Australian Mercantile Collections

Kate Middleton’s Mom Carole Protects Her as Family Faces Debt

Princess Kate Middleton’s mother Carole Middleton is “desperately” trying to shield her from a devastating new blow to the family as she undergoes cancer treatment, Us Weekly can exclusively reveal. Carole, 69, and her husband, Michael Middleton, who are also parents to Pippa and James Middleton are facing serious debt that they are reportedly unable […]

Iowa Student Loan borrowers sue over loss of rights to challenge debt

Imagine going to pay for groceries or rent, only to find that your bank account has been frozen. The reason: A debt collector has gotten a court judgment without any notice to you at all. That’s happened for decades to hundreds of Iowa student loan borrowers, hit with court orders to freeze bank accounts or […]

Tax, DEWR, DVA warned not to create robodebt 2.0

Less than a year after the damning findings of the Royal Commission into the Robodebt Scheme were released, official evidence is again emerging that the desired behavioural change within the public service to rein in indiscriminate automated shakedowns still isn’t happening. The Australian Taxation Office (ATO), Department of Employment and Workplace Relations (DEWR) and Department […]

Thames Water troubles swell as parent firm defaults on debt

By Simon Jack & Lora Jones Business editor and business reporter, BBC News 5 April 2024, 14:27 BST Updated 5 hours ago Thames Water has seen its troubles deepen after its parent company defaulted on part of its huge debt pile. Kemble Water has formally told lenders it failed to meet a deadline to pay […]

The Royals’ Reaction to Carole Middleton’s Business Debt

Soooooo, Carole Middleton’s brand, Party Pieces, is in a huge amount of debt. Which isn’t great news for the Middletons—to the point where Carole is “desperately” trying to shield her daughter Princess Kate from her financial woes. The Latest Royal News You can get details on Party Pieces’s debt right this way, but if you’re […]

Kate Middleton’s Mother Carole Isn’t Seeking Help With Business Debt

Kate Middleton has plenty to worry about right now as she focuses on her recovery from her cancer battle. However, her parents, Carole and Michael Middleton are in the middle of a financial crisis that has been swirling in the headlines over the last year. The story recently resurfaced after The Times revealed that the […]

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt

In a recent address, ATO Tax Commissioner Rob Heferen stressed the importance of small business owners meeting their obligations, with small business debts to the ATO continuing to climb.  The Tax Office is currently chasing over $50 billion in collectable debt, with 65 per cent of all collectable debt owed relating to small business, said […]

ATO chasing more than $39bn in debt from SMEs

Rob Heferen, the Commissioner of Taxation, has revealed that nearly two-thirds of all collectable debt being chased by the Tax Office is from small businesses and that many are struggling to repay their debt following the end of the payment “holidays” that were brought in during the peak of the COVID-19 pandemic. Speaking on the […]

Kate Middleton’s Mom Trying to Shield Her from Devastating Business Debt

Carole Middleton’s brand called Party Pieces is in crippling debt, and Carole is “desperately” trying to shield their financial woes from her daughter Kate Middleton. The Freshest Royal ☕ The Times published a report breaking down Party Pieces’ insolvency—noting that “it fell into administration owing creditors £2.6 million.” The company’s assets are also apparently “insufficient” […]