In this series, NerdWallet interviews people who have triumphed over debt using a combination of commitment, budgeting and smart financial choices. Responses have been edited for length and clarity. Six years ago, Cara and Jesse Nuno could not imagine a debt-free life. The Minnesota couple met at an unemployment office in 2010 and married a…
THE company overseeing The Outdoor Furniture Specialists chain has gone into administration amid increasingly tough times for the retail sector. The Brisbane-based company is the head franchisor for 46 stores across Australia and claims to be the largest specialist outdoor furniture retailer in the country. Franchise store operators contacted yesterday said they were continuing to…
The poor standard of record-keeping will make the investigation more difficult, the Insolvency Service saidCARILLION The investigation into potential misconduct in the running of Carillion will be expanded to look at up to 169 directors across the failed construction company, MPs have been told. At the initial hearing of a Commons business and work and…
LONDON (Reuters) – Royal Bank of Scotlands (RBS.L) restructuring business did not turn around the vast majority of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers questions. McEwan and RBS Chairman Howard Davies were being grilled by members of the Treasury Select Committee, which has challenged state-backed…
At the start of the fall semester, attorney Kimball Parker began a new class with nine Brigham Young University law students and a lofty goal: Find an area of law that is difficult for people to navigate and provide a solution. Parker and the students who were enrolled in the LawX course gathered data from…
The Australian government’s proposed director identification number is just one weapon in the war against company phoenixing. By Michelle Lindsay In December 2013, Australian designer jeans label Ksubi was placed into receivership after 13 years in business, putting around 60 employees out of work. While on the surface this was simply a story of…
FTI Consulting, administrators of ailing Australian etailer Surfstitch, has released an update of the second creditors meeting, where the fate of the company will ultimately be decided. In a statement to the market, the administrators stated the creditors will determine the future of the company and the outcome of the voluntary administration at the meeting.…
TOKYO — NEC will offer early retirement packages for 3,000 of the 80,000 people employed in Japan by group companies next fiscal year, as it turns to restructuring yet again to help revive stagnant earnings in a fiercely competitive market. Workers at the Japanese company’s nine domestic factories along with back-office staff will be asked to leave…
Caroline Binham in London January 30, 2018 Top executives at Royal Bank of Scotland say they will no longer fight the main conclusions and recommendations of a withering independent review of alleged mistreatment of small business customers by the bank. Sir Howard Davies, the chairman, said during a bruising hearing before MPs on Tuesday that…
The combination of flatlining wages and big mortgages is driving up the number of people filing for bankruptcy. The Australian Financial Security Authority has revealed that bankruptcies and private debt agreements nationally and in WA are at their highest since the global financial crisis. But figures from NAB yesterday confirmed a different story for the…