Key points:

• A major Melbourne building company facing millions of dollars in claims for combustible cladding has gone bust
• Residents in Brunswick were seeking millions of dollars from H Buildings to remove cladding that’s been deemed dangerous
• Apartment owners are refinancing their home loans to meet the cost of repa…

  Read the full article at: http://www.abc.net.au/news/2018-09-08/residents-furious-builder-sued-combustible-cladding/10214570

  

  Residents in apartments bound in combustible cladding fear they will have no option but to pay millions of dollars to make their homes safe again, after construction company Hickory placed its subsidiary, H Buildings, into voluntary administration.

  Key points:

  • A major Melbourne building company facing millions of dollars in claims for combustible cladding has gone bust
  • Residents in Brunswick were seeking millions of dollars from H Buildings to remove cladding that’s been deemed dangerous
  • Apartment owners are refinancing their home loans to meet th…

    Read the full article at: http://www.abc.net.au/news/2018-09-08/residents-furious-builders-sued-combustible-cladding/10214570

    CREDIT card customers will find it tougher to get plastic under drastic new changes that will force them to repay their debts in just three years.

    From January 1 cardholders signing up to a new card must prove they can repay the total limit within this time frame.

    Latest Reserve Bank of Australia data shows credit card limits hit a record high in April at $153.9 billion – on an average of about $9400 per card.

    Under the changes implemented by the corporate regulator, the Australian Securities and Investments Commission, banks have less than four months to roll out the new rules.

    Consumer groups believe the move is a huge win for credit card customers because it will lead to less people running into financial heart…

    Read the full article at: https://www.news-mail.com.au/news/credit-card-crackdown-to-help-customers-get-out-of/3513952/

    
    VANCOUVER, Sept. 7, 2018 Zecotek Photonics Inc., a developer of photonic technology products, has announce an internal restructuring of its intellectual property, photonics technology, and business functions across the three operating divisions of Zecotek Imaging Systems Pte. Ltd., Zecotek Optronics Systems Pte. Ltd., and Zecotek Autotronics Systems Pte. Ltd.

    Due to the considerable interest in our technology and investment potential in our operating divisions, it was necessary to better align our photonics technology, intellectual property, and associated business functions across our three operating divisions, said A.F. Zerrouk, chairman, president, and CEO of Zecotek Photonics. We have recently completed two division…

    Read the full article at: https://www.photonics.com/Articles/Zecotek_Announces_Restructuring/a63880

    Is your credit card balance increasing or decreasing? Data from the credit bureau Experian suggests that it’s more likely to be rising. Credit card balances increased by an average of almost 6.6% year over year in the second quarter of 2018, adding $48 billion to America’s collective credit card debt.

    Debt rose in every state, although some states fared better than others.

    Five states topped the list with debt increases over 8%, headed by Nevada at 9.34%. (Increased credit card usage in the home of legalized gambling? Not a surprise.) Nevada was joined in the top five by Florida (8.95%), Washington, DC (8.59%), South Carolina (8.50%) and Georgia (8.43%).

    Three Northeastern states were among the five most frugal with their credit cards. Ma…

    Read the full article at: https://siouxcityjournal.com/business/investment/personal-finance/credit-card-debt-by-state/article_4e9d71c5-22ec-5dda-9221-29ac52ed066b.html

    Is your credit card balance increasing or decreasing? Data from the credit bureau Experian suggests that it’s more likely to be rising. Credit card balances increased by an average of almost 6.6% year over year in the second quarter of 2018, adding $48 billion to America’s collective credit card debt.

    Debt rose in every state, although some states fared better than others.

    Five states topped the list with debt increases over 8%, headed by Nevada at 9.34%. (Increased credit card usage in the home of legalized gambling? Not a surprise.) Nevada was joined in the top five by Florida (8.95%), Washington, DC (8.59%), South Carolina (8.50%) and Georgia (8.43%).

    Three Northeastern states were among the five most frugal with their credit cards. Ma…

    Read the full article at: https://journaltimes.com/business/investment/personal-finance/credit-card-debt-by-state/article_a8a4f2bb-84ca-57d7-beb0-d8d90822dfee.html

    

    Simon Romana, also known as Hai and Haimana, founded Ira NRG in 2010 to turn sewage into electricity. The company folded soon after.

    An energy company, whose founder claimed he could turn sewage into electricity, has finally met its demise, eight years after it was banned for selling shares without a prospectus.

    The liquidation of the company Ira NRG has left everyone involved  even the liquidator  out of pocket.

    Ira NRG was founded in March 2010 by Simon Romana, also known as Hai and Haimana, who claimed he could turn sewage into electricity through a process called gasification.

    He had previously fou…

    Read the full article at: https://www.stuff.co.nz/business/106897710/liquidation-of-sewagetoelectricity-company-ends-after-eight-years

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    Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses.

    Accompanying this initiative is a renaming of R&Qs Malta domiciled insurance platform, R&Q Insurance (Malta) Ltd., to Accredited Insurance (Europe) Ltd. This change is effective immediately.

    Accredited will be jointly run by Todd Campbell, as CEO of its U.S. business, and Colin Johnson, as CEO of its European division. Both individuals report to Alan Quilter, co-founder of R&Q and group CFO.

    Accrediteds strategic aim is to provide high quality and fully licensed capacity for MGAs and othe…

    Read the full article at: https://www.insurancejournal.com/news/international/2018/09/07/500417.htm

    The Company informs that the Fifth (5th) Meeting of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 was held on Thursday, 6th September 2018. This is a Post Facto intimation of the Committee of Creditors Meeting.

    Pdf Link:
    Ricoh India Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors

    Source : BSE – www.bseindia.com

    Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ricoh-india-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article24892280.ece

    Lyndon Porretta, 47, from Newport was a carpenter, who held management positions in a number of joinery installation companies.

    In 2000, Lyndon Porretta set up Kruz Developments Ltd (Kruz) after he spotted a gap in the market caused by increasing demand for disability access. The company provided installation services to clients such as rehabilitation centres, banks and retailers across South Wales.

    However, work declined during the recession and in late 2015, after inspecting company records, HMRC discovered that Kruz Developments had deliberately filed 14 VAT returns between December 2011 and September 2015 which understated the amount of tax due by a total of £521,814.

    This led to a demand for VAT and penalties of £743,464,…

    Read the full article at: https://www.gov.uk/government/news/7-year-ban-for-director-of-disability-ramp-company

    Debt-ridden young people in Kirklees are declaring themselves insolvent before they reach their mid-twenties.

    New data shows a total of 821 people in the borough either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.

    Of those, 44 were aged under 25.

    Twenty-one of those youngsters took on an IVA, while 22 accepted a DRO. One was declared bankrupt.

    Across Kirklees a whole, one in every 412 adults of all ages fell into individual insolvency in 2017.

    The national average for England and Wales was one in 469.

    Stoke on Trent had the highest rate, with one insolvency for every 223 adults living in the city.

    In some parts of London and the affluent south – such…

    Read the full article at: https://www.examiner.co.uk/news/west-yorkshire-news/young-people-broke-going-bankrupt-15118303

    DebtReviews.com offering 100% free reviews on Debt Relief programs

    Americas leading online debt reviews provider, DebtReviews.com, helps students, companies, and individuals choose the most suitable debt relief company with 100% unbiased and free reviews

    Debt Reviews is undoubtedly one of Americas leading providers of debt reviews, described by some as Americas #1 Credit, Tax, and Student loan Debt Relief Program Reviews provider. It has achieved this fame thanks to its unbiased and up to date reviews of different debt settlement companies that have helped hundreds to thousands of individuals and businesses to have the desired control of their debt and attain a considerable level of financial stability.

    Finding the perfect debt reli…

    Read the full article at: http://www.digitaljournal.com/pr/3928135

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