KUALA LUMPUR: There will be two new categories for individuals to be discharged from bankruptcy status under the new amendments to the Insolvency Act 1967, says Datuk Seri Azalina Othman Said (pic). During the second reading of the Bill at the Dewan Rakyat on Tuesday (May 23), the Minister in the Prime Minister’s Department (Law…
DetailsBy Leandra Monteiro Today Debt Debt Management DebtBuddy Debt is a heavy burden for both private individuals and commercial entities. But owing to creative businesses in India, debt management is now easier and more effective than ever. These businesses offer remedies like debt consolidation, refinancing, individualized counseling, and negotiation services. These firms enable people to…
DetailsSource: Department of Treasury and Finance.Notes:(a) Forecast expenditure for 2022-23.(b) Excludes budget funding of $238.3 million in 2023-24 for COVID-19 impacts on the transport network as published in Budget Paper 3, 202324 Budget, Chapter 1.(c) Excludes expenditure associated with Commonwealth Government co-contributions to represent expenditure incurred by the State contributing to COVID debt. Different borrowings…
DetailsMartha Rose Brown Youre not wrong to question the sustainable or natural label on common food purchases because luck would have it, false advertising is definitely apparent when walking down supermarket isles. Veuers Chloe Hurst has the story! Orangeburg County Sheriffs Office Someone shot an Orangeburg mans vehicle after he finished paying a gambling debt…
DetailsFORMER Celtic manager and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman. An HMRC official told an insolvency and companies court yesterday that the money the ex-midfielder owed had been paid in full. 1 John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: Getty A hearing…
DetailsConsulting firm EY recently had to shelve plans for a restructure after internal disputes among US colleagues. Major changes such as mergers and restructures are doomed to failure without getting employees on board and being transparent about how they will be affected, says Michael Hibbs. It has recently been reported that top four accounting and…
DetailsThe future of a private hospital in the central west of NSW hangs in the balance after it went into voluntary administration. The Orange Private Hospital, which is advertised as “a boutique short-stay private hospital located in the heart of Orange”, employs almost 100 staff including 32 surgeons. Administrator Ernst and Young issued a statement…
DetailsA private hospital in the New South Wales central west has entered voluntary administration less than two years after opening. Key points: Orange Private Hospital employs almost 100 staff and surgeons Administrators say their objective “is to secure the long-term” future of the service The hospital opened less than two years ago The Orange Private Hospital employs…
DetailsPresident Biden.Jacquelyn Martin, Pool Redeem now Republicans are planning to bring a bill overturning student-debt relief to the House floor for a vote this week. The White House said in a Monday statement that Biden will veto the bill if it makes it to his desk. While the bill could pass the GOP-controlled House, it…
DetailsIntroduction Australian insolvency practitioners have long considered that the Court will take a liberal approach to granting an extension to the period in which the second meeting of creditors must be convened under section 439A(6) of the Corporations Act 2001 (Cth) (the Act). Indeed, there is ample case law where courts have granted extensions to…
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