The federal government has ignored warnings that a regulatory void is allowing so-called debt vultures to operate unchecked, consumer advocates say. It has been 18 months since the Australian Securities and Investments Commission (Asic) warned that debt management firms were engaging in misleading or, in some cases, predatory conduct. The firms offer to help often-vulnerable…
Debt-ridden auto component maker Amtek Auto today said insolvency proceedings initiated by a consortium of banks led by Corporation Bank has been accepted by the National Company Law Tribunal (NCLT). “The application filed by Corporation Bank under section 7 of the Insolvency and bankruptcy Code, 2016… before NCLT, Chandigarh has been admitted by the tribunal,”…
Chemical waste from cooking drugs, carelessly discarded by Canberra’s own Walter White, led the authorities to Stanley Hou’s drug lab. The chemicals were picked up by water testers, who triggered a six-month search for the source of the contamination that uncovered a commercial grade clandestine drug lab capable of producing $10-20 million of MDMA. Busted: Stanley Hou,…
The Indian TV news channel New Delhi Television (NDTV) has fired several employees across the country. While some in the editorial staff say that the TV channel is shifting to MoJo (mobile Journalism), other sources said that the company is facing some financial stress. This comes close on the heels of a very public controversy…
What if filing your insurance claims was as easy as snapping a photo? advertisement Thats precisely what Better, a new app for for filing out-of-network health insurance claims, professes to do. Launched in June, the startup promises just a few simple steps: Visit a doctor, pay the bill, take a photo of the gibberish that is…
Chemical waste from cooking drugs, carelessly discarded by Canberra’s own Walter White, led the authorities to Stanley Hou’s drug lab. The chemicals were picked up by water testers, who triggered a six-month search for the source of the contamination that uncovered a commercial grade clandestine drug lab capable of producing $10-20 million of MDMA. Busted: Stanley Hou,…
Athens has outlined plans to return to the financial markets for the first time since 2014, with a plan to sell new five-year bonds to investors. Existing Greek five-year bonds were trading at 3.6% on Monday morning compared with 63% at the height of the Greek financial crisis in 2012 when the finance ministry was…
News Raymond Doherty 24 Jul 2017 02:32pm The National Bank of Ukraine (NBU) has banned PwC from audit work over an accounting black hole worth billions … Read the full article at: http://economia.icaew.com/en/news/july-2017/ukraine-bans-pwc-from-audit-work
NEW DELHI: The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis rather than be bogged down by it. The rules being framed will help a defaulter repay the money in a structured way, and not be forced to cough…
Former Blackburn Rovers, Birmingham City and Rangers midfielder Barry Ferguson has been declared bankrupt with debts of more than £1.4million. The Daily Record has revealed the ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman. He is one of a number of former Ibrox stars who…