Indian gambling addict threw acid on his wife to punish her for her refusal to go to his gambling friends and pay his debt by being gang-raped, according to a media report. The brutal case of sexual exploitation took part in Bihar, a state which ranked 14th in 2019 with 2,300 cases of domestic violence…
DetailsAttorney-General Christian Porter today announced that Australias personal bankruptcy threshold will be set at $10,000. The threshold was temporarily lifted from $5,000 to $20,000 on March 24 of this year in response to the pandemic. The new threshold of $10,000 will be permanent, and comes into effect on January 1, 2021, when the temporary threshold…
DetailsChris McKeen/Stuff In 2016 four children were injured when a tree fell at Discoveries Educare Gillies Ave centre in Newmarket. Eleven early childhood education centres belonging to the Discoveries Educare chain in Auckland have been placed into liquidation with three more being assessed by the liquidator. Stuff reported last week that 10 Discoveries Educare centres…
DetailsInsolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…
DetailsCans produced for Coca-Cola Co.’s Coke drink move along the production line. Chris Ratcliffe | Bloomberg | Getty Images Coca-Cola will cut about 2,200 jobs in its global workforce as part of a broader restructuring plan that was accelerated by the coronavirus pandemic. In the United States, Coke will use layoffs and buyouts to eliminate…
DetailsLast week, as part of the Australian Governments ongoing response to the pandemic-induced economic crisis, the Senate passed reforms to insolvency arrangements for small businesses with liabilities less than $1 million. From 1 January 2021, these businesses will be able to avail themselves of: A new debtor-in-possession, debt-restructuring process to improve the prospects of business…
DetailsTwo-decade Deloitte veteran Vaughan Strawbridge has been poached by FTI Consulting in Australia, where he has been appointed a Senior Managing Director. Strawbridge is a chartered accountant by background and has been atDeloitte Australia since 1998, interluded with a five-year spell at the firms UK office. A restructuring expert, Strawbridge has provided business turnaround services…
DetailsVirgin Australia has become the first major Australian airline to exit voluntary administration, with its new CEO and managing director unveiling its future direction. On her official first day as Virgins boss, Jayne Hrdlicka showed off the airlines plan resulting from collaboration with staff and combined with detailed customer research. It includes retaining its core…
DetailsIsmael Majed Siza (60), a restaurant owner from Westminster, London, has been banned for 12 years and Keith Morgan Thomas (81), a concrete services company from Llanelli, Wales, has been disqualified for 6 years. Both are now banned from acting as directors or directly or indirectly becoming involved, without the permission of the court, in…
DetailsThroughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 33 bankruptcies in week 50, 8 fewer than in week 49. In addition, 8 sole proprietorships were declared bankrupt, 2…
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