YOU might not realise it, but any unsecured debt you have can reduce your ability to borrow for a home loan. Unsecured debt refers to any type of debt that doesn’t need any form of security to back the loan. Credit cards are a popular example, with Australians currently owing about $32billion on credit cards…
General Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan. The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged. GE is looking for a shot in the arm, having fallen…
Theres the debate on executive remuneration and how directors should think about the quantum of executive pay in an environment where there are concerns about the impact of income inequality. ” How do directors think about reputation management and the sustainability of brand in this environment of concern?” Theres discussion over the need for directors…
Australian mobile phone repair business Fonebiz blamed its collapse on vendors taking repairs in-house and making it easier for competitors to gain accreditation. Fonebiz entered voluntary administration last month after 22 years in business, appointing Mackay Goodwin as administrators. Its 38 staff were stood down. The company previously had locations in Sydney, Wollongong and Auckland,…
Myalup business cops fine Court: Mermaid Towers was convicted in their absence of three counts of taking water when not the holder of a licence. Mermaid Towers Pty Ltd, the company responsible for water licensing for Carnabys Park at 5713 Forrest Highway, did not appear in court and was convicted in their absence of three counts…
KUALA LUMPUR: The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year. Deputy Finance Minister, Datuk Othman Aziz, said one of the major causes of bankruptcy among younger generation due to credit card debt was the…
NEW DELHI: Metals and mining giant Vedanta Ltd today said it has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP). The company has “submitted a preliminary non-binding Expression of Interest for submission of resolution plan of Jaypee Infratech Ltd under corporate insolvency process (CIRP),” Vedanta Ltd…
NEW DELHI: The government is considering amending its insolvency law to prevent existing promoters of bankrupt companies from reacquiring them during the resolution process at a steep discount. The current Insolvency and Bankruptcy Code, passed last year, does not prevent promoters from bidding for these stressed assets during the resolution process. Some owners are reported…
Yesterday, high stakes poker players and owner of Nottingham’s Dusk Till Dawn Poker Club weighed in with his version of events of the Matt Kirk and Leon Tsoukernik $2m debt incident, and his blog post might just cause people to change their current opinion on the situation. …
SAN MATEO, Calif., Nov. 13, 2017 /PRNewswire/ — As revolving debt such as credit cards continues to increase, Andrew Housser, co-founder and CEO of Freedom Debt Relief (FDR), offers four signs to spot debt that’s becoming unmanageable. U.S. consumers owe $3.79 trillion in consumer debt. The average household with credit card debt owes nearly $17,000 on…