Federal Government urged to continue funding specialist problem gambling counsellors – Queensland Country Life

Most clients of problem gambling counsellors were unable to pay their bills or debts. Photo: Financial Counselling Australia Until the day they sat in front of a counsellor, Sue* had no idea about the extent of her husband’s gambling addiction. On top of a $73,000 credit card debt, he had used $70,000 from his self-managed super fund. What’s worse,…

Pie Face closes remaining company-owned stores – Open House Foodservice Magazine (press release)

Image: Closed Pie Face store in Sydney via Wikipedia. Pie Face went into voluntary administration in 2014 while it was operating 70 company-owned and franchised stores within Australia. Following the closure of 20 outlets and a restructure of the business, Pie Face came out of administration early last year. After falling into receivership late last month, the business…

Institute of Company Secretaries of India forms Insolvency Professional Agency – The Indian Express

By: PTI | Kolkata | Published:November 26, 2016 3:50 pm Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration.The Insolvency and Bankruptcy Code of India has got the Presidents assent and is now in place. ICSI thus has formed…

State-Owned Firms Resist Pressure to Help Banks With Bad Debt – The Wire

Share this: Prime Minister Narendra Modi listens to finance minister Arun Jaitley during the Global Business Summit in New Delhi January 16, 2015. Credit: Reuters/Anindito Mukherjee Indias government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it…