Virgin Australia to boost domestic flights next month despite administration amid coronavirus pandemic – 9News

Liquidation

Virgin Australia says it will double domestic capacity by early July as state border restrictions ease and demand grows, joining rival Qantas in adding a significant number of flights. Virgin, the country’s second-biggest carrier, entered voluntary administration in April, owing nearly $7 billion to creditors, but has been flying a limited government-supported network during the…

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A trust issue: Is the financial distress caused by COVID-19 putting beneficiaries’ interests at risk? – SmartCompany.com.au

Liquidation

THE VIRGIN AUSTRALIA FLEET SITS IDLE AT AIRPORTS. When Virgin Australia Holdings Ltd went into voluntary administration towards the end of April a casualty of the COVID-19 pandemic members of Virgin Australias Velocity Frequent Flyer program may have thought that their points were safe. Velocity Frequent Flyer Pty Ltd (VFF) is a distinct company from…

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Moreton Resources enters voluntary administration | Chronicle – Chronicle

Liquidation

THE company who had expressed interest in the proposed Kingaroy coal mine went into voluntary administration yesterday. The Moreton Resources board of directors appointed Deloitte Financial Advisory’s Grant Sparks and David Orr as administrators of the group. An urgent assessment of the group’s business and financial position will be undertaken to determine the business’ future…

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You could face a tax bill if your debt is forgiven—here’s what you need to know – CNBC

Debt Help

Roughly one in three Americans have delinquent debt according to recent data fromTheUrban Institute. At 16%, medical debt makes up the highest percentage of debt delinquency, but consumers also default on student loans, auto loans and credit card debt. If someone’s debt is so large that making payments becomes unmanageable (or if paying off the…

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Equestrian Australia enters administration after withdrawal of Sports Australia funding – Australasian Leisure Management

Liquidation

Peak body Equestrian Australia has been placed in voluntary administration by its board in a bid to avoid insolvency. In what has been described as a “difficult decision, Equestrian Australia says the move follows the withdrawal of funding by Sports Australia – reportedly due to due to poor governance – and the impact of COVID-19…

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