Rag trader Malcolm Webster sells Darling Point terrace for about $4.8 million – Domain News

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.…

Legal Aid pledges help for people affected by Centrelink’s robo-debt – Cootamundra Herald

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 Talks About Credit Card Consolidation And Debt Settlement – Benzinga

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…

‘Debt vultures’ preying on financially vulnerable as lawyers prepare to launch $30m class action – ABC Online

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…

Insolvency safe harbour reforms back on the agenda, but more work needed – SmartCompany.com.au

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…