A building company has collapsed as liquidators investigate the transferral of hundreds of thousands of dollars of company funds to two employees. Last week, Alurt Construction Services, based on the NSW mid-north coast near Coffs Harbour, plunged into liquidation. The companys initial estimated debt of around $100,000 has exploded to more than $2 million, although…
By Tita Smith For Daily Mail Australia Published: 07:55 AEST, 20 May 2024 | Updated: 07:57 AEST, 20 May 2024 EXCLUSIVE In just one week, on May 26, Shane Dixon should be celebrating his 46th birthday. Instead, the father-of-three’s family has been left heartbroken after he plun… Read the full article at: https://www.dailymail.co.uk/news/article-13424493/Shane-Dixon-P-O-cruise-debt-suicide-eerie-post.html
Loans and other types of financing available to consumers generally fall into two main categories: secured debt and unsecured debt. The primary difference between the two is the presence or absence of collateral to protect the lender in case the borrower defaults. Key Takeaways Secured debts are those for which the borrower puts up some…