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A building company has gone bust in South Australia leaving multiple homeowners with half finished properties they had already handed over large sums of cash for.
JAC Homes was placed into liquidation this week, according to documents filed to the Australian Securities and Investments Commission, with clients left unsure if they will receive any of their money back after assets are sold off to pay debts.
Oracle Insolvency Services have been appointed liquidators for the company which had been operating in the Murray…
True Value, a national hardware retailer whose roots go back more than 70 years, said Monday that it has declared bankruptcy and will sell itself to a competitor.
The Chicago-based company filed for Chapter 11 protection from its debts in the U.S. Bankruptcy Court for the District of Delaware. As part of the filing, most of the privately held retailer’s assets will be acquired by home improvement rival Do it Best. True Value, which was founded in 1948, said it will continue providing independently owned retailers with products.
“We believe that entering the process with an agreed offer from Do it Best, who has a similar decades-long history in the home improvement space and also operates with a focus on supporting members and…
Online gambling has emerged as a lucrative sector in Southeast Asia, luring in foreign investors and capital across the region. Consisting of live casino games, online gaming machines, and sports betting, the sector is primarily driven by offshore Chinese gamblers. By setting up operations in states with liberal gaming laws, they effectively evade China’s stringent ban on gambling activities.
However, amid rising criminal activity and illicit financial flows, Southeast Asia’s booming online gambling sector has resulted in economic and political losses for the member states of the Association of Southeast Asian Nations (ASEAN). This can be attributed to the transnational nature of online gambling, lax governance at the national…
While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings.
With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the financial fallout for sports fans. The rate of gambling problems among sports bettors is at least twice as high as it is for other gamblers, according to the National Council on Problem Gambling.
Legal sports gambling is more widespread than ever. Missouri voters in November became the latest to approve it, making it legal in 39 states and the…
Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in people seeking financial help.
More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year.
The increase showed how difficult it was for many Australians to get by at the moment, said Peter Gartlan, co-CEO of Financial Counselling Australia, which co-ordinates the helpline service.
“Cost-of-living pressures are mounting and having a significant impact on the financial well-being of many thousands of Australians,” he said.
While people contacted the helpline for a variety of reasons, the main ones were: housing stress, including mortgage, rent,…
More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year.
The increase showed how difficult it was for many Australians to get by at the moment, said Peter Gartlan, co-CEO of Financial Counselling Australia, which co-ordinates the helpline service.
“Cost-of-living pressures are mounting and having a significant impact on the financial well-being of many thousands of Australians,” he said.
While people contacted the helpline for a variety of reasons, the main ones were housing stress, including mortgage, rent, rates and body corporate fees; utilities; credit card debt; personal loans; buy now pay later; and debts to the Australian Taxation Office.
