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Debt-ridden young people in Coventry are declaring themselves insolvent before they reach their mid-twenties, it has been revealed.
New data shows a total of 527 people in the city 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, 34 were aged under 25.
Twenty-seven of those youngsters are known to have taken on an IVA, while seven more accepted a DRO.
A further 57 young people in Warwickshire became insolvent during the year.
Below the national average
Across Coventry, one in every 535 adults of all ages fell into individual insolvency in 2017.
The national average for England and Wales was one in 469.
According to court documents, the judge granted the casinos plea for a judgement after PK, 51, defaulted on a previous settlement agreement related to the $3.6 million casino debt hes been working to pay off for years.
The court order, dated Sep. 6 and obtained by The Blast, states that garnishment and execution can begin, meaning that the Bellagio can now start going after income and assets in his possession.
The legal drama started in 2013 after PK was sued by the casin…
A JOINT fraud complaint to Queensland Police has alleged that one of Australia’s top four banks exposed 600 small businesses to $30 million in losses to allow it to recover more than $18 million it was owed by a failing builder.
The complaint by two Sunshine Coast small business men, which is supported by NAB and Walton Construction Queensland records, alleged the bank not only knew by at least mid-2012 the company was in trouble but actively engaged in propping it up so it could recover its money.
It described the bank’s motive as being that the Walton Group (including WCQ) was insolvent; NAB’s wish to exit their relationship with the Walton Construction Group and recover a $22.5million debt; Walton Construction (Qld) w…
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 the cost of repa…
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…
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…
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…
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…
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…
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.
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…
