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Articles for Insolvencies, search results for debt

Annual jump of 25% in personal insolvencies in England and Wales in November
3 weeks, 2 days ago

Annual jump of 25% in personal insolvencies in England and Wales in November

The Independent  

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As tax and superannuation debts grow, ATO issues tens of thousands of director penalty notices that could send more people bankrupt
5 months, 3 weeks ago

As tax and superannuation debts grow, ATO issues tens of thousands of director penalty notices that could send more people bankrupt

ABC  

A day after his 52nd birthday, Andrew Christodoulou got a nasty surprise in the mail. ATO issues more Director Penalty Notices and garnishee notices Financial year DPNs issued Garnishee notices 2018-2019 13,120 18,605 2021-2022 3,160 957 2022-2023 17,459 2,924 July 1 2023 – 29 February 2024 13,454 2,881 The ATO says "firmer debt collection actions" are needed because the agency …

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ATO chases small businesses for $34b in debt, insolvencies tipped to hit post-global financial crisis levels
9 months, 3 weeks ago

ATO chases small businesses for $34b in debt, insolvencies tipped to hit post-global financial crisis levels

ABC  

The tax office is chasing more than $34 billion worth of debts owed by small businesses and self-employed Australians that were put on hold during COVID, and sometimes using aggressive enforcement action to collect the money, which experts say is sending some businesses to the wall. "If the ATO were to pursue this debt aggressively, you'd probably find a lot …

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25% jump in people needing breathing space from debts last year
11 months, 1 week ago

25% jump in people needing breathing space from debts last year

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across England …

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Coronavirus relief helps Tasmanians pay down debt, personal insolvencies lowest in 30 years
4 years, 2 months ago

Coronavirus relief helps Tasmanians pay down debt, personal insolvencies lowest in 30 years

ABC  

Fewer Tasmanians have become insolvent and more have been paying down debts during the pandemic period, as government support measures temporarily put more money into the pockets of some people. Key points: New Tasmanian personal insolvencies were at a 30-year low for the last financial year New Tasmanian personal insolvencies were at a 30-year low for the last financial year …

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