Hanjin Shipping will be declared bankrupt today, after suffering from snowballing debt amid a slowdown in the global shipping market. Seoul Central District Court is expected to declare bankruptcy of the shipper, following a two-week period for appeals. Following the declaration, a bankruptcy trustee will be appointed to lead the sale of Hanjin Shippings remaining…
Creditfix, the UKs largest insolvency practice, compiles the UK Personal Debt Index (PDI). The quarterly report is put together following a survey of over 31,000 individuals, comparing the situation and locations of people across the UK currently receiving support to get out of debt. The number of young people (20-25 years old) receiving help and…
ONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
By Alison Kershaw Published 16/02/2017 Share Former Ireland rugby star Peter Clohessy declared bankrupt BelfastTelegraph.co.uk Rugby legend Peter Clohessy has been declared bankrupt. http://www.belfasttelegraph.co.uk/news/northern-ireland/former-ireland-rugby-star-peter-clohessy-declared-bankrupt-35454517.html http://www.belfasttelegraph.co.uk/sport/rugby/article35455343.ece/ebf7f/AUTOCROP/h342/PANews%20BT_P-6649707f-5c3e-4363-8a27-b0eb30b07b5e_I1.jpg Rugby legend Peter Clohessy has been declared bankrupt Rugby legend Peter Clohessy has been declared bankrupt. The former Munster, Ireland and Lions player has had difficulties in the past with…
EIGHTY-SEVEN people from the Mackay Region has filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of the 87, 52 filed for bankruptcy and 32 started a debt agreement and personal insolvency with debtors the new figures released by Australian Financial Security Authority. The dismal statistics show people are struggling…
The way Eddie Howe made a career in professional football as a player and as a manager has been dependent on the manner hes gone about his business. Often described as obsessive, head-driven and ambitious, his inspiration to live by these qualities comes from the delight he takes in defying the odds. As a player,…
SUBCONTRACTORS are banking on negotiations now under way to protect them from the worst of another major collapse in the Queensland construction industry. Bloomer Constructions Pty Ltd closed a number of building sites across Brisbane last week, ahead of what was expected to be an announcement Tuesday morning about the company’s fate. Instead, Wayne Bloomer,…
SUBCONTRACTORS are banking on negotiations now under way to protect them from the worst of another major collapse in the Queensland construction industry. Bloomer Constructions Pty Ltd closed a number of building sites across Brisbane last week, ahead of what was expected to be an announcement Tuesday morning about the company’s fate. Instead, Wayne Bloomer,…
Depending on whether you are a cup half full or a cup half empty kind of person, restructuring is either seen as an evil necessity or an opportunity to create successful business infrastructure. I speak from experience, and I am certainly of the cup half full camp. Having acquired a logistics business in 2013, one…
But in this industry, all small business owners are routinely subjected to lead contractors refusing to pay, the unpaid debt now totalling $20 billion annually! By its very definition this is fraudulent. Under Australian law its definitively illegal. And its also criminal. Small business is the construction industry! Sub-contractors are small business, and by far…