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Daily Archives: April 11, 2016

Walker Says He’s Thrifty, Needs Help Paying Campaign Debt – ABC News

Debt HelpBy Insolvency GuardianApril 11, 2016

Wisconsin Gov. Scott Walker says he’s “thrifty” and is offering T-shirts for craft projects while asking donors to help pay off the $1.2 million debt from his short-lived presidential campaign. The Republican sent an email to donors Sunday saying, “if there is one thing the American people learned about me during our presidential campaign, it…

Casino Can’t Nix Firm’s Suit Over Ex-Partner’s Gambling Debt – Law360 (subscription)

GamblingBy Insolvency GuardianApril 11, 2016

By Jonathan Randles Law360, New York (March 30, 2016, 9:42 PM ET) — A Mississippi casino lost a bid Tuesday to dismiss a lawsuit brought by bankrupt law firm Morris Schneider Wittstadt LLC over a former partner who gambled away more than $1.5 million from a firm trust. U.S. District Judge Louis Guirola Jr.…

Walker seeks help paying campaign debt – WISN Milwaukee

Debt HelpBy Insolvency GuardianApril 11, 2016

Wisconsin Gov. Scott Walker is claiming to be thrifty in an email asking supporters to help him pay off more than $1 million in presidential campaign debt. Walker spent more than $90,000 a day on his 70-day run for president. Walker said in the fundraising plea sent Sunday that, “If there is one thing the…

Cliq management team seeks legal measures to stop liquidation – The Edge Markets MY

LiquidationBy Insolvency GuardianApril 11, 2016

KUALA LUMPUR (April 11 ): Cliq Energy Bhd’s management team led by managing director and chief executive officer Ahmad Ziyad Elias has filed a judicial review application, which aims to prevent the company from being liquidated. In a statement to Bursa Malaysia, oil and gas entity Cliq said the management team via Best Oracle Sdn…

Bankrupt businessman Simon Stokes’ estranged wife Conach tells court she wants to be added to creditors list – Irish Independent

BankruptcyBy Insolvency GuardianApril 11, 2016

Published 11/04/2016 | 12:38 Simon Stokes and Conach Stokes BANKRUPT businessman Simon Stokes’ estranged wife Conach has told the High Court she wants to be added to his list of creditors as part of his bankruptcy process. Share Go To “I just want you to make you aware about the situation and how he has…

Why you should help your employees pay off their student debt – CanadianBusiness.com

Debt HelpBy Insolvency GuardianApril 11, 2016

(Illustration by Peter Arkle) It was an otherwise unremarkable day in mid-February when nascent computer scientist Evan Maynard received some tremendous news. In a meeting with his boss, Maynard, who will graduate from St. Marys University this spring, learned that the company where he had been working part-time for nearly a year wanted to help…

Theft from employer paid gambling debt – New Zealand Herald

Debt HelpBy Insolvency GuardianApril 11, 2016

By Lauren McMah of news.com.au, Melissa Nightingale A Whanganui woman stole more than $28,000 from her employer and left a note explaining she had done it to pay off gambling debt. The gambling addiction “stemmed from boredom” after Kelly-Ann Webster had a stroke, defence lawyer Anna Brosnahan told Whanganui District Court. Webster, 43, was in…

Support grows for gift card protection – Sydney Morning Herald

LiquidationBy Insolvency GuardianApril 11, 2016

Gift card holders have been left out in the cold by the Dick Smith collapse. Photo: Josh Robenstone Australia’s largest investment bank has backed a proposal to secure funds from the sale of gift cards in a trust so customers are not left empty-handed if the business collapses.  The suggestion was made after customers were left with thousands of dollars…

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless – AlterNet

BankruptcyBy Insolvency GuardianApril 11, 2016

Exposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…

Arrium into voluntary administration – Newcastle Herald

LiquidationBy Insolvency GuardianApril 11, 2016

KEYS HANDED OVER: Arrium’s Whyalla steelworks are now in the hands of a voluntary administrator. Photo: David Mariuz The owner of the Whyalla steelworks, Arrium, has been put into voluntary administration by the embattled group’s board, throwing into doubt the future of thousands of jobs at the steel plant in the northern South Australian regional city. The…

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