Rachel Edwards has faced mental health difficulties for decades. Bouts of depression have also brought financial problems for the 43-year-old grandmother. She believes that letters, warning about falling behind on debt and which lenders are compelled to send by law, are often counter-productive. “You get these letters and they make you bury your head even…
Clive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found. Key points: Justice Mullins says claims against Mineralogy by liquidators could not succeed Clive Palmer says the ruling “vindicates” his faith in the justice system He says he will now consider seeking compensation But Justice…
Published: 2 Jun 2020, 15:28 Leclanch is undergoing a strategic reorganisation of the company and said it has secured funding for its manufacturing and R&D activities while also announcing a pivot towards becoming a green tech software and systems integration company. After first revealing that the reorganisation would be forthcoming in September of last year,…
June 02, 2020 04:00 ET | Source: FTI Consulting, Inc. LONDON, June 02, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Matt Callaghan as a Senior Managing Director in the firms Corporate Finance & Restructuring segment in London, where he will lead the UK mid-market and insolvency offering. Mr…
Italian giant Eni is reportedly considering a major reorganisation of its business in response to the current market that would see it breaking off into two separate units. According to a report by Italian media outlet IlSole24, Enis restructuring plans could see one segment of the business dedicated to oil-related midstream and upstream activities, with…
In a file photo, Cardinal Philippe Nakellentuba Oudraogo of Ouagadougou, Burkina Faso waves as he leaves St. Peter’s Basilica after a consistory at which he was made a cardinal by Pope Francis at the Vatican Feb. 22, 2014. (Credit: Paul Haring/CNS.) ROME Cardinal Philippe Oudraogo, who is now recovered after contracting the coronavirus, has issued…
Need to know The people who spoke to us about their long-term credit card debt reveal the financial and emotional toll this debt can take No- or low-interest balance transfer offers often leave people with more debt than they started with CHOICE is calling on the banks to offer a six-month payment deferral on all…
OVERVIEW On 20 May 2020, the Corporate Insolvency and Governance Bill (the Bill) was introduced to the House of Commons for its first reading, with the aim of completing all its stages in the Commons and progressing through the House of Lords by late June or early July. The Bill has the purpose of introducing…
Paul McLean has achieved two of his three goals before stepping down. Rugby Australia met the second of outgoing chairman Paul McLeans three targets before his retirement on June 15, when it signed off on the companys 2019 financial accounts, following the completion of an audit by KPMG. McLeans goals were to secure a new…
Emergency access to superannuation during the COVID-19 shock has triggered a spending spree for some Australians, who are splashing cash on gambling, alcohol and takeaway food rather than essential household items. Real-time bank transaction data crunched by the advisory firms Alpha Beta and Illion shows that many people dipping into their retirement nest eggs have…