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BENGALURU: Funding winters and the investor sentiment in 2016 saw multiple growth-stage companies turning to venture debt to tide over the hard times. The absence of a traditional credit line from institutional investors like banks has seen these smaller companies diluting precious equity for working capital and other needs. In order to streamline the process…
Related Story: Porter defends Centrelink amid debt recovery row Related Story: Centrelink staff to get ‘customer aggression’ training amid debt row Independent MP Andrew Wilkie has criticised the Federal Government over Centrelink’s new debt recovery system, saying it was designed by a “dunderhead”. The Tasmanian politician’s comments come amid…
Imagine you get a letter from Centrelink saying you have an outstanding debt of more than half your yearly salary. Oh, and it’s due in just over a fortnight. Brisbane-based single mum Joy got a letter like that before Christmas. (Joy isn’t her real name; she’s asked Hack not to identify her as her debt…
Two debt charities are preparing for what they say will be one of their busiest months ever as cash-strapped consumers are forced to face up to pre-Christmas overspending, and more deep-seated financial problems. Citizens Advice expects more than 370,000 people to seek help on a range of financial issues including post-Christmas debts over the next…
When Centrelinks letter arrived two weeks before Christmas, Michael Griffin instinctively knew he was going to be unfairly trapped. So he meticulously documented, step-by-step, how the system wrongly deemed him to have a $3,197 debt. Griffins ordeal began when he received the standardised letter from Centrelink, telling him there was a discrepancy between income information…
The liquidators of BHS are conducting a detailed investigation into property transactions that took place during the regimes of Sir Philip Green and Dominic Chappell, including whether the directors of the retailer breached their duties. Insolvency practitioners have a legal duty to review the conduct of the directors of a collapsed company, but the scope…
By Marton Dunai BUDAPEST, Dec 30 Hungarian markets far outperformed regional peers in 2016 as ratings agencies restored the country’s investment grade status and its improving economic outlook lifted shares and the forint, while regional peers battled waning market confidence and political problems. Against a jittery international backdrop that included the surprise vote by Britain…
As those holiday bills start coming in you may find yourself overwhelmed. Now is the perfect time to tackle your debt and develop a plan to pay it off. And you dont have to go it alone. In fact, getting free and low cost help can reduce your stress and overall payments, saving you money…
You know you have too much credit card debt when the arrival of bills cause a physical reaction: a warming in your face, a quickening of your heart. How are you going to pay it all off in addition to your student loans, rent and trying to save a little something? What if your credit score tanks? You’re…