Administrators for the troubled milk supply company National Dairy Products (NDP) have announced another creditors meeting is to be held, to decide the companys future. The meeting comes amid claims the company may now be put into liquidation. Deloitte joint and several administrator Glen Kanevsky has written to creditors, telling them the next meeting would…
Virgin Australias profits are being squeezed by a fall in the number of people flying within Australia. Australias second largest airline reported a drop of $27.1 million to $45.9 million in underlying profit before tax for the second quarter of the financial year, compared to the same period last year. Statutory profit after tax for…
Mary Esch | AP File photo, students fill their lunch trays at J.F.K Elementary School in Kingston, N.Y., where all meals are now free under the federal Community Eligibility Provision. In Bellevue, Washington, Ford’s tweet moved Beau Gunderson. “I saw a tweet by Ashley C. Ford on Twitter and thought, ‘That is something I could…
Coming to college can be overwhelming. Deciding where to live, shopping for groceries and juggling bills can be a difficult balancing act. College students have to face the financial responsibilities of growing up while dealing with student loans and filing taxes. In their new book, The Official Money Guide for College Students, authors Susan Beacham,…
Fletcher Steel was successful yesterday in its High Court application to have Dunedin niche engineering company DC Ross forced into liquidation, over a debt of more than $600,000. DC Ross was placed in receivership by its majority shareholders, Dunedin business family the McConnons, in mid-September, with debts totalling almost $19million. Liquidation proceedings will now overtake…
Marcs and David Lawrence are the latest Australian fashion brands to fall into administration. ITS BEEN a treacherous few months for the fashion industry. First Payless Shoes and Pumpkin Patch went under, and now two of Australias best-known clothing brands are facing an uncertain future. Marcs and David Lawrence have been placed into voluntary administration…
Mumbai/Chennai: Corporate restructuring is a common practice. Assets or shares are transferred by one company to another group company for various business reasons. Such a transfer can even be done by way of a ‘gift’, which mitigates tax liability. It is this mode that the Budget proposals now seek to plug. Currently, taxation of gifts…
This post is hosted on the Huffington Post’s Contributor platform. Contributors control their own work and post freely to our site. If you need to flag this entry as abusive, send us an email. It has been hard to find resources to assist senior citizens who are struggling with debt. Not only are they scared…
Debt can be a burden at any age because it can prevent you from getting ahead financially. But debt can be an especially heavy weight in retirement. Making monthly debt payments can leave you with less money to cover necessary expenses especially if you’re living on a fixed income. “If you ignore this situation, it…
Hanjin Shipping is expected to be finally declared bankrupt on 17 February a Seoul court said today. The Seoul bankruptcy court decided to end Hanjins receivership process on 2 February setting a date of 17 February for the company to be declared bankrupt following appeals. The court found that Hanjins liquidation value would be higher…