Overdrawn is a way of life for more than two million people in the UK. That means every single month their bank takes money from them in interest and charges that they could be using to pay for essentials like rent, food and heating. That’s according to StepChange Debt Charity, which found evidence of unaffordable…
TWO years after starting liquidation proceedings, the future is still unclear for creditors of a 60-year-old family-owned Toowoomba company. TFD Joinery Works ceased trading in September of 2015, but with all tangible assets sold, creditors are now waiting on court action to determine whether they will see any returns. Some may not even see a…
THE likely new owner of Cook Colliery mine promises to be “very different” to the now liquidated company which was at the helm when more than 100 people lost their jobs. Bounty Mining expects the sale of the formerly Gaungdog Rising Asset Management-owned mine to settle this week after more than three months of hurdles.…
Financial advisors don’t always agree, but when it comes to lending money to family, there’s consensus: Tread carefully. If an adult child needs help buying a first home or has a promising business idea, a family loan can be a fast and convenient option. But there’s a risk of drama down the road. Here are…
Banks and other lenders must be breathing a sigh of relief, and celebrating an early “Christmas gift” from the Supreme Court of Appeal. The gift was delivered in Diener NO v Minister of Justice (926/2016) [2017] ZASCA 180 (1 December 2017). Two of the questions before the court were: whether or not a business rescue…
KUALA LUMPUR: Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans declared bankrupt since the establishment of the institution in 1997. Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the bankruptcy declarations had to be made after the borrowers failed to comply with the court decisions. Shamsul…
BELGRADE Julie Foret, 10, says she really likes to play outside with her neighbor and bake, which is evident from the pink long-sleeve T-shirt shes wearing that reads, Bake the world a better place. Julies mother, Elizabeth Scott, said her daughter is always considering the needs of others. She gave an example of when Julie…
Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans were declared bankrupt since the establishment of the institution in 1997. Its chairman, Shamsul Anuar Nasarah, said the bankruptcy declaration had to be made after the borrowers failed to comply with the court decision. Shamsul Anuar, who is also…
13:47 05/12/2017 MOSCOW, December 5 (RAPSI) The Moscow Commercial Court has declared Carlo Pazolini shoe retailers founder Ilya Reznik bankrupt, RAPSI has learnt in the court. A procedure of Rezniks property disposal has been commenced for a period of six months. On April 6, the court initiated the procedure of debt restructure against Reznik on…
KUALA LUMPUR: Only two out of the 2.8 million borrowers of the National Higher Education Fund Corporation (PTPTN) loans were declared bankrupt since the establishment of the institution in 1997. Its chairman, Datuk Dr Shamsul Anuar Nasarah, said the bankruptcy declaration had to be made after the borrowers failed to comply with the court decision.…