Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss ofRs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020. This compares to a loss of Rs55.4 billion in the same period during FY2018-19. The carrier also reported a total income of Rs3.5 billion for…
DetailsThe minimum threshold at which creditors can issue a statutory demand on a company could rise by five times from its current amount as the Treasury considers aligning it with the personal bankruptcy threshold. The Treasury is now consulting on whether the current monetary threshold at which a statutory demand can be issued by a…
DetailsIn this episode of A Different Lens, we ask experts from fields including science, business, arts, design, medicine and health, and engineeringwhat they think the future of travel looks like from driverless cars, personalised public transport and flying taxis, to SpaceXtravel. We also ask, why is implementation ofthese progressive initiatives so slow? And what risks…
DetailsThe Australian Banking Association supports the Federal Governments proposed licencing regime for debt management firms and has called for further changes to protect consumers. Debt management and credit repair services are targeted at Australians at risk of financial vulnerability and can exacerbate or even cause financial hardship. There is a clear benefit to the community…
DetailsBanks are backing a government push to license debt management firms, to stop people from getting ripped off. Debt and credit repair services target Australians at risk of financial troubles and can often exacerbate their hardship. Australian Banking Association chief executive Anna Bligh wants much stronger regulation of the sector. “Banks are encouraging the government…
DetailsAn image from Soar Aviations Facebook page, taken in 2019. Soar Aviations directors have denied claims by KPMG that the firm could have been insolvent for up to a year before it entered administration, Australian Aviation can reveal. A new note to creditors authored by the professional services firm also said the flight schools directors…
DetailsI would like to know whether the one-third payout from a retirement annuity at retirement age would be protected from creditors? Thank you for sending your question through. You have raised a very important question as it is vitally important to understand how and when your retirement fund benefits enjoy protection from ones creditors. At…
Detailsimage copyrightRobert Melenimage captionClare Louise Thomas, also known as Louise O’Halloran, has previously refuted all allegations against her and her business A businesswoman who was one of the Scarlets rugby team’s main sponsors has been declared bankrupt. Clare Louise Thomas’ firm Juno Moneta Group owes the region more than 500,000, believed to be in relation…
DetailsThe Underneath Studio: Kino Lorber Studio Classics Feb 15, 2021 Web Exclusive By Ed McMenamin Michael Chambers (Peter Gallagher) is a gambling addict back in his hometown to visit his widowed mother, who is re-marrying in middle age, and his brother, a jealous cop who is furious that Michael didnt help out at home after…
DetailsKari Boudreau did everything by the book when it came to her student loans. She still couldnt stay ahead of her debt. A self-proclaimed rule follower, Boudreau was the first in her working-class Northfield, Minn., family to go to college, earning a degree from Iowa State University that led to her buildinga successful chiropractic business.…
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