ANDREW GORRIE/FAIRFAX NZ One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million. A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million. Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m…
Maine policy group tries to help avoid college debt. Marnie MacLean , WCSH 8:36 PM. EST May 20, 2016 PORTLAND, Maine (NEWS CENTER) Maine students graduating from college owe an average of $31,000 in debt. That’s the sixth highest of all states in the country. That issue of college affordability is the subject of a…
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Mrs K.L. writes: My brother, who is 84 years old, has just received a letter saying he has…
The retail bond space has just become exciting with the launch of two new frameworks last Thursday. Small investors can look forward to a wider range of retail bonds over time, up from the current 11. Under the new rules, firms that issue bonds can do away with the need to issue a prospectus –…
GOVERNMENT CHIEF WHIP Regina Doherty has defended her decision to liquidate a company in 2013. Doherty was a director along with her husband Declan of Enhanced Solutions Ltd, a company which bought and sold IT components until it went to the wall in 2009. However, it was not liquidated until 2013. The liquidators report shows…
Hungarys economy minister said he expects the nations credit to be raised by two other rating companies after it regained investment-grade status from Fitch Ratings. Fitch became the first of the largest three credit assessors to reward Prime Minister Viktor Orbans push to reduce public debt and reverse measures that contributed to downgrades five years ago.…
By Joseph Ax NEW YORK (Reuters) – Late in July 2012, Phil Mickelson, one of the world’s most famous golfers, received a phone call from a well-known professional sports gambler, William “Billy” Walters. At the time, U.S. authorities say, Mickelson owed Walters a gambling debt, and Walters had a hot stock tip: buy shares in…
National Debt Relief recently shared in an article published April 12, 2016 how married people can manage their debt in order to help their marriage. The article titled “How to Manage Your Debts To Save Your Marriage” takes a look into how finances plays a key role in marriage and how it can easily destroy…
On May 6, the U.S. Department of the Treasury (Treasury) denied Central States Pension Funds rescue plan application under the Multiemployer Pension Reform Act of 2014 (MPRA). The Trustees have met with the Funds actuaries and legal advisors to carefully consider the most appropriate next steps. Based on those discussions, it was concluded that…
Paying off a debt can unfortunately be easier said than done. Usually the struggle is related to the debtors financial well-being. (You probably wouldnt owe money if you could pay it back, right?) But there are times when a collector can gum up the works. Youll want to, of course, verify all collection accounts before paying. But…