London-based rag trader Malcolm Webster has sold his Darling Point terrace ahead of this weekends scheduled auction, bringing an end to his extensive home real estate holdings in Sydney. The sell-off comes after a decision earlier this year to place his high-profile brands David Lawrence and Marcs into voluntary administration, with debts of almost $30 million.…
An Indiana University is looking to help young entrepreneurs leave college debt-free. Nick McGill, Fox 59 News , KIDY 1:23 PM. CDT April 05, 2017 If theres one thing Ben Orcutt knows, its that starting your own business isnt easy. Itll be five years for us this summer, and I took my first paycheck last…
Many different types of insolvency proceedings exist, including receivership, protection under the Companies Creditors Arrangement Act (CCAA), and bankruptcy. But, what are they and how are they different? According to Jeffrey Carhart, partner at the law firm Miller Thomson, perhaps the simplest way to understand the differences is to think about who is in control…
Legal Aid’s Julie Maron, Tahlena Galvin-Moule and Nicole Dwyer. Riverina residents worried about Centrelink debt notices can now have legal queries fast-tracked. Legal Aid has joined forces with community legal centres to give timely and independent legal advice for these people, including those who have received a so-called robo-debt or automated debt notice. Anyone calling LawAccess in relation to a Centrelink debt…
National Debt Relief recently shared in an article published March 20, 2017 some valuable insights to understand credit card consolidation and debt settlement better. The article titled “Questions About Consolidating Credit Card Debt and Debt Settlement” explains some of the most asked questions about the two repayment program. Miami, FL (PRWEB) April 05, 2017 National…
Noelene Mayne was struggling with a $30,000 debt but she never expected that a debt management company would take advantage of her desperate position. Key points: Consumer advocates says some debt management companies acting like ‘debt vultures’ Claims clients are charged high fees and placed on unrealistic budgets Class action launched to recover up…
Fairfax Media has announced new cuts to its editorial operations aimed at delivering about $30 million in annual savings. The major structural overhaul will affect newsrooms at The Sydney Morning Herald, The Age, Brisbane Times and WAToday. Managing director of Fairfax’s Australian Metro Publishing division, Chris Janz, said the proposed changes were required to secure…
Back in April 2016, the federal government proposed amendments to bankruptcy and corporate insolvency laws under its National Innovation and Science Agenda. The government has sat on the proposed amendments for some time now, so it came as a bit of a surprise when a legislation Exposure Draft dealing with safe harbour positions for insolvent…
INFLATION in Malaysia, which has risen to an eight-year high on fuel costs, may spiral into second-round price effects, but may also help control high levels of debt. Typically in the past, there could be second-round effects if the economy is above potential and there are demand pressures, Bank Negara director of economics, Fraziali Ismail,…
PERTH home builder Builton Group was trading while insolvent for several months last year before administrators were called in, but was given a clean bill of health by WA’s Building Commission. The commission audited Builton in November and the company went into administration in January, stopping work on more than 100 building sites around Perth,…