Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
From 31 July, if someone owes $20,000 or less in student debt, it won’t affect how much they can borrow for their new home with NAB.
This means that NAB customers with HELP debt could see a boost in their borrowing power, helping them get into the property market sooner or buy a home that better suits their needs.
NAB Executive for Home Ownership Matt Dawson
NAB Executive for Home Ownership Matt Dawson said this change will make a real difference for first-home buyers especially.
“For too long HELP debt has been a roadblock for many Australians looking to buy a home,” said Mr Dawson.
“NAB was pleased to advocate for this change last year which will allow more people to turn their homeownership dreams into reality,…
The Anil Ambani-led Reliance Power and Reliance Infrastructure issued a statement on Thursday that raids carried out by the Enforcement Directorate (ED) “have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of the companies”.
“The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCom) or Reliance Home Finance Limited (RHFL) which are more than 10 years old,” the statement mentioned.
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“It is clarified that Reliance Power is a separate and independent listed entity with no business or financial linkage to RCOM or RHFL,” the statement clarified.
EastEnders legend Martine McCutcheon has been declared bankrupt – just months after the break up of her marriage, MailOnline can reveal.
The 49 year old actress – who also appeared in Love Actually – filed a petition for her insolvency over a debt to a finance company, official public records reveal.
McCutcheon’s financial woes follow soon after the very public split from husband Jack McManus, with whom she shares a ten-year-old son.
The couple, who had married in a lavish event at Lake Como in Italy in 2012, announced their split late last year.
And her bankruptcy was issued just two months after McCutcheon and musician McManus, 42, sold the family home they had shared, a five bedroom detached home in Surrey for £1,355,000, as they went…
The Dutch arm of Taco Bell has been declared bankrupt, marking the fast food chain’s second collapse in the Netherlands in less than a decade, RTL reports. Ten restaurants across the country, including in Amsterdam, Rotterdam, and The Hague, have been forced to close.
On Wednesday, the Rotterdam district court officially declared T Bello Nederland bankrupt. The company operated all Dutch Taco Bell locations under a franchise agreement with a British operator. Dutch bankruptcy trustee Maarten Jansen has been appointed to oversee the proceedings, though he was not immediately available to give RTL a comment.
The collapse comes after a period of financial turmoil for the British franchisee, which also runs Taco Bell locations in the United…
