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Daily Archives: May 25, 2019

More than a million seniors qualify for new-look Pension Loan Scheme – Sydney Morning Herald

BankruptcyBy Insolvency GuardianMay 25, 2019

In last years Federal Budget, the Coalition government announced it would expand the scheme, so it can be accessed by a far greater number of pensioners. To qualify, you or your partner have to be at least age pension age, own your own home outright or own an investment property outright, have adequate insurance covering…

Could the government step in to save stricken British Steel? – The Guardian

BankruptcyBy Insolvency GuardianMay 25, 2019

To see the Scunthorpe steelworks in action is to witness British manufacturing prowess at its most visually stunning. Huge slabs of steel, glowing orange with heat, flow seamlessly through the plant, destined to become anything from paperclips to the steel ropes that support the Humber Bridge. Even from a safe distance, the searing 1,000-degree temperature…

The new way to deal with mortgage debt – The Irish Times

BankruptcyBy Insolvency GuardianMay 25, 2019

The judge was not happy. A vulture fund that had bought bad mortgages from banks questioned the legality around how a couple went about seeking a remedy to their severe financial problems. The couple in question, musician-composer Frank McNamara and his wife Theresa Lowe, the TV presenter-turned-barrister, are among the best known people to have…

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