Monday April 26 2021
During this time of economic recession, businesses need every sound financial management strategies to survive.
Covid restrictions and the economic recession necessitate some businesses to undergo some forms of restructuring to survive. Corporate res…
Read the full article at: https://www.businessdailyafrica.com/bd/lifestyle/personal-finance/simple-restructuring-tips-during-recession-3376458
A casino high roller, who was spared by a Singapore court from paying a A$43 million (S$44 million) Australian baccarat debt based on Singapore law, will have to explain why he does not have to do so before an Australian court.
A Brisbane judge has rejected Dr Wong Yew Choy’s bid to set aside the Australian lawsuit by Brisbane-based The Star Entertainment QLD seeking to recover the debt he incurred for gambling losses at The Star Gold Coast Casino in 2018.
“I am not persuaded that allowing the proceeding to continue will result in Dr Wong incurring a serious and unfair burden, prejudice or damage or cause him any serious and unjustified trouble or harassment in defending himself,” said Justice Thomas Bradley in the Queensland Supreme C…
Read the full article at: https://www.straitstimes.com/singapore/courts-crime/sporean-high-roller-ordered-to-defend-44m-casino-debt-in-australia
SINGAPORE – A casino high roller who was spared by a Singapore court from paying a A$43 million (S$44 million) Australian baccarat debt based on Singapore law, will have to explain why he does not have to do so before an Australian court.
A Brisbane judge has rejected Dr Wong Yew Choy’s bid to set aside the Australian lawsuit by Brisbane-based The Star Entertainment QLD seeking to recover the debt he incurred for gambling losses at The Star Gold Coast Casino in 2018.
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Read the full article at: https://www.straitstimes.com/singapore/sporean-high-roller-ordered-to-defend-44m-casino-debt-in-australia
When credit card debt is weighing you down, it’s time to find relief.
If the typical American charged each of their credit cards to the limit, they would end up $30,365 in debt — that’s the average credit card limit in the U.S. More than $30,000 in credit card debt may not seem like a big deal to someone with secure employment who earns more than enough to pay it off, but it’s all relative. If you’re currently unemployed or just making ends meet, even $5,000 in credit card debt may feel overwhelming.
Here, we’ll discuss real steps you can take to handle credit card debt when it becomes too much. They won’t all apply to your situation, and that’s okay. Pick and choose what works for you.
If you have a lit…
Read the full article at: https://www.fool.com/the-ascent/credit-cards/articles/how-to-handle-credit-card-debt-when-youre-in-too-deep/
With a new national operations centre and eyes on international dominance, Ballarat-based PETstock is leveling up. The business is restructuring, with a rebrand for the newly-formed parent company, and a significant amount of new investment boosting growth following a turbulent but ultimately successful pandemic year. The new moniker, Petspiration Group, will cover each of the brands in PETstock’s stable, including its overseas and online arms, and a slew of new acquisitions. Petspiration’s managing director, David Young, said despite the big moves, he’s determined to keep the business running from its home in Ballarat. The national operations team moved from Lydiard Street to a bright new office on Bakery Hill recently, and work was …
Read the full article at: https://www.thecourier.com.au/story/7222207/the-ballarat-business-taking-huge-steps-forward/
Introduction
Composition of inventory
Function of inventory
Deficit
Article 192 of the Consolidated Text of the Bankruptcy Law (TRLC) introduces the concept of the ‘active mass’ of a bankruptcy, which constitutes all of the assets and rights integrated into the bankrupt’s assets on the date of the declaration of bankruptcy, as well as those that are reintegrated to the bankrupt or acquired before the conclusion of the bankruptcy proceedings.
The active mass incorporates the principle of universality derived from Article 1.911 of the Civil Code (ie, the debtor is liable for all of its present and future assets).
This article examines the inventory of goods and rights included in the active mass, which must be prepared by…
Read the full article at: https://www.internationallawoffice.com/Newsletters/Insolvency-Restructuring/Spain/Augusta-Abogados/Composition-of-active-mass-inventory-of-goods-and-rights
San Diego, California, April 24, 2021 (GLOBE NEWSWIRE) — Elite DMS is a leading financial assistance group that can help clients of all backgrounds and ages tackle their debt and achieve their financial goals. By offering a comprehensive financial restoration program, they stand by the customer, acting as a lifeline in the seemingly all-consuming situation of debt.
Even though financial restoration sounds a bit daunting, it is nothing of the sort. Financial restoration can be a lifeline for those who are drowning in credit card or medical debt.
By using a financial restoration program, you can begin to tackle your debt to live the life you want. In other words, financial restoration allows you to manage your debt and accomplish the fin…
Read the full article at: https://www.globenewswire.com/news-release/2021/04/24/2216344/0/en/Elite-DMS-Helping-Tackle-Debt-Through-Financial-Restoration.html
Hawkeye Associates wants you to believe they are offering loans with APRs as low as 3.02%. They have begun flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing and possibly even suspect. Do you think your approval is coming for 3.02%?
The interest rates are so low that you would have to have near-perfect credit to be approved for one of Hawkeye Associates debt consolidation loans.
Crixeo, the personal finance review site, completed a review of Hawkeye Associates, Yellowhammer Associates, Big Apple Associates, Cornhusker Advisors, Badger Advisors, Rockville Advisors, Snowbird Partners, Gulf Street Advisors, Brice Capital, Johnson Funding, T…
Read the full article at: https://www.influencive.com/hawkeye-associates-review-its-a-debt-consolidation-scam/
THE state mining regulator has short-circuited discussions on the future of a Bendigo company and forced multiple sites into rehabilitation through legal action. Earth Resources Regulation has gone to the Federal Court of Australia to stop one company locking in a deed of company arrangement for Kralcopic, the Bendigo group that collapsed into voluntary administration last month. GBM Gold was trying to convince creditors it should take control of its former subsidiary under a deal that could have included assets at old mining sites including Kangaroo Flat and Woodvale. More news: But the regulator opposed that bid, saying in a public statement that GBM Gold’s bid neglected future rehabilitation of Bendigo’s mine sites. It also said GBM…
Read the full article at: https://www.bendigoadvertiser.com.au/story/7223559/government-forces-bendigo-mining-company-into-liquidation/
The Australian government helped businesses during the COVID-19 pandemic last year by temporarily suspending some business directors’ duties relating to insolvency risks. However, directors’ obligations have reverted to the standard insolvency liability regulations this year.
The government’s 2020 insolvency relief, a part of the Australian Coronavirus Economic Response Package Omnibus Bill, aimed to prevent insolvent trading and any associated personal liability for directors if the relevant debt was incurred in the ordinary course of business (section 588GAAA), according to legal firm Clyde & Co.
However, Gallagher warned that the government JobKeeper wage subsidy supporting businesses and employment last year ceased in March 2…
Read the full article at: https://www.insurancebusinessmag.com/au/news/professional-liability/gallagher-issues-warning-on-directors-liability-risks-post-covid19-relief-253200.aspx
San Diego, CA, April 19, 2021 (GLOBE NEWSWIRE) — MagnoliaMediaNetwork announces the release of the review “Best Debt Relief Programs 2021”
Climbing out of debt can feel like a nearly-impossible task with all the late fees and interest rates. The best debt relief programs can lighten your load.
Our in-depth research led us to the top six debt relief programs to help you get out of debt.
We factored in topics like financial guarantee, transparency and track record to determine the best companies for this list.
Top 6 Credit Relief Services
First look:
Read the full article at: http://www.globenewswire.com/en/news-release/2021/04/20/2212834/0/en/6-Best-Debt-Relief-Programs-in-2021-The-Most-Trusted-Companies-For-Debt-Settlement-and-Credit-Card-Debt-Relief.html
The word bankruptcy strikes fear in the hearts of business owners and individuals. Its very easy to conjure up thoughts of debt consuming your life, losing everything you own and ending up penniless. However, while many would go to any lengths to avoid bankruptcy, sometimes it can actually be the best solution to clear a persons debts.
In the UK, bankruptcy is a state of personal insolvency where an individual is unable to repay their debts. Though you may have heard of companies going bankrupt, that term applies to those in the United States of America. In the UK, insolvent companies can close through a liquidation.
An individual can get into debt for many reasons, be it loans, credit cards, a sudden change of circ…
Read the full article at: https://london-post.co.uk/is-personal-bankruptcy-as-scary-as-it-seems/
