CHANDIGARH: The Punjab government will waive the loans of around 50,000 farmers, amounting to Rs 200 crore, during a state-level function in the first week of April in Gurdaspur, said a spokesperson of the state government on Sunday. The function will be help as part of the next phase of the Congress governments debt-relief scheme.…
Former rugby league star Jarrod McCracken has been handed a $5000, two-year good behaviour bond for leaving the country while bankrupt. McCracken, 47, appeared in Brisbane Magistrates Court on Monday where he pleaded guilty to three charges of leaving Australia, and one of preparing to leave Australia, while an undischarged bankrupt. The court heard the…
Mon, Mar 26, 2018 – 9:23 AM NOBLE Group Limited said its board of directors believe the proposed restructuring will result in a “fair and equitable treatment of all shareholders”. It is referring to the restructuring support agreement (RSA), whose “primary restructuring” proposal requires a simple majority of the existing shareholders. Under the RSA, if…
Embattled commodity trader Noble Group Ltd. issued a defense of its planned restructuring, saying that if shareholders vote down the plan, it will probably enter insolvency proceedings in the U.K. and existing equity holders risk being wiped out. If the primary restructuring is not approved by shareholders, the board will have no option but to…
Former rugby league player Jarrod McCracken has pleaded guilty to leaving the country while bankrupt. McCracken appeared in Brisbane Magistrates Court on Monday to face four charges of leaving and preparing to leave Australia while an undischarged bankrupt without the consent of a trustee. The embattled former New Zealand footballer, who will be sentenced on…
An entrepreneur takes many risks simply by making the choice to start a business. You likely did all of your homework and have an excellent business model youre using. You likely secured financing through credit cards or a small business loan, both of which seemed sensible considering your anticipated revenue. If business isnt going quite…
Michelle OSullivan didnt hesitate when she was offered the chance to reduce her HECS debt and stay in the country town she now calls home. The director at Mathoura Preschool was the recipient of an incentive scholarship that gives $9000 to early childhood educators to help with education costs. Originally from Geelong, Michelle has worked…
Allan Endresz is the face of business nightmare. In two decades of evading pursuit by government regulators, the disgraced share trader has found a way to ensure he never has to pay his debts to anybody. In the epic saga Endresz was telling his Cook Islands bank that he secretly owned $50 million in stock…
A ROCKHAMPTON construction company which went into voluntary liquidation last month with debts of more than $2m, is suing two companies for money owed. Civil and mining construction company Busby Contracting Pty Ltd went into voluntary liquidation on February 5, owing $2.4 million to creditors, employees and the tax office. On Thursday, Busby Contracting’s lawyer…
Former Auburn deputy mayor Salim Mehajer has been slapped with drug dealing charges a week after being declared bankrupt. In the latest blow for Mehajer, who has been behind bars charged with conspiracy to pervert the course of justice and conspiring to cheat or defraud since January, he has now been charged relating to the…