KUALA LUMPUR: Many civil servants are taking up more loans to cope with the rising cost of living, resulting in them being declared bankrupt. Cuepacs president Datuk Azih Muda (pic) said civil servants from the middle and lower ranks were resorting to such measures, thinking that it would offset their expenditure owing to the rising…
The number of people who have become personally insolvent is expected to have increased in official figures released on Friday. Experts predict there will be around 23,000 to 24,000 cases recorded across England and Wales during the first quarter of 2017 in figures released by the Insolvency Service. Previous figures show there were 22,852 personal…
A former suburban Detroit credit union official has been ordered to seven to 20 years in prison after pleading no contest to embezzlement. The sentence ordered Monday by Oakland County Circuit Judge Cheryl Matthews against Michael LaJoice is concurrent with the federal sentence handed down in March. LaJoice pleaded no contest to 14 state charges…
The tax laws routinely spell out in excruciating detail just what a person does or does not have to count as reportable income, whether the source of that income is wages, investments, or what have you. Moreover, to resolve most disputes about whether a particular item should be classified as reportable, the law authorizes the…
Citing insolvency by the towns excess insurance carrier, the legal firm representing Wilton in the Girl Doe v. Wilton Board of Education Et Al lawsuit has filed for a continuance in a jury trial scheduled for this September. The insurance carrier Castlepoint National Ins. Co., was declared insolvent effective April 1. An order of liquidation…
VIENNA (AFP) Vienna til I die! chanted the fans, in accented English, at a recent rainy match, testament to the British roots of Austrias oldest soccer club: the once-mighty First Vienna FC 1894. But while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was…
THIS is the bankrupt gambler who helped to bring down the biggest home builder in NSW, and in so doing, inflicted financial misery on thousands of innocent people. Mark Peters, 43, was a pest controller sub-contracted to Beechwood Homes when he convinced its owner, Larry King, to go into partnership with him and buy a…
A crook who was found with stolen items from his 86-year-old neighbours home has been declared bankrupt after racking up debts of more than £7,000. George Lamb, 29, of Ballindean Road, was jailed for 30 months at Dundee Sheriff Court in November last year after being caught with the goods just two days after being…
Victims of one of the UKs biggest corporate scandals of the 2000s have finally been awarded a payout 16 years after the company went bust. Independent Insurance Company, which at one point was worth almost £1bn, was declared insolvent in 2001, leaving thousands of customers out of pocket. At the time it was one of…
AUGUSTA Hoping to lend a hand to cash-strapped young adults, Democrats are pushing for a student loan forgiveness program that would help lure recent college graduates to Maine. Sen. Nate Libby, D-Lewiston, said the pretty bold initiative would offer to pay off half a graduates student loan debt and refinance the rest at low interest.…