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It was a very money-driven company, and the bonuses were very generous.
–Jenny, a former debt agreement company employee.
While the Banking Royal Commission has exposed a litany of unethical and fraudulent lending practices at financial institutions, the flipside of the coin is the debt help industry.
These are companies that are profiting by offering debt solutions or debt relief to money-stressed Australians. And thats a huge market. Personal debt has reached nearly $2.4 trillion nationally, or nearly $100,000 per Australian.
One way they do this is through whats known as a debt agreement. You might have seen the ads on TV or online they promise an easy way out of debt for those struggling.
These legally-binding agreements have some great …
Former NBA star (andKhlo Kardashians ex!)Lamar Odomwas reportedly kidnapped and held hostage after a night of gambling. A new report reveals the 38-year-old spent two days with his captors back in June while his girlfriend, Savanna Waldrop, and her daughter were threatened with a gun.
Lamar has massive separation anxiety so he flew to meet [Savanna] in her hometown, even though she told him no and she needed to have some time alone with her family, a source toldRadar Online.
Exclusive: Lamar Odom was kidnapped and held hostage by bookies for gambling debt. https://t.co/MFi1mceP3K
A debt help charity is seeing growing numbers of people falling behind with fuel bills and a resurgence in the proportion of clients with high-cost credit such as payday loans.
StepChange Debt Charity said the proportion of clients in arrears with council tax is also stubbornly high.
In the first half of 2018, 13.1% of all new clients were behind on a gas or electricity bill compared with 11.4% in the first half of 2017.
The charity said the increasecoincides with some companies having already raised prices this year.
While some customers could potentially reduce their bills by switching, those facing financial difficulty may be nervous of the complexity of price tariffs and wary of being caught out and put in an even worse financial positio…
According to a source, the frightening chain of events began in Portland, Oregon in early June when Odom went to visit his then-girlfriend, Savanna Waldrop, and her family.
Lamar has massive separation anxiety so he flew to meet her in her hometown even though she told him no and she needed to have some time alone with her family, a source told Radar.
(Corrects Oct. 1 story to remove reference in second paragraph to Brexit uncertainty, which the company has said was a view held by its previous, not current, management team)
Oct 1 (Reuters) – British outsourcing firm Mitie Group Plc said on Monday it would sell its pest control business to Rentokil Initial Plc for 40 million pounds ($52.1 million) cash, as it looks to focus on its core businesses as part of a restructuring.
The company, which provides cleaning, security and healthcare services, has been restructuring since issuing profit warnings in 2016 and 2017.
Mitie has also formed a preferred supplier partnership with Rentokil, to provide a range of services, including pest control, to Mities customers.
Last week, Bay Harbor Islands, Fla.-based hedge fund ESL Investments unveiled a plan to rescue one of the icons of American retail: Sears Holdings Corp., which owns the Sears and Kmart brands. However, experts warn that ESL likely stands to gain more from the restructuring than Sears Holdings, and they note there is a potentially large conflict of interest, because Sears CEO and chairman Edward Lampert also owns the hedge fund, which is the retailers largest shareholder.
ESLs plan for Sears restructuring called for the retailer to sell real estate assets to extinguish related debt of $1.5 billion, as well as restructure $1.1 billion in debt, according to afilingwith the Securities and Exchange Commission.The plan is expected tocut…
Whether youre servicing one debt, or several, it can pay to shop around for a different product
Running a small business isnt always plain sailing and there are likely to be ups and downs, including times when business is doing great and the cash is rolling in, and times when youre feeling the pinch.
The important thing to remember is that you do have options and there are various possible avenues to explore when cash flow is squeezed. Theres a huge market out there now for businesses looking for finance, with funding options of all shapes and sizes to consider. It could be that some simple debt consolidation is all you need to provide that extra bit of breathing room.
We would like to inform you that meeting of the 02nd Committee of Creditors of Sterling International Enterprises Limited is scheduled to be held on Thursday, 04th October 2018 at 2:00 P.M. IST at The Orchid, 70/C, Nehru Road, Near Domestic Airport, Vile Parle (East), Mumbai 400 099, Maharashtra, India.
ROCKFORD, Ill., Oct. 2, 2018 /PRNewswire/ — Harvard Illinois Bancorp, Inc. (the “Company”) announced today its unaudited statement of net assets in liquidation, as of September 30, 2018, and its unaudited statement of changes in net assets in liquidation for the nine months then ended.
Unaudited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At September 30, 2018, the Company reported unaudited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $15.2 million, $1.1 million and $14.1 million, respectively. Assets in liquidation at September 30, 2018 included the $8.1 million related to the investment in the defaulted repurchase agreement purchased th…
Chocolate cafe business Max Brenner has fallen into voluntary administration, becoming the latest victim of difficult market conditions in recent months.
McGrathNicol were appointed voluntary administrators of the business on Sunday and have said the companys 37 stores will continue to trade while the business is reviewed.
The jobs of about 600 staff have been made uncertain by the administration, which follows a wind-up notice issued with ASIC on September 14.
McGrathNicol partners Barry Kogan, Kathy Zosou and Jason Preston pointed to escalating costs and tighter retail trade as notable factors leading to the administration.
Administrators are assessing the possibilitythe business could either be sold or recapitalised.
