Editorial Independence We want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Filing for bankruptcy has major and long-term consequences for your finances. But for…
DetailsA MAN took his own life after accruing more than 10,000 of debt through online gambling sites. Software engineer Raghotham Gajula also owed upwards of 32,000 through loans and credit cards, Winchester Coroners’ Court heard. The 36-year-old died after being hit by a Bournemouth-bound train passing through Shawford Train Station at just after 9pm on…
DetailsThe Federal Governments proposed changes to the insolvency framework, which will commence on January 1 if legislation is passed, could result in an unprecedented number of possible claim events for trade credit insurers, Lockton Companies Australia has warned. The reforms, announced in September by Treasurer Josh Frydenberg, draw on key features from Chapter 11 of…
DetailsThe retired tennis star Boris Becker has insisted that he will clear his name over allegations that he concealed his Wimbledon trophies, an Olympic gold medal and more than 1 million in cash during bankruptcy proceedings. Mr Becker, 52, is standing trial at Southwark crown court for allegedly failing to declare more than two dozen…
DetailsBusiness Standard Under the scheme, borrowers’ accounts will not be downgraded as sub-standard or ‘non-performing’ if their loans are restructured TopicsReserve Bank of India|debt restructuring scheme|India Inc The Reserve Bank of Indias (RBIs) loan restructuring scheme for Covid-19-affected borrowers has seen few takers in the corporate world so far, according to bank executives who have…
DetailsOwners of retail chain Riot Art & Craft have closed down all of its 56 stores after the company went into liquidation last week. Angry staff members said they were given no notice the stores were shutting down and were told via text message that they had lost their jobs last Monday evening. “All stores…
DetailsVirgin Australia’s new owners Bain Capital hope to reboot the airline’s inflight WiFi service as part of its new “customer service proposition”, although the shape of the WiFi packages and how they fit into the airline’s value-centric ‘hybrid’ model remains to be seen. Bain has severed Virgin’s contract with connectivity partner Gogo, which is in…
DetailsAdvertisement: Singapore-based Avation PLC says they are nearly US$75 million out of pocket following the collapse and sale of Virgin Australia. The lessor had 13 planes on lease to Virgin Australia when the airline went into voluntary administration in April. Five of those planes have gone to new operators, three are back at Avation, and…
Details‘I believe in the British legal system’: Boris Becker says he will clear his name amid allegations he hid more than 1 million during bankruptcy proceedings Boris Becker is accused of failing to hand over trophies so they could be sold Trophies listed on 28-count indictment include 1985 Wimbledon men’s title Mr Becker says he…
DetailsMoney troubles can leave us feeling overwhelmed and isolated. And because there is so much stigma attached to talking about finances, knowing where to turn isn’t always obvious. The rolling impacts of drought, bushfires and the pandemic have left a lot of people in difficult situations. Four in 10 Aussies confirmed losing income due to…
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