The number of debtors who entered a personal insolvency in regional Victoria increased by 14.5 per cent in the June quarter, compared to the March quarter. Bendigo was one of the main contributors to the rise, alongside Wellington and Ballarat. Twenty-five debtors were recorded in Bendigo in the June quarter, compared to 16 in the…
Comments Print /License AA Speculation is growing that Bombardier Inc. is weighing the potential sale of its Learjet luxury plane franchise, even as the company insists it remains comfortable with the business. Chief executive Alain Bellemare and his team are taking a more dispassionate view of assets than previous management, as shown by the companys…
A Queensland-based financial services company has collapsed into liquidation with millions of dollars in debts. The Australian Tax Office is reportedly the largest creditor of Gold Coast-based firm Members Alliance and its related entities, with the Gold Coast Bulletin reporting the ATO is owed $29 million. Of that figure, the company, which was evicted from…
NEW YORK–(BUSINESS WIRE)– Fitch Ratings has assigned the following ratings and Rating Outlooks to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C05: –$385,709,000 class 2M-1 notes ‘BBB-sf’; Outlook Stable; –$257,139,000 class 2M-2A exchangeable notes ‘BB+sf’; Outlook Stable; –$459,178,000 class 2M-2B exchangeable notes ‘B’; Outlook Stable; –$716,317,000 class 2M-2 notes ‘Bsf’; Outlook Stable; –$257,139,000…
09 August 2016 Emma Ryan View Comments A former litigation specialist for Holding Redlich has taken up a new position at a Queensland law firm. Alexandria Geokas (pictured)…
BEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring. On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them. Among the set…
Oil doesn’t just float on water. It’s pretty buoyant on debt, too. My colleague Lisa Abramowicz wrote earlier this week about the flood of money into emerging market debt this year. Just as investors are now willing to take negative yields on trillions of dollars in developed-economy sovereign debt, the premium they demand for bonds from…
Aug 10, 2016 12:33 pm ET Allegations of poor corporate governance practices at U.K. retailer BHS has led some to call for greater oversight of private companies, but governance specialistsand even legislatorssay that instead of more regulation, the focus should be on improving corporate culture. Member… Read the full article at: http://blogs.wsj.com/riskandcompliance/2016/08/10/governance-at-private-cos-best-tackled-by-changing-culture/
The basis of the deal is to keep the directors in control, preserve the business and give it a fighting chance to survive. Is your business at risk? Here’s a simple test you could use to find out if your business is in danger of entering a difficult phase or has risk of bankruptcy. Many…
There are ways that someone in debt can protect themselves against foreclosures and angry phone calls, and earn a little more time to pay back their debts. While its a great option for helping to relieve debt, many homeowners facing foreclosure and other circumstances of debt are hesitant to file for bankruptcy. Richard Weaver, Attorney…