NT reports highest gains but Darwin sees biggest reduction in debtors. Areas of regional Australia have recorded significant increases in the number of individuals entering into personal and business-related insolvency. The Australian Financial Security Authority (AFSA) has released regional personal insolvency statistics for the June quarter 2016. There was an 11% nationwide increase in the…
The common statement of policy principles was adopted Monday on the opening day of the Democratic National Convention in Philadelphia. Here are its key points: The one percent Echoing a central message of the Clinton campaign — “stronger together” — the document’s preamble also makes a forceful case against wealth inequality and adopts phrasing used…
In a twisted case of impending debt, the Italian court in Pesaro declared motorcycle maker Benelli as bankrupt in a ruling after the company failed to settle its dues with a component maker. The court order was made despite the fact that the bike maker offered to pay his debt to the company and claimed…
Benelli were declared bankrupt despite the company’s insistence it isn’t Related stories Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to…
The final remaining unrated professional indemnity insurer has been ordered to stop writing any new business after suffering a financial collapse. The Gibraltar Financial Services Commission said today it has intervened in the operations of Enterprise Insurance Company PLC after being informed that the business was insolvent and unable to secure additional funding. Advertisement Enterprise was…
Prime Minister Najib Abdul Razak’s claim that 1MDB had contributed immensely to social welfare is a “farce” as it is funded by debt that is borne by taxpayers, Petaling Jaya Utara MP Tony Pua says. Najib yesterday praised 1MDB Foundation for donating RM10.4 million to sponsor 1,100 pilgrims to perform the Haj this year. In…
Customers are to be given more reminders over the end of promotional periods and more ability to choose payment dates, following a study of the market by the Financial Conduct Authority (FCA). The watchdog set out the measures in the hope consumers will get a better deal and pay less for debts. More rules are…
Lord Lucan was killed by his aristocrat friends and buried in Switzerland, it is claimed. The debt-ridden peer murdered his childrens nanny and attempted to kill his wife before being flown to a safe-haven by his gambling circle. The 7th Earl of Lucans associates, known as the Clermont Set, had sympathy with him due to…
Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…
Research Corridor has published a new research study titled Business Restructuring International Oil Market Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 2022. The Business Restructuring International Oil market report studies current as well as future aspects of the Business Restructuring International Oil Market based upon factors such as market dynamics, key ongoing trends and…