TORONTO, ON–(Marketwired – May 18, 2016) – TransUnion’s (NYSE: TRU) latest Canada Industry Insights Report found that the average Canadian’s non-mortgage debt level rose to $21,348 in Q1 2016, up 2.7% from Q1 2015. The increase was particularly visible outside of the oil patch, with Ontario and Quebec seeing the greatest rises. Debt levels rose for…
The Money Advice Service (MAS) has announced plans to help 15% more over-indebted people than last year, ahead of the transition to a new guidance body in 2018. In its business plan for 2016/17, the MAS revealed it will use the money saved from forward planning and future investment to fund help for 425,000 over-indebted…
TEL AVIV May 18 (Reuters) – Israeli real estate developer Africa Israel Investments said on Wednesday it is seeking a debt settlement with bondholders for the second time since 2010. Africa-Israel has 3.1 billion shekels ($809.3 million) in Israeli bonds to be repaid. The company’s Russia-focused subsidiary AFI Development has been hurt by the weak…
In the wake of the financial crisis, education spending in Greece has been reduced by 45%. 1000 schools have been closed down, teachers are forced out of work, and children pushed into overcrowded classrooms. As many of the most commonly used words in English and other European languages are of Greek origin, shouldn’t we find…
Share Tweet Share Share Email Directors of limited companies may face bankruptcy if they have personally guaranteed the borrowings of the company. In a liquidation of a business, many creditors both secured and unsecured do not get their debts paid in full. Often the directors of the business have had to secure borrowings for the…
A training and skills development business set up by a former professional soccer player has collapsed into voluntary administration. Mr Soccer Pty Ltd called in voluntary administrators late last week. Frank Lo Pilato, managing partner at RSM Canberra, has been appointed external manager. A creditors meeting is scheduled for 25 May in Canberra. Mr Soccer was set up…