GAMBLING is a significant public health issue globally and particularly in Australia, which has the highest rates of gambling expenditure per capita in the world. Analyses of official statistics were produced most recently for the 201718 financial year, when Australians lost $25 billion (summary table D) across products including electronic gaming machines ($12.7 billion), casinos…
AN astounding 10,378 people thats the number of young Malaysians who were declared bankrupt between 2018 and September this year. Over 20% of the 47,929 persons declared bankrupt during the period were under the age of 34; 10,138 were aged between 25 and 34; while those under 25 make up 240 bankruptcy cases, according to…
A Personal insolvency Arrangement (PIA) has been approved by the High Court that will allow a man who had run his own retail business for many years write off approximately 900,000 in debt owed to a financial fund. The PIA, which is 15 months in duration, will allow 41-year-old Gerard Conlon of Farndreg, Coxes Demense,…
Andrii Yalanskyi Published on the Value Lab 11/24/22 We have very robust capital markets coverage on SA, where we cover almost every advisory house on US markets. For those that have restructuring franchises, the issue of low converting into actual deals from dialogue about strategy and macro has been an issue in bringing out the…
123RF Several liquidators approached by Stuff say the use dummy directors is sometimes reported to the Companies Office as conduct not consistent with being a good director. Patsy directors are being appointed to companies just before they go into liquidation owing large amounts of money. Why? Martin van Beynen reports. Stephen Bruce Murdoch, 36, is…
News Update ByStartupStory |November 26, 2022 A UK court ruled steel mogul Pramod Mittal, who is also the brother of one of the richest people in the world, Lakshmi Mittal, would go bankrupt in June 2020. Since then, he has been battling to extricate himself from the legal quagmire, but on Friday (November 25, 2022),…
The younger brother of steel magnate Lakshmi Mittal had his deal with creditors – under which he agreed to pay 0.2% of his total debts of more than $2 billion – overturned in a London court on Friday. Pramod Mittal was declared bankrupt in June 2020 over an approximately $170 million debt owed to Moorgate…
Across the US in recent weeks student loan borrowers hoping to have their debts eased have opened their email inboxes to a message from the US secretary of education, Miguel Cardona. It read in part: Lawsuits are preventing the US Department of Education from implementing its one-time student loan debt relief program; we are holding…
Student debt aid has become a hot political topic in the USA in the past few months as Joe Biden seeks to extend the moratorium on paying back student loans as a result of the Covid-19 pandemic. President Joe Biden has been working on his student loan forgiveness program which is now in the court…
Former steel magnate Pramod Mittal. (Image: Bloomberg) In June 2020, Pramod Mittal, brother of one of the richest men in the world, Lakshmi Mittal, and himself a steel magnate, was declared bankrupt by a UK court. Since then, he has been fighting to get himself out of the legal mess, but on Friday (November 25,…