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Quite a saga: Creditors tried to depose administrators of failed South Australian fertiliser companies Megafert and Interfert. Source: News Limited
NEW GOVERNMENT statistics have revealed that Torbay is the second worst Parliamentary constituency in the country for bankruptcy rates.The statistics
Saudi Arabia may support Egypt by buying local debt instead of depositing dollars in the Egyptian central bank, a government
As mounting student debt generates a national conversation, a Columbia alumnus aims to help artists pay off loans, afford rent
Published 15/12/2015 Coastal areas featured strongly among the areas with the highest personal insolvency rates Vale of Clwyd, Stoke-on-Trent North
By Press Association Published: 02:02 EST, 16 December 2015 | Updated: 02:02 EST, 16 December 2015 Vale of Clwyd, Stoke-on-Trent
Torquay and Plymouth are in the top 25 list of UK places where people struggle the most with insolvencies Comments (0)
The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However,
The promotion company behind the cancelled Echo Festival in Auckland has gone into liquidation, and those waiting for ticket refunds
Sentry Group, the owners of Sentry Financial Planning, have announced they are restructuring their business and management positions following the
Woolies and Qantas in loyalty rejig Woolworths loyalty card members will be able to swap grocery discounts for Qantas Frequent
DAVIE, FL--(Marketwired - Dec 14, 2015) - Trunity Holdings, Inc. (OTCBB: TNTY) (OTCQB: TNTY) ("Trunity"), a pioneer of eLearning technology
Quite a saga: Creditors tried to depose administrators of failed South Australian fertili

Quite a saga: Creditors tried to depose administrators of failed South Australian fertiliser companies Megafert and Interfert.
Source: News Limited



LAST week the Australian Securities and Investments Commission fired a shot across the bows of insolvency companies.


In forcing Tony Matthews, of ­Anthony Matthews and Associates, into an enforceable undertaking ­arrangement, ASIC has effectively placed all insolvency practitioners on notice that creditors have every right to expect prompt, efficient, diligent and judicious action in relation to companies in financial strife.

Mr Matthews …

Read the full article at: http://www.weeklytimesnow.com.au/news/opinion/sapphire-and-megafert-interfert-insolvency-cases-raise-questions/story-fnkerdb0-1227645742266

NEW GOVERNMENT statistics have revealed that Torbay is the second worst Parliamentary constituency in the country for bankruptcy rates.

The statistics show that 9.8 people per 10,000 were declared bankrupt in 2014 – 78 new bankruptcy cases – with only Wythenshawe and Sale East having a higher rate of new bankruptcy cases.

Torbay also had the third highest individual insolvency cases in the country, with 43.8 people per 10,000 adults declared insolvent in 2014. Only in the Vale of Clwyd and in Stoke-on-Trent North were more adults declared insolvent. Torbay had in the past been ‘top’ of the list.

Torbay was also in the top ten for debt relief orders. A debt relief order is a way to have your debts written off if you have a …

Read the full article at: http://www.torquayheraldexpress.co.uk/Torbay-worst-insolvency-cases/story-28370093-detail/story.html

Saudi Arabia may support Egypt by buying local debt instead of depositing dollars in the Egyptian central bank, a government official said, part of a fresh aid package to help the dollar-starved economy.

The two governments are discussing plans for Saudi Arabia to buy Egyptian treasury bonds and treasury bills, said the official, who asked not to be named because the proposal isnt public. Saudi Deputy Crown Prince Mohammed Bin Salman arrived in Cairo Tuesday for the talks, during which Egypt has said it planned to offer Saudi Arabia major projects in return for support.

Egyptian Prime Minister Sherif Ismail told reporters Tuesday that all options for Saudi support remain on the table, and that talks will continue in Riyadh on Jan. 5.

Egypt…

Read the full article at: http://www.bloomberg.com/news/articles/2015-12-15/saudi-arabia-may-help-egypt-by-buying-local-debt-official-says

As mounting student debt generates a national conversation, a Columbia alumnus aims to help artists pay off loans, afford rent and continue to pursue their passions.

Derrick Trumbly, a 2005 theatre alumnus, began the first capital…

Read the full article at: http://www.columbiachronicle.com/campus/article_81a7e506-a081-11e5-9682-ef91a6fec79b.html

Published 15/12/2015

Coastal areas featured strongly among the areas with the highest personal insolvency rates
Coastal areas featured strongly among the areas with the highest personal insolvency rates

Vale of Clwyd, Stoke-on-Trent North and Torbay were the parliamentary constituencies with the highest personal insolvency rates across England and Wales last year, according to official figures.

Coastal areas featured strongly among the areas with the highest personal insolvency rates, while many areas of London were among the constituencies with the lowest rates, t he Insolvency Service’s figures showed .

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Continuing a trend seen in 2013, Vale of Clwyd had the highest personal insolvency rate in 2014, with a rate of 48.6 cases per 10,000 members of the adult population….

Read the full article at: http://www.belfasttelegraph.co.uk/news/uk/areas-with-highest-personal-insolvency-rates-revealed-34289480.html

Press Association

Vale of Clwyd, Stoke-on-Trent North and Torbay were the parliamentary constituencies with the highest personal insolvency rates across England and Wales last year, according to official figures.

Coastal areas featured strongly among the areas with the highest personal insolvency rates, while many areas of London were among the constituencies with the lowest rates, t he Insolvency Service’s figures showed .

Continuing a trend seen in 2013, Vale of Clwyd had the highest personal insolvency rate in 201…

Read the full article at: http://www.dailymail.co.uk/wires/pa/article-3360936/Areas-highest-personal-insolvency-rates-revealed.html

Torquay and Plymouth are in the top 25 list of UK places where people struggle the most with insolvencies



Comments (0)

A South Devon town is topping the list of places in the UK for the number of insolvencies.

Torquay continues to top the list as the town with the highest rate of personal insolvencies, with cases recorded in 17 in every 10,000 households, representing a six per cent increase on the same period last year.

It was joined in the top 25 list by Plymouth with 11 per 10,000 household going into insolvency.

The two Devon towns are the only one in the Westcountry to be on the national list wit…

Read the full article at: http://www.westernmorningnews.co.uk/Torquay-Plymouth-25-UK-insolvency-list/story-28368723-detail/story.html

The Prime Ministers announcement on Monday 7 December of a National Innovation and Science Agenda is a welcome development. However, the challenge will be for the government to turnaround our National Innovation System (NIS) which has been steadily in decline for some time.

As outlined in the Prime Ministers statement, Australia has many world class businesses, universities and research organisations. However, Australia ranks at the bottom of the OECD group of advanced nations in relation to university-industry collaboration. We also lag in terms of our spending on R&D. For example, Australia spends around 2.13% of GDP on R&D compared to the OECD average of 2.63%. As a benchmark South Korea spends 4.15% of GDP on R&D.

In the …

Read the full article at: http://theconversation.com/will-the-national-innovation-and-science-agenda-deliver-australia-a-world-class-national-innovation-system-52081


The promotion company behind the cancelled Echo Festival in
Auckland has gone into liquidation, and those waiting for
ticket refunds still have no assurance they will get their
money back anytime soon.

A message posted on the Echo Festival NZ Facebook page this
afternoon said the festival’s promoting company had been
placed into liquidation.

“After a long and what now seems pointless struggle it is
with deep disappointment we must announce that it has been
resolved to place the festival’s promoting company into
liquidation,” the message stated.

“The festival and its advisers have been trying hard to

Read the full article at: http://www.odt.co.nz/entertainment/music/367023/festival-promotion-company-liquidation

Sentry Group, the owners of Sentry Financial Planning, have announced they are restructuring their business and management positions following the acquisition of Wealthsure into the organisation.

The restructure includes the establishment of four core divisions and functions business development, business solutions, compliance, and corporate services.

Daniel Parry has been appointed as head of business development and chief investment officer, David Newman has been appointed head of business solutions and executive director, Hanna Abdullah has been appointed head of compliance and CRO, while Bryan Hills has been appointed head of corporate services and executive director.

The firm said it will maximise its scale as a non-institutionally al…

Read the full article at: http://www.moneymanagement.com.au/news/financial-planning/sentry-group-announces-business-restructure

Woolies and Qantas in loyalty rejig

Woolworths loyalty card members will be able to swap grocery discounts for Qantas Frequent Flyer points after the retailer, under pressure from customers, reached a new partnership agreement with the airline. The Fin

Legal threat to Apex directors

Apex Minerals liquidator Bryan Hughes plans to launch legal action against the collapsed gold producers former directors over claims the Wiluna miner was insolvent for almost two years before receivers were appointed. The West

Nurofen fined over misleading pain claims

The manufacturer of Nurofen faces millions of dollars in fines but will be allowed to sell painkillers marketed as targeting specific types of pain for another 12 months after a court found…

Read the full article at: https://www.businessnews.com.au/article/Morning-Headlines-621

DAVIE, FL–(Marketwired – Dec 14, 2015) – Trunity Holdings, Inc. (OTCBB: TNTY) (OTCQB: TNTY) (“Trunity“), a pioneer of eLearning technology solutions that transform the educational experience, today announced a comprehensive restructuring plan that will result in the spin-out of its education related businesses into a private company owned by its shareholders. In conjunction with the spin out, it intends to reshape its capital structure following a conversion of the majority of its $4 million in debt into equity. Lastly, it has acquired a new business start-up, Newco4Pharmacy, LLC, that intends to acquire a series of compounding pharmacy operations.

The restructuring plan was approved by Trunity’s Board of Directors after review of it…

Read the full article at: http://www.stockhouse.com/news/press-releases/2015/12/14/trunity-announces-restructuring-plan-and-business-spin-out

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