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Daily Archives: January 12, 2016

How The Collapse Of Soundwave Could Impact Every Aussie Music Festival – Tone Deaf

LiquidationBy Insolvency GuardianJanuary 12, 2016

13 Jan 2016 / Greg Moskovitch While to outsiders it seemed as though the collapse of Soundwave was a sudden implosion brought on by mysterious forces, in reality it was a slow disintegration that stretched all the way back to the success of the legendary 2013 festival. Where most fans came on board was…

Here’s why winning the lottery won’t solve all your problems – Business Insider Australia

GamblingBy Insolvency GuardianJanuary 12, 2016

Youre not going to win the lottery, so dont spend a bunch of money on tickets. Even if you do win, weve seen time and time again that lottery prizes are more often a curse than a blessing. Dont just take my word for it, lets look at the numbers. You wont win anyway The…

National Debt Relief Talks About Debt Management At The Start Of The Year – PR Leap (press release)

Debt HelpBy Insolvency GuardianJanuary 12, 2016

(PRLEAP.COM) January 12, 2016 – National Debt Relief recently shared in an article published January 2, 2016 how consumers who are in debt could use the new year as a jump off point in managing their debts better. The article titled “5 Ways You Can Finally Get Rid Of Debt This New Year” takes a…

Winning The Lottery Won’t Solve Your Problems – Lifehacker Australia

GamblingBy Insolvency GuardianJanuary 12, 2016

Youre not going to win the lottery, so dont spend a bunch of money on tickets. Even if you do win, weve seen time and time again that lottery prizes are more often a curse than a blessing. Dont just take my word for it, lets look at the numbers.Illustration by Tara Jacoby. You Wont…

Reforming bankruptcy laws is the first step – next, remove the stigma – The Conversation AU

BankruptcyBy Insolvency GuardianJanuary 12, 2016

In Australia, there is a lingering belief that bankruptcy should not be too easy. The federal governments plan to reduce the period of bankruptcy from a minimum of three years to one year, announced in Decembers Innovation Statement, has been criticised for allowing debtors to avoid the consequences of their misconduct. But this view misunderstands…

Lotteries, Index Funds and Lawsuits – Bloomberg View

GamblingBy Insolvency GuardianJanuary 12, 2016

Powerball. Of course nothing in this newsletter is ever investing advice, but I will say as a personal matter that I tend to take a Pollanesque approach to the lottery: Buy lottery tickets, not too many of them, mostly when the jackpot is enormous. Not everyone agrees. Fox News’s advice is apparently “BUY AS MANY TICKETS…

This group of 2.2 million Americans can’t win the Powerball – Fusion

GamblingBy Insolvency GuardianJanuary 12, 2016

Pretty much everyone in the United States is eligible to win Wednesdays record $1.4 billion Powerball jackpotexcept for a not-so-fortunate group of 2.2 million people. The list of people eligible to win the Powerball even includes Americans abroad, who can buy tickets online, and non-U.S. citizens in the states with dreams of striking it rich.…

‘#InTheRed’ aims to help students struggling with college debt – MLive.com

Debt HelpBy Insolvency GuardianJanuary 12, 2016

FLINT, MI — A new initiative called #InTheRed aims to boost upcoming Democratic proposals in the Senate that would take tax loopholes from the rich and help struggling students with astronomical college loan debt. “College students are graduating deep in the red, in debt,” said U.S. Sen Debbie Stabenow, D-Lansing, in a conference call with…

The Powerball’s Long Con – Pacific Standard

GamblingBy Insolvency GuardianJanuary 12, 2016

A woman purchases a Powerball lottery ticket at a convenience store in Washington, D.C. (Photo: Saul Loeb/AFP/Getty Images) Back in July, the Multi-State Lottery Association made a significant tweak to the Powerball lottery: They made it more difficult to win. For the 36 states participating in the popular game, the odds of taking home the…

Late media tycoon Robert Maxwell’s two sons face bankruptcy proceedings weeks … – Daily Mail

BankruptcyBy Insolvency GuardianJanuary 12, 2016

Kevin and Ian, both in their 50s, have appeared in bankruptcy court lists The two brothers are said to owe money to a company called DCF (UK) Ltd Comes just weeks after their older sister Isabel, a 65-year-old former dotcom millionaire, was declared bankrupt in an order at the High Court  Media tycoon’s children have…

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