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My husband started his own one-man, small business as a handyman a little less than a year ago. He has netted $17,000 in that time, but the business has about $13,000 worth of debt. We’ve always kept personal finances and business separate, but what would you think about us selling one of our paid-for cars to help with the business debt?
Robin
Dear Robin,
There’s nothing wrong with small beginnings. On top of that, you should always keep your business and personal finances separate. Aside from the debt, it sounds like he’s off to a good start.
I think you’ll be able to pay off the debt from your future income. If your husband started his bus…
Katie is losing grip of her funds (Picture: Getty)
Katie Price might be facing insolvency in a little over a month if she doesnt repay her debts, however the woman apparently has been looking at some new money-making avenues.
And now its been claimed Katie, who had until 30 October to repay her debts or face being declared bankrupt, has invested her meagre spare change into one of her new squeezes businesses.
Insiders have alleged the 25-year-old Essex lad is beginning to control her finances and encourage her to invest in businesses he has a…
Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe.
The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig…
Wonderland Touring Pty Ltd, a touring company of which artist Alison Wonderland (Alexandra Scholler) is a 50 per cent stakeholder, has entered into liquidation after owing over $776,000 to creditor following her 2017 Scarehouse Project tour.
The company, whose co-directors and 25 per cent stakeholders are Falcona agents Christopher Murray and Garth Crane (also Schollers manager), entered liquidation on June 20 2018, a little under a year since it was created.
According to documents obtained by Music Feeds from Australian Securities & Investments Commission (ASIC), Wonderland Touring owes $776,056 to upwards of 80 creditors that range from security and equipment suppliers to plumbers.
Dear Dave: My husband started his own one-man, small business as a handyman a little less than a year ago. He has netted $17,000 in that time, but the business has about $13,000 worth of debt. Weve always kept personal finances and business separate, but what would you think about us selling one of our paid-for cars to help with the business debt? Robin
Dear Robin: Theres nothing wrong with small beginnings. On top of that, you should always keep your business and personal finances separate. Aside from the debt, it sounds like hes off to a good start.
I think youll be able to pay off the debt from your future income. If your husband star…
Taking exception to the use of its name, the Insolvency and Bankruptcy Board of India (IBBI) has suspended the licence of an insolvency professional. The insolvency professional, Kapil Goel, had registered his company as IBBI Insolvency Practioners LLP. The company was incorporated in November 2017.
When the regulator saw this, it had sought a clarification from Goel. He had told the board that he has already asked the Registrar of Companies to change the name, but the name had not been changed.
Following this, IBBI suspended Goel’s licence to practise for three months, starting September 6. He will be able to take up cases only after the name of the company has been chan…
Inchausti said the R&D restructuring was not aimed at reducing our cost base. On the contrary, our R&D to sales ratio in 2019 remains stable.
Thomsen told Reuters the company expects to spend more on research and development this year than the DKK 14.014 billion ($2.199 billion) it spent in 2017, which was 4% less than in 2016: Our analysis shows that we have a surplus of manual labor and are lacking competences in the digital sphere, informatics, data science, artificial intelligence, and automations.
The new units are one of several initiatives Novo Nordisk said it will undertake in its R&D restructuring. …
As Australia’s levels of household debt hit historic highs, experts are warning of a perfect financial storm on the horizon for struggling home owners with a surge in repayments set to hit interest-only home loans over the coming 12 months.
Key points:
Mortgage stress is surging as household finances become increasingly stretched
The situation will become worse as interest-only loans convert to principle plus interest
The mining states of WA and Queensland have been particularly hard hit
Homeowners, particularly in the mining states of WA and Que…
Nokia will cut 500 jobs in the companys Naperville, Illinois, office by year-end as part of the companys restructuring plan. According to a report in Crains Chicago Business, citing unidentified sources, about 250 people were notified earlier this month that their jobs were eliminated and another 250 staff members will be cut by the end of the year.
A Nokia spokesman confirmed that the company was reducing headcount at that location but didnt say how many jobs would be impacted. Following the acquisition of Alcatel-Lucent in 2016, Nokia announced a global synergy and transformation program that runs until the end of 2018, the spokesman said. He added that as part of that restructuring plan the company has reduced headcount in Illinois.
My husband started his own one-man, small business as a handyman a little less than a year ago. He has netted $17,000 in that time, but the business has about $13,000 worth of debt. Weve always kept personal finances and business separate, but what would you think about us selling one of our paid-for cars to help with the business debt?
Robin
Dear Robin,
Theres nothing wrong with small beginnings. On top of that, you should always keep your business and personal finances separate. Aside from the debt, it sounds like hes off to a good start.
I think youll be able to pay off the debt from your future income. If your husband started his business less than a year ago, he has spent that time trying to get things off the g…
IFA farm business chairman Martin Stapleton welcomed the move by BidX1 and also called on vulture funds to engage directly with the IFA and farmers to resolve debt issues.
“Farmers have to be given a fairer period of time to repay their debts. IFA is sick of dealing with endless intermediaries on behalf of these funds.
“It is time for them to put faces to their company and sit down with IFA and try to resolve cases,” he said.
It is estimated that up to 2,000 farms are among thousands of loans that have already been sold, or are to be offloaded by the banks to vulture funds.
Mr Stapleton said the IFA would oppose forced farm sales where the owners are willing to implement a credible solution to their problems.
