When Ms Myra Donohue’s father, who is a financial planner, offered to help her with her finances, she politely declined.

With a background in accounting, she did not want anyone else’s help managing her US$5,000 (S$6,411) of credit card debt, not to mention car payments and other bills. But once Ms Donohue, 28, sat down with her finances, she realised how overwhelming the process would be, especially with two young sons and her partner recently laid off from his electrician job.

She found a way to approach it in July in a Facebook post about how to tackle your finances in seven steps. Step 1 was simple: List your income and fixed expenses and create a zero-based budget, a method that assigns a specific job to every dollar earned….

A victim of convicted paedophile Maurice Van Ryn says a legal loophole that prevents victims from receiving compensation from their abusers if they declare bankruptcy needs to be closed.

Edan van Haren was 14 when repeated sexual abuse began in 2010 at the home of Van Ryn, the former Bega Cheese boss, on the far south coast of New South Wales.

“It’s like the age-old saying that if someone in a van gives you candy, don’t go inside,” Mr van Haren said.

“It’s just that his candy was in the form of portraying himself as nice, kind and helpful, but it was all just to fulfil his own urges.

• A cruise passenger in the Caribbean threw himself off a cruise ship to try and escape gambling debts of $24,000 in the cruise ship casino.
• There are several similar cases in Australia, some of which ended tragically.
• Is it time that cruise ship casinos operating out of Australia should face stricter regulations?

A passenger on a Caribbean cruise has jumped over the side of Rhapsody of the Seas after accumulating USD$16,000 (approx AUD$24000) in gambling debt. 

Authorities reported that the passenger was attempting to avoid paying the massive gambling debts that he had accrued. 

However, Jey Gonzalez-Diaz, the man in the question, was swiftly rescued by two people nearby on jet skis, who pulled him onto their…

The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt amount beyond Rs, 1 Crore as evident from the Form-C and Form-D of the NeSL certificate, from the loan account statement of the respondent maintained by the Financial Creditor and from the acknowledgement of debt instrument executed by the respondent.

The present application was filed on 10.04.2024 by Canara Bank (‘Petitioner/ Financial Creditor’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiation of Corporate Insolvency Resolution process…

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. As with many other companies Firstsource Solutions Limited (NSE:FSL) makes use of debt. But is this debt a concern to shareholders?

We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

What Risk Does Debt Bring?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it…