Betting giant Tabcorp has been ordered to stop accepting cash at its machines in Victorian pubs and clubs unless they are properly supervised by staff after a teenager – with gambling debts of nearly $100,000 – placed bets at multiple venues. According to the state’s gaming regulator, the 16-year-old was able to gamble on more…
The consequences of bankruptcy can be devastating, as the Post Office scandal has laid bare. As dramatised in the ITV hit Mr Bates vs the Post Office, several former Post Office workers were forced to go bankrupt after they struggled to cover the fictional financial losses out of their own pocket or fight in court…
The hits keep coming at collection outfit Panthera Finance. PwC Australia has been appointed voluntary administrator to PF Group Holdings Pty Ltd and PF Management Holdings Pty Ltd – the parent entities of Brookfield Special Investments-backed Panthera Finance Group’s subsidiary companies – by the group’s secured creditor. Loading… Read the original article here
If efforts to address record global public debt are to leave no stone unturned, then weak disclosure laws warrant deep scrutiny. Hidden debt is borrowing for which a government is liable, but which is not disclosed to its citizens or to other creditors. And while this debt—by its nature—is often kept off the official government…
UPDATE: An exclusive report from Reuters indicates that Nissan is the automaker with which Fisker is negotiating. The two companies are allegedly in “advanced talks,” and could finalize a deal by the end of the month. Nissan would allegedly invest more than $400 million into the platform for Fisker’s Alaska electric pickup, and the Japanese…
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “Company insolvencies in 2023 reached their highest annual total in 30 years reflecting the difficult business environment that companies have faced over the last 12 months. The final quarter of 2023 also saw the highest quarterly number of Creditors Voluntary Liquidations (CVLs) since this data started to…
Gamblers in 28 U.S. states can now make legal sports bets from their mobile phones, which has fed fears that a problem-gambling epidemic is building. When Rob Minnick needed money to fuel his betting habit, he often found it where a lot of gamblers do. He got a cash advance on a credit card. Minnick…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
A civil construction company has gone bust, leaving millions in unpaid debts and dozens of workers out of a job. Mainscarf, which trades as Hansen Constructions NQ, fell into voluntary administration on January 3, with administrators David Stimpson and Michael Brennan of SV Partners appointed to take control of the North Queensland company. A report…
Debt management & lending Altus Group Read the original article here