These days volunteering to teach art classes at Bethlehem House keeps Robert Kreshl busy.

But for 13 years Mr Kreshl was ruled by an addiction to poker machines.

“It was a place for me to hide and hope to win enough money to get me out of trouble this vain, delusional hope,” he said.

It only took one flutter on the pokies for the addiction to take hold.

He was working on an art project and was short on cash. He saw a gaming room, walked in with $7 and won $35.

“The hook was in and slowly but surely I got sucked into being addicted to poker machines,” he said.

What followed was a downward spiral of addiction and debt.

“As I played I became more a…

Read the full article at: http://www.abc.net.au/news/2017-09-30/workers-at-coalface-of-problem-gambling-disappointed/9002918

While Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with “relief” offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island’s devastated infrastructure.

“Puerto Rico needs immediate humanitarian assistance before many more lives are lost thanks to America’s latest climate catastrophe, and reconstruction aid to help them rebuild their infrastructure,” Wenonah Hauter, executive director of Food & Water Watch, wrote for Common Dreams on Friday. She continued:

The hurricane only made a bad situation much, much worse: Puerto Rico has been reeling from austerity measures for years that were put i…

Read the full article at: https://www.commondreams.org/news/2017/09/29/wall-street-vultures-circle-demands-immediate-puerto-rico-debt-relief

SIX former workers at liquidated Trend Interiors Carpet Court Mackay will end up thousands of dollars out of pocket unless government regulators step in, says the woman tasked with managing the fallout of the failed company.

But the company’s liquidator BRI Ferrier principal Moira Carter is not optimistic the ASIC will give worker welfare priority, meaning they might not get any of the superannuation payments they are owed from years of work at the tile and carpet company before it went into liquidation in March.

Mrs Carter said that the troubled company’s director, Raymond Jack, and business consultant Andrew Johnson have not been cooperative.

Several attempts to contact both men for comment for this story on Friday were unsuccessful.

M…

Read the full article at: https://www.dailymercury.com.au/news/former-mackay-workers-still-thousands-out-of-pocke/3229673/

NEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria.

As Puerto Rico struggles with near total destruction of its power distribution grid from last weeks storm, the government released a new point-by-point critique of the offers terms to the utility, while calling the groups arguments in favor of the loan self-serving.

Hurricane Maria knocked out power to the U.S. territorys 3.4 million residents and left the Puerto Rico Electric Power Authority (PREPA), which declared bankruptcy in July, scrambling to complete damage assessment…

Read the full article at: http://www.reuters.com/article/us-usa-puertorico-prepa/puerto-rico-lashes-out-again-at-utility-creditors-loan-offer-idUSKCN1C4367?il=0

What
are the types of liquidation in Abbotsbury?

There are essentially
4.

Creditors Voluntary Liquidation. When a
Company is Insolvent the directors and shareholders agree to voluntarily
appoint a liquidator.

Members Voluntary Liquidation. When a
Company has no debt and is solvent and wants to voluntarily finalize the
affairs of a company.

Official Liquidation. A creditor applies
to the Court to appoints a liquidator.

Provisional
Liquidation. Mostly occurs when directors are in dispute on how to deal with
the affairs of the Company. The Court may appoint a liquidator.

As
a director in Abbotsbury what are my options?

As a director  if you
are in financial difficulty or believe that you may be in the near future you
should talk to Insolvency Guardian. Essentially it needs to
be established if the company is solvent or insolvent.  If it is insolvent, that is, not being able to pay the
debts as they fall due, then a Creditors Voluntary Liquidation (“CVL”) is
the only real option. Alternatively, if the company is solvent, a Members Voluntary Liquidation (“MVL”) is
required. 

Official or Provisional
liquidation are normally brought about by an unpaid creditor and appointed via
the courts.

Why would I choose to liquidate my company in [Holder]?

Firstly, if the company
is insolvent it is a director’s duty to deal with the company. Being a director
of an insolvent company and continuing to trade
can have major personal repercussions.  

A company liquidation will, in
most cases,

Minimize
a director’s exposure to a higher Insolvent Trading claim.

Deal
with most debt unless secured or with personal guarantees.

Deal
with the assets and outstanding debtors.

Deal with a non-lockdown Directors Penalty Notice
(DPN).

Orderly
go through a process to wind the company up.

 If,
as a director, you feel that your company is in financial difficulty you should
call us to discuss. You accountant may be good at accounting but they may not
have the knowledge to deal with insolvency. 

The Insolvency Guardian Group has its own registered Liquidators and
this is what we specialise in. Call now for an obligation free consult on 1300 60
70 60.

What
are the types of liquidation in Abbotsford?

There are essentially
4.

Creditors Voluntary Liquidation. When a
Company is Insolvent the directors and shareholders agree to voluntarily
appoint a liquidator.

Members Voluntary Liquidation. When a
Company has no debt and is solvent and wants to voluntarily finalize the
affairs of a company.

Official Liquidation. A creditor applies
to the Court to appoints a liquidator.

Provisional
Liquidation. Mostly occurs when directors are in dispute on how to deal with
the affairs of the Company. The Court may appoint a liquidator.

As
a director in Abbotsford what are my options?

As a director  if you
are in financial difficulty or believe that you may be in the near future you
should talk to Insolvency Guardian. Essentially it needs to
be established if the company is solvent or insolvent.  If it is insolvent, that is, not being able to pay the
debts as they fall due, then a Creditors Voluntary Liquidation (“CVL”) is
the only real option. Alternatively, if the company is solvent, a Members Voluntary Liquidation (“MVL”) is
required. 

Official or Provisional
liquidation are normally brought about by an unpaid creditor and appointed via
the courts.

Why would I choose to liquidate my company in [Holder]?

Firstly, if the company
is insolvent it is a director’s duty to deal with the company. Being a director
of an insolvent company and continuing to trade
can have major personal repercussions.  

A company liquidation will, in
most cases,

Minimize
a director’s exposure to a higher Insolvent Trading claim.

Deal
with most debt unless secured or with personal guarantees.

Deal
with the assets and outstanding debtors.

Deal with a non-lockdown Directors Penalty Notice
(DPN).

Orderly
go through a process to wind the company up.

 If,
as a director, you feel that your company is in financial difficulty you should
call us to discuss. You accountant may be good at accounting but they may not
have the knowledge to deal with insolvency. 

The Insolvency Guardian Group has its own registered Liquidators and
this is what we specialise in. Call now for an obligation free consult on 1300 60
70 60.

What
are the types of liquidation in Aberdeen?

There are essentially
4.

Creditors Voluntary Liquidation. When a
Company is Insolvent the directors and shareholders agree to voluntarily
appoint a liquidator.

Members Voluntary Liquidation. When a
Company has no debt and is solvent and wants to voluntarily finalize the
affairs of a company.

Official Liquidation. A creditor applies
to the Court to appoints a liquidator.

Provisional
Liquidation. Mostly occurs when directors are in dispute on how to deal with
the affairs of the Company. The Court may appoint a liquidator.

As
a director in Aberdeen what are my options?

As a director  if you
are in financial difficulty or believe that you may be in the near future you
should talk to Insolvency Guardian. Essentially it needs to
be established if the company is solvent or insolvent.  If it is insolvent, that is, not being able to pay the
debts as they fall due, then a Creditors Voluntary Liquidation (“CVL”) is
the only real option. Alternatively, if the company is solvent, a Members Voluntary Liquidation (“MVL”) is
required. 

Official or Provisional
liquidation are normally brought about by an unpaid creditor and appointed via
the courts.

Why would I choose to liquidate my company in [Holder]?

Firstly, if the company
is insolvent it is a director’s duty to deal with the company. Being a director
of an insolvent company and continuing to trade
can have major personal repercussions.  

A company liquidation will, in
most cases,

Minimize
a director’s exposure to a higher Insolvent Trading claim.

Deal
with most debt unless secured or with personal guarantees.

Deal
with the assets and outstanding debtors.

Deal with a non-lockdown Directors Penalty Notice
(DPN).

Orderly
go through a process to wind the company up.

 If,
as a director, you feel that your company is in financial difficulty you should
call us to discuss. You accountant may be good at accounting but they may not
have the knowledge to deal with insolvency. 

The Insolvency Guardian Group has its own registered Liquidators and
this is what we specialise in. Call now for an obligation free consult on 1300 60
70 60.