Australias most populous state has seen a hefty 7 per cent increase in the rate of personal insolvencies, as household debt levels continue to balloon – having implications on spending for the broader business community. Personal insolvencies in Australia rose by 5.6 per cent in the 201718 financial year, with statistics released by the Australian…
Deputy Education Minister Teo Nie Ching said that the previous administration had been inconsistent in implementing policies with regards to borrowers who defaulted on their loan repayment in the past. Picture by Yusof Mat Isa KUALA LUMPUR, July 23 In future, the government will first declare Malaysians who default on their loans from the National…
NewsWritten by Tom Williams on July 23, 2018 Australian Music Group the parent company of musical instrument retailers Allans Billy Hyde and Gallins Musicians Pro Shop has been declared insolvent during a court case involving the Australian Taxation Office (ATO), and will be liquidated. The company was placed into voluntary administration last month, with a…
Statistics released by the Australian Financial Security Authority (AFSA) shows that the rate of personal insolvencies has increased steadily for three consecutive years, growing by 4.4 per cent in 2015-16, 2.1 per cent in 2016-17, and 5.6 per cent in 2017-18. There were 31,859 new personal insolvencies in Australia in the last financial year, which…
THE rate of personal insolvencies in Cheshire East has significantly increased over the last two years, official data has revealed. In 2015, 14.1 adults per 10,000 were declared insolvent in Cheshire East, according to Insolvency Service figures. However by 2017 that figure had risen to 17.6, an increase of 24.6%. Insolvency is when someone cannot…
PUBLISHED: 11:21 22 July 2018 | UPDATED: 11:21 22 July 2018 Simon Parkin Norfolk has seen number rises in the number of personal insolvencies. Picture: Getty Images/iStockphoto AntonioGuillem Ballooning level… Read the full article at: http://www.edp24.co.uk/news/personal-insolvencies-soar-across-norfolk-1-5618045
Trans Nzoia has downplayed a bid by a contractor seeking to have the county government declared bankrupt over a Sh5.3 million debt. Mwamba Valuers served the county with the notice of bankruptcy over the outstanding debt for preparing a valuation roll for Kitale town, other urban centres, and agricultural land in Trans Nzoia. Through lawyer…
ST HELENS has one of the highest rates of personal insolvencies in England and Wales, official figures show. The Insolvency Service found that 30 per 10,000 adults in the local authority were declared insolvent in 2017. This is when someone cannot pay their debts, and has to arrange a plan with an official body to…
When letters from debt collection agencies began landing in Con Mancuso’s letterbox, he assumed it was junk mail. He had no idea that he’d already been declared bankrupt by a judge in the then-Federal Magistrates Court, with more than a million dollars of unpaid debts against his and his wife’s name debts that didn’t…
THE rate of personal insolvency in Swindon rose by nearly 20 per cent in 2017. In 2016 19.8 adults per 10,000 in the town were declared insolvent, according to Insolvency Service figures. But by 2017 that had risen to 24.6 per 10,000, an increase of 19.5 per cent. In Swindon there were 419 new insolvency…