Euro-area finance ministers gathering in Brussels on Monday failed to break an impasse on debt relief for Greece, delaying the completion of the countrys bailout review and the disbursement of fresh loans needed to repay obligations in July. After nearly eight hours of talks and multiple draft compromises, Athens and its creditors couldnt reach an…
Simon Anquetil, one of the accused co-conspirators in the $165 million fraud against the Australian Tax Office, previously engaged in phoenix activity and alleged fraud as part of his role in his former IT company. EStrategy Group, which was wound up by the court in 2013 owing more than $200,000 to the ATO and American…
The High Court has rejected a banks proposal to warehouse almost half of an insolvent couples mortgage for repayment at a later date because a formal deal to resolve all their debts was a once in a lifetime solution. In a judgment that has major implications for how banks deal with insolvent debtors, Ms Justice…
International Reuters May 22, 2017 20:24 IST Updated: May 22, 2017 20:24 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break;…
The ruling could mean banks may no longer be able to warehouse part of a mortgage when a formal debt deal is put in place for a homeowner. Ms Justice Marie Baker ruled in the High Court, in an appeal case, that including a split mortgage as part of a Personal Insolvency Arrangement (PIA) was…
Greece looks for more debt help after cuts commitment BelfastTelegraph.co.uk Greece is seeking to persuade its creditors in Europe that it has done enough to receive another chunk of bailout loans and a commitment on alleviating Athens’ hefty debt burden. http://www.belfasttelegraph.co.uk/news/world-news/greece-looks-for-more-debt-help-after-cuts-commitment-35741699.html http://www.belfasttelegraph.co.uk/news/world-news/article35741698.ece/c1d27/AUTOCROP/h342/PANews%20BT_P-96abfdb2-7db4-473d-8657-e4700c7a06d8_I1.jpg Email Greece is seeking to persuade its creditors in Europe that it has…
Reforms agreed by Greece are remarkable but the Greek economy is not yet competitive and Athens must press ahead with implementing its existing reforms-for-aid program, German Finance Minister Wolfgang Schaeuble said on Monday. Schaeuble, a conservative, stuck to his position that Greece must implement its existing program after German Foreign Minister Sigmar Gabriel, a Social…
By Associated Press Published: 20:04 +10:00, 22 May 2017 | Updated: 22:40 +10:00, 22 May 2017 e-mail BRUSSELS (AP) – Greece is seeking Monday to persuade its creditors in Europe that it has done enough to get another chunk of bailout loans and a commitment on alleviating Athens’ hefty debt burden. Greek Finance Minister Euclid…
Banks will no longer be allowed to warehouse part of a mortgage when a formal debt deal is put in place for a homeowner. This is because Ms Justice Marie Baker ruled in the High Court that banks could not include a split mortgage as part of a Personal Insolvency Arrangement. This will limit what…
Wicked Travel promised the trip of a lifetime, but its gone bust leaving backpackers out of pocket. A TRAVEL agency known for its aggressive sales techniques has gone bust, leaving holiday-makers thousands of dollars out of pocket. Wicked Travel has been placed into administration, owing about $1.5 million to suppliers, customers and staff, according to…