Southern Boundary Wines director Rebecca Cope.
A North Canterbury wine company facing charges alleging fraud concerning wine production, has been placed in liquidation.
The Waipara-based company, Southern Boundary Wines Ltd, and its directors have filed not guilty pleas to all charges and elected trial by jury in a case that will be considered for transfer to the High Court.
Judge Stephen O’Driscoll was told in the Christchurch District Court that the company was placed into voluntary liquidation on February 2 and the counsel for the liquidator had sa…
Read the full article at: https://www.stuff.co.nz/business/101431427/alleged-canterbury-wine-fraud-company-in-liquidation
WITH more than 600 Gympie parents struggling to meet their financial obligations for their kids, experts are pressuring the Turnbull Government to overhaul the much-maligned child support system.
Exclusive data obtained by NewsRegional shows 2281 Gympie residents should be paying child support but 28 per cent – 628 – are behind in their payments.
Most of the debtors are men, with 531 Gympie fathers owing money.
There are 82 mothers with a child support debt and 15 residents of “unknown gender” who also owe money.
The Department of Human Services could not tell NewsRegional how much money is owed locally, but it confirmed that nationwide fathers owed their children almost $1.5 billion and mothers owed $56.3 milli…
Read the full article at: https://www.gympietimes.com.au/news/hundreds-of-gympie-parents-add-to-15b-child-suppor/3333031/
General Motors Co said it will close one of its four plants in South Korea and incur an $850-million (£630.9 million) impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy.
The U.S. auto maker said it would decide the future of its remaining South Korean operations within weeks, and is in talks with the government and labour unions on how to cut costs and make the business profitable.
“Time is short and everyone must move with urgency,” GM President Dan Ammann told Reuters.
The move is the latest in a series of steps the U.S. auto maker has taken to put profitability and innovation ahead of sales and volume. Since 2015 GM has exited unpr…
Read the full article at: https://www.theglobeandmail.com/report-on-business/international-business/asian-pacific-business/gm-to-shut-one-south-korea-plant-decide-on-fate-of-others-within-weeks/article37958129/
FORT LAUDERDALE, Fla., Feb. 13, 2018 /PRNewswire/ — Despite reports of near record-high spending for Valentine’s Day, a new Debt.com survey finds most people are not interested in their partner going into debt to get the perfect gift. In fact, almost half of survey respondents said they don’t expect their partner to spend anything at all this year.
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Read the full article at: https://www.prnewswire.com/news-releases/debtcom-survey-your-valentine-isnt-keen-on-adding-to-your-debt-300597652.html
A man checks his phone as he waits for the train at Zoloti Vorota metro station in Kyiv on May 3.
Photo by Kostyantyn Chernichkin
Kyiv City State Administration on Feb. 13 terminated a deal with Mosquito Mobile to set up a Wi-Fi network in Kyivs metro, bring the skeleton mobile internet service i…
Read the full article at: https://www.kyivpost.com/ukraine-politics/kyiv-cuts-off-deal-build-wi-fi-network-metro.html
After six months long painstaking insolvency proceedings and due diligences, the Rs 43,000 crore debtor Essar Steel has received just two bids— from ArcelorMittal and Numetal Mauritius— on Monday. Though ArcelorMittal did due diligence for Bhushan and Essar, it reserved its final bid for the latter, pushing the industry to guess that it’s a sizable offer. The bid of Numetal is going to be the game changer as it is the last attempt of the Ruia family, the promoters of Essar group companies, to win back their flagship company.
Numetal is a consortium, fronting the interests of Ruias, in which Russian bank VTB holds the majority stake. Rewant Ruia, the son of co-founder Ravi Ruia, holds a minority stake in the consortium. The bids will…
Read the full article at: https://www.businesstoday.in/current/economy-politics/will-ruias-challenge-insolvency-proceedings-if-numetal-gets-disqualified/story/270580.html
An East Kilbride man has admitted a £35,000 tax fraud.
William Doonan, 61, pleaded guilty to an amended charge of defrauding HM Revenue & Customs at Hamilton Sheriff Court on Friday.
Fiscal depute Callum Forsyth told the court Doonan was caught when an HMRC inspector carried out a VAT inspection at Veitchi Flooring Limited in East Kilbride on November 4, 2015.
Suspicion was aroused when company records revealed that numerous payments inclusive of VAT were being made to Doonans personal bank account.
Further investigations uncovered that Doonan was continuing to act as a sub-contractor and repeatedly fraudulently declared that he was registered for VAT despite being made insolvent.
Mr Forsyth said: Between May 5, 2009 and November 5, 20…
Read the full article at: https://www.dailyrecord.co.uk/news/local-news/east-kilbride-worker-pleads-guilty-12018498?utm_source=google_news&utm_medium=referral&utm_campaign=google_news&utm_content=sitemap
A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year.
Insolvency trustee firm Hoyes Michalos & Associates says 31 per cent of insolvent borrowers used the loans in 2017, up from 27 per cent the year before.
The study suggests payday loans are a growing factor in personal insolvencies in Ontario, with struggling debtors are taking out fewer but larger loans despite recent changes to lower borrowing rates.
As of Jan. 1, 2017, the provincial government reduced the maximum amount lenders can charge for a payday loan to $18 for every $100 borrowed, down from $21 for each $100. Earlier this year, the rate was further reduced to $15….
Read the full article at: http://www.cbc.ca/news/canada/toronto/ontario-payday-insolvency-growing-1.4532866