A Richmond law firm hit by a massive trust fund shortage has filed a notice saying it is insolvent and will make a proposal to creditors under the Bankruptcy and Insolvency Act. Richmond lawyer Hong Guo, whose firm completes about $700 million a year in real estate transactions, said in recent legal filings…
Total personal insolvencies went up by 0.9 per cent year-on-year in the December quarter 2016 with debt agreements and personal insolvency agreements increasing by 9.5 per cent and 4.9 per cent, respectively, according to the Australian Financial Security Authority (AFSA). At the same time, AFSA said that bankruptcies fell by 4.9 per cent year-on-year. The…
Jan 17, 2017 – 15:00 Jaussi, pictured, told the press in September 2016 that he and his company had received threats shortly before he was attacked in August. (Keystone) Vaud-based company Swiss Space System Holding SA, known as S3, has been officially bankrupt since Monday afternoon, a cantonal court announced on Tuesday. The district court…
Remus Borza, who now holds an MP office but is more known as the owner of Euro Insol, the former judicial administrator of state-owned power producer Hidroelectrica, together with other well-known local investors became shareholders in the drug factory Polisano Pharmaceuticals, reports Profit.ro. The factory is part of the Polisano group, developed by the Romanian…
FORMER One Nation senator Rod Culleton could face jail time for impersonating a government official if he continues to claim he is a federal MP. Nearly a week after he was removed from his Senate seat for being declared bankrupt, Rod Culleton was yesterday refusing to accept the Federal Court and Senates rulings and told…
Former Dundee and Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The goalkeeper, who also played for Celtic and was capped 19 times for his country, was declared insolvent after failing to settle large bills. The majority of the cash is thought to be owed to the taxman and…
BANKRUPTCY BOMBSHELL The footballer – who played for Celtic and Dundee and was capped 19 times for his country – has been declared insolvent FORMER Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The footballer who played for Celtic and Dundee and was capped 19 times for his country…
FOURTEEN financial institutions in Singapore will participate in a debt consolidation plan this month, said the Association of Banks in Singapore (ABS) on Tuesday. The debt consolidation plan will allow eligible customers to consolidate their existing unsecured credit balances across financial institutions with just one participating financial institution. Such debt will include credit card debt,…
SINGAPORE Fourteen financial institutions in the Republic have come together to launch a new repayment scheme to help overextended borrowers reduce their debts, the Association of Banks in Singapore (ABS) said on Tuesday (Jan 17). The move followed the Governments decision to tighten borrowing limits for unsecured loans from the current 24 times monthly income…
> Staff Reporter Windhoek There is a myth that debt consolidation saves interest and you have one smaller payment, but the truth is that debt consolidation is an indication of over-indebtedness which only treats the symptom. Debt consolidation is defined as taking out a new loan to pay off a number of liabilities and consumer…