A soccer-loving businessman behind LNP election donations told a court he helped introduce Opposition Leader David Crisafulli to run a training company that later collapsed.

The testimony, contained in transcripts obtained by the ABC, has emerged after Mr Crisafulli this month denied the failed business had links to the LNP or donors.

The businessman was Rabieh Krayem, a jobs entrepreneur who had been chairman of Townsville’s Northern Fury Football Club and now heads the Wynnum Wolves.

He owned half the training business when Mr Crisafulli was appointed.

“I don’t have any comment, it would be greatly appreciated if you don’t make any contact…

Founding of Enron and its rise

Enron was founded in 1985 by Kenneth Lay in the merger of two natural-gas-transmission companies, Houston Natural Gas Corporation and InterNorth, Inc.; the merged company, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a series of laws to deregulate the sale of natural gas in the early 1990s, the company lost its exclusive right to operate its pipelines. With the help of Jeffrey Skilling, who was initially a consultant and later became the company’s chief operating officer, Enron transformed itself into a trader of energy derivative contracts, acting as an intermediary between natural-gas producers and their customers. The trades allowed the producers to mitigate the risk…

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In recent years, UK businesses have faced relentless economic pressures, from rising inflation and supply chain disruptions to increased borrowing costs. At the same time, it’s never been easier to quickly set up and dissolve a company, with the multitude of SaaS products making starting a business relatively cheap and straight forward.

This culmination of challenging external factors and flexible entry and exit strategies has resulted in business…

A 19-year-old is facing $115,000 worth of debt after a life-threatening car crash.

Zane called into The Ramsey Show, where two of its hosts, Jade Warshaw and Ken Coleman, gave the young man some advice.

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“Three months ago, I got into a car crash at 60 miles per hour and broke both my legs,” Zane told the two hosts.

Most of the debt he incurred was his time staying in the hospital.

Zane said he had also been out of work for the past three months and unable to pay the debt or make money.

“Doctors are telling me that I’m not going to be able to go back to construction for the next year,” Zane said.

He revealed that since he was likely at fault, there will…

Digging out of debt used to be a new year tradition.

The first three months of the year typically were the busiest for credit counselors, who were inundated with calls from Americans zapped by out-of-control holiday spending or emboldened by a “new year, new you” ethos for their finances.

But that decades-long trend may be disappearing, not because borrowers are out of their debt stranglehold but because they now need help throughout the year for their pricey car loans and ballooning card debt.

“The landscape has changed,” Bruce McClary, the spokesman for the National Foundation for Credit Counseling, told Yahoo Finance. “We are hearing more and more from people who are feeling the financial stress year-round.”

Many are stuck in…

The Insolvency and Bankruptcy Board of India has recently amended the rules governing the corporate insolvency resolution process (CIRP), enabling distressed homebuyers to take possession of their properties while the resolution process is ongoing. The key objective of these amendments, which were notified earlier this month, is to prevent unnecessary and prolonged delays in handing over possession to homebuyers.

Effective…

In accordance with Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT), located in Delhi, has ruled that a petitioner cannot start the Corporate Insolvency Resolution Process (CIRP) if the parties’ business arrangement entails profit-sharing and joint participation rather than a simple operational debt. According to the Tribunal, under the IBC, such an arrangement does not create a debtor-creditor relationship.

To start the Corporate Insolvency Resolution Process (CIRP) against M/s Experio Tech Private Limited (Corporate Debtor), M/s Transline Technologies Limited (Operational Creditor) submitted an application. The issue concerned unpaid debts from a number of transactions and…