Coronavirus: Debt letters ‘make money problems worse’ – Yahoo News Australia

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 nickel refinery business insolvent before administrators took over, court rules – ABC News

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…

Leclanché ‘requires restructuring to overcome balance sheet situation’ and pivots business models – Energy Storage News

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,…

Matt Callaghan Joins FTI Consulting’s Corporate Finance & Restructuring Segment as Senior Managing Director – GlobeNewswire

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…

After recovering from COVID-19, African cardinal calls for debt relief for continent – Crux: Covering all things Catholic

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…

‘Most expensive pizza’: Super windfalls spent on takeaways and gambling – The New Daily

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…