UPDATE 12.30pm: A NUMBER of the Daily’s readers have taken to our Facebook page to vent their frustration after yet more workers have suffered with a prominent local restaurateur’s company going into liquidation. The Daily broke the news this morning of the demise of Todd Young Investments Pty Ltd, directed by Todd Young, who operated…
Thursday, 21 January 2016 Posted by Kelly Emmerton Many Aussie students use the Government’s Higher Education Loan Program (HELP) to pay for their studies, and now there are calls for super to be used to pay off the debt, ABC reported. Around $30 billion dollars was granted to students through HELP loans last year, and next…
NORTH PROVIDENCE, R.I. It was marketed as a way out of debt, but it led to even more problems for a North Providence woman. Roberta, who asked that we keep her identity private, says she can’t believe she gave away so much personal information. The voice on the phone seemed so helpful and trustworthy. She…
Stonewood Homes managing director and found Brent Mettrick says the closure of franchises in Marlborough and Hamilton is not indicative of a wider endemic. Stonewood Homes Marlborough has gone into liquidation, with debts of more than $1 million. The franchise of nationwide construction company Stonewood Homes went into liquidation last year, appointing Biz Rescue chartered…
It is an accepted article of faith that politicians can read and sense the pulse of people better than anyone else. If Prime Minister Narendra Modi and the finance minister were to get a whiff of the current mood of the nation, they would realise it has dramatically changed in the last 18 months. On…
Atlantic City is considering a bankruptcy filing after New Jersey Governor Chris Christie vetoed legislation aimed at shoring up the finances of the distressed casino resort. Mayor Don Guardian said he expects to call an emergency meeting for next week to discuss the citys options. He and Council President Marty Small spoke to reporters in…
Continuing its effort to facilitate investment and economic growth, amid opposition protests in Parliament, the Narendra Modi-led government on Monday introduced a bill to put in place an effective legal framework for time-bound resolution of corporate insolvency. Finance minister Arun Jaitley introduced the much-awaited Insolvency and Bankruptcy Code in Lok Sabha that will speed up…
The correction on the ASX can be traced directly to Beijing. Photo: Bloomberg Unlike nearly every other advanced economy during the past 25 years, Australia has not had a recession. Not since the short, sharp Keating recession of 1990-91. Our defences against a recession are now threadbare, in large part because the protection provided by…
Moody’s just changed Alberta’s credit outlook from stable to negative. A lot has happened to Alberta’s credit forecast since the NDP dropped their budget at the end of October 2015. Immediately after the NDP’s catastrophic tax and spend budget came out October, Moody’s declared Alberta’s budget was credit negative. That was the budget that would…
Wednesday, 20th January, 2016 11:37am Story by Sean McMahon Mark Reilly, Personal Insolvency Practitioner for County Cavan and Partner in KBG Chartered Accountants, Railway Road, Cavan. Mark Reilly, Personal Insolvency Practitioner for County Cavan and Partner in KBG Chartered Accountants, Railway Road, Cavan. The number of bankruptcies in County Cavan is expected to quadruple this…