Orange has one of the highest rates of personal bankruptcy in Australia, with 75 people in the city declared bankrupt in 2017. Statistics from the Australian Financial Security Authority and data research agency illion placed Orange seventh in Australia, and second in NSW, for suburbs with the highest concentration of bankruptcies. It was a 38…
ST. LOUIS Some school districts in the St. Louis area are asking the community to help pay off student meal debt for families who can’t afford daily lunches for their children. More than 2,100 students in the Francis Howell School District collectively owe nearly $19,000 in their school lunch accounts. The district has asked community…
A West Australian builder with a long history of delivering major commercial projects has reportedly written to subcontractors warning them to down tools as the company reviews its “financial viability”. Cooper & Oxley is more than 60 years old and has delivered more than $2 billion in projects over the past decade, including the 1309 Hay Street Hotel Development, Baldivis Senior College…
Shares in listed real estate company McGrath Limited have fallen sharply on Monday. Fairfax Media revealed on the weekend that the company’s multi-millionaire founder and soon-to-be executive chairman John McGrath has a $16 million debt to gambling company William Hill Australia. Real estate identity John McGrath Photo: Daniel Munoz On Monday morning shares in McGrath fell…
HONG KONG–(Business Wire)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Mr. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where…
HPE New Zealand is the next to be hit by redundancies caused by their global restructuring initiative, HPE Next, according to rumours. Since the announcement of the initiative in October last year, there have been unofficial reports of large-scale redundancies across the many countries in which HPE operates. Now employees of the New Zealand branch…
EXCLUSIVE CASH-strapped Australians burdened by inflated utility bills and soaring credit card debts are flocking to financial help services in record numbers. The National Debt Helpline has been inundated with households in financial distress with latest figures showing in 2017 they received 170,000 calls – the highest ever on record. This is a 12 per…
Kantine Mittagsessen mit Schnitzel und Nudeln auf einem Tablett. × St. Louis schools need help paying off student meal debt Kantine Mittagsessen mit Schnitzel und Nudeln auf einem Tablett. ST. LOUIS Some school districts in the St. Louis area are asking the community to help pay off student meal debt for families who cant afford daily…
The alleged plight of real estate guru John McGrath calls to minds an anecdote, probably apocryphal, from the late Lord Lucan. Do you gamble? Lord Lucan asked a friend. Illustration: John Shakespeare She replied that, like most people, she enjoyed the odd flutter on the horses. Gambling is when you bet something you cannot afford…
Sunday 04 February 2018 Etihad Airways is urgently examining ways to avert a technical default of some $1.2bn in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad…