FLORENCE, ITALY – JANUARY 29: Andrea Pirlo during the “Panchina d’Oro” award season 2022/2023 at Centro Tecnico Federale di Coverciano on January 29, 2024 in Florence, Italy. (Photo by Gabriele Maltinti/Getty Images)

Reports claim that Italy legend Andrea Pirlo blocked his son’s bank account in 2022 after discovering he had accumulated a €30,000 debt with illegal online betting.

Former Juventus and Milan midfielder Pirlo was forced to block his son’s bank account in 2022 after realising that he had accumulated a €30,000 debt with illegal online betting.

As reported by Corriere della Sera, Fiorentina midfielder Nicolò Fagioli informed Pietro Marinoni about the issues…

The Caribbean is just one natural disaster away from catastrophe, and the region’s current financing model is failing to keep pace with escalating climate risks. This, according to Jwala Rambarran, Senior Policy Advisor at the Caribbean Policy Development Centre (CPDC) needs urgent attention.

Rambarran was speaking at a recent debt consultation in St. Vincent & the Grenadines in February. While presenting findings from his study, “How Can the World Bank Better Support Natural Disaster Risk Financing in Caribbean SIDS?” he highlighted the urgent need for more effective financial instruments with pre-arranged emergency liquidity after natural disasters. This he says will help Caribbean small island developing states (SIDS)…

Nearly half of Australian adults who have debt – around 5 million people – struggled to meet their repayments in the 12 months to April 2024, according to ASIC research.

If you’re in over your head and your repayments are only pulling you down further, debt consolidation could be a solution worth considering. Here’s how it works.

What is debt consolidation?

Debt consolidation means to roll multiple debts into one facility. Typically, this facility has a lower interest rate than the original loans, reducing the number of repayments the borrower needs to manage.

Consolidating debt can help ease the financial and mental burden of repaying multiple consumer debts, such as credit card debt, personal loans, and buy now, pay later (BNPL)…

Mortgage brokers are hailing the move by Commonwealth Bank of Australia not to count HECS bills as debt in home loan assessments if they are due for repayment within a year.

CBA said it is also “piloting” dropping the serviceability buffer to 1%, from its current 3%, for those due to pay off their student debt within five years.

The serviceability buffer is set by regulator Australian Prudential Regulation Authority (APRA), requiring banks to assess home loan applications at an interest rate three percentage points higher than the current rate.

The move by Australia’s biggest home lender is expected to see thousands more young people instantly qualify for home loans.

CBA’s executive manager of home buying Michael Baumann said CommBank…

But he will still appear on the WA Senate ballot paper, as electoral laws do not allow the commission to reject a fully completed nomination “regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate”.

A man who took his fight against an $80 speeding ticket all the way to the Supreme Court, and lost at nearly every turn, racked up $34,000 in legal fees and was declared bankrupt when he couldn’t pay them.

Peter Prescott has now failed to have his bankruptcy annulled, and is liable to pay more legal fees to the New Zealand Police after another unsuccessful trip to court.

In July 2016, Prescott was caught driving 64km/h in a 50km/h zone and was sent a ticket for it. However, he tried to claim he wasn’t driving the car, nor did he own it.

When he didn’t pay the fine and the matter went to court, Prescott didn’t show up and he was fined a further $80 and $30 in court costs.

Two years later, Prescott unsuccessfully appealed the…

A celebrity wedding planner has sparked concern after she missed a key court date and quit her home in a ritzy suburb, just weeks after she was declared bankrupt for a second time.

The NSW Supreme Court has previously found Kashaya Nerez Williams, 39, used a forged letter to inherit her dead grandfather’s home in bitter family row over his will.

The former florist was declared bankrupt and had her assets seized in the wake of the decision, as relatives tried to recover their share of the inheritance.

Last month she was declared bankrupt yet again, and this week she was due back in court to be sentenced on traffic charges for speeding and driving while suspended.

But she failed to appear, and her former neighbours at the address she gave…

The notorious cricket spot-fixer who has become a leading player in the big-money world of boxing has been declared bankrupt.

Mazhar Majeed, 40, who was sentenced to 32 months in prison in 2011 for his role in the corruption of a Test match between England and Pakistan at Lord’s, acts as an adviser to Chris Eubank Jr, who fights Conor Benn at Tottenham Hotspur Stadium on April 26.

A Sunday Times investigation last year revealed the extent of Majeed’s influence in boxing and his links to Boxxer, the promotional company co-founded by Ben Shalom that was awarded a four-year exclusive contract worth £36million by Sky in 2021.

The promoter paid in excess of £300,000 to Star People, a company solely owned by Majeed’s wife, for