DEBT ADVICE Creditfix will talk through the position people are currently in and what route they can take to deal with their debts DEBT after the festive period is something weve all worried about.After the tree comes down and the decorations are packed away, many are left worrying how to manage the dent in their…
Troubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple. Kwong Properties took the business, which was…
A new scheme to help borrowers reduce their debt burden starts next Monday. The debt consolidation plan, as it is called, targets people who will be affected by upcoming changes in borrowing limits. Under these rules, starting in June, unsecured debts cannot exceed 18 times a borrower’s monthly pay. In June 2019, that drops to…
1) JFD registered as a Wholly Foreign Owned Enterprise of Tri-way The operating company of Aqua Farm 1, Jiangmen City A Power Fishery Development Co. Ltd. (“JFD”) has been registered as a Wholly Foreign Owned Enterprise (“WFOE”) of Tri-way by the Authorities of PRC Business Registration. Thus, shareholders of Sino Agro Food, Inc. are legally…
Jan 17 Sino Agro Food Inc : * Sino Agro Food provides updates on the restructuring of its aquaculture business * Sino Agro Food Inc – “completed important legal due diligence and made meaningful progress toward restructuring, carve-out and subsequent spin-off” * Sino Agro Food Inc – in addition to providing dividend shares to current…
A Richmond law firm hit by a massive trust fund shortage has filed a notice saying it is insolvent and will make a proposal to creditors under the Bankruptcy and Insolvency Act. Richmond lawyer Hong Guo, whose firm completes about $700 million a year in real estate transactions, said in recent legal filings…
Total personal insolvencies went up by 0.9 per cent year-on-year in the December quarter 2016 with debt agreements and personal insolvency agreements increasing by 9.5 per cent and 4.9 per cent, respectively, according to the Australian Financial Security Authority (AFSA). At the same time, AFSA said that bankruptcies fell by 4.9 per cent year-on-year. The…
RELATED COVERAGE Sports wagerers with debts of tens of thousands of dollars are regularly presenting to Child and Family Services Ballarat, the service said. Every two to four weeks a person will seek help with debts which are out of control for their stage of life because of compulsive sports betting, CAFS financial counselling coordinator Colin Handreck…
The organisation, Council Tax Advisors (CTA), will operate on a UK-wide basis and provide free help and advice to people struggling with tax arrears. Carrington Dean said this meets a growing need for help as an estimated one in 10 UK households are struggling with council tax debts. The service will help individuals by assisting…
Alvarez & Marsal calls for beefing up machinery, judicial Bench strength New Delhi, January 17: The Corporate Affairs Ministry (MCA) and the Insolvency and Bankruptcy of India (IBBI) should limit the number of pending bankruptcy and insolvency cases referred to the National Company Law Tribunal, an Alvarez & Marsal report has suggested. NCLT, which was…