It is like scrapping the bottom of the barrel for the country’s largest bank, the State Bank of India (SBI), when it comes to liquidation of defaulting companies under the five-year-old Insolvency and Bankruptcy Code (IBC). The state-owned bank has managed to get a paltry 5 per cent of the outstanding loan amount. Sources suggest…
DetailsCredit: Dreamstime A subsidiary of OSS Group is in voluntary liquidation after the Employment Relations Authority (ERA) awarded $76,700 to its former sales and marketing manager. HR Processing 2008, formerly called OSS Limited, was put into liquidation earlier this month after the ERA awarded the sum to Brett Arthur, who was employed by OSS Limited…
DetailsIf you have a higher education debt, chances are it could affect how much you could borrow for a home loan. There are a lot of people with a lot of Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) debt in Australia. According to the Australian Tax Office (ATO), there were 2.9…
DetailsSmall businesses are being encouraged to seek help immediately if they arestruggling to pay their tax because of pandemic-driven cash flow issues. The advice frombusiness rescue and insolvency firm Jirsch Sutherland comes as ATO debt attributed to small to medium enterprises was $21.4 billion at FY20. With lockdowns continuing throughout 2021, Jirsch Sutherland partnerAndrew Spring…
DetailsRelated Articles GamCare continues its work on protecting UK gamblers from the risks of consuming gambling-related debts, announcing that it has begun to trail referrals with PayPlan. The harm prevention and treatment support charity has launched a pilot initiative connecting its users with debt advice specialists trained by PayPlan. The need for debt advice has…
DetailsIf you have a higher education debt, chances are it could affect how much you could borrow for a home loan. There are a lot of people with a lot of Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) debt in Australia. According to the Australian Tax Office (ATO), there were 2.9…
DetailsThe debt payment reminders are coming thick and fast for your credit card, your other credit card and maybe a car loan or personal loan, along with home loan repayments. Trying to manage multiple debts can be so overwhelming that its easy to stick your head in the sand. But if you cant make your…
DetailsThe money was then used to fund losses on other Ralan projects. Problems began to emerge at Ralan in about 2014 when its builder Steve Nolan Constructions went into administration in 2014. Ralan collapsed at the end of July 2019, when Said Jahani, Phil-Campbell Wilson and Graham Killer from Grant Thornton were appointed as administrators…
DetailsLatest News Bis has signed a new multi-year contract with GFG Alliances Whyalla integrated mining and steelworks which will see the company continue providing materials handling and export facilities services at the site. Bis will carry on with the movement and processing of bulk materials, iron and steel slag, scrap and semi-finished products at the…
DetailsA national fresh food distribution company has gone bust, with its devastated boss blaming snap lockdowns for sending the business to the wall. In2food, which also trades as Yarra Valley Farms Australia, delivered the hammer blow to staff late on Friday afternoon, The Daily Telegraph reports. They were told that receivers FTI Consulting had been…
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