On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy.
Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more than 100,000.
People who are made bankrupt have a duty to declare their assets, which will be used to pay off their debts. Initially Darren Pole told the Official Receiver that he only owned two properties that had no equity in them.
However, following the appointment of a Trustee in Bankruptcy, further investigations identified a third property owned by Darren Pole. The property was mortgage-free…
Read the full article at: https://www.miragenews.com/cardiff-bankrupt-sentenced-for-hiding-assets-from-official-receiver/
On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy.
Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more than 100,000.
People who are made bankrupt have a duty to declare their assets, which will be used to pay off their debts. Initially Darren Pole told the Official Receiver that he only owned two properties that had no equity in them.
However, following the appointment of a Trustee in Bankruptcy, further investigations identified a third property owned by Darren Pole. The property was mortgage-free and ha…
Read the full article at: https://www.gov.uk/government/news/cardiff-bankrupt-sentenced-for-hiding-assets-from-official-receiver
BOSTON – College students are taking on more debt than ever. In fact, student loan de…
Read the full article at: https://www.boston25news.com/news/as-education-costs-rise-employers-are-helping-pay-off-student-loans/912167288
A miracle is a surprising and welcome event that is not explicable by natural or scientific laws and is therefore considered to be the work of the divine. When Christians talk about a miracle, they mean an event that is not normal that is, one that should not be able to happen according to the laws of nature.
The Gospels describe 35 miracles that Jesus performed. Over half of these miracles are about Jesus healing sick people. Others describe Jesus casting out demons from people. On three occasions, Jesus brought dead people back to life. The rest of the stories show Jesus power over things changing water into wine, feeding a great crowd with very little food, walking on water, calming a storm. This is just a snapshot of the miracles …
Read the full article at: https://www.beliefnet.com/inspiration/financial-inspiration-center/6-prayers-to-help-get-rid-of-all-my-debt.aspx
The new FE insolvency regime is designed to improve the sustainability of the FE sector, says Stephanie Mason, who explains what colleges need to know
On 31 January 2019 the further education insolvency regime comes into force, meaning that for the first time it will be possible for colleges to fail and be placed into an insolvency process. The new legislation, which is similar to the measures introduced last year for private registered providers of social housing, will apply aspects of corporate insolvency law to colleges that are statutory corporations. There will also be a new special administration regime known as education administration, with a special objective to protect learner provision for existing students at an insolven…
Read the full article at: https://feweek.co.uk/2019/01/31/what-does-the-new-insolvency-regime-mean-for-colleges/
A DALBY business has been left $1.6million out of pocket after the French government-owned company, Areva Solar KCP, went into liquidation weeks after it was ordered by a Supreme Court to pay hundreds of thousands of dollars.
Father and son duo Hermes and Steven Speziali own the family business Nortask and were embroiled in a legal battle after the failed Kogan Creek Solar Boost project, operated by Areva Solar KCP and CS Energy, forced them to lay off workers and cost millions in legal assistance, and damage to their property.
The project allegedly went pear-shaped when the materials, purchased by Areva Solar KCP, were found to be defective, according to Steven.
“CS Energy put a hold on the project to sort out these problems…
Read the full article at: https://www.sunshinecoastdaily.com.au/news/local-business-left-in-the-lurch/3636166/
Americans had been doing a better job staying out of debt over the last decade, relative to the personal debt levels seen before the Great Recession.But that scenario is changing.
U.S. adults racked up a total of $1.029 trillion in credit card debt at the end of 2017, according to the Federal Reserve.That amounts to $8,732 per U.S. household, the federal government reports. Worse, way too many credit card customers are paying high-interest rates – often at 20% or higher.
With credit card debt so high, and student loan debt rising to astronomical levels, one way to get on the path to financial recovery is to take out a debt consolidation loan.
These loans can save the day for Americans dealing with high debt burdens, if they manage the …
Read the full article at: https://www.thestreet.com/personal-finance/what-is-consolidated-debt-14847767
news, local-news, administration, napoleon, perdis, cosmetics
Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for months. The company has a retail outlet in Bendigo Marketplace and sells at Myer. The struggling brand was created in 1995 by Australian makeup artist Napoleon Perdis, who started with a concept store in Sydney before expanding the company overseas in 2004. Administrators Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue the sale option while the business continues to trade. All Napoleon Perdis stores closed on Thursday for a stoc…
Read the full article at: https://www.bendigoadvertiser.com.au/story/5881171/cosmetics-brand-napoleon-perdis-enters-voluntary-administration/
Failed online travel agency Bestjet has gone into liquidation after its $10 million collapse left thousands of customers out of pocket.
Bestjet, and its subsidiaries Wynyard Travel and Brooklyn Travel, were placed into administration on December 18.
At a second meeting of creditors in Brisbane this morning, it was resolved to appoint Nigel Markey and Bradley Hellen of Pilot Partners as Bestjet liquidators.
Creditors also resolved to form a committee of creditors to consult with the liquidators.
Read more 9Finance coverage of the Bestjet collapse here.
According to creditors who attended the meeting, Mr M…
Read the full article at: https://finance.nine.com.au/2019/01/31/11/30/bestjet-news-australia-second-creditors-meeting
Beauty business Napolean Perdis has appointed administrators, becoming the second national retailerthis month to fall victim to difficult market conditions.
Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants were appointed as administrators of the business on Thursday.
All 56 of thecompanys stores will remain closed for stocktake today before re-opening tomorrow as a sale process is undertaken.
The administrators have so far been unable to confirm the number of employees working for the business.
The eponymous brand was started by Australian makeup artist Napoleon Perdis in 1995 with an initial concept store in Sydney which expanded out of a makeup academy.
It grew to international prominence, particularly in th…
Read the full article at: https://www.smartcompany.com.au/industries/retail/napoleon-perdis-collapsed/
NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Danske Bank A/S (OTCMKTS: DNKEY)
Class Period: Purchasers of American Depositary Receipts between January 9, 2014 and October 23, 2018
Lead Plaintiff Deadline: March 11, 2019
Throughout the class period, Danske Bank A/S allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Danske Banks Estonian branch was facilitating money laundering through at least March 2016; (ii) that a whistleblower had …
Read the full article at: http://www.globenewswire.com/news-release/2019/01/31/1708005/0/en/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-DNKEY-YRIV-ALKS-and-MKL.html
Like many people with debt, you might not know how much money you actually owe or how long it will take to pay off. A debt tracker can help you learn exactly what youre dealing with and create a plan that works.
What is a debt tracker?
A debt tracker is a system for monitoring debt. It can be a basic notebook or sophisticated tool, such as an app, spreadsheet or calculator. Using a debt tracker can be key to paying off debt.
GET OUT OF DEBT FASTER WITH NERDWALLET
Well help you stay on top of upcoming payments and find a strategy to ditch your debt.
The debt tracker you choose should include several key pieces of information:
- Account names. These are the lenders to whom you owe money. You might pay your credit c…
Read the full article at: https://www.nerdwallet.com/blog/finance/debt-tracker/