Customers of a Victorian builder will pay more to have their home builds completed, as part of efforts to help the financially pressured company avoid liquidation. Key points: Victorian home builder Harmac Homes was placed in voluntary administration in late August A majority of creditors and customers have voted to have the directors take back control of…
A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to do your best to avoid it. CNBC Select breaks down what happens when you default on various types of…
The attention of tax authorities on supply chain reorganisations, which impact the operations of multinational enterprises (MNEs), has noticeably increased following the issuance of the OECDs transfer pricing aspects of business restructurings (the OECD published guidance on business restructurings in draft form in 2009 and subsequently included it as final in the latest edition of…
A recent string of financial troubles in residential construction companies has shown that the building industry is anything but bulletproof. So, for anyone about to sign on the dotted line or currently in the building process, it can pay to know what to do in these tough situations and what your rights are depending where…
The Star Entertainment Group saw its shares drop heavily today after it completed a $565 million capital raise with institutional investors as the casino operator attempts to shed debt. Embattles casino operator Star Entertainment Group [ASX:SGR] has seen its share price collapse today, falling 15% after a capital raise, where it offered heavily discounted shares…
Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts. Jade Canney didnt expect to move back into her parents home after renting her own apartment for about a year, but the 22-year-old felt that she had no choice after drowning in debt that…
Recently, Inno-grow B.V. was declared bankrupt. The company produced growing systems for, among others, the cultivation of pot plants. cannabis, and for multilayer cultivation. The company from Koudekerke filed for bankruptcy itself. A restart does not seem to be on the cards, as the company’s activities have been at a standstill for some time, the…
Police in Tokyo and Aichi and Fukuoka prefectures have arrested two corporate executives for allegedly aiding habitual gambling by helping domestic customers of overseas online casinos make payments, it was learned on Wednesday. Yoshiaki Maeda, 42, and Shinya Tokita, 42, became the first Japanese online casino settlement agents to be arrested on such charges. The…
Byju’s has implemented a new social media policy that restricts employees from engaging with the media. This decision coincided with the company’s announcement of significant business restructuring and the potential dismissal of 4,000 to 5,000 employees. According to an internal company communication reviewed by Moneycontrol on September 26, employees who do not comply with these…
Everything is more expensive these days. That – along with higher student loans and credit card debt has more people turning to debt relief services. But often people who get help are left financially worse off. Question: Do debt relief services work? Are they even legit? Debt relief or credit repair companies promise to negotiate…