infamy for its deliberately bad service, has collapsed. Viral Ventures (Australia) Pty Ltd, which runs both Karen’s Diner and Broadway Diner, went into liquidation on May 30, announcing on June 5 that Chris Johnson and Andrew McCabe from Wexted Advisors have been appointed to wind…
DetailsThe National Company Law Tribunal (NCLT) has issued a notice to the Insolvency Resolution Professional (IRP) of crisis-hit Go First over a plea filed by supply chain operator Delhivery. The Delhivery had moved the tribunal on Thursday and said the debt-ridden airline intentionally took payments from them despite knowing that it was filing for…
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