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Daily Archives: May 2, 2017

The good, the bad and the ugly of debt – Northern Star

Debt HelpBy Insolvency GuardianMay 2, 2017

ALL this talk from politicians about good debt and bad debt is just another way of confusing the issue. Treasurer Scott Morrison’s new approach to ‘good’ and ‘bad’ debt will be interesting to hear when he cuts details of the Budget 2017-18 loose at approximately 7.30pm (AEST) on Tuesday 9 May 2017, as he commences…

One in 5 Baby Boomers to retire with mortgage debt | afr.com – The Australian Financial Review

Debt HelpBy Insolvency GuardianMay 2, 2017

Baby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…

Waco Oil and Gas Hosts Retirement Liquidation Auction – The Exponent Telegram (press release) (registration)

LiquidationBy Insolvency GuardianMay 2, 2017

After more than 50 years in business, Ike Morris, owner of Waco Oil and Gas Co., has decided to retire. The 79-year-old Glenville businessman and philanthropist said his age was a big factor in the decision. Were going to shut down the contract work and everything, Morris said. Were still in the royalty and land…

Point To Point building company goes into liquidation leaving homeowners in the lurch – New Zealand Herald

LiquidationBy Insolvency GuardianMay 2, 2017

Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the…

Austria’s oldest football club First Vienna FC, founded by Brits, faces final whistle – The New Indian Express

BankruptcyBy Insolvency GuardianMay 2, 2017

VIENNA: “Vienna til I die!” chanted the fans, in accented English, at a recent rainy match, testament to the British roots of Austria’s oldest football club: the once-mighty First Vienna FC 1894. But while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was once…

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