Embattled former Maori Party co-leader Marama Fox is eyeing a return to Parliament in 2023, but says she’s focused on her current cashflow problems at present. Fox, whose consultancy company was liquidated last week, estimates she owes around $156,000 to creditors but says she’s determined everyone will be paid back. Her business problems prompted her…
zhu difeng/Shutterstock If you feel like youre drowning in debt, youre not alone. According to Experians State of Credit report, the average household has $24,706 in non-mortgage debt. That means things credit cards, medical bills or car loans. With such a heavy debt load and high interest rates, digging yourself out from that debt can…
Jude Petheram Rowan Kearns, director and controlling shareholder of Forestlands NZ Ltd. Shareholders say Kearns has cut contact with them except for updates on his website. (File photo) Investors in Forestlands NZ Ltd say they have little hope of receiving their promised returns as the company goes into liquidation. Forestlands put up no contest when the…
Scores of debt-ridden young people in Birmingham are declaring themselves insolvent before they reach their mid-twenties. New data shows a total of 1,512 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 88 were aged…
Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million, partly due to restructuring costs following the loss of its contract to supply Chemist Warehouse in July. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, says…