A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing airlines to ground vast numbers of planes and seek government help as…
DetailsA Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing airlines to ground vast numbers of planes and seek government help as…
DetailsWhat are financial counsellors and what do they do? According to Financial Counselling Australia, financial counsellors are qualified professionals who provide information, advice and advocacy to people in financial difficulty. Their services are non-judgmental, free, independent and confidential. Financial counsellors are based in community organisations throughout Australia, from large charities to smaller community centres, as…
DetailsListen to this story To support businesses experiencing financial distress throughout COVID-19, the Australian Government introduced measures to relax insolvency and bankruptcy rules in March. These changes were set to draw to a close by 30 September, but have now been extended until 31 December 2020. Many commentators had predicted that the changes would need…
DetailsGoogle is not clamping down hard enough on scam adverts appearing in their searches, according to a new investigation. Consumer group Which? claimed it had found fake adverts for debt help charities and financial firms. The group says it found search results for common saving terms such as “top Isa”, “best bonds” and “best fixed…
DetailsIn 2014, Todd Kunsman, founder of personal finance blog Invested Wallet, was $29,000 in debt and working a job that paid less than $36,000 per year. Kunsman decided to take the reins of his finances and improve his situation, educating himself on topics like investing and money at large. “I decided to dedicate an hour…
DetailsThe government said it was putting the final touches to the “complex” task of developing a support package for such a large and diverse sector. The new state spending includes $1.1 billion in cash grants for small and medium-sized businesses and a $251 million Licensed Venue Fund targeted at the hospitality sector offering grants of…
DetailsAn Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…
DetailsSeptember 12, 2020 | 1:32pm Enlarge Image Sid Rosenberg (center) is now pushing FanDuel on his radio show after battling his own gambling issues. WireImage You dont believe were on the eve of self-destruction? If I were no longer surprised to hear anything, I would have driven off the road. Wednesday on WABC 770-AM, co-host…
DetailsBy Satish Kumar Gupta In August 2020, to mitigate the financial stress faced by borrowers on account of the economic fallout of the Covid-19 pandemic, RBI issued a circular on Resolution Framework for Covid-19-related Stress (Covid Resolution Framework-CRF). CRF enables lenders to implement a resolution plan in respect of eligible borrowers without a change in…
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