Personal loans main cause of bankruptcy, especially among youth – New Straits Times
Personal loans main cause of bankruptcy, especially among youth New Straits Times Read the original article here
Surge in number of Australians seeking debt help – News
Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in people seeking financial help. More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year. The increase showed how difficult it was for…
Surge In Number Of Australians Seeking Debt Help
More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year. The increase showed how difficult it was for many Australians to get by at the moment, said Peter Gartlan, co-CEO of Financial Counselling Australia, which co-ordinates the helpline service. “Cost-of-living pressures are…
Aussie building company collapse leaves homeowners out-of-pocket – MSN
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
US electric vehicle manufacturer files for bankruptcy
Canoo, a U.S.-based electric vehicle (EV) manufacturer, has filed for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, the company announced Friday. Chapter 7 bankruptcy is a legal process that involves the complete liquidation of a company’s assets to repay creditors. Unlike Chapter 11, which allows companies to restructure and continue operations, Chapter 7…
Canoo Inc. files for Chapter 7 bankruptcy amid financial struggles, ending operations
Canoo Inc., the electric vehicle startup that came to the state in 2021 and had facilities in Oklahoma City and Pryor announced Friday it has filed for Chapter 7 bankruptcy. The company said it could no longer sustain operations after failing to secure federal loans or attract foreign investors. Canoo Inc. statement in Jan. 17,…
Aussie building company collapse leaves homeowners out-of-pocket – MSN
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
The social order of illegal markets in cyberspace: extralegal governance and online gambling in China
Extralegal governance institutions refer to private or nonstate mechanisms, such as norms, rules, organizations, and behavioural equilibria, which are used to mitigate risks, promote cooperation, and deter opportunism (Dixit, 2004; Leeson, 2008). This section first examines the risks faced by participants in illegal markets and how these risks evolve when illegal transactions move online. It…
Gambling normalised if children allowed to buy Lotto tickets, harm prevention agency says
The law is set to change to ban the sale of all in store and online Lotto products to those who are under 18. Photo: RNZ/Asia King The Problem Gambling Foundation says children should never have been able to purchase gambling products … even for their parents. Currently Instant Kiwi tickets are the only Lotto…
Lawyer Accused Of Using Firms Money For Gambling Debt
A high-profile attorney who has argued cases before the Supreme Court was indicted Thursday after federal prosecutors in Maryland accused him of tax evasion and using his law firm’s money to pay millions of dollars in high-stakes poker debt. Thomas Goldstein, 54, the publisher of SCOTUSblog, has been charged with several tax-related crimes, along with…