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Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The Supreme Court ruled that creditors can proceed against personal guarantors of a corporate debtor even while insolvency proceedings are
Katie Price insists her house 'smells INCREDIBLE' after she's accused of 'failing to pick up dog excrement' at her £2
Get the latest viral stories daily! Like us: Landing a job isnt the only challenge for many Malaysian youths, as
The leader of Tonga has called on Pacific Island leaders to band together and press China to write off
A FRIGHTENED and tearful Hannah Quinn, the 23-year-old woman charged over the alleged samurai sword murder of Aussie rapper Jett
A 23-year-old woman charged with murdering rapper Jett McKee, also known as Scepaz, has been granted bail by
Telstras overall fixed line revenue the money that comes from providing services over traditional phone lines to homes and offices
Well, if you think you are the only one with loadsof debt on his head, then you are highly mistaken
Reports by MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, RAHIMY RAHIM and LOSHANA K SHAGAR  MALAYSIANS numbering 64,632 have been declared bankrupt in
LITTLE ROCK, Ark. (KTHV) - New developments in a story weve been looking in to for a while: Student loan
They paid off their $330,000 mortgage in five years. Photo courtesy of Talaat and Tai McNeely TaiMcNeely almost didn't marry
With a swipe here and a swipe there, it can be easy to live your life on plastic and pile

The Supreme Court ruled that creditors can proceed against personal guarantors of a corporate debtor even while insolvency proceedings are on.

The top court said the moratorium envisaged under Section 14 of the Insolvency and Bankruptcy Code will not apply to the personal guarantors. The provision places a moratorium on any suits or proceedings against the company during the insolvency resolution period.

We have seen that Part III (of the code) has not been brought into force, and neither has Section 243, which repeals the Presidency-Towns Insolvency Act, 1909 and the Provincial Insolvency Act, 1920, said a bench of Justice Rohinton Fali Nariman and Justice Indu Malhotra on Aug. 14.

The top courts ruling came on an appeal filed by the State…

Read the full article at: https://www.bloombergquint.com/law-and-policy/2018/08/16/banks-can-act-against-personal-guarantors-of-insolvent-companies-rules-supreme-court

Katie Price insists her house ‘smells INCREDIBLE’ after she’s accused of ‘failing to pick up dog excrement’ at her £2 million mansion

Olivia Wheeler For Mailonline

Katie Price has revealed that her £2 million mansion ‘smells incredible’ after she was accused of failing to pick up her dog’s excrement and leaving it with the scent of a ‘pettin…

Read the full article at: http://www.dailymail.co.uk/tvshowbiz/article-6066181/Katie-Price-admits-house-smells-INCREDIBLE-failing-pick-dog-excrement.html

Rocket WOBGet the latest viral stories daily! Like us:

Landing a job isnt the only challenge for many Malaysian youths, as a recent report showed that we also have trouble keeping with our finances. Oh dear! 

According to The Star, about 64,632 Malaysian youths between the age of 18 and 44 years old were reportedly declared bankrupt over the last five years.

Minister in the Prime Ministers Department Liew Vui Keong revealed in a statement that a total of 13,098 cases were recorded in 2014, according to the statistics from the Insolvency Department. This makes it the highest recorded cases of bankruptcy among youths compared to 13,036 cases documented in 2013.

Source: Kerjaya

He was quoted as saying,

In 2015, a total of 11,277 were dec…

Read the full article at: https://www.worldofbuzz.com/malaysian-youths-broke-65000-declared-bankrupt-since-2013/

The leader of Tonga has called on Pacific Island leaders to band together and press China to write off their debts, saying his small nation is suffering “serious” debt distress.

Key points:

  • Tonga’s Prime Minister wants to use the Pacific Islands Forum to tackle the Chinese debt issue
  • Akalisi Pohiva says the region should collectively urge Beijing to waive repayments
  • China says its aid is aimed at “improving people’s lives” and “economic development”

The calls come as Beijing defended its spending program in the Pacific in a statement to the ABC as “sincere and unselfish” while arguing that it only provides loans to those who can afford it.

Severa…

Read the full article at: http://www.abc.net.au/news/2018-08-16/tonga-leads-pacific-call-for-china-to-forgive-debts/10124792

A FRIGHTENED and tearful Hannah Quinn, the 23-year-old woman charged over the alleged samurai sword murder of Aussie rapper Jett McKee in inner-city Sydney on Friday, has been granted bail.

Appearing over video link, Ms Quinn sobbed silently, gasped for oxygen and wrung her hands from Silverwater Womens Correctional Centre as a dramatic new account of the fatal Forest Lodge attack was given in Newtown Local Court.

Prominent Sydney barrister Tom Hughes, representing Ms Quinn, told the court that hip hop artist Mr McKee was a poker machine addict who had carried out a violent home invasion while wearing a balaclava before his alleged murder.

Mr Hughes told the court Mr McKee had threatened to shoot Ms Quinn and was armed with a replica gun.

It…

Read the full article at: https://www.news.com.au/national/nsw-act/courts-law/hannah-quinn-weeps-as-she-is-bailed-over-alleged-samurai-sword-murder/news-story/b2d2e70d41f6390c48eebe5f7548606b

A 23-year-old woman charged with murdering rapper Jett McKee, also known as Scepaz, has been granted bail by a Sydney court.

Key points:

  • Hannah Quinn and her boyfriend turned themselves in to police after three days on the run
  • The court heard Quinn did not know what her boyfriend was going to do
  • The surety for Ms Quinn’s bail was $60,000

Hannah Quinn, who appeared via video link from Silverwater Jail, broke down in tears when the decision was handed down at Newtown Local Court.

The part-time barista is accused of crash-tackling McKee down Here…

Read the full article at: http://www.abc.net.au/news/2018-08-16/forest-lodge-murder-accused-hannah-quinn-granted-bail/10109588

  • Telstras overall fixed line revenue the money that comes from providing services over traditional phone lines to homes and offices fell by 9.2% to $5.81 billion in 2018.
  • Fixed voice, a component of fixed line revenue which involves traditional phone services, declined even faster, down more than 15% to $2.64 billion.
  • The drop is a symptom of the nbn roll-out.
  • In response, the telco has accelerated its restructure and cost-cutting.

Telstras revenue is shrinking, squeezed by increasing competition and by the roll-out of the nbn eating into its fixed line business.

Australias biggest telco, saying it faces times of enormous challenge and change, today reported a 8.9% fall to $3.53 billion in full year pro…

Read the full article at: https://www.businessinsider.com.au/telstra-results-fixed-line-revenue-declines-2018-8

Well, if you think you are the only one with loadsof debt on his head, then you are highly mistaken about yourself. A lot of people are drowning in debt. People think they can waive it off at the right time, but thats never going to happen, and less they know they are already in the bigger mess of the high interest charged debt. Its a tough job of handling multiple debts payment like credit card bill payments, medical bills, home-utilities bill, etc. Plus, there are some other debts as well which becomes overwhelmed if not handled timely thus letting people feel helpless. Well, people always have choices before taking a decision and with right options to be considered, you may help yourself reduce the size of the debtand can also be …

Read the full article at: http://t2conline.com/the-best-and-worst-analysis-of-financial-circumstances-with-debt-consolidation-loan/

Reports by MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, RAHIMY RAHIM and LOSHANA K SHAGAR 

MALAYSIANS numbering 64,632 have been declared bankrupt in the last five years, the House was told.

Minister in the Prime Ministers Department Datuk Liew Vui Keong said in a written reply that the highest bankruptcy cases among the individuals, aged between 18 and 44, were recorded in 2014 with a total of 13,098 people, followed by 13,036 in 2013 based on statistics from the Insolvency Department.

In 2015, a total of 11,277 people were declared bankrupt, and the total increased slightly to 11,875 in 2016, he said.

The figure stood at 11,106 last year, and 4,240 up till April this year, he said in response to Mohd Shahar Abdullah (BN-Abdullah), wh…

Read the full article at: https://www.thestar.com.my/news/nation/2018/08/16/almost-65000-msians-declared-bankrupt-in-last-five-years-says-liew/

LITTLE ROCK, Ark. (KTHV) – New developments in a story weve been looking in to for a while: Student loan debt. It affects tens of millions of Americans, and many end up seeking help to pay off their growing debt.

A federal agency is now accusing one of the companies people turn to for help of operating a debt relief operation that’s cheating thousands of people.

It was a promise to help people escape student loan debt, but instead, it led to a huge lawsuit.

“If it seems too good to be true, it probably is. I’m out about $1,000, James Flanagan, who is engaged to a THV11 employee, said.

He fell victim to what the Federal Trade Commission is calling a “deceptive student loan debt relief scam.”

“‘We coul…

Read the full article at: https://www.thv11.com/article/money/arkansans-fall-victim-to-deceptive-student-loan-debt-relief-scam/91-584481226

Family Mortgage Payoff Picture
They paid off their $330,000 mortgage in five years.
Photo courtesy of Talaat and Tai McNeely

TaiMcNeely almost didn’t marry her now-husband Talaat after discovering he had debt: he owed more than $30,000 from credit cards and vehicles.

Talaat wasn’t alone in his financial struggles. The average American household carries $5,700 in credit card debt alone, and those who take out student loans have more than $37,000 to pay back on average.

After initially struggling to learn how to handle their money as a couple, the McNeelys were able to pay off that $30,000 in their first year as a married couple. This journey inspired them to start His & Her Money to he…

Read the full article at: https://www.thisisinsider.com/easy-ways-to-pay-off-a-lot-of-debt-2018-8

With a swipe here and a swipe there, it can be easy to live your life on plastic and pile up debt. Youre not alone: U.S. households carried credit card balances that totaled $815 billion in debt in the first quarter of 2018, according to the Federal Reserve Bank of New York.

Sticking to a budget, spending wisely and focusing on your financial goals can help you use your money for the things that are most important to you without taking on the burden of credit card debt. Here are three strategies to help you avoid the debt trap.

Set a budget to know your limit

Staying out of debt starts with knowing how much you can (and cant) spend. A realistic budget is the foundation. Take into account everything you s…

Read the full article at: https://www.khou.com/mobile/article/money/nerdwallet/3-simple-things-anyone-can-do-to-stay-out-of-debt/606-c3e4a1f5-bce3-4278-8700-e73285a6c996

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