Sean Alexander, 36, from Wimbledon, found his addictions spiralled so out of control that he owed over £60,000 in drug and gambling debts. Facing threats from dealers, he lost everything and became suicidally depressed until rehab turned his life around. He now helps others battling similar issues.
Looking back, my addiction issues stem from childhood. I had a good upbringing and was raised by lovely parents, but I was bullied at school for being overweight. I’d go through the biscuits, comfort eating, and it became a self-fulfilling prophecy.
Then I started drinking at 14. I’d…
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A woman who owned a Melbourne bar that went bust has revealed she is in the “scary situation” of having to file for bankruptcy as she faces $150,000 in debt.
Liv Franklin was the owner of Follies, a vegan antipasti bar in Fitzroy, which closed down at the end of March.
She said there were “so many sh***y implications” about the bar’s failure but the biggest impact will be becoming a “bankrupt girly” at just age 30.
However, she said she wanted to debunk what this meant as many people still saw bankruptcy as taboo.
“I’ve been doing heaps of work to get different advice and find out what it actually looks like because it’s really scary,” she said in a TikTok video. “But the more you know about it, the less scared I…
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Monster company collapses owing $80m news.com.au
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The director of collapsed Canberra-based fitout and refurbishment business Rork Projects says a “tsunami of impossible economic conditions” is hitting the construction industry as the latest official figures point to a 32 per cent surge in insolvencies across the sector this financial year.
As of March 10, 1913 construction companies had entered administration or appointed a controller this financial year, nearly a third higher than the 1447 reported at the same time last financial year (which ended up at a decade high of 2213 for 2022-23) according to the latest ASIC update.
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Bonza employees say they are losing hope after learning they will remain stood down without pay and unable to accept other work for a further two months, after administrators were granted an extension to find a buyer for the troubled airline.
In a Federal Court hearing in Sydney this morning, Hall Chadwick asked for an extension of the convening…
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NEW YORK (AP) — Former NBA player Jontay Porter admitted Wednesday that he schemed to take himself out of games for gambling’s sake, pleading guilty to a federal conspiracy crime in the scandal that already got him banned from the league.
READ MORE: NBA bans Jontay Porter after gambling probe shows he shared information, bet on games
“I know what I did was wrong, unlawful, and I am deeply sorry,” the former Toronto Raptors center said as he pleaded guilty to conspiracy to commit wire fraud.
Echoing findings in an NBA investigation and allegations in an ongoing prosecution of four other men, Porter acknowledged that he agreed to withdraw early from games so that co-conspirators could win bets on his…
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The Chinese trust sector has once again set off alarm bells with the announcement that Zhongzhi Enterprise Group is declaring itself “severely insolvent.” The Beijing-based conglomerate has reported that it faces a shortfall of 260 billion yuan, the equivalent of $36 billion, and has warned of the risk that this poses to normal operations.
Zhongzhi is one of China’s largest shadow banks, private groups that provide financing through non-traditional institutions, such as trust firms and wealth management funds. Zhongzhi invests much of its investors’ money in real estate projects. The group’s situation, which has gotten gradually worse since the summer, once again underscores the…
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The federal government will guarantee all regional flight bookings for customers of Rex during its administration process over the next month.
Administrators were appointed to oversee Rex after the airline collapsed in late July, resulting in about 600 job losses.
Federal Transport Minister Catherine King said the regional flight guarantee would provide certainty for Rex’s regional customers.
“This will give customers confidence to continue booking regional flights with Rex – flights that allow them stay connected to family, friends, healthcare and other services – while also helping to maintain regional aviation in Australia,” she said.
The guarantee means that if Rex customers have their flights cancelled, they will be entitled to…
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HECS-HELP debts set to rise by 4.8% in June Money magazine
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Gemini customers get back over $2 billion in crypto from Genesis bankruptcy Reuters
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