Normal text sizeLarger text sizeVery large text size Parents looking to give their children a helping hand financially are sticking with helping them with a home deposit rather than with their student debt, regardless of predictions the rate of annual indexation could be high for years to come. Student debt, though indexed in line with…
A BFT gym in action. Source: Supplied Australian-born gym franchise Body Fit Training (BFT) has announced new expansions into Hong Kong, Malaysia, and Spain, making customer gains as competitors like F45 adjust to trying market conditions. The chain opened its first Hong Kong franchise this month and has recently sold its first two franchises in…
Credit/AdobeStock According to Experian, the average American consumer had more than $100,000 in debt at the end of 2022 and debt balances grew for most, regardless of their credit score. Helping consumers manage this debt from mortgages, auto loans, credit cards and more is increasingly important, especially in our current interest rate environment. What will…
Share this post: A new TransUnion (NYSE: TRU) study, Debt Consolidation in a Rising Economy found that amidst a period of growth in credit card balances and originations, consumers continue to turn to unsecured personal loans as a way to consolidate high interest credit card debt. The study examined which consumers were turning to unsecured personal loans…
A greater number of underperforming small businesses are deciding to undertake small business restructuring (SBR) plans with the ATO increasingly willing to accept proposals made as part of restructures, according to accounting firm BDO. BDO North Queensland office managing partner, advisory, Todd Kelly said that a slow uptake in the first two years after the…
The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for one of the Biyani-promoted company before FLFL was…
NEW YORK, Aug 21 (Reuters) – Goldman Sachs (GS.N) is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser (RIA)…
Akin has been shortlisted by Legal Business in the category Restructuring Team of the Year as part of the publications annual Legal Business Awards. Akins shortlisted submission highlighted the firms lead role in the successful global chapter 11 restructuring of $6 billion in financial indebtedness of Nordic Aviation, the largest lessor of regional aircraft in…
A surprise month-on-month fall in the number of corporate insolvencies in England and Wales does not reflect current tough trading conditions, with the number of struggling businesses in the region likely to rise significantly over the next year. This is according to the Midlands branch of the UKs insolvency and restructuring trade body R3 and…
A raft of barely used kit belonging to a bankrupt Dutch printer is currently up for auction. The entire inventory of Drukkerij Schuttersmagazijn is being auctioned via Troostwijk Auctions online platform. The business, also known as SMG Group, was declared bankrupt in June. The company was founded in 1952, first under the name Schuttersmagazijn, later…