Australia’s tax system is being weaponised against victims of domestic abuse. Here’s how
When women seeking financial help from the government-funded UNSW Tax and Business Advisory Clinic are asked whether they have ever been affected by family or domestic violence, most say they have. In the past year this number has grown from 65% to over 80%. And about 14% of the clinic’s clients say their tax debts […]
Top Australian debt collector still operating in Victoria despite blacklisting | Business
One of Australia’s largest debt collection companies is continuing to operate in Victoria despite being blacklisted in the state over its unlawful pursuit of false debts, undue harassment and misleading conduct. Panthera Finance and its subsidiaries are major players in the Australian debt collection and acquisition sector, and were paid millions by the former government […]
ATO whistleblower to face trial after appeal dismissed
Boyle, who is being prosecuted after exposing unethical debt recovery practices at the Australian Taxation Office, had sought immunity under the federal public sector whistleblowing law, the Public Interest Disclosure Act. In the South Australian District Court in March, Judge Liesl Kudelka ruled Boyle was not immune from prosecution. … View the full article to […]
What Is An Equipment Loan And How Does It Work?
Monty Rakusen/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A business equipment loan is designed specifically for buying equipment and is secured by the equipment itself Equipment loans can’t be used for… View the full article to continue reading…
Orange County delays medical debt relief plan amid questions about debt collection
ORLANDO, Fla. – Orange County is delaying its plan to use American Rescue Plan funds to pay off medical debt relief after commissioners questioned how recipients would be identified. On Tuesday, the county commission was supposed to approve the plan to use $4.5 million in ARPA funding and partner with Medical Debt Resolutions, Inc. MDR […]
U.S. national debt will reach $50 trillion by 2034, CBO projects
As lawmakers grapple with increasing defense demands and spending on social safety net programs, the Congressional Budget Office projected Tuesday that the federal debt will equal 122 percent of the United States’ annual economic output by 2034, far surpassing the high set in the aftermath of World War II. The deficit will swell to $1.9 […]
Neowise launches enhanced debt collection systems; Achieves 436% YoY Growth – Elets BFSI – Elets
Neowise, a debt recollection platform acquired by Decentro in 2023, has launched an advanced debt collection platform designed to enhance lenders’ operations and optimize debt recovery processes. This innovation comes on the heels of Neowise’s remarkable growth, reporting a 436% year-over-year revenue increase and a 250% surge in its customer base. The company now manages […]
These 4 Measures Indicate That Republic Services (NYSE:RSG) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess […]
Neowise Unveils Upgraded Debt Collections System (CaaS) and achieves 436% YoY Revenue Growth
Decentro acquired Mumbai-based Neowise in July 2023 to complement its fintech & lending infrastructure. The upgraded Neowise CaaS solution helps ensure a 40% increase in collections efficiency for BFSI and improves connectivity with delinquent customers by 25%. Neowise unveils a new debt collection platform with features aimed at lenders to streamline their operations & optimize […]
Puerto Rico Board Seeks Hearing to Revise Utility’s Debt Plan
(Bloomberg) — Puerto Rico’s financial oversight board is seeking to reopen a confirmation hearing on a debt-restructuring plan for the island’s power utility after an appeals court last week ruled that bondholders have a claim to the agency’s future net revenue. The oversight board, which manages the… View the full article to continue reading…