Its easy to see why we would avoid debt but when it comes to business, this isnt always the best way to manage cash flow. Not all debt is created equal; Some good debt can actually help grow your business. Rather than oversimplifying all debt as bad, there are a few simple ways to identify…
By Leith van Onselen The Australian Financial Security Authority (FSA) has released personal insolvency statistics for 2017-18, which reveals a sharp rise in total personal insolvencies to the highest level since the Global Financial Crisis (GFC), with record high insolvencies reached in WA and NT, and debt agreements also hitting an all-time high: According to…
Ethan Genter @EthanGenterCCT ORLEANS A New Bedford man was ordered to pay restitution to Wellfleet Shellfish Co. after pleading guilty Wednesday in Orleans District Court to larceny over $250 by a single scheme. Vasco Camara, 49, must pay the shellfish company, his former employer, $54,150.75. The owner of the Eastham-based company told police in…
A good Samaritan who called an ambulance after a man was hit by a car is angry that her private details were forwarded to a debt collection firm seeking payment for the emergency call-out. Jenna (surname withheld) was riding her bike to work in Melbourne in March when she saw the man get hit.…
A businessman who killed a motorist more than 10 years ago over a minor road accident has sought to be declared bankrupt.Yesterday, Albert Mbogori urged the High Court to find that he is unable to pay the Sh12.5 million awarded to the widows family.The next hearing will be on September 20.On December 1, 2007, Mbogori…
The Government keeps reassuring workers that wage growth is just around the corner as long as strong employment growth continues. But a leading investment bank has warned that even its most far-reaching economic forecasts show no meaningful change in the unemployment rate. The logic is painfully simple. The more Australians that find work,…
16:59 18/07/2018 MOSCOW, July 18 (RAPSI) The Commercial Court of Tatarstan has granted a move of Tatfondbank demanding to declare bankrupt its former board chairman Robert Musin on Wednesday, according to the court records. The court has also ordered to initiate sale procedure with regard to Musins property. On February 2, the court initiated a…
The rate of personal insolvencies in Sunderland has significantly increased over the last two years, official data has revealed. In 2015, 24.8 adults per 10,000 were declared insolvent in Sunderland, according to Insolvency Service figures. However, by 2017 that figure had risen to 28.1, an increase of 13.6%. Insolvency is when someone cannot pay their…
The Pfizer restructuring will be a case study in whether corporate restructuring & innovation can co-exist or whether M&A is the more viable answer. Pfizer recently announced a major restructuring into three business segments. The move followed an unsuccessful attempt by the company to market its OTC, or Consumer Healthcare segment as it will be…
The rate of personal insolvencies in Sunderland has significantly increased over the last two years, official data has revealed. In 2015, 24.8 adults per 10,000 were declared insolvent in Sunderland, according to Insolvency Service figures. However by 2017 that figure had risen to 28.1, an increase of 13.6%. Insolvency is when someone cannot pay their…