After a year like no other, the Queensland 2020-21 Budget has been handed down. Treasurer Cameron Dick revealed the state’s finances had been significantly impacted by COVID-19, with debt set to increase to $102 billion and the budget deficit to swell to $8.63 billion. The document also predicts four more years of deficits before a…
DetailsCredit: Dreamstime The government has moved to extend its debt relief provisions for businesses by 10 months, meaning the scheme will remain open until 31 October next year. The extension to the rules allowing affected businesses to put their debt on hold was made to help assist with the ongoing economic recovery from COVID-19. The…
DetailsJournalists who lost their jobs when the weekly newspapers they worked for ceased publication are to receive money they are owed after a near-three-year fight. Editorial staff who were employed at Lyme Regis-based View From Newspapers will now receive notice pay settlements and additional payments awarded by an employment tribunal after Duncan Williams, the final…
DetailsBackground The majority of people in the UK want to pay the right tax at the right time because they believe that it is the right thing to do and appreciate that tax revenue funds public services for everyone. HMRC provides a flexible range of support for those who would like to pay on time…
DetailsNEW YORK–(BUSINESS WIRE)–Duff & Phelps, the worlds premier provider of governance, risk and transparency solutions, today announced that it has signed a definitive agreement to acquire Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm. The combination of Duff & Phelps and Borrelli Walsh strengthens the firms restructuring offerings for clients…
DetailsTo assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months. New Zealands economy is recovering better than we expected, but the impacts of the pandemic are far-reaching and some businesses need continued support to keep trading, Finance Minister Grant Robertson…
DetailsPlea filed by Alcock Ashdown said it could not repay debt of Rs 600 cr; this is the second state PSU to approach NCLTGujarat government-run company Alcock Ashdown (Gujarat) Limited (AAGL) has filed an application with the Ahmedabad bench of the National Company Law Tribunal (NCLT) for insolvency, saying it was not in a position…
DetailsArticle 0 Comments An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. With the agreement of its board of directors, ACCC Insurance Co. was placed into receivership on Oct. 21 by Travis County District Judge Tim Sulak at…
DetailsLeon, one of Britain’s most prominent restaurant chains, has served creditors with a restructuring plan that includes a multimillion pound investment from shareholders to secure its future. Sky News has learnt that the company, which was co-founded by Boris Johnson‘s ‘food tsar’, Henry Dimbleby, circulated details of a company voluntary arrangement (CVA) to landlords and…
DetailsDuring the pandemic-created recession, when millions of Americans are strapped for cash, youd think that more of us would turn to credit cards to help tide us over. It appears that just the opposite has happened, though. Before 2020, consumer credit card debt grew for eight consecutive years, hitting a record high of $829 million…
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