Photo taken in Athens, Greece getty It is hard to overestimate what a dismal fiscal future the Congressional Budget Office foresees. In its new long-term budget estimate, CBO projects that in just 30 years, the national debt will rise to nearly twice the USs total economic output, from less than 80 percent last year. As…
DetailsThe federal government has been called to release further details of its proposal to overhaul insolvency laws, as the profession cautiously welcomes the reform plans. On Thursday, the government announced plans to reform the insolvency regime, effectively allowing businesses with liabilities of less than $1 million will be allowed to continue trading while they develop…
DetailsBy Wayne Robinson | 25 September 2020 The Sunshine Coast printing operation trading as Express Print & Mail took a five-year lease on its new 1400sqm Kunda Park premises on 1 April, before the company that had previously owned the business and the same name, was put into liquidation with debts listed at $4m. New…
DetailsTens of thousands of businesses could collapse by mid next year as changes to insolvency laws kick in and economic stimulus measures such as JobKeeper come to an end, insolvency experts say. Key points: The proposed changes to insolvency laws could help identify companies that should have never survived but have because of COVID-19 stimulus…
DetailsThe proposed changes will allow businesses to keep trading while they develop a debt restructuring plan. Photo: Supplied. Federal Treasurer Josh Frydenberg has announced plans to overhaul insolvency rules in an effort to help small businesses that are struggling because of the coronavirus pandemic. The changes will apply to businesses with liabilities of less than…
DetailsTHE Young Gamers and Gamblers Education Trust (YGAM) has warned that the drastic change to student life this year could increase the risk of students experiencing gaming and gambling-related harm at university. Research commissioned by the charity and undertaken by Red Brick Research found that 264,000 students are at some risk of gambling-related harm in…
DetailsThe leader of the Democratic Republic of Congo appealed Tuesday before the UN General Assembly for debt relief for developing countries to help them cope with the pandemic. “In order to help developing countries exit the crisis and fare better after Covid-19, the international community’s efforts must include debt cancellation and other relief so they…
DetailsHow debt consolidation can help you financially survive COVID-19 The coronavirus is taking a heavy financial toll on Americans. Millions of people have been thrown out of work, and the U.S. stands to lose 4 million small businesses this year, says an estimate from Oxxford Information Technology. If your income has dropped because of COVID-19…
DetailsGoogle CEO Sundar Pichaispeaks at the company’s 2016 Google I/O conference in Mountain View, Calif. Justin Sullivan | Getty Images Google’s latest employee perk to attract talent is help with student loans. Starting in 2021, Google will match up to $2,500 per full-time employee per year toward their student loan payments, John Casey, Google’s director…
DetailsBoris Becker arrives at Westminster Magistrates Court in London on Thursday after being accused of not complying with obligations to disclose information about his bankruptcy. Aaron Chown/PA via AP TENNIS BORIS BECKER: Former tennis star Boris Becker appeared in a London court Thursday, pleading not guilty to a string of criminal charges related to his…
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