Insolvency Guardian Media Centre
A ‘valued’ employee of a Birmingham blinds manufacturer defrauded the company to pay off her mounting gambling debts – despite being given a 4,000 pay rise.
Nicola Cunningham put Stratford Road-based UC Blinds in financial ‘peril’ with her actions, which have also damaged the morale among her former colleagues.
The 33-year-old made a number of unauthorised refund transactions to a bank card using a hand-held terminal which she hid on or near her desk.
Cunningham swindled more than 5,600 for herself over the course of several months in 2019 after racking up a gambling debt of over 40,000.
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She also tried to pocket…
Read the full article at: https://www.birminghammail.co.uk/news/midlands-news/gambling-addict-defrauded-stratford-road-19468987
Angel Orth, 33, pays $500 a month towards her student loans for the undergraduate and graduate degrees she received from a public university in the United States nearly eight years ago. But the Florida realtor has barely seen her $70,000 balance go down due to ever-accruing interest.
Ive paid about $48,000 back, but the balance just seems stuck, Orth, who holds a Masters degree in visual rehabilitation therapy, told Al Jazeera. Id love to have my $48,000 credited toward my principal. Eliminating interest would be huge.
For now, Orths student loans payments are on hold. The passage of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act in April temporarily froze federal student loan payments and interest accrual, a measu…
Read the full article at: https://www.aljazeera.com/economy/2020/12/18/will-biden-cancel-americas-1-7-trillion-in-student-loan-debt
Dealing with serious credit card debt? You have options. (iStock)
Having high amounts ofcredit card debtcan be daunting. And paying it all off? Thats even more difficult.
Fortunately, there are a number of strategies that can help youtackle the problem, including some that may even save you on interest in the long run. First, you’re going to want to take a hard look at your financial situation, make yourself a monthly budget, and calculate your total debt.
Once you’ve done all of these things, then you can start looking into financial tools and productsto help ensure you make your credit card payments on time and start chipping away at that outstanding credit card balance. There are some easy ways to pay down debt even…
Read the full article at: https://www.fox6now.com/money/how-to-pay-off-50000-credit-card-debt
Friday, December 18, 2020
Restructurings are ideally carried out early, quietly and quickly. Efficient tools for out-of-court restructurings play a decisive role in value preserving restructurings.
The Coronavirus (COVID-19) pandemic has had a huge impact on the global economy and most businesses. Thousands of companies currently have urgent restructuring needs and every jurisdiction has responded differently. The following is a brief overview of some of the key tools available in the European Union, Germany, and the United States. More details and guidance can be found in our full special report, Out-of-Court Restructuring Alternatives in the European Union, Germany and the United States.
EUROPEAN UNION
On 26 June 2019, the European Un…
Read the full article at: https://www.natlawreview.com/article/out-court-restructuring-alternatives-european-union-germany-and-united-states
Dealing with serious credit card debt? You have options. (iStock)
Having high amounts ofcredit card debtcan be daunting. And paying it all off? Thats even more difficult.
Fortunately, there are a number of strategies that can help youtackle the problem, including some that may even save you on interest in the long run. First, you’re going to want to take a hard look at your financial situation, make yourself a monthly budget, and calculate your total debt.
Once you’ve done all of these things, then you can start looking into financial tools and productsto help ensure you make your credit card payments on time and start chipping away at that outstanding credit card balance. There are some easy ways to pay down debt even…
Read the full article at: https://www.fox29.com/money/how-to-pay-off-50000-credit-card-debt
Socialite Kate Waterhouse and her former rugby league player husband Luke Ricketson have emerged as the buyers behind one of Mosmans highest sales this year, splashing $17.8 million for a house fronting Balmoral Beach.
It was an off-market purchase by the couple from rag trader Ling Zijian, more than three times the $5.3 million it last traded for in 2003 when sold by then internet entrepreneur Wayne Passlow.
Passlow sold at a loss a year after his Open Telecommunications software company went into voluntary administration in the wake of the dotcom bust, having paid $5.9 million for it in2000 from the late yachtie Warren Johns and his widow Joan.
Ling, 61, is the head of fast fashion label Ladakh, a Surry Hills distributor of womens, …
Read the full article at: https://www.domain.com.au/news/title-deeds-kate-waterhouse-stakes-a-high-end-claim-to-balmoral-beach-with-17-8m-digs-1016585/
Dealing with serious credit card debt? You have options. (iStock)
Having high amounts of credit card debt can be daunting. And paying it all off? Thats even more difficult.
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Fortunately, there are a number of strategies that can help you tackle the problem, including some that may even save you on interest in the long run. First, you’re going to want to take a hard look at your financial situation, make yourself a monthly budget, and calculate your total debt.
Once you’ve done all of these things, then you can start looking into financial tools and productsto help ensure you make your credit card payments on time and start chipping away at that outstanding credit card balance. There are some easy ways to…
Read the full article at: https://www.foxbusiness.com/money/how-to-pay-off-50000-credit-card-debt
The new permanent $10,000 threshold will ensure that Australians in financial difficulty are not made bankrupt over relatively small amounts of debt, Mr Porter said in a statement on Friday.
This also accounts for the changing value of money since the $5000 threshold was last increased in 2010, as well as changes to debt levels since that time.
Bracing for business failures
Bankruptcies have been artificially suppressed by emergency COVID-19 measures such as bank loan repayment deferrals and government stimulus payments such as JobKeeper, JobSeeker and small business cash flow support.
Before the pandemic, groups including the Australian Banking Association, the Consumer Action Law Centre and other consumer organisations urged a review …
Read the full article at: https://www.afr.com/politics/federal/bankruptcy-threshold-permanently-lifted-to-10-000-20201218-p56oq8
Gambling has been integrated as a common pastime in the UK, and based on the survey conducted by the website Beating Betting, 38.7% of online gamblers spend between 10 and 100 per month. This means that gambling has become among common monthly expenses and some bettors find themselves under financial pressures due to excessive gambling.
In fact, gambling essentially starts with the sentence I try my luck. However, over time, some people could become trapped by gambling and have serious addiction problems, and financial hardship can, therefore, arise. These major money issues will affect the compulsive gamblers social life, employment, relationships, and the final stage of bankruptcy, leading to a range of mental health problems. With t…
Read the full article at: https://www.timesofcasino.com/financial-help-for-gambling-debt-top-organizations/
Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends
MEDIA RELEASE
18 December, 2020
FOR IMMEDIATE RELEASE
BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP
-Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after 1 January 2021–
Leading Corporate Insolvency advisory MacKay Goodwin has warned struggling businesses have just days to seek professional help before The Federal Government’s temporary safe harbour ends on New Year’s Eve. Directors of companies trading whilst insolvent will no longer have protection from 1 January 2021, which could leave them …
Read the full article at: https://prwire.com.au/pr/93929/business-lifeline-to-end-nye-distressed-businesses-should-seek-professional-help-asap
A new report from the Australian Small Business and Family Enterprise Ombudsman has confirmed the resilience of small businesses in the face of challenging conditions.
The report, released by Ombudsman Kate Carnell today, provides a statistical overview of small business performance in Australia, using data available from the Australian Bureau of Statistics (ABS) and other trusted sources.
Of note in the Small Business Counts Report is an in-depth look into the COVID-19 crisis which reveals 40 per cent of small businesses changed the way they provided products and services in response to the pandemic.
“2020 has been a year like no other and certainly the toughest Australia’s 2.3 million small businesses have ever experienced,” Carnell …
Read the full article at: https://www.businessnewsaus.com.au/articles/ombudsman–small-business-sector-resilient-through-covid-19-crisis.html
Indian gambling addict threw acid on his wife to punish her for her refusal to go to his gambling friends and pay his debt by being gang-raped, according to a media report. The brutal case of sexual exploitation took part in Bihar, a state which ranked 14th in 2019 with 2,300 cases of domestic violence and was one of many during the period of lockdown in the country.
Objectifying a Living Person
According to the senior police official of Muzahidpur police station, the 36-year-old man lost his wife with whom he had been married for 10 years while playing with his gambling buddies in late October. When he tried to send her against her wishes to the others to pay his dues, something she had done before, and she refused to go this time, he…
Read the full article at: https://www.gamblingnews.com/news/gambling-addiction-leads-to-domestic-violence-and-sexual-abuse/