The Australian Banking Association supports the Federal Governments proposed licencing regime for debt management firms and has called for further changes to protect consumers. Debt management and credit repair services are targeted at Australians at risk of financial vulnerability and can exacerbate or even cause financial hardship. There is a clear benefit to the community…
Banks are backing a government push to license debt management firms, to stop people from getting ripped off. Debt and credit repair services target Australians at risk of financial troubles and can often exacerbate their hardship. Australian Banking Association chief executive Anna Bligh wants much stronger regulation of the sector. “Banks are encouraging the government…
An image from Soar Aviations Facebook page, taken in 2019. Soar Aviations directors have denied claims by KPMG that the firm could have been insolvent for up to a year before it entered administration, Australian Aviation can reveal. A new note to creditors authored by the professional services firm also said the flight schools directors…
I would like to know whether the one-third payout from a retirement annuity at retirement age would be protected from creditors? Thank you for sending your question through. You have raised a very important question as it is vitally important to understand how and when your retirement fund benefits enjoy protection from ones creditors. At…
image copyrightRobert Melenimage captionClare Louise Thomas, also known as Louise O’Halloran, has previously refuted all allegations against her and her business A businesswoman who was one of the Scarlets rugby team’s main sponsors has been declared bankrupt. Clare Louise Thomas’ firm Juno Moneta Group owes the region more than 500,000, believed to be in relation…
The Underneath Studio: Kino Lorber Studio Classics Feb 15, 2021 Web Exclusive By Ed McMenamin Michael Chambers (Peter Gallagher) is a gambling addict back in his hometown to visit his widowed mother, who is re-marrying in middle age, and his brother, a jealous cop who is furious that Michael didnt help out at home after…
Kari Boudreau did everything by the book when it came to her student loans. She still couldnt stay ahead of her debt. A self-proclaimed rule follower, Boudreau was the first in her working-class Northfield, Minn., family to go to college, earning a degree from Iowa State University that led to her buildinga successful chiropractic business.…
Perini Navi’s 230-foot-long Sybaris that was designed by Phillipe Briand won great acclaim in 2018. Perini Navi Two of the worlds leading yacht buildersFerretti Group and Sanlorenzoalso happen to beItalianyacht builders. So, Im not surprised that when news of another storied Italian superyacht builderPerini Naviwas in financial distress, the leadership teams from the Ferretti Group…
The Underneath Studio: Kino Lorber Studio Classics Feb 15, 2021 Web Exclusive By Ed McMenamin Michael Chambers (Peter Gallagher) is a gambling addict back in his hometown to visit his widowed mother, who is re-marrying in middle age, and his brother, a jealous cop who is furious that Michael didnt help out at home after…
ASIC has permanently banned a former Sydney financial adviser following his involvement in 14 failed companies, including an SMSF firm. ASIC has permanently banned former Sydney financial adviser Daniel Stuart McSweeny from providing financial services. On 18 December 2018, Mr McSweeny was charged with 20 dishonesty offences and one offence of falsifying books as a…