WITH a whopping $32billion in credit card debt currently haunting Australians, it’s no wonder money is the leading cause of stress. Australian Securities and Investments Commission data reveals the average debt per card holder is about $4,300 and with many consumers possessing more than one credit card, the numbers get even scarier. But it’s not…
An embattled developer and fraudster avoided plummeting into bankruptcy after claiming he only had $200 in his bank account and couldn’t repay the $17 million he owed to former friends and associates. Despite his cries of crippling financial stress, Lemuel Page, 48, is still spotted driving around the NSW Hunter region in a luxury Mercedes…
Rogue advisers who seek out struggling companies and help ‘phoenix’ them out of tax and other financial obligations are being targeted in a multi-agency crackdown on the $3 billion lost every year from company rebirthing. The Australian Taxation Office and ASIC are leading the effort to put rogue ‘pre-insolvency advisers’ out of business by disrupting…
PwC suffered the latest blow to its reputation late on Thursday as Ukraines central bank pulled its bank auditing rights in the country for failing to identify alleged improprieties that led to a $5.5bn balance-sheet hole at PrivatBank, the countrys largest lender. The big four accounting group, which denies fault, had audited PrivatBank from the…
Dont let money rule your marriage. With some basic parameters, the two of you can handle the stressors of money and prevent serious problems that could lead to divorce. July 23, 2017 by Larry Alton Leave a Comment A quick look at the statistics reveals that money is one of the top reasons for divorces…
The states new mortgage arrears resolution service has helped fewer than 160 borrowers at risk of losing their homes to challenge their lenders through the appeal courts. The Abhaile service, launched last October, helps borrowers challenge mortgage providers when they veto proposals for a personal insolvency arrangement. According to a briefing for Charlie Flanagan after…
Sears Canada is striving to reinvent itself and entice customers. But every time it posts an ad promoting products on its Facebook site, the retailer is bombarded with angry comments. “No one cares!” wrote one person, commenting on a dishware ad. “As far as I’m concerned the whole company should go belly-up.” “Empty plates are what Sears ex-employees will…
Debt consolidation is one of the most sought after repayment programs for for consumers, but not everyone qualifies for it, according to National Debt Relief. The article titled “5 Things To Do If You’re Declined For A Debt Consolidation Loan” released July 7, 2017 shares some tips when consumers find their loan application being turned…
Page used cucubic zirconia in his friend’s wedding ring, but told him it was diamond. FOR years Newcastle man Lemuel Page spun a web of deceit involving failed investments that left him owing friends and former associates $17 million. But in the end it was a cheap cubic zirconia ring that landed the property developer turned fraudster in…
Cynthia Trench Saturday 22 July 2017 The absence of a legal framework for bankruptcy has long been a hindrance to UAE business. In the past, financial problems spelled trouble for companies, as local courts could not be persuaded to offer a moratorium on debt, which would have given firms the chance to…