While recent increases in home-loan interest rates by the Big Four and smaller lenders should help cool growth in lending to more vulnerable buyers, banks still face risks from high household debt and an overheated property market, warned Fitch Ratings. The Big Four and many smaller lenders have raised interest rates on home loans for…
ASHLAND, Ore. — Students at Southern Oregon University say something has to be done to address student debt. Through Senate Bill 1034, Oregon lawmakers are considering a way for residents to deduct the total amount of interest and principal paid on loans throughout the year from their state taxable income. Carolyn Stone said for those…
KUALA LUMPUR: Social guarantors will no longer be declared bankrupt if borrowers fail to repay their debts. However, this does not absolve the social guarantors from other forms of legal debt recovery. This was one of the key points in the Bankruptcy (Amendment) Bill 2016 which was passed in the Dewan Rakyat yesterday. Social guarantors…
Disqualified One Nation senator Rod Culleton has played his next card in his campaign against his removal, bizarrely claiming in a 15-page letter to Prime Minister Malcolm Turnbull that courts are invalid because WA has written itself out of the Commonwealth. But the self-described senator in exile appears to have effectively pronounced his own election…
A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across Sydney and…
WICHITA A Parsons woman was indicted Tuesday on federal charges of embezzling more than $5 million from a credit union that was declared insolvent and liquidated in 2014, U.S. Attorney Tom Beall said. Nita Rae Nirschl, 64, of Parsons, is charged in an 81-count indictment including 22 counts of embezzlement, 37 counts of money laundering,…
On 30 March 2017, the European Economic and Social Committee (EESC) adopted an opinion on the European Commission’s proposed directive on business insolvency, which is intended to harmonise preventive restructuring procedures across Europe. While fully supporting the Commission’s shift from liquidation to early restructuring in dealing with business insolvency, the EESC proposes a set of…
The deadline to file your tax return is quickly approaching. But what if you’re one of the millions of Americans who owes the IRS more money than you can possibly pay? It can happen to anyone – even the most honest taxpayer. You miss something, or you make a mistake. And through no fault of…
Cory Riverside Energy has announced the completion of a £520 million debt refinancing package for its Riverside Energy from Waste (EfW) plant in Belvedere, East London. According to Cory, the refinancing package demonstrates the great confidence in the facility as a key piece of waste infrastructure within London. The Belvedere incinerator in south east London.…
Pacific Andes intends to continue its restructuring process. Two subsidiaries of Pacific Andes request to be declared bankrupt HONG KONG Wednesday, March 29, 2017, 02:50 (GMT + 9) As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed…