Most bankruptcy cases involve those aged 35 to 45, mainly due to failure to settle HP loans, credit card debt, personal loans and housing loans. PUTRAJAYA: A total of 294,000 Malaysians are currently embroiled in bankruptcy cases due to their failure to settle hire purchase loans, credit card loans, personal loans, housing loans and social…
Australian media mogul Bruce Gordon has lost his court case against the Ten Network’s administrators KordaMentha and US media giant CBS. Key points: Media owners had argued the creditors’ report was deficient because it only presented information about the CBS bid However, the judge was not satisfied there were any deficiencies in the report…
HOUSEHOLD debt in the Clarence Valley is reflecting the alarming figures revealed nationally in the latest report on income wealth and expenditure. Local support agencies like Anglicare and neighbourhood centres are reporting a big increase in the number of people to coming to them for support because they cannot afford to buy food for themselves…
VANCOUVER (miningweekly.com) Canadian alluvial diamond miner Rockwell Diamonds said Friday it remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen on Thursday to file a motion in the Kimberley High Court to place the three subsidiaries back in provisional liquidation, when a rescue offer is set to be…
Only hours before the administrator of the failed home automation group Leisuretech who own the A Bus patent, was set to recommend that the Company be placed into liquidation, he was approached with an offer to settle by the directors of the failed Company, however as of today no offer has been made. Questions are…
MUMBAI: The tax office is reopening old records of many companies that have wound up and no longer exist in the books of the government something the revenue department has rarely done in the past. Former directors of such closely-held private companies, which have received tax notices along with the official liquidators, fear they could…
Dear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in…
The public sector behemoth Steel Authority of India Ltd. is planning to commence work on the Tasra coking coal project with Lanco Infratech Ltd. against whom a corporate insolvency resolution process has been initiated. Work is scheduled to begin formally soon and a ceremonial unveiling is scheduled for September 17 the day of Vishwakarma Puja…
West of Sunshine, set in Melbourne’s west, makes its mark at Venice exit Australian writer-director Jason Raftopoulos was overcome by the five-minute standing ovation that greeted his debut film West of Sunshine after its world premiere at the Venice Film Festival. “It was a completely overwhelming experience,” he said. “So much of filmmaking is conducted…