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Daily Archives: August 30, 2017

‘Floodgates to destruction’: Ex gambling addict urges WA to continue to resist pokies – WAtoday

GamblingBy Insolvency GuardianAugust 30, 2017

A Canberra woman whose life was nearly ruined by an addiction to poker machines is calling on policy makers in Western Australia to continue to resist any change to the state’s pokie laws. Unlike in the eastern states,where pokies can be seen in just about every pub, bar and club while governments rake in billions from…

Harvey May Spur Congress to Avoid Shutdown, Debt-Ceiling Fights – Bloomberg

Debt HelpBy Insolvency GuardianAugust 30, 2017

Hurricane Harvey may help Congress delay a possible U.S. government shutdown and avoid a costly fight over raising the debt ceiling. Congress is seen as likely to combine emergency aid for Harvey victims in September with stopgap government funding and a debt-limit increase. That could help Republican leaders persuade President Donald Trump and restive conservatives…

Former gambling addict urges WA to continue to resist pokies – Esperance Express

GamblingBy Insolvency GuardianAugust 30, 2017

A Canberra woman whose life was nearly ruined by an addiction to poker machines is calling on policy makers in Western Australia to continue to resist any change to the state’s pokie laws. Unlike in the eastern states,where pokies can be seen in just about every pub, bar and club while governments rake in billions…

Consumption to remain robust: RBI – Hindu Business Line

LiquidationBy Insolvency GuardianAugust 30, 2017

Mumbai, August 30:   Consumption demand, going forward, is likely to remain robust on the back of expected normal south-west monsoon and possible implementation of the Seventh Central Pay Commission at the State level, apart from the gathering pace of remonetisation, according to Reserve Bank of Indias latest annual report. Further, the thrust of the Union…

Here’s how you can help eliminate $27000 in lunch debt at local schools – KIRO Seattle

Debt HelpBy Insolvency GuardianAugust 30, 2017

by: Lisa Pemberton, The News Tribune Updated: Aug 30, 2017 – 1:50 PM For families who dont qualify for the free or reduced lunch program, the cost of school lunches can be a struggle. But theres an effort to wipe away lunch debt in many of the states schools. Related Headlines As of Wednesday morning,…

Govt may delay PSB mergers as RBI’s new norm on insolvency may hit banks balance sheet – Economic Times

BankruptcyBy Insolvency GuardianAugust 30, 2017

MUMBAI: The government may be forced to put its state-run bank consolidation push on the back burner since at least a dozen of them are staring at a big hole in the balance sheet this fiscal year after RBI told them to get cracking on resolving as many as 50 bad loan accounts or initiate…

No ‘smoking gun’ in fraud trial over collapsed Coast business – The Sunshine Coast Daily

BankruptcyBy Insolvency GuardianAugust 30, 2017

A WOMAN found the job of trying to pay Kleenmaid’s creditors “so stressful she only lasted six weeks”, a prosecutor has told jurors. Barrister Stephen Keim said Andrew Eric Young, accused of dishonestly getting a $13 million loan, was an “important” part of Kleenmaid businesses when the relevant firms were in dire straits. Mr Keim…

Evolva to axe almost half its workforce in restructuring overhaul – ConfectioneryNews.com

RestructuringBy Insolvency GuardianAugust 30, 2017

Evolva will cut its workforce by 43% and spin off its Indian R&D laboratory in an attempt to make cost savings and become “a product-based company”. The Swiss biotech firm announced today it would axe 78 full time jobs from its 178-strong workforce. It did not reveal which departments or geographies would be affected but said…

Defunct education company and owner fined $8.5m for consumer law breaches – ABC Online

LiquidationBy Insolvency GuardianAugust 30, 2017

Related Story: ACCC takes training company to court over alleged misleading conduct Defunct company Get Qualified Australia has been ordered to pay $8 million after it was found to have contravened Australian Consumer Law through misleading and unconscionable conduct. The Federal Court issued the penalty one of the highest ever awarded…

IFG records operating loss following cost of restructuring – Irish Times

RestructuringBy Insolvency GuardianAugust 30, 2017

Financial services group IFG recorded an operating loss of £100,000 during the first half of 2017, down significantly from a profit of £4 million over the same period a year previous. Shares in the company slumped more than 7 per cent last month after the group issued a profit warning. It said profits would be…

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