47 declare bankruptcy in Gladstone over a grim three months – Central Queensland news

THE number of Gladstone residents struggling with financial ruin has been released, suggesting the pain isn’t over for many families. New figures show 47 Gladstone people found themselves in financial ruin from October – December 2016. The figures, released by Australian Financial Security Authority, reveal the how many new insolences and bankruptcies were made in…

Bidders circle insolvent German cocoa firm Euromar – sources … – Daily Mail

By Reuters Published: 19:13 +11:00, 31 January 2017 | Updated: 19:13 +11:00, 31 January 2017 e-mail HAMBURG, Jan 31 (Reuters) – Several potential bidders have expressed an interest in German cocoa grinder Euromar Commodities GmbH, which declared insolvency in December, sources with knowledge of the situation said on Tuesday. Some five groups have shown interest,…

‘I was an idiot’: Emotional Gail Porter breaks down in tears as she reveals she hid her unopened bills under her … – Daily Mail

The 45-year-old recently revealed she had to sleep on a park bench for a couple of nights after going through a hard time By Rebecca Davison for MailOnline Published: 01:06 +11:00, 31 January 2017 | Updated: 02:15 +11:00, 31 January 2017 e-mail 209 View comments She revealed she has been declared bankrupt and and had…

You may be risking your entire wealth if you’re a company director for a friend or family member. – The Age

Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…

You may be risking your entire wealth if you’re a company director for a friend or family member. – Brisbane Times

Some owners frequently risk their family finances because they don’t fully understand their legal obligations as company directors. Owners often structure a new business as a company (as opposed to a sole trader) for tax benefits and legal protection through limited liability. Being a director has huge responsibilities attached. Photo: Jon Boyes But legal experts say many…