John Tiedemann illustrates Simon Benson’s opinion piece about Australia’s rising debt problem. A bad credit rating can have a big impact on your plans to get a mortgage. LIKE many young Australians, Amy loved the idea of getting married, settling down and buying a house with her fiance. But when they applied for a home…
Toxic spill fears for Truegain TRUCKS, TANKS AND TUBES: View of the Truegain and Australian Waste Oil Refineries business at Rutherford, which closed suddenly last week. Picture: Perry Duffin. exit CONTROVERSIAL Rutherford recycler Truegain has shut its doors, leaving angry workers owed money and an environmental legacy of toxic materials including the firefighting foams at the heart of the Williamtown…
Continued James White, Founder of Burrangong Station (13) Thomas Whites, widow, Sarah, and her new husband, James Cowell, were having problems in Tasmania when in 1837 Cowell was declared bankrupt. Because of this Cowell could not renew his wine and spirit license. To make the situation worse for Sarah her husband was killed in 1838…
CENTENNIAL, Colo. — Western Convenience Stores, which has emerged from Chapter 11 bankruptcy, remained in full operation during the bankruptcy period and financial restructuring, the company said. We are delighted to have successfully completed our restructuring and emerge from the operational strains of bankruptcy, said Hossein Taraghi, president of Western Convenience Stores. We can now…
Hillary Clinton, campaigning Monday at Temple University, told college students – many of whom are drowning in debt – that she’s the candidate to address their needs. “No one will work harder to make your life better,” Clinton said, promising to give young people a say in White House decision-making. Clinton told the crowd of…
(Andrew Bossi, CC BY-NC-SA 2.0) There are 44 million student loan borrowers holding a total of almost $1.3 trillion in student loan debt. 8 million or more federal student loan borrowers are in default. One in seven borrowers will default on federal student loans within three years of repayment. In total, more than 30 percent of…
Dominic Chappell owes more than £500,000 to the taxman on the profits he made from owning BHS, the collapsed department store chain. HMRC has started legal proceedings against the disgraced businessman to try to recover the money. However, Chappell has put the business that owes the tax, Swiss Rock Limited, into liquidation, meaning he could…
An initiative among local banks to bail out small and medium sized enterprises (SMEs) has helped to restructure some Dh7 billion of debt owed by more than 1,700 companies this year, the UAE Banks Federation (UBF) said. The federation also said the bankruptcy law approved this month by the countrys Cabinet is another measure that…
Airbus Group is in the midst of a period of financial uncertainty. In July, the European aviation giant announced $1.5 billion in charges due to setbacks in the companys A350 airliner and A400M military transport programs. In response, Airbus Group CEO Tom Enders will announce a major restructuring and cost cutting plan next month, the…
Comments (0) A Brentwood company which was part of a fake £330,000 South American gold mine investment scheme has been closed down following a government investigation. Evolution Trade Services Limited, in Kings Road, offered people the opportunity to invest in three South American gold mines. Using a database, they cold-called members of the public with offers…