Australia’s peak forest contractor lobby wants Federal Industry and Innovation Minister Christopher Pyne to include changes to preferential payments in his push for company law overhaul.

The liquidators of timber giant Gunns Limited have taken action against forestry contractors to recoup millions of dollars for company creditors.

The Australian Forest Contractors Association (AFCA) has sent a letter to Mr Pyne asking for prefer…

Read the full article at: http://www.abc.net.au/news/2015-12-02/forest-contactors-call-for-insolvency-law-changes-gunns/6991954

Guaranteeing part of your offspring’s home loan can help them get onto the property ladder.

The Insolvency Service’s “Village of 100 Insolvent Debtors” must be the saddest village in the country.

The imaginary village is the way the Insolvency Services which administers bankruptcies, uses to paint the portrait of those who have gone insolvent.

Village residents find themselves there for many reasons.

ROSS GIBLIN/FAIRFAX NZ

Banking Ombudsman, Nicola Sladden urges caution on going guaran…

Read the full article at: http://www.stuff.co.nz/business/money/74604813/beware-the-risks-of-going-guarantor-on-someone-elses-loan