The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the September quarter 2018.
The numbers of new debtors decreased in the capital cities in the September quarter 2018 compared to the June quarter 2018. The number of new debtors in the Australian Capital Territory decreased.
September quarter 2018 regional personal insolvencies state by state
The Greater Sydney regions with the highest numbers of debtors entering personal insolvency were Campbelltown (NSW) (71), Wyong (66) and Mount Druitt (65). In the rest of New South Wales, they were Newcastle (58), Lake Macquarie East (39) and Tweed Valley (37).
The Greater Melbourne regions with the highest numbers of debtors entering pe…
Read the full article at: https://www.miragenews.com/personal-insolvencies-fall-in-all-capital-cities-in-september-quarter-2018/
The J.M. Smucker Company has concluded a holding company-based review by assigning both creative and media work for many of its best-known U.S. brands to Publicis Groupe.
According to multiple sources with knowledge of the matter, the product lines involved include the companys many jams, jellies and peanut butters, as well as Folgers and Millstone coffees and those that formerly fell under Ainsworth Pet Nutrition, maker of the Rachael Ray lines of dog and cat foods.
WPP and IPG pitched against Publicis for the business, these individuals say.
It is unclear whether Dentsus Carat, which won the J.M. Smucker U.S. media business in early 2016, was invited to defend. It is also unclear which Publicis shops participated in the pitch,…
Read the full article at: https://www.adweek.com/agencies/j-m-smucker-company-consolidates-u-s-creative-and-media-business-with-publicis/
The Times
Manchester
Partners 12 | Staff 60
Established in Manchester in 1995, Turner Parkinson is a business-focused law firm with one of the largest insolvency practices in the northwest. It provides a full range of advisory and transactional services contentious and non-contentious to insolvency practitioners, banks, secondary lenders, directors and business owners. All aspects of personal insolvency work are also undertaken.
The team has two licensed insolvency practitioners its head of department, Mark Lund, and Laura Lucas, an associate. Recent work includes advising Ideal Corporate Solutions on its appointment as the administrator of Imperium Enterprises and subsequently on asset disposals and the purchas…
Read the full article at: https://www.thetimes.co.uk/article/turner-parkinson-best-law-firms-bsjk6pd77
KOTA KINABALU: Allegations of a bankrupt candidate having two identity cards and his arrest by graft investigators are among two ongoing issues as Sabah PKR goes to the polls this weekend.
Sabah PKR chairman Datuk Christina Liew said the matter was being investigated by the Malaysian Anti-Corruption Commission.
We will wait for the outcome of the probe, otherwise we cant pin it on anyone, the Deputy Chief Minister said yesterday when asked about claims that a contestant for the Kimanis division had two MyKads.
Liew said under the law, a declared bankrupt could not contest a position in the party.
On Friday, a 57-year-old member vying for the division chiefs post was held over a probe into money politics in the ongoing party polls.
The …
Read the full article at: https://www.thestar.com.my/news/nation/2018/10/30/bankrupt-candidate-with-two-ics-a-hot-issue/
A Castleton man who brutally stabbed his wife to death has been jailed for life.
David Pawluk aged 59 of Alexander Street was sentenced to life in prison, to serve a minimum of 16 years and eight months, at Manchester Crown Court today after pleading guilty to murdering Margaret Howlett.
Pawluk met Margaret due to being a regular at the bookmakers where she worked.
The pair developed a relationship and married in mid-2017, with plans to sell Margarets home on Alexander Street, Rochdale, and buy a bungalow together.
However, friends of Margaret soon became concerned that Pawluk exhibited controlling behaviour.
Pawluk worked as a taxi driver, and a regular customer told police that he had begun to pick her up smel…
Read the full article at: http://aboutmanchester.co.uk/jailed-for-life-after-stabbing-his-wife-as-they-argued-over-mortgage-and-gambling-debt/
- Paying off consumer debt begins with asking yourself a question, according to Adeola Omole, author of 7 Steps to Get Out of Debt and Build Wealth: Whats motivating me?
- Omole paid off $US70,000 in debt in less than three years and she explained how she did it on Farnoosh Torabis So Money podcast.
- First, you have to figure out why you decided to go into debt in the first place. This helps you pinpoint your money mindset and behaviours, as well as money limitations.
The answer to getting rid of consumer debt begins with a question.
At least, thats if you follow the seven steps in author and lawyer Adeola Omoles book, 7 Steps to Get Out of Debt and Build Wealth.
According to Omole, who paid off …
Read the full article at: https://www.businessinsider.com.au/how-to-pay-off-credit-card-debt-advice-2018-10
Chase announced earlier this fall that in November it will discontinue its free payment management system Blueprint, due to low participation rates. As part of its tools, Blueprint allowed cardholders to choose purchase categories to pay off in full each month, and to divide a larger purchase into installments.
(A spokeswoman said the bank is constantly evaluating products to provide value to customers. As an alternative to Blueprint, she said, it offers “Fixed Amount Auto Pay” wherein users can set a recurring payment amount other than the monthly minimum.)
American Express offers “Pay It Plan It,” l…
Read the full article at: https://www.cnbc.com/2018/10/29/this-repayment-hack-could-help-you-knock-out-credit-card-debt-faster.html
News in brief
A former football club vice-chairman, whose wife has been missing for more than 40 years, has been declared bankrupt. Gordon MacRae, husband of Renee, did not defend the action after Leo Daly, a fellow Ross County FC director, took him to court over an alleged 411,000 debt. Accountant in Bankruptcy was appointed to be trustee of Mr MacRaes estate on behalf of his creditors at Inverness sheriff court. Mr Daly, 69, who lives in Inverness, said he raised the action after chasing Mr MacRae, 81, to repay a loan for a building project. He kept fobbing me off, Mr Daly said. I felt stabbed in the back. Mr MacRae, who also lives in Inverness, declined to comment on the case. …
Read the full article at: https://www.thetimes.co.uk/article/football-executive-whose-wife-disappeared-is-bankrupt-q8rz8zwcj
The way Nirav Modis entities have filed for bankruptcy in the US, ominously reveals the ingenious ways in which Indian companies through their multi-layered structures, move cash and other assets to other jurisdictions. Some of the US court filings have clearly suggested that assets of Modis entities in the US may have been obtained by using monies fraudulently obtained from Punjab National Bank.
The entire episode has brought to light the urgent need for a robust cross-border insolvency law in India. In this regard, the recent recommendations of the Insolvency Law Committee (ILC) on cross-border insolvency mark a crucial step forward. The committees recommendations are essentially in line with the provisions set out in the UNCITRAL Mode…
Read the full article at: https://www.thehindubusinessline.com/opinion/columns/ticklish-issues-in-cross-border-insolvencies/article25353273.ece
BOSTON, Oct 28 (Reuters) – Bank of Nova Scotia (Scotiabank) has hired four people for its metals business in New York after losing six traders and salesmen who defected to rival Canadian lender Bank of Montreal (BMO) last month, sources said.
The move signals that Scotia, whose Mocatta metals arm has for years been the worlds biggest lender to the physical precious metals industry, is committed to the business despite a restructuring that has seen staff exit the bank in droves.
Scotia embarked on a plan to halve the size of its metals operation earlier this year after failing to sell it, sources have previously told Reuters.
More than 10 people have left in London and New York since the restructuring began, including the heads of Mocatta…
Read the full article at: https://www.reuters.com/article/bank-nova-restructuring/scotiabank-fights-back-after-defections-with-new-metals-hires-sources-idUSL8N1X48N6