The statistics show 12,190 Scottish debtors became subject to a formal debt remedy in 2016/17. This was a year-on-year increase of 16 per cent on the 10,515 who entered a remedy in 2015/16. This increase is the first overall increase in numbers for five years. The figures released show that although there is an overall…
Days after the Federal Government announced a uni student fee hike, a national report has found students have higher rates of mental health problems than non-students, and being loaded with debt doesn’t help. The report by the National Centre of Excellence in Youth Mental Health, Orygen, lists some key reasons why uni students struggle with…
The first quarter didn’t go quite as well as Genesee & Wyoming (NYSE: GWR) planned. While the regional rail operator enjoyed the benefits from the first full quarter of operations at two recent acquisitions, several other issues weighed on earnings, which sank during the quarter. That said, the company expects to put many of these matters in the…
JOHANNESBURG (miningweekly.com) Dual-listed alluvial diamond miner Rockwell Diamonds move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the urgency it sought to establish by bringing forward the hearing date for the interim liquidation order against three of its subsidiaries. Following the March 23 interim liquidation order against…
A 100% black-owned Port Elizabeth construction company faces liquidation, with the resultant loss of 300 jobs, following claims that the Nelson Mandela Bay Municipality owes it R117-million. The Port Elizabeth High Court has provisionally wound up Masakeni Construction (Pty) Ltd, ordering a commission of inquiry in terms of the Companies Act. Masakeni director Khwezi…
Almost one in two baby boomers expect to retire with debt because theyre still supporting their kids and elderly parents, a new report has found. Dubbed the ‘sandwich generation’, older working Australians are providing for their parents medical costs and health expenses while also helping out their own children with education and everyday expenses, and…
There are a number of consumers who are falling into debt relief scams and this is where National Debt Relief’s article comes in handy. The article titled “How To Spot A Debt Relief Scam” published April 6, 2017 looks at some of the telltale signs that lets people know they are dealing with scrupulous individuals.…
ALL this talk from politicians about good debt and bad debt is just another way of confusing the issue. Treasurer Scott Morrison’s new approach to ‘good’ and ‘bad’ debt will be interesting to hear when he cuts details of the Budget 2017-18 loose at approximately 7.30pm (AEST) on Tuesday 9 May 2017, as he commences…
Baby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…
Almost half of older working Australians expect to retire with credit card, mortgage and bill debt after helping their children. REST Industry Super research shows the “sandwich generation” are being squeezed financially by their children and parents. The survey of 1048 Australians aged over 35 found one in four expected to retire with credit card…