Discount store chain goes into liquidation – Stuff.co.nz

The 123 Mart was opened in 1995 by Joseph Choi and has gone into liquidation. Discount store chain 123 Mart Limited has gone into liquidation after failing to pay tax debt. Jared Booth and Tony Maginness from Staples Rodway have been appointed liquidators. The company owns 60 stores throughout New Zealand. Booth said the liquidators were in discussions and negotiations…

‘We’re not in a sitcom’: Ex- One Nation senator Culleton warned by magistrate – WAtoday

September 26 2017 – 1:13PM 33 reading now Former One Nation senator Rod Culleton has been warned by a Perth magistrate to stay on track while representing himself against a stealing charge. Mr Culleton allegedly prevented bank-appointed receivers from leaving his friend’s farm, where they had begun foreclosure proceedings, by surrounding their $27,000 hire car…

Excessive credit drives personal insolvencies – MacroBusiness (blog)

By Martin North, cross-posted from the Digital Finance Analytics Blog: New data from the Australian Financial Security Authority shows that in 201617, the most common non-business related causes of debtors entering personal insolvencies were: excessive use of credit (8,870 debtors) unemployment or loss of income (8,035 debtors) domestic discord or relationship breakdown (3,222 debtors). However, employment related issues figured…