His marriage had broken down and he was struggling to pay child support for his two sons, now living with their mum. He feared the letterbox with its constant stream of bills.

I wanted to end [my] life because nothing was left. It was pretty awful. Peter

The final blow fell when the builder of an investment property Peter owned went bankrupt. After that, everything fell apart.

I had pains in my chest from worry and headaches It affects your wellbeing, it affects your thinking, it affects your work, your health goes down its everything, Peter tells Eternity.

Its not just the worry of paying [the debt] down …

Read the full article at: https://www.eternitynews.com.au/good-news/how-to-live-debt-free-now-and-eternally/

ATLANTIC CITY, N.J. (AP) The tagline makes the solution sound so simple: Gamble responsibly.

Its anything but for those who struggle with compulsive gambling. Instead, the footnote caps a powerful new temptation as ads for sports betting emerge in states that have recently legalized an activity once banned in most of the United States.

Sharon, a 39-year-old homemaker, decided with her husband to move from New Jersey to New York specifically to get away from legalized sports betting, but still sees ads frequently that remind her of the tens of thousands of dollars in debt she racked up on a wagering app.

Charlie, an information technology professional from suburban Philadelphia, says the advertisements and easy access makes wagerin…

Read the full article at: https://federalnewsnetwork.com/sports-news/2019/06/bet-responsibly-a-struggle-for-some-as-sportsbook-ads-widen-3/

Arcadia Group, the retail empire owned by UK billionaire Philip Green, said a decisive vote over the fate of the business has been delayed until later this month in order to allow further discussions with some of its creditors.

The company behind brands such as Topshop and Dorothy Perkins had been hoping its landlords would back an insolvency arrangement that would save it from falling into administration.

But in a statement on Wednesday, the once high-flying fashion group said the vote would now be postponed until next Wednesday June 12 so it can conduct further dialogue with a few landlords.

It is in the interests of all stakeholders that we adjourn todays meetings to continue our discussions with landlords, said Arcadia chief execut…

Read the full article at: https://www.ft.com/content/4a513402-87b1-11e9-a028-86cea8523dc2

Ms Soutsakhorn Chanthabouly (known as Nicole Khammenathy) of Carnes Hill, NSW, has been convicted and sentenced after pleading guilty to charges related to illegal phoenix activity.

She was a shadow director of MK Asbestos Removal Pty Ltd ACN 142 918 590, which operated a business of asbestos removal services in New South Wales.

Ms Chanthabouly was charged with one count of breaching her director duties and another count of destroying company records, following an investigation by ASIC. She was sentenced to a one-year, $500 good behavior bond and ordered to pay $22,000 in reparation.

As a result of her conviction, Ms Chanthabouly is automatically disqualified from managing corporations for five years from 16 May 2019.

An ASIC investiga…

Read the full article at: https://www.accountantsdaily.com.au/business/13117-asic-secures-sentence-against-shadow-director

ATLANTIC CITY, N.J. (AP) The tagline makes the solution sound so simple: Gamble responsibly.

Its anything but for those who struggle with compulsive gambling. Instead, the footnote caps a powerful new temptation as ads for sports betting emerge in states that have recently legalized an activity once banned in most of the United States.

Sharon, a 39-year-old homemaker, decided with her husband to move from New Jersey to New York specifically to get away from legalized sports betting, but still sees ads frequently that remind her of the tens of thousands of dollars in debt she racked up on a wagering app.

Charlie, an information technology professional from suburban Philadelphia, says the advertisements and easy access makes wagerin…

Read the full article at: https://federalnewsnetwork.com/sports-news/2019/06/bet-responsibly-a-struggle-for-some-as-sportsbook-ads-widen-4/

Sir Philip Greens Arcadia group has delayed a crunch vote on its restructuring plans, as the retailer remains locked in negotiations with landlords.

The company said on Wednesday that it would adjourn a meeting of suppliers, landlords and other creditors voting on seven company voluntary arrangements (CVAs) until June 12.

It said this would give it more time to discuss the plans with landlords, amid reports that several shop-owners were not happy with the arrangements.

Ian Grabiner, CEO of Arcadia, said: It is in the interests of all stakeholders that we adjourn todays meetings to continue our discussions with landlords.

We believe that with this adjournment, there is a reasonable prospect of reaching an agreement that the majority of landlo…

Read the full article at: https://www.countypress.co.uk/news/national/17686899.arcadia-postpones-knife-edge-vote-on-store-closure-plans/

Corporate rescue and restructuring specialist Quantuma has appointed Duncan Beat as a Partner to its Chelmsford and London offices. Beat arrives at the consultancy after three decades in the industry, including almost 20 years with Baker Tilly.

Founded in 2013, Quantuma has grown to become a 20 million practice employing 170 staff. Headquartered in London, the company has a strong presence across the South of England, with locations in Southampton, Marlow, Watford, Brighton and Bristol. The firm has been expanding its headcount to meet heightened demand in its offices in 2019. Earlier in the year, this saw the firm appoint Rob Parryas a Partner to its Manchester office, following 12 months of Partnership appointments with Gavin Pearson,…

Read the full article at: https://www.consultancy.uk/news/21509/insolvency-veteran-becomes-partner-in-quantumas-london-office