The number of Australians “going under” financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year.
Key points:
- Bankruptcies rose for the 3rd consecutive year in 2017
- Queensland had the highest number of bankruptcies last year
- Men are more likely than women to declare bankruptcy
The increase follows an almost 5 per cent rise in 2016.
Quarterly data released by the Australian Financial Security Authority paints a starkly different picture from the generally more upbeat numbers elsewhere in the domestic economy.
Breaking down the numbers, the credit reporting and debt collection …
Read the full article at: http://www.abc.net.au/news/2018-01-31/personal-invancies-on-the-rise/9375284
PNB, which filed the insolvency petition, said NRC had failed to honour a one-time settlement deal earlier too. Photo: Pradeep Gaur/Mint
Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday reserved its order on the insolvency petition filed by the Punjab National Bank (PNB) against NRC Ltd, formerly known as National Rayon Corp. Ltd.
NRC is one of the leading companies of Kolkata-based Duncan Goenka Group.
The counsel for Punjab National Bank argued that there is an admitted debt by the company and previously, too, the bank had agreed to a one-time settlement (OTS), but the company failed to honour that as well.
The company has sought several one-time settlement offers from the bank, but nothing worked out. In t…
Read the full article at: https://www.livemint.com/Companies/HPQXpVdFm0WjSGFFsimeVO/NCLT-reserves-order-on-plea-against-Duncan-Goenka-firm.html
Hong Kongs legislature decided on Thursday to wrap up its inquiry into the misconduct allegations against former leader Leung Chun-ying, after admitting it had not been able to get any first-hand information over the past 25 months.
The decision came after the Independent Commission Against Corruption (ICAC) announced in December that its four-year investigation into Leung had ended with the Justice Department concluding that there was not enough evidence to press charges against the former chief executive.
The Legislative Council set up a select committee in November 2016 to look into Leungs receipt of part of the HK$50 million (US$6.4 million) payment from Australian firm UGL during his time in office.
The payment, which was not decla…
Read the full article at: https://www.scmp.com/news/hong-kong/politics/article/2181591/legco-closes-down-inquiry-misconduct-allegations-against-cy
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How does crowdfunding work for startup entrepreneurs?
Crowdfunding exploded onto the internet a few years ago. Since then early platforms like Kickstarter and Indiegogo have seen hundreds of new crowdfunding platforms emerge onto the scene, fueled and transformed by the new JOBS Act. How can this help entrepreneurs launch and grow their startups? How does this fundraising strategy compare to other options? What do you need to know before you try it?
What is Crowdfunding?
As the name suggests, this is all about engaging the crowd to co-fund projects and startup ventures. Funding can be provided by tens, hundreds or thousands of individual investors, as well as institutional investors and the…
Read the full article at: https://www.forbes.com/sites/alejandrocremades/2019/01/12/how-crowdfunding-works-for-entrepreneurs/
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Read the full article at: https://www.independent.ie/business/personal-finance/switching-saturday/change-cards-to-help-relieve-your-festive-spending-hangover-37702583.html
Tianjin Quanjians fate has brought the issue of club ownership in Chinese football back to the fore. Following the arrest of pharmaceutical giant Quanjian Group chairman Shu Yuhui and 17 other members of the company the fall of their football club has been swift.
The signs at the stadium have been dragged down and the name has been changed as the club looks to airbrush its history.
Tianjin Quanjian is no more, long live Tianjin Tianhai. The renamed club is under the control of the local sports bureau for the foreseeable future.
While Shu and his fellow purveyors of magic insoles await their fate under the Chinese legal system, sport has moved swiftly with the Tianjin Quanjian table tennis team the first to drop the name.
Read the full article at: https://www.scmp.com/sport/china/article/2181799/alexandre-pato-leaving-stadium-signs-dragged-down-club-name-changed
When you take the time to prepare a meal, you probably expect your food to nourish you instead of making you sick. But foodborne illness due to harmful bacteria, viruses, parasites, toxins, and chemicals is astoundingly common. The Centers for Disease Control and Prevention (CDC) estimates that about 48 million people experience a foodborne illness every year in the United States. Thats a lot of wear and tear on toilets around the nation.
Its not just restaurants or supermarket produce causing the trouble. Cooking at home is a major source of foodborne illness as well, Philip M. Tierno, Ph.D., clinical professor of microbiology and pathology at NYU Langone Health and author of the book The Secret Life of Germs, tells SELF.
Some of the basi…
Read the full article at: https://www.self.com/story/food-safety-mistakes