2020 is over. Let us never speak of it again. Technically, the new decade begins in three days with 2021. The least that can be said is that 2021 doesnt have a hard act to follow. Short of a nuclear alien invasion war, it cant be any worse than 2020. Or so we hope. Though an alien invasion would, admittedly, probably be way more fun than continued lockdowns.When it comes to The Chronicle articles, there were some that were made to be shared on social media.
The Chronicle Facebook page has more than 68,000 followers and with that comes a large daily readership.
With 2020 coming to an end we look back on the articles that had our Facebook followers clicking that comment, like and share button.
1. Post: Charles and Camilla have spent decades trying to make us forget the controversial origins of their relationship. Its all been undone in an instant.
While this story isnt exactly local it deserves a mention as it was our highest reaching post on Facebook for 202…
Read the full article at: https://www.thechronicle.com.au/news/top-10-social-media-stories-that-had-chronicle-readers-talking-in-2020/news-story/9d155112d7e42b09d6e742624a39bd7b
Credit cards, student loans and other types of debt can be a hurdle to reaching your long-term financial goals. If managing your finances on your own is getting overwhelming, you might seek out a financial advisor for debt help. While financial advisors may be more often associated with things like retirement planning or college planning, they can also help you create a strategy for debt repayment. If you think you may need professional advice on managing debt, its helpful to understand what a financial advisor can do for you.
What Financial Advisors Do
A financial advisor works with clients to help them create a comprehensive plan for managing their money. That plan can cover a wide range of scenari…
Read the full article at: https://finance.yahoo.com/news/guide-financial-advisor-debt-counseling-184809708.html
Theres a sizable gap between what a company is worth in liquidation and what its worth while still operating, according to University of California at Berkeleys Amir Kermani and Chicago Booths Yueran Ma. Companies going through Chapter 11 restructuring are worth about twice as much when they are going concerns rather than liquidated, they write.
The finding is part of a larger study of corporate debt, in which Kermani and Ma examine the size and composition of the debt loads held by nonfinancial companies. They distinguish between asset-based debt (issued against discrete assets) and cash flowbased debt (issued against the operating value of a company). In doing so, they wondered about companies cash-flow and asset valuesessentially, ho…
Read the full article at: https://review.chicagobooth.edu/finance/2020/article/don-t-kill-company-collect-debt
A training college for China Southern Airlines pilots operating from Perth’s Jandakot Airport has gone into voluntary liquidation, with more than 60 local staff losing their jobs.
Key points:
- The training college for China Southern Airlines had employed 62 local staff
- A liquidator hopes to sell the college’s 37 planes and Merredin Airport
- The Wheatbelt airport will remain open as expressions of interest are sought
“The COVID-19 pandemic and the resulting closure of borders was a contributing factor to the ongoing viability of the business,” liquidator Grant Thornton Australia said in a statement.
Grant Thornton Australia said all 62 staff were sacked when it was appointed liquidator of China Southern West Australian Flying College on Monday….
Read the full article at: https://www.abc.net.au/news/2020-12-30/china-southern-airlines-wa-training-college-enters-liquidation/13020052
The key to getting out of credit card debt is to act early, before it gets out of hand.
Christmas often means big bills for many people. Whether its the supermarket shopping for a dinner for the whole family or presents for the kids, it all adds up.
Last year, New Zealands combined credit card balances peaked at just under $7.5 billion in December, before slowly dropping back to just under $5.8b by April.
If youre coming out of the festive season owing more than you would like, there are a few things you can do.
The first is to assess exactly what you owe and to whom. It can be easy to get caught up in the whirlwind of festive purchases and not pay attention to just how much is being loaded on the credit card, Afterpay or hire-pu…
Read the full article at: https://www.stuff.co.nz/business/money/300180368/heres-how-to-pay-off-lingering-christmas-debt
Supermarket tycoon Rami Levy was set to become the new owner of Israir after his proposal to buy the airline was approved Tuesday by bondholders.
Levy made the proposal through BGI Investments, which he controls along with food mogul Shalom Haim. The offer received initial backing earlier this month from the trustee overseeing the sale of Israir on behalf of bondholders for IDB Development Corp., a holding company that a judge declared insolvent in September and ordered liquidated.
Under the proposal, BGI will pay NIS 162 million ($50.4 million) for a 51 percent stake in Israir. Levy, who will inject funds into the airline, will get a 24% stake and the bondholders 25%.
Read the full article at: https://www.timesofisrael.com/supermarket-mogul-poised-to-become-new-owner-of-israir-airlines/
13:46 29/12/2020
MOSCOW, December 29 (RAPSI) The Moscow Commercial Court has again extended the procedure of sale of assets of Vneshprombank former co-owner Georgy Bedzhamov, charged with large-scale embezzlement for 6 months, according to court records.
Previously, the bankruptcy proceedings were extended in July.
Bedzhamov was declared bankrupt in July 2018.
In 2016, Bedzhamov was put on the international wanted list on embezzlement charges. Investigators believe that ex-Vneshprombank president Larisa Markus along with her brother Georgy Bedzhamov, who once co-owned the bank, created an organized crime group to siphon money from the bank. The group including Glushakova allegedly granted loans to sub-companies and did not refund money …
Read the full article at: http://rapsinews.com/judicial_news/20201229/306633517.html
This information has been provided by MoneySmart.gov and Services Australia.
Good Shepherd in collaboration with the Federal Government and NAB are offering Household Relief Loans Without Interest for those affected by the coronavirus pandemic along with a free COVID Hardship Support Hotline.
Loans of up to $3,000 are available for rent, rates, body corporate fees and utility bills with no interest, charges or fees.
For details call 1300 121 130 or tap here to apply.
Things to think about
There are things you need to think about when taking out a loan or using credit. You should ask yourself if all of the following applies:
- its something you really need right now or if you can save up and buy it in full later
- itll make your budgetin…
Read the full article at: https://7news.com.au/lifestyle/personal-finance/loans-for-centrelink-recipients-c-1852151
Writing a commentary on a law that is still growing at a pace faster than the fortunes of e-commerce businesses is, painful and challenging. The sheer volume of judgments from the Constitutional Courts and the National Company Law Appellate Tribunal and National Company Law Tribunals constitute the judicial side of the scheme of things under the Insolvency and Bankruptcy Code. Then there are legislative amendments to ensure the timely ironing out of the issues cropping up in the implementation of the law. So far there are about 5 major amendments in a span of 4 years. Then there are delegated legislations where the executive has given effect to the other dormant provisions of the Insolvency and Bankruptcy Code 2016 (‘IB Code’) (for in…
Read the full article at: https://www.livelaw.in/book-reviews/book-review-insolvency-and-bankruptcy-code-law-167740