Hospital debt collection bill clears legislative hurdle
In Colorado, hospitals often confuse people by suing patients for unpaid medical bills under the name of some other entity. DENVER — Weeks after a joint 9NEWS/Colorado Sun investigation discovered the largest provider of heath care in the state suing thousands of patients under what amounts to a legal pseudonym, the Colorado legislature moved one […]
Underpinning your strategic plans with the right debt funding, liquidity and working capital strategy
Despite the uncertainty created by an ever changing environment, it is important for global and domestic businesses to begin planning for what’s to come. Funding ─ be it long term debt, liquidity management or working capital financing ─ is an important aspect of this planning and preparation, as a means of driving strategic value for your […]
Colorado bill would make hospitals use own name on debt lawsuits
Colorado lawmakers are considering a bill that would prevent hospitals from publicly concealing their involvement in lawsuits against patients, following a joint Colorado Sun/9News investigation into the practice. The bill, House Bill 1380, would apply to all debt collection lawsuits broadly, not just those over medical debt. It would require that the owner of a […]
ATO restructure revealed to staff
The Australian Taxation Office has moved swiftly to try and instigate a wholesale restructure of its mammoth Service Delivery Group (SDG), as the revenue agency tries to consolidate and simplify overlapping or duplicated functions in its main customer-facing arm amid a big push to call in debts. Tax employees and unions this week moved into […]
Maddocks | Maddocks Recoveries
Maddocks Recoveries, founded in 1992 as ML+C, has honed a specific expertise in revenue recovery and management for Victorian local government and commercial clients. Operating from our Melbourne headquarters, we provide tailored services across Australia, with a unique focus on local council and ratepayer needs. Under our dynamic hybrid model, our recovery team uses the […]
Maali Group in $10m ATO debt, restructuring bid
Contractor Maali Group has amassed a $10 million tax bill, with creditors advised to vote to enter a restructuring proposal from a Perth civil engineering company. McGrathNicol’s Rob Kirman and Rob Brauer took control of Mitch Matera-led Maali after the business entered administration in mid-March. Maali Group is an Aboriginal owned and managed contracting services […]
Here’s Why Neoen (EPA:NEOEN) Has A Meaningful Debt Burden
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We can see that Neoen S.A. (EPA:NEOEN) does use debt in its business. But is this debt a concern […]
Yeeda racks up $103m debt, administrators say
Administrators of Yeeda Pastoral Company have received a time extension for the next creditors meeting, after finding the Kimberley business was $103 million in debt. Richard Tucker, Anthony Miskiewicz, and David Osborne, of KordaMentha, were appointed as administrator of Yeeda Pastoral Co and its subsidiaries in February. The administrators’ first creditors report and a recently […]
Ratings agency downgrades China debt outlook over economic uncertainty | Chinese economy
Fitch has downgraded the outlook on China’s debt as it warned of increased risks to the economy while the country moves away from its reliance on growth from the property sector. On Wednesday the US-based agency said it had revised China’s sovereign credit rating from stable to negative, saying this reflected the “increasing risks to […]
Robotax: why the ATO’s controversial tax debt clawback scheme deserves media scrutiny – The Guardian Australia
Last November, thousands of Australians received letters advising them of unpaid tax debts. Some of these were decades old, dating back to a time of chequebooks and paper records. There were mixed responses. Some believed the letters were a scam with forged Australian Taxation Office (ATO) letterhead, and promptly disposed of the correspondence. Others, who […]